Tag: Million

Samson Mow Says Bitcoin May Surge Past $1 Million

It is expected that the demand for Bitcoin will rise in ways that have never been seen in its entire history. Pixelmatic and JAN3 CEO Samson Mow has given one of the most “outrageous” predictions yet for Bitcoin. Mow, who has always bet big on Bitcoin, recently hinted that the BTC price may well be on its way to $1 million. The recent approval of spot Bitcoin ETFs and the upcoming halving event have already driven BTC demand up. However, Mow believes that it is only a matter of “days…

Spot Bitcoin ETFs Record Over $800 Million In Net Inflows in Debut Week

boss

On Wednesday, January 10, the US Securities and Exchange Commission (SEC) finally approved the launch of spot Bitcoin ETFs, representing a remarkable event in US trading history.  So far, market data on these investment funds have confirmed theories of increased institutional demand for Bitcoin, with over $800 million in total net inflows and $3.6 billion in trading volume recorded across the first two days of trading.  Although these inflows are yet to be reflected in BTC’s price, as the premier cryptocurrency dipped by 2% in the last week, the spot Bitcoin…

Cathie Wood says bitcoin ETF approval makes her $1.5 million bull case more likely

boss

Ark Invest’s Cathie Wood said the approval of bitcoin exchange-traded funds in the U.S. made her more convinced that the world’s largest cryptocurrency could hit her wildly bullish target. For her bull case, the ARK Invest chief sees bitcoin hitting $1.5 million by 2030. Her base case is in the $600,000 range, she said. “We think the probability of the bull case has increased with this SEC approval. This is a green light,” Wood said on CNBC’s ” Squawk Box ” Thursday. “It is the first global decentralized digital rules…

SEC Mishap Triggers $220 Million In Crypto Liquidations

boss

On Tuesday, the crypto market was taken by storm when a tweet emerged from the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC) saying all Spot Bitcoin ETF applications had been approved. This had been initially followed by a surge in price but this was short-lived as the price would crash shortly after. The reason for this was because Gary Gensler, chairman of the Commission, revealed that the tweet was fake and the regulator’s social media account had been compromised. SEC Hack Triggers $220…

Cardano whales accumulating, GFOX presale headed to $5 million?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano (ADA) whales are accumulating as sentiment improves. Meanwhile, Galaxy Fox (GFOX) supporters are bullish, expecting the ongoing presale to raise over $5 million. Galaxy Fox presale status Galaxy Fox is a meme coin project that investors expect its native token to rally. The project’s success is due to its GameFi and meme coin initiatives that have attracted investors.  Galaxy Fox also offers engaging activities and financial opportunities for…

VanEck Announces Massive $72 Million Bitcoin ETF Seeding As Two Tickers Appear On DTCC Website

boss

As the US SEC prepares to make its final decision regarding Spot Bitcoin ETF approvals, the Depository Trust and Clearing Corporation (DTCC) has officially listed the Spot ETFs tickers from investment management firm, VanEck. VanEck’s Spot ETF Ticker Listed on DTCC American investment management firm VanEck’s Spot Bitcoin ETF has recently appeared on the active and pre-launch list of the DTCC. VanEck’s ETF can be identified by the ticker ‘HODL’ on the DTCC’s official platform.  This move positions VanEck as a key player in the evolving landscape of Spot ETF…

A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024’s First Week

boss

The first week of 2024 marked a notable milestone in crypto asset investments. Investment products in this particular sector witnessed inflows amounting to $151 million, according to a recent report from CoinShares. Crypto Asset Funds Sees Surge In Inflows This $151 million surge in inflow, as highlighted by James Butterfill, Head of Research at CoinShares, is particularly noteworthy in light of the Grayscale vs. US Securities and Exchange Commission (SEC) lawsuit, with these inflows contributing to a total of $2.3 billion since the case began in October 2022. This amount…

Daily DEX Volume Surges, Outpacing Ethereum By $400 Million

boss

Arbitrum, a prominent Layer-2 (L2) scaling solution, has been on a remarkable upward trajectory since the launch of its native token, ARB, in March 2023. The past 30 days witnessed a staggering 74% surge in ARB’s value, underscoring the growing market interest in the protocol. Notably, Arbitrum’s daily decentralized exchange (DEX) volume has experienced a significant surge, propelling the protocol to surpass Ethereum (ETH) for the first time in this key metric.  This milestone highlights Arbitrum’s increasing adoption and recognition for its scalability within the decentralized finance (DeFi) ecosystem. Arbitrum…

Ethereum Price Crash Looming? Celsius To Unstake $465 Million

Celsius Network, the bankrupt cryptocurrency lending company, is gearing up to unstake approximately $465 million worth of Ethereum (ETH) as part of its efforts to compensate creditors. This development follows the company’s bankruptcy filing in July 2022, leaving creditors in a prolonged 18-month wait for financial recompense. Celsius’s decision to unstake a substantial amount of ETH is seen as a necessary step to ensure liquidity for creditor compensation. The company’s official announcement, made via X (formerly Twitter), highlights the strategic nature of this move: “In preparation of any asset distributions,…

BlackRock $10 Million Bitcoin Purchase Will Happen Today, Expert Says SEC Is Backed Into A Corner

boss

The world’s largest asset manager, BlackRock, is set to make a significant Bitcoin purchase on January 5. This comes as Bloomberg analyst James Seyffart hinted that the Securities and Exchange Commission (SEC) has no choice but to approve the pending Spot Bitcoin ETFs finally.  BlackRock To Purchase $10 Million Worth Of Bitcoin As part of efforts to seed its Spot Bitcoin ETF, BlackRock will purchase $10 million worth of BTC on January 5. The asset manager had earlier scheduled this Bitcoin purchase for January 3. However, it was eventually postponed…