Tag: btc

Bitcoin (BTC) Drops From $70K as Bullish Signal Strengthens

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Bitcoin’s price fell below $69,000 during the European morning having briefly topped $70,000 late on Monday. BTC is currently priced at about $68,900, down just over 0.2% compared to 24 hours ago. Other major crypto tokens also dropped, and the broader digital asset market, as measured by CoinDesk 20 Index (CD20), lost 0.70%. Crypto exchange Bitfinex said on Monday that bitcoin’s slump since March was driven by long-term holders selling. This trend has now stalled, however, with the number of net accumulating BTC addresses growing over the past month, a…

Thailand approves first spot BTC ETF for ultra high net-worth individuals

The Thailand Securities and Exchange Commission (SEC) approved the first spot Bitcoin (BTC) exchange-traded fund (ETF) in the country, making it available only to ultra high net-worth individuals. According to the Thailand-based daily newspaper Bangkok Post, the country’s SEC gave the green light to the local asset management company, One Asset Management (ONEAM), to launch its spot BTC ETF. The investment product is called the “ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI).” However, the report says that the ETF will not be available for…

Spot BTC ETFs start 4th consecutive week with positive inflows

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have started their fourth consecutive week with positive gains while BTC consolidates. According to data provided by Farside Investors, spot BTC ETF products in the U.S. recorded $105.1 million in inflows on June 3 — making a positive entrance into the fourth straight week.  The majority of the inflows came from Fidelity Wise Origin Bitcoin Fund (FBTC), worth $77 million. Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF(ARKB) registered $14.3 million and $10.7 million inflows, respectively. Moreover, VanEck Bitcoin Trust…

Bitcoin ETF (BTC) Purchases for Pension Funds Just Getting Started

“Wisconsin’s investment board has always been innovative,” he said. “This is a fully funded pension fund so in a way, they have the luxury of being able to invest for the long term. They don’t need to worry as much about liquidity as, say, the pension fund for the state of Illinois, which is only funded at 50% of its level,” he added. Source

Paradigm backs BTC staking protocol Babylon with $70m round

Bitcoin staking protocol Babylon has successfully raised $70 million in a funding round led by venture firm Paradigm.  Babylon’s investment round included participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, ViaBTC Capital, Amber, and HTX Ventures. The platform aims to use this fresh capital to drive its mission of establishing a Bitcoin-secured decentralized economy. It allows various proof-of-stake (PoS) systems, such as PoS chains, layer-2 solutions, data availability layers, and oracles, to use Bitcoin as a staking asset.  By using Babylon’s modular design and slashing functionality,…

Japanese Crypto Exchange DMM Bitcoin Hacked for More Than $300,000,000 Worth of BTC

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The Japanese crypto exchange DMM Bitcoin announced on Friday that it had been hacked for more than $300 million worth of BTC. The exchange said it lost 4502.9 BTC ($305 million) in what the crypto investigative firm Chainalysis called “the seventh-largest crypto hack ever.” DMM Bitcoin announced the hack on Friday morning and promised it would replace customers’ stolen Bitcoin, though the exchange’s website appeared to be down by Friday evening. The blockchain security firm Beosin says the stolen funds have been distributed to 10 addresses so far and were…

$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period

In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and […] Source CryptoX Portal