The BlackRock iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone by generating more annual fee revenue than the firm’s flagship S&P 500 tracker, despite being much smaller in size. The crypto fund generates an estimated $187.2 million in annual fees from its $75 billion in assets with a 0.25% expense ratio. In contrast, the […]
Ripple Labs is applying for a national banking license as part of efforts to enhance trust in its RLUSD stablecoin. The move comes as other crypto companies also turn to regulation to build credibility. A New Industry Benchmark? Ripple CEO Brad Garlinghouse confirmed on Wednesday via X that the company is applying for a license […]
Apart from the substantial inventory in the leading cryptocurrency, the document also shows that the company purchased $30M in USDC, which it intends to use for future Bitcoin buys. The market expects this to be yet another highly anticipated IPO for 2025, after a failed acquisition by Adobe a few years ago. Cloud-Based Platform With […]
On July 1, U.S. spot Bitcoin ETFs experienced a significant net outflow of approximately $342 million, marking a sharp reversal in investor sentiment. This shift is marked by the first outflow since June 6, and interrupted a period of sustained demand that had pushed cumulative net inflows to about $49 billion and total ETF assets […]
Corporate treasuries have surpassed ETFs for Bitcoin purchases for a third consecutive quarter. Around 131,000 BTC was accumulated by public companies in the second quarter, growing their Bitcoin balance by 18%. Meanwhile, ETFs accumulated 111,000 BTC with an 8% increase over the same period, according to Bitcoin Treasuries. More companies are “trying to benefit from […]
Ethereum is “getting its own MicroStrategy era,” said former developer Eric Conner on X on Tuesday, drawing comparison to the world’s leader in corporate Bitcoin accumulation: Michael Saylor’s Strategy. The developer highlighted two “live experiments” of companies that have already started Ethereum treasuries, Tom Lee’s BitMine and Joe Lubin’s SharpLink. These two could be the […]
The REX-Osprey Solana Staking ETF will be launched on July 2 under the ticker SSK as the first US ETF allowing investors to earn rewards by staking Solana tokens to validate blockchain transactions. The new yield-chasing crypto fund tracking Solana has been cleared for debut, according to Bloomberg, citing a person familiar with the matter. […]
Spanish authorities, supported by Europol and law enforcement from Estonia, France, and the United States, have dismantled a major cryptocurrency investment fraud network responsible for laundering €460 million, worth almost $540 million, stolen from over 5,000 victims across the world. On June 25th, the Guardia Civil arrested five individuals, three on the Canary Islands and […]
The report, carried out by the Hana Financial Research Institute, a research firm specializing in financial markets and economic trends, analyzes current investor tendencies and future intentions. Of the participants in the survey, 27% reported that they own crypto, with the average investment being around $10 million won (just shy of $7.4k), which accounts for […]
Traders are bracing for potential selling pressure as early investors and project treasuries gain access to massive, previously locked holdings. Data from the Tokenomist website shows that over $484 million worth of tokens are scheduled to hit the crypto market this week, in one-time releases and significant daily unlocks. Details of Token Unlocks According to […]