Tag: Million

Brazilian Police Arrest Singers Linked to $320 Million Crypto Laundering Ring – Legal Bitcoin News

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Key Takeaways: The Federal Police arrested MC Ryan SP in a $320M crypto laundering ring, with suspects facing charges next. Operation Narco Fluxo busted a $320M crypto ring across 8 states, seizing assets to possibly compensate victims next. In November, Fernando Haddad noted Brazil will increasingly target future illicit crypto flows next. Operation Narco Fluxo Disbands $320 Million Crypto Money Laundering Ring Brazil keeps battling crypto crime and has completed yet another large operation to curb the illicit use of digital assets. According to local media, the Federal Police arrested…

Geopolitical Chaos Might Push Bitcoin Over $1 Million – Crypto News Bitcoin News

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Key Takeaways: Iran’s $1 bitcoin toll per oil barrel proposal bypasses weaponized fiat, fueling a shift to apolitical rails next. Bitwise CIO Hougan claims the $20M hypothetical daily toll proves bitcoin will soon act as both gold and currency. If bitcoin captures this new dual role, Hougan calls to update his $1M, 17% market share target up for BTC. Bitwise: Bitcoin Might Be Adopted As Currency Amidst Geopolitical Chaos The recent events surrounding the use of bitcoin as a possible means of payment to secure passage through the Strait of…

Bitcoin ETFs Add $186 Million as Broad Market Rally Continues – Markets and Prices Bitcoin News

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Key Takeaways Bitcoin ETFs added $186.03 million, with Blackrock IBIT driving $291.86 million in concentrated inflows. Ether ETFs gained $67.85 million over 5 days, signaling broader and steadier investor demand. XRP added $17.11 million and Solana $5.36 million, suggesting wider market participation may continue. Crypto ETFs Extend Gains With Strong Inflows Across Assets Momentum is no longer tentative. It is building. For a second straight session, crypto ETFs moved in unison, drawing capital across all major assets. The tone has shifted from cautious re-entry to something more confident, though not…

eToro Buys Self-Custody Wallet Firm Zengo for $70 Million

Trading platform eToro has agreed to acquire self-custodial crypto wallet provider Zengo for $70 million, paid primarily in cash, according to Bloomberg. The deal combines eToro’s 40 million registered users with Zengo’s keyless, multi-party computation wallet infrastructure – giving the publicly listed broker direct ownership of a custody layer it previously lacked. The structural implication extends beyond the disclosed price. Retail brokerages and fintech platforms are increasingly acquiring custody and wallet infrastructure rather than licensing or partnering with it, a pattern that reflects both competitive pressure and the difficulty of…

Morgan Stanley Bitcoin ETF secures $103 million in net inflows to outpace early market rivals

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Morgan Stanley’s newly launched spot Bitcoin exchange-traded fund has overtaken the WisdomTree Bitcoin Fund in total net inflows just over a week after entering the market. Summary Farside Investors data reveals the Morgan Stanley Bitcoin Trust reached $103 million in total net inflows following a $19.3 million daily gain on Wednesday. The fund surpassed the WisdomTree Bitcoin Fund’s $86 million total by utilizing a market-low 0.14% fee to capture immediate investor interest. Farside Investors data shows the Morgan Stanley Bitcoin Trust (MSBT) pulled in $19.3 million on Wednesday, pushing its…

Tether Backs $134 Million Funding Round for New Stablecoin Infrastructure – Crypto News Bitcoin News

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Key Takeaways: Tether joined a $134 million SDEV round, boosting stablecoin infrastructure investment. USDT’s 570 million users and $33 trillion volume show a shift from trading to real-world payments. SDEV aims to scale stablecoin tools, signaling broader adoption across finance next. Stablecoin Push Gains Momentum With Tether-Backed $134 Million Raise Tether has backed a $134 million funding round for Stablecoin Development Corporation (SDEV), a publicly traded firm aiming to expand access to the fast-growing stablecoin economy. The investment, which also drew participation from Framework Ventures and R01 Fund, underscores increasing…

Bitcoin Volatility Drives $12 Million Fees for Yield Basis – Crypto News Bitcoin News

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Key Takeaways Yield Basis processed $1.1 billion volume in Q1 2026, generating $12 million in fees from volatility. Bitcoin swings drove $436 million volume in two weeks, proving DeFi can monetize market turbulence. Yield Basis TVL hit $180 million as demand grows, pointing to fee-based DeFi models ahead. Market Turbulence Fuels $1.1 Billion Volume on Yield Basis Bitcoin’s sharp price swings in early 2026 proved challenging for many investors, but for one DeFi protocol, volatility became a source of revenue. Yield Basis, a liquidity platform built on Curve Finance infrastructure,…

Crypto ETFs See Broad Inflows Led by $412 Million Bitcoin Surge – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin ETFs drew $411.5 million, led by Blackrock IBIT, signaling a strong market-wide rebound. Ether ETFs added $53.03 million with Fidelity FETH leading, extending 4-day inflow streak. XRP gained $11.2 million and Solana $1.27 million, suggesting broader risk appetite may continue. Bitcoin, Ether ETFs Rally With Strong Inflows Across Board The market did not hesitate. After a shaky start to the week, capital returned with conviction, lifting every major crypto ETF segment in a coordinated move higher. Bitcoin ETFs led the rally, recording a substantial $411.5 million in…

Rakuten Wallet Adds XRP, Giving 44 Million Users Broader Crypto Access – Featured Bitcoin News

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Key Takeaways: Rakuten enables 44 million users to buy XRP and convert it for spending at 5 million merchant locations. Platform unlocks $23 billion in Rakuten Points, creating a major new on-ramp into XRP adoption. Japan’s Rakuten ecosystem signals broader crypto payments growth beyond 100 million users. XRP Integration Into Rakuten Wallet Payments Ecosystem Large-scale payment ecosystems are increasingly embedding digital assets as practical financial tools within everyday commerce. Ripple’s Senior Ecosystem Growth Manager, Tatsuya Kohrogi, outlined a new rollout involving Rakuten Wallet on April 13, centered on integrating XRP…

Bitcoin ETFs See $291 Million Outflow as Ether Gains $9 Million – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin ETFs saw $291.11 million outflows led by Fidelity FBTC, signaling renewed caution. Ether ETFs gained $9.44 million as ETH transactions rose 41% to 3.6 million, hinting at growing activity. XRP added $1.46 million while Solana saw no flows, suggesting selective demand for altcoin ETFs. Ether Attracts Inflows as Bitcoin Begins New Week in the Red The week opened on uneven ground. Momentum, so evident just days ago, quickly gave way to renewed selling pressure in bitcoin ETFs, even as other corners of the market showed resilience. Bitcoin…