Four US-listed spot Bitcoin ETFs have made a significant impact, ranking among the 20 ETFs with the highest assets under management (AUM) just one year after their launch. BlackRock’s IBIT emerged as the top performer, boasting over $52 billion in AUM and outshining nearly 4,000 other ETFs. Fidelity’s FBTC followed closely, securing the fourth spot … Read more
Four US-listed spot Bitcoin ETFs have made a significant impact, ranking among the 20 ETFs with the highest assets under management (AUM) just one year after their launch. BlackRock’s IBIT emerged as the top performer, boasting over $52 billion in AUM and outshining nearly 4,000 other ETFs. Fidelity’s FBTC followed closely, securing the fourth spot … Read more
The Trump Bitcoin Digital Trading Cards collection made its debut through the Ordinals protocol, with an initial drop of 160 NFTs. This launch marked the former president’s entrance into the world of Bitcoin-based NFTs. The collection leverages the Ordinals protocol, which inscribes data onto satoshis, the smallest unit of Bitcoin. The cards in this release, … Read more
Wintermute, a leading algorithmic trading firm, has become the first platform to offer over-the-counter (OTC) trading for BUIDL tokens. This strategic move aims to enhance accessibility and liquidity for institutional investors and venture backed projects, bridging the gap between traditional finance and the decentralized finance (DeFi) world. Addressing Institutional Demand The demand for BUIDL tokens, … Read more
After a challenging 2024, Cardano (ADA) has ignited investor enthusiasm with a remarkable price surge, climbing from $0.80 to $1.14 at press time. This resurgence has been particularly evident in the ADA/BTC pair, suggesting a growing preference for Cardano among investors. Grayscale’s Reinvestment Fuels ADA’s Momentum Adding fuel to the fire, Grayscale’s Digital Large Cap … Read more
Bitfinex Derivatives, the derivatives arm of the cryptocurrency exchange Bitfinex, has obtained a Digital Asset Service Providers (DASP) license in El Salvador. This approval will see the firm relocate its operations from Seychelles to the Central American nation. In a statement released on January 7th, Bitfinex Derivatives emphasized that this move aligns with its strategic … Read more
The long-running SEC vs. Ripple lawsuit has taken a dramatic turn, with a recent court ruling favoring Ripple and casting doubt on the SEC’s authority to classify XRP as a security. This landmark decision, while not entirely conclusive, has significantly impacted the cryptocurrency landscape and paved the way for potential growth in the XRP market. … Read more
PENGU, the meme coin recently crowned as Solana’s largest, has seen a sharp decline of around 10% in the past 24 hours. Despite gaining significant popularity, the asset’s momentum has begun to slow, and technical indicators suggest potential consolidation or further downside in the short term. RSI Points to Consolidation The Relative Strength Index (RSI) … Read more
Bitcoin is currently experiencing a period of short-term downward pressure, driven by a confluence of factors including a strengthening U.S. dollar, heightened market volatility, and shifting investor sentiment. Despite reaching a record high of over $108,000 in December, Bitcoin has seen a reversal in momentum. Joe McCann, founder and CEO of crypto investment firm Asymmetric, … Read more
Spot Bitcoin exchange-traded funds (ETFs) in the US gobbled up significantly more Bitcoin than miners produced in December 2024. ETFs amassed 51,500 BTC, according to data from Apollo and BiTBO. Miners only produced 13,850 BTC, highlighting strong ETF demand. This trend suggests there’s not enough supply to meet demand at current prices. Bitcoin ETF Inflows … Read more