According to a recent report by Kaiko, Bybit has surged to become the world’s second-largest cryptocurrency exchange by volume, overtaking Coinbase and closely trailing Binance. This climb is attributed to significant increases in market share following the launch of spot bitcoin exchange-traded funds (ETFs) in the United States. Bybit Climbs Crypto Exchange Ladder The report […] Source
With just months left until the 2024 U.S. election, former President Trump is looking to cement a potentially key group: the crypto community. According to Axios, Trump is in talks with an eye on speaking at the Bitcoin 2024 convention, which is expected to take place from July 25th – 27th, 2024, in Nashville, Tennessee. Axios reported this on Monday, citing two sources familiar with the development. Trump and his growing Bitcoin, crypto-friendly stance Bitcoin Magazine’s Bitcoin 2024 event is the largest BTC event of the year and it takes…
The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, […] Source CryptoX Portal
The Commodity Futures Trading Commission (CFTC) has initiated an inquiry into the cryptocurrency activities of Chicago-based Jump Trading, according to a report by Fortune’s Leo Schwartz. This investigation forms part of a larger regulatory review, though it does not suggest any wrongdoing by the firm. Jump Trading Under CFTC Scrutiny Jump Trading, noted for its […] Source CryptoX Portal
Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction, according to the latest analysis from Cryptoquant researchers. Cryptoquant: […] Original
A new report by Coinmetrics, along with researchers Victor Ramirez, Matías Andrade, and Tanay Ved, delves into the complexities of crypto tokenomics. The report explores the intricate balance of token distribution, valuation, and market impact. Understanding FDV and Token Float: Key Insights From Coinmetrics In recent years, the launch Fully Diluted Valuations (FDVs) of crypto […] Source CryptoX Portal
The former president’s son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources. Source
A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies — and The State of Crypto report says they’re bullish on stablecoins too. Coinbase’s latest The State of Crypto report has landed — and as ever, it makes for interesting reading. The exchange’s research struck a bullish tone, and noted that ETFs based on Bitcoin’s spot price in the U.S. have mopped up “significant pent-up demand” by allowing investors to gain exposure to the world’s biggest cryptocurrency. Assets under management in these funds now stands…
Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make the price break its sideways trend. The spot ETFs, which the US Securities and Exchange Commission (SEC) approved in January of this year, have provided investors with an alternate means of gaining exposure to the…
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within the bitcoin ecosystem. Institutional Holdings: ETFs, Miners, Government, and Exchanges Control 4.23 Million Bitcoin According to Glassnode’s […] Original