Blackrock’s IBIT has officially become the fastest exchange-traded fund (ETF) to reach $80 billion in assets under management (AUM), hitting the milestone in just 374 days and helping push total spot bitcoin ETF assets past $140 billion. IBIT Rockets to $83 Billion, Fueling Spot Bitcoin ETF Boom Past $140 Billion Blackrock’s iShares Bitcoin Trust (IBIT) […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Filecoin exhibited remarkable bullish strength in the last 24 hours, climbing from $2.44 to $2.65 in a decisive 9% advance, according to CryptoX Research’s technical analysis model. The momentum intensified notably during the 16:00-21:00 timeframe on July 10, as price rocketed from $2.44 to $2.58 amid extraordinary trading volume of 8.18 million tokens at the 21:00 mark, significantly exceeding the 24-hour average of 3.67 million, the model showed. Price broke through key resistance levels at $2.60-$2.61 with strong volume support, according to the model. The move higher in Filecoin came…
Crypto and blockchain venture capital came roaring back in the second quarter, with startups raising a combined $10 billion during the period. For venture capital firm Ego Death Capital, however, it’s Bitcoin (BTC) — not broader crypto — that will drive the future of secure decentralized finance. Earlier this week, the firm announced a new $100 million fund dedicated to investing in early-stage Bitcoin companies. Meanwhile, Robinhood is doubling down on its tokenization push, even as European regulators scrutinize its so-called “private equity” offerings. While Robinhood has long been active…
With bitcoin trading at a record high above $117,000, some of its largest institutional holders are sitting on massive gains — and show no sign of planning to cash out. Strategy (MSTR), the software company turned bitcoin holding giant, owns nearly 600,000 BTC, according to BitcoinTreasuries.Net data, and has made an estimated $28 billion in unrealized profit at $117,464 price, data from Strategy Tracker shows. The company has spent more than $42 billion accumulating its stash, which makes it the third-largest bitcoin holder. Only the pseudonymous bitcoin creator Satoshi Nakamoto…
The spot bitcoin exchange-traded funds (ETFs) raked in over $1 billion in inflows on Thursday, marking one of their strongest single-day totals since launch. The surge came as bitcoin broke a new all-time high above $118,000. Leading the pack was BlackRock’s iShares Bitcoin Trust (IBIT), which crossed $80 billion in assets under management (AUM), making it the fastest ETF in history to hit that milestone. It took IBIT just 374 days — roughly a fifth of the time it took the previous record-holder, the Vanguard S&P 500 ETF (VOO), which…
Omni Network took the cryptocurrency market by storm on Friday, with the native token pumping a staggering 200% as it outpaced the top 500 coins by market capitalization. As the crypto market revelled in the wake of Bitcoin (BTC) touching a new all-time high above $118k, the Omni Network (OMNI) crypto bid to steal the show. The altcoin, currently ranked 277 by market cap at just over $135 million, outpaced cryptocurrency peers as its price rose from lows of $1.53 to hit $5.40 across major exchanges. Data shows its daily…
The Ethereum Foundation sold 10,000 Ether through an over-the-counter deal just before the cryptocurrency briefly regained the $3,000 mark. In a Friday X post, the Ethereum Foundation said it had finalized the terms of a 10,000 Ether (ETH) sale at an average price $2,572.37 via an over-the-counter transaction. At the time of writing, Ether traded nearly 16% higher, hovering just below $3,000. “Our OTC counterparty was Sharplink Gaming,” the foundation said. In a separate Friday announcement, SharpLink Gaming said it paid over $25 million for the ETH. The transaction was…
Mainland China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly showing signs of a shift in tone regarding stablecoins amid new developments in Shanghai. The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) has held a meeting to discuss strategic responses to stablecoins and digital currencies, Reuters reported on Friday. Following the Thursday meeting, SASAC director He Qing called for “greater sensitivity to emerging technologies and enhanced research into digital currencies,” in a post on the authority’s official account. The initiative reportedly came in response to growing…
Malta’s cryptocurrency market regulator claimed that none of the local licenses issued under the Markets in Crypto-Assets Regulation (MiCA) are at risk following a recent peer review by European Union regulators. “No MiCA license in Malta is at risk of revocation or re-evaluation as a result of the peer review outcomes,” a spokesperson for the MFSA told Cointelegraph, adding that the authority has already started addressing all the issues identified in the review. The statement comes after the European Securities and Markets Authority (ESMA), Europe’s primary supervisory body overseeing MiCA…
The CEO of Elon Musk’s social media platform quietly stepped down on Wednesday after a little more than two years at the helm. Elon Musk’s X Left Leaderless After Linda Yaccarino Departs It’s been a rough five-week stretch for Elon Musk. U.S. President Donald Trump “dumped” him after their bromance went sour last month, Tesla’s […] Source CryptoX Portal