In simple terms, over the past five days, investors have been withdrawing money from Bitcoin ETFs in the US market, suggesting a decline in confidence or interest. Yesterday saw a withdrawal of approximately $4.38 million from spot Bitcoin ETFs and an impressive $89.99 million from Grayscale’s GBTC fund, contributing to its record total outflow of … Read more
Bitwise’s CEO, Hunter Horsley, highlighted the quiet but significant increase in Bitcoin (BTC) use among registered investment advisors (RIAs) and multi-family offices. He also emphasized that this adoption by financial institutions tends to be discreet. Bitwise CEO Highlights Growing Bitcoin Adoption Many RIAs and multi-family offices are currently purchasing bitcoin in secret, according to a … Read more
In a few hours, Bitcoin‘s reward for mining will be reduced from 6.25 BTC to half that amount. This event, called a halving, is significant and often results in heightened interest in Bitcoin. Additionally, the period following a halving is an important moment for crypto investors to consider their holdings. The cryptocurrency market is on … Read more
In a recent post on X, Frederik Gregaard, the CEO of the Cardano Foundation, discussed the upcoming developments toward a decentralized governing system. He highlighted the implementation of an interim constitution as a significant step forward in this process. This move comes before the expected Chang fork, which will usher in the Voltaire phase on … Read more
Ethereum (ETH), the second-largest digital currency by market cap, is now making waves beyond this role as it outperforms certain companies in the S&P 500 using a distinctive measure. As per recent data from crypto analysis firm Token Terminal, Ethereum holds the 16th position for buyback yield. Based on the provided list, Ethereum surpasses companies … Read more
In a recent online debate, someone brought up the question of David Schwartz’s loyalty in the XRP community. As Ripple‘s Chief Technology Officer and a significant contributor to the XRP Ledger’s development, Schwartz’s allegiance was called into question by a community member. They argued that his primary loyalty lies with Ripple Labs rather than the … Read more
In the ever-changing landscape of cryptocurrency, meme coins have become a popular phenomenon, generating significant interest among investors. This year alone, there has been a surge in activity within the meme coin market, with coins such as WIF and BODEN making waves alongside more recognized names like Dogecoin and Shiba Inu. Lately, a notable change … Read more
Excitingly, after Bitcoin, Ethereum, and the wider crypto market experienced turbulence due to intensifying geopolitical conflicts between Israel and Iran, causing widespread concern, the cryptocurrency sector experienced a bounce-back today. This rebound has ignited significant curiosity around the world. During this period of recovery, a large Ethereum investor transferred massive amounts of ETH for staking … Read more
In a recent blog entry, Ray Dalio hinted at potential support for Bitcoin’s growing value based on the information he presented. According to Dalio, there are two essential functions of money: serving as a medium for exchange and providing a safe haven for wealth accumulation. Currently, the frontrunners in this regard include the US dollar, … Read more
The upcoming Bitcoin halving, which is expected to occur in a little over a day, has created a sense of anticipation and uncertainty within the cryptocurrency community. Some believe that this event could lead to positive outcomes for Bitcoin, while others are more cautious and hesitant about its potential impact on the market. As industry … Read more