U.S. Bitcoin spot ETFs have absorbed $12.3 billion of net inflows since launching three months ago. Just how much have they impacted the broader Bitcoin market? Lead Glassnode analyst James Check provided analysis on Wednesday measuring the effect of Bitcoin ETFs next to the asset’s existing futures and spot markets – using on-chain data. Grayscale […]
The United States Securities and Exchange Commission (SEC) has postponed its decision on the New York Stock Exchange’s proposal to introduce option trading on spot Bitcoin exchange-traded funds (ETFs). Grayscale Bitcoin Trust and Bitwise Bitcoin ETF are directly affected since they hold BTC on the NYSE. SEC Delays Decision on Spot BTC ETF Options Trading […]
The boss of America’s largest crypto mining firm, Marathon, said that spot Bitcoin ETF approvals had brought forward what would otherwise have been the post-halving rally. “I think the ETF approval, which has been a huge success, has attracted capital into the market and essentially brought forward what could have been the price appreciation we […]
The core technical team behind the Filecoin-based STFIL protocol said that they are under investigation by Chinese authorities. Over the past couple of days, there have been unforeseen updates to the protocol, along with funds transfers to different addresses. Mysterious Token Transfers and Upgrades The news came out in a public post by STFIL Protocol […]
Monday, April 8, saw an aggregate outflow of $224 million from the newly launched eleven spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows, during which a total net of $570 million flowed into the institutional investment products. This week’s outflow was again exacerbated by Grayscale, which saw […]
DOGE’s price has been consolidating within a narrow trading range, around $0.20. This is a crucial psychological level that the asset surpassed two weeks ago. The last time DOGE was priced above this level was in November 2021. In terms of metrics, DOGE is throwing mixed numbers. The price on the monthly scale is up […]
Polkadot appears to be bustling with activity, which is evident from the record-breaking number of active addresses on the blockchain and other metrics that depicted a bullish case. According to the latest stats by ‘Parity Data,’ Polkadot accumulated over 605,200 active addresses. Nearly half of them, around 248,000 out of 605,000, are associated with Moonbeam, […]
Toncoin hit an all-time high of $6.50 on April 9, following a monumental 20% gain on the day, outperforming every other crypto asset in the top 50. The big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Cardano, which is still languishing more […]
Another busy week is shaping up on the US economic calendar with key inflation data and the minutes from the March Federal Reserve meeting. Core Consumer Price Index (CPI) figures are due out, and market participants eagerly await them as they are a leading inflation indicator. Additionally, the Q1 2024 earnings season kicks off on […]
The Southern District of New York announced that Irina Dilkinska was sentenced to four years in prison by US District Judge Edgardo Ramos for her involvement in the extensive OneCoin fraud scheme. Dilkinska served as OneCoin’s former legal and compliance officer who was caught and extradited from Bulgaria to the United States in March 2023. […]