Tag: 1.5B

Bitcoin (BTC) Funds Surpass $1.5B of Inflows in 2023; Ether (ETH), Solana (SOL) Funds Lead Altcoin Inflows

Funds holding ether (ETH) experienced $34 million of net inflows last week, extending the positive trend to four consecutive weeks and surpassing $100 million of net inflows during this period. ETH funds now have almost nullified their dismal run of outflows earlier this year, which marks “a decisive turnaround in sentiment” towards the second largest cryptocurrency, CoinShares added. Source

First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

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Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold. Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows. BITO, GBTC trade $2.5 billion  Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind. In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand. As noted by…

Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers

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Multichain $1.5B hack investigation, Shibarium eyes relaunch, Base, Optimism join hands: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The $1.5-billion Multichain hack has seen some new evidence — read our detailed investigation to learn about every aspect of the exploit and the plight of the victims thereafter. Blockchain security provider Quantstamp introduced a new DeFi tool to detect…

Multichain victims search for answers in $1.5B exploit as new evidence emerges

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On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed users’ worst fears. The protocol’s CEO, identified only as “Zhaojun He,” was arrested by Chinese authorities in Kunming on May 21 after months of repeated denials on official communication channels. Also allegedly arrested was Multichain’s core team, which was operating in Shanghai.  It was never disclosed why Zhaojun had been arrested or what the charges were. However, evidence suggests that Multichain funds may have been seized as part of an anti-money laundering operation in the context of a…

Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis

CryptoX – Cryptocurrency Analysis and News Portal Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a “final offer” in the debt-restructuring talks over the bankrupt digital-asset firm Genesis, bringing months of negotiations and mediation to a head with a plan for $1.5 billion in forbearance payments and fresh loans. Original Source The post Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis appeared first on CryptoX. CryptoX Portal

Tether has $1.5B in Bitcoin reserves: BDO Italia

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BDO Italia’s latest attestation report for Tether revealed that Bitcoin made up approximately $1.5 billion of the stablecoin issuer’s reserves, or roughly 2% of the total, at the end of the first quarter. The accounting firm did not list Bitcoin (BTC) as a line item in previous reports. Without much fanfare, Tether has started reinvesting some of their profits/excess reserves into Bitcoin. How much have they acquired in Q1, you ask? Just around 52,670. pic.twitter.com/NI3N0oICOz — girevik (@girevik_) May 10, 2023 Precious metals were also given their own line item in…

Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in one month

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Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share of exchange BTC balance increase With BTC/USD setting multi-month highs regularly since mid-March, the temptation to sell for both long-term (LTHs) and short-term holders (STHs) has no doubt increased. As Cointelegraph reported, actual selling pressure has…