Vaibhavv Ali
Hong Kong’s cryptocurrency ETFs are facing challenges and struggling to replicate the success seen by their US counterparts, which currently hold $55 billion in assets. Despite initial enthusiasm, the debut of crypto ETFs in Hong Kong has been disappointing. Six Bitcoin and Ether ETFs in the region experienced a $25 million decrease in inflows, dropping … Read more
Mastercard’s recent announcement of its blockchain and digital asset program includes the selection of five innovative startups, marking a significant stride toward incorporating blockchain technology into the financial sector. These chosen startups will engage in collaborative efforts with Mastercard aimed at exploring and advancing blockchain applications, thereby expanding the scope of digital payments. Mastercard Promotes … Read more
Tether’s recent revelation that it holds more US Treasuries than Germany has sparked discussions about stablecoin regulation, as its influence in the digital assets realm grows. In the first quarter, Tether, the leading stablecoin issuer, reported a profit of $4.52 billion. Its financials as of March 31 revealed $91 billion in direct and indirect US … Read more
The institutional interest in Bitcoin (BTC) has reached unprecedented levels, as indicated by the latest 13F filings submitted by major financial institutions to the United States Securities and Exchange Commission (SEC). CoinShares data reveals that there are presently over 1,900 holders of US Exchange-Traded Funds (ETFs), with the average Bitcoin allocation in portfolios standing at … Read more
Lookonchain, an on-chain analytics platform, recently disclosed an intriguing transaction involving a crypto whale. On May 16, the whale initiated a transfer of 1,870.68 ETH from the cryptocurrency exchange Gemini to a newly created wallet. Subsequently, the whale utilized 1,870 ETH from this wallet to acquire 6 million ONDO tokens. This transaction has garnered considerable … Read more
Following the recent introduction of a spot Ethereum ETF in Hong Kong, OkLink, a prominent provider of blockchain data services, has expressed optimism regarding the potential approval of similar products for other leading blockchain protocols in the future. The firm believes that such developments could bolster Hong Kong’s appeal as a hub for crypto innovation … Read more
Lookonchain, a cryptocurrency analysis platform, has observed increased whale activity in certain altcoins recently. Analysts reported that a cryptocurrency whale purchased $4.3 million worth of Arbitrum (ARB) tokens hours ago at an average price of $1.03. This whale has been actively trading Arbitrum since July 18, 2023. The data reveals that the whale wallet has … Read more
Over the past 24 hours, the trading volume of Cardano (ADA) surged by approximately 41.95%, reaching $461.96 million, indicating a notable uptick in interest in the cryptocurrency. ADA has emerged as one of the beneficiaries of the recent cryptocurrency market rally. Charles Hoskinson, the founder of Cardano, celebrated ADA’s ascent by sharing a video highlighting … Read more
Binance, the world’s largest cryptocurrency exchange, is currently entangled in a multifaceted legal dispute with Nigerian authorities, who have leveled accusations of money laundering, tax evasion, and currency speculation against the exchange. At the heart of the controversy are two senior Binance executives: Tigran Gambaryan, who serves as the head of financial crime compliance, and … Read more
Over the past six months, investors who purchased the latest cryptocurrency listings on Binance, the leading cryptocurrency exchange, have experienced a collective decline of over 18%. This occurred despite a broader rally in the cryptocurrency market during the same period, as more than 80% of these tokens saw their values decrease post-listing. According to analysis … Read more