The U.S. Securities and Exchange Commission (SEC) has asked a New York court to reject Coinbase’s subpoena, which seeks to compel the agency to produce documents related to crypto assets. The SEC described them as covering “essentially all documents that in any way relate to crypto assets.” SEC Opposes Coinbase’s Subpoena Request The motion filed on […]
Capula Investment Management LLP, one of Europe’s largest hedge funds, informed that it holds $464 million in shares of spot Bitcoin ETFs from BlackRock and Fidelity. Capula’s disclosure contributes to institutional investors’ rising interest in U.S. spot Bitcoin ETFs. Capula’s Spot Bitcoin ETF Shares A filing with the U.S. Securities and Exchange Commission on August […]
BlackRock has been proving the pundits wrong amid claims that there has been little or no demand for spot Ethereum’s ETFs, The asset manager’s ETHA ETF took another $108.4 million in daily inflows on Aug. 6. This comes in the same week that the underlying asset devalued by around 25%. On “crypto black Monday,” the […]
U.S. spot Ethereum ETFs had a positive day of inflows following a massive market crash that sent the asset tumbling 23% in less than 24 hours. On August 5, the aggregate inflow for the nine newly launched spot ETH ETFs was $49 million, its second-highest inflow day since the funds started trading. Additionally, it is […]
Aave, a decentralized finance (DeFi) protocol, has demonstrated resilience in the face of a general crypto market downturn. The platform has generated $6 million in revenue amid the current market sell-off. Aave Withstands Market Turmoil Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress […]
The Australian Federal Police (AFP) has uncovered that over 2,000 cryptocurrency wallets owned by locals were compromised by offshore scammers, putting millions of dollars in digital assets at risk. This discovery emerged from Operation Spincaster, a global initiative against crypto fraud spearheaded by Chainalysis and locally managed by the AFP-led Joint Policing Cybercrime Coordination Centre […]
Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity. In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months. Bitcoin Buying Opportunity, Says […]
A recent report by Galaxy Research has raised concerns about the long-term sustainability of Bitcoin Layer-2 (L2) scaling solutions, particularly rollups, which have gained popularity as a means to keep transactions cheap, fast, and decentralized. Despite the initial promise, the report suggests that these solutions may face economic challenges due to the inherent limitations and […]
The world’s second-largest crypto asset has tanked a whopping 23% in less than 24 hours, despite the launch of America’s first spot Ethereum exchange-traded funds last month. Ethereum prices plummeted from around $2,900 in late trading on Sunday to bottom out at $2,240 during the Monday morning Asian trading session. It is the lowest price […]
Bitcoin’s price troubles seem to have no ending as the asset kept plunging on Monday morning and fell to its lowest price position since late February of $53,000. This means that BTC has lost about $17,000 since last Monday, making it one of the worst weekly performances in its 15-year history. CryptoPotato has repeatedly reported […]