Day: September 25, 2024

Bitcoin ETFs Remove Nearly Five Times Daily Supply as Ethereum ETFs See Strong Rebound

boss

According to the latest data from Farside Investors, bitcoin {{btc}} exchange-traded funds (ETFs) saw an inflow of $136.0 million on Sept. 24. Leading this surge was BlackRock’s IBIT ETF, which experienced a significant inflow of $98.9 million, marking its largest inflow since Aug. 26. This brings IBIT’s total net inflows to over $21 billion, reinforcing its number one position in the market. Other notable contributors included Fidelity’s FBTC, with $16.8 million in net inflows, and Bitwise’s BITB, which attracted $17.4 million. Original

FBI Warns of Growing ‘Pig Butchering’ Crypto Schemes in Maryland

The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into fake crypto investments, leading to massive financial losses. FBI Warns of Surge in Cryptocurrency Investment Scams in Maryland The Federal Bureau of Investigation (FBI) Baltimore […] Source CryptoX Portal

South Korea’s FSC Endorses Nonprofit to Secure Crypto Assets after Exchange Closures

boss

Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 Transformation in the APAC Trading Landscape and Beyond | FMPS:24 As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory…

Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

SEC pushes back Ethereum ETF options decision to November

The United States Securities and Exchange Commission has delayed its decision regarding the approval of options trading for spot Ethereum ETFs. In two separate filings, the SEC said it requires “sufficient time to consider the proposed rule change” that would allow Nasdaq ISE LLC and NYSE American LLC to offer options trading for spot Ethereum ETFs. Currently, BlackRock’s iShares Ethereum Trust (ETHA), Bitwise’s Ethereum ETF (ETHW), Grayscale’s Ethereum Trust (ETHE), and Ethereum Mini Trust (ETH) are the funds seeking the commission’s approval. BlackRock filed for the rule change for its…

XRP Price Remains in Range: Can It Escape the Consolidation?

boss

XRP price is still consolidating above the $0.5785 support. The price must clear the $0.5950 and $0.6050 resistance levels to gain bullish momentum. XRP price is still trading below the $0.600 resistance zone. The price is now trading above $0.590 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5865 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5950 and $0.6050 resistance levels. XRP Price Eyes…

Spot Bitcoin ETFs accumulate $390.7m over four days, Ethereum ETFs see rebound

boss

Spot Bitcoin exchange-traded funds in the U.S. recorded a significant jump in net inflows on Sept. 24, while spot Ether ETFs reversed course, moving back into net positive flows. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $135.95 million on the day, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $390.7 million. BlackRock‘s IBIT, the largest Bitcoin ETF, spearheaded the inflows with $98.9 million, marking its second consecutive day of positive inflows and bringing its…