Month: July 2024

Ethereum Flatlines Following Spot ETF Day 1: Full Recap

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The much-anticipated launch of several Ethereum-based spot exchange-traded funds (ETFs) failed to ignite a significant Ethereum (ETH) price rally. Despite considerable trading volumes and large inflows for the “newborn” ETFs on their first day, the Grayscale outflows have been too massive (once again) to propel the Ether price upwards. Ethereum ETFs Start Strong, But Grayscale … Eric Balchunas, a senior ETF analyst at Bloomberg, shared via X (formerly Twitter), “DAY ONE in the books for Eth ETFs who did $1b in total volume, which is 23% of what the spot…

Mt. Gox moves additional $2.47b in BTC to new wallet, Bitstamp

Mt. Gox recently moved a significant amount of Bitcoin to the Bitstamp cryptocurrency exchange amid ongoing creditor repayments. On-chain data provided by Arkham Intelligence shows that the initial transaction occurred today at 04:46 UTC, involving the movements of 32,371 BTC worth $2.13 billion to the newly-activated address ‘12Gws9’ and 5,106 BTC valued at $336.61 million to the Mt. Gox Cold Wallet (1Jbez). The total amount reaches $2.47 billion. According to data from Arkham Intelligence, the latest slew of transactions comes shortly after the bankrupt Bitcoin (BTC) exchange transferred 47,000 BTC…

Institutional Adoption Accelerates For Solana as Hamilton Lane Launches Blockchain-Native Fund

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In a move highlighting the growing intersection of traditional finance (TradFi) and blockchain technology, Hamilton Lane, one of the world’s largest asset managers, has announced the launch of a private credit fund on the Solana (SOL) blockchain.  The fund, named Senior Credit Opportunities Fund (SCOPE), will now be accessible to investors through the Solana network, according to a recent report by Fortune. Institutional Fund Directly On The Solana Blockchain Hamilton Lane, which has over $290 billion in assets under management, has partnered with Libre, a Web3 protocol developed by Brevan Howard’s WebN…

Crypto Exchange Bybit Targets Institutional Traders with 2 New Features

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Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting…

Ethereum ETFs Launch About To Kickstart The Altseason?

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The long-awaited Ethereum Exchange-Traded Funds (ETFs) are finally live, registering over $100 million in volume in the first 15 minutes. Investors expect to see the launch’s impact on the crypto market, while some market watchers believe ETH ETF’s performance will kickstart the Altcoin season. Related Reading Ethereum Spot ETFs Are Officially Live On Monday, the US Securities and Exchange Commission (SEC) gave the final nod to Ethereum spot ETFs, setting the launch date for Tuesday, July 23. After the approval, investors raised the alarm following some online reports. Per Whale…