Day: February 5, 2025

After US Bitcoin ETF Success, BlackRock Eyes Europe for Exchange-Traded Product

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BlackRock, one of the world’s largest asset managers, is set to bring its Bitcoin investment offering to Europe, marking a major step in its growing crypto ambitions, Reuters reported. After its successful US Bitcoin ETF, which has reportedly amassed over $58 billion in assets, BlackRock is now targeting European investors by listing a Bitcoin exchange-traded product (ETP) in Switzerland. If successful, this could mark a rising demand for institutional-grade crypto investment vehicles as the industry gains a wider acceptance in global finance. Bitcoin Demand Drives BlackRock’s Expansion The firm’s entry…

Raydium is Solana’s AMM King. Can it Corner the Perps Market Next?

Decentralized crypto trading engine Raydium is making a bid for Solana’s multibillion dollar perpetuals market – and gaining traction fast. Raydium’s weeks-old foray into offering these hyper-popular derivatives contracts – they allow crypto traders to speculate on price swings without holding the actual token – is already racking up $100 million in daily trading volume. It’s now Solana’s third most popular venue for trading perps, behind Jupiter and Drift, this ecosystem’s trading heavyweights. The growth comes despite Raydium perps’ nascency; its builders haven’t poured marketing capital on promoting a trading…

MicroStrategy rebrands to Strategy as it doubles down on Bitcoin

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MicroStrategy has rebranded as it looks to strengthen its position as the world’s largest Bitcoin treasury company. The business and artificial intelligence firm announced its name change to Strategy, emphasizing a sharper focus on its core mission. Strategy, currently the largest corporate holder of Bitcoin (BTC), has also launched a new website. Additional changes include adopting orange as the brand’s primary color and unveiling a new logo featuring a stylized “B” to reflect its Bitcoin strategy. Michael Saylor, founder and executive chairman of Strategy, commented: “Strategy is one of the…

Why Bitcoin Wins No Matter The Outcome Of Trump’s Trade War

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Este artículo también está disponible en español. In an escalation of global economic friction, President Trump’s imposed tariffs have roiled financial markets this week, cutting across both equities, Bitcoin and cryptocurrencies. Yet a new memo from Bitwise Asset Management suggests that these headwinds might ultimately propel Bitcoin to new heights—regardless of whether Trump’s strategy succeeds or fails. At the beginning of the week, the crypto market witnessed a severe sell-off. Bitcoin declined by about 5%, while Ethereum and XRP suffered even sharper losses—17% and 18%, respectively. The immediate catalyst was…

BlackRock to list Bitcoin ETP in Europe: report

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BlackRock plans to launch its first Bitcoin exchange-traded product in Europe following the success of its $58 billion U.S. Bitcoin ETF. The fund is expected to be domiciled in Switzerland, sources familiar with the matter told Bloomberg.  BlackRock could begin marketing the product as early as this month. Its entry into the European crypto ETP market marks another step in the firm’s growing embrace of digital assets. Exchange-traded products are a category of securities that track the value of one or more underlying assets. ETPs can be traded on regulated…

Gold-Backed Cryptocurrencies Shine as Precious Metal Hits Record High Amid Trade War Worry

Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious metal’s rise, both rising roughly 10% in line with the spot price of gold. Each of these tokens is backed by one troy ounce of gold stored in a vault. Unsurprisingly, in the traditional market, gold miners’ stocks have also…

Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion

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Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges. Ethereum Exchange Outflows Spiked After Price Crash According to data from the market intelligence platform IntoTheBlock, investors reacted to the latest crash in the Ethereum price by making outflows from exchanges. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of the cryptocurrency that’s entering into or exiting the wallets associated with all centralized exchanges. When the value…

Holding the Wrong AI Crypto Could End in Disaster. Can Mind of Pepe Become a Winner in 2025?

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Marc Chaikin is a legendary figure on Wall Street, renowned for spotting market trends before they unfold. His insights have accurately predicted major downturns, including the 2012 Priceline collapse, the COVID-19 market crash, and the recent banking crisis. When Chaikin speaks, Wall Street pays attention. This time, he’s sounding the alarm on the AI frenzy sweeping the U.S. stock market. According to Chaikin, investors holding the wrong AI stocks risk devastating financial losses. He stated, “If you’re holding Nvidia (NVDA) or FAANG right now, it’s time to prepare for a…

Why The Next 30 Days Could Be A Game-Changer For The Market

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Este artículo también está disponible en español. Crypto analyst CryptoCon has provided valuable insights into the Bitcoin price action in this cycle. Based on his analysis, the next thirty days could be a game-changer, with BTC set to witness a significant move to the upside.  Why The Next 30 Days Could Be A Game Changer As The Bitcoin Price Makes its Move In an X post, CryptoCon predicted that the Bitcoin price could rally to as high as $160,000 in the next thirty days. This would be a game-changer for…

Bitcoin Price Analysis: A Massive Move Is Brewing—Breakout or Breakdown Ahead?

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Bitcoin currently trades at $97,821 to $98,313 over the last hour, boasting a $1.96 trillion market valuation and $54.21 billion in daily activity, oscillating between $96,147 and $100,760 today. It lingers 9.2% shy of its historic peak, a threshold tantalizingly close yet just out of immediate reach. Bitcoin Bitcoin‘s daily price action paints a tempestuous […] Original