Crypto

Quick Take The rapid growth and success of Bitcoin ETFs, specifically the group termed the ‘Newborn Nine,’ excluding GBTC, is reshaping the dynamics of Bitcoin holdings. In just one month since their inception, according to Bitcoin website Apollo, these ETFs have outpaced MicroStrategy by acquiring 192,000 Bitcoins compared to MicroStrategy’s 190,000 in its corporate treasury. […]

EigenLayer, an Ethereum-based restaking protocol, has surged past Uniswap, the foremost decentralized exchange (DEX) on the Ethereum network, regarding total locked value (TVL). Data from DeFillama shows that EigenLayer has emerged as the top-performing decentralized finance (DeFi) protocol over the past month. Its TVL skyrocketed by 171% in the last seven days alone, reaching $5.67

Quick Take Farside Investors data shows that Bitcoin ETFs marked a significant inflow on Feb. 8 by posting $403 million in net inflows – the highest since Jan. 17. This rally also saw Bitcoin surmount the $46,000 threshold to peak at over $46,300. The bullish trend was considerable across various ETFs. According to Farside Investors,

Bitcoin surged past $46,000 for the first time since last month’s approval of multiple BTC exchange-traded fund (ETF) products by the U.S. Securities and Exchange Commission (SEC). CryptoSlate data shows that the leading cryptocurrency saw a 5% increase within the last 24 hours, peaking at nearly $46,500 as of press time. CryptoSlate Insight reported that

Bakkt Holdings said in a press release on Feb. 8 that it is “confident” it will continue operating despite expressing concerns earlier over its liquidity in a regulatory filing. Bakkt wrote that “management remains confident” and intends to continue serving clients and moving toward profitability. The exchange added that its filing with the SEC for

Several Republican senators have criticized the SEC’s recent mishandling of the DEBT Box case as “unethical” and raised questions about the watchdog’s regulatory approach under the leadership of chair Gary Gensler. The five senators said in a letter dated Feb. 7 that the SEC’s blunders in the case were “unacceptable” and raised several concerns about its

Finder’s latest survey of 40 crypto founders, executives, and educators reveals a bullish outlook for Bitcoin, projecting its value to increase significantly through 2030. The consensus among the panel suggests a positive trajectory for Bitcoin, predicting its value to rise to $77,423 by the end of 2024, $122,688 by 2025, and $366,935 by 2030. These

The U.S. Treasury Department said on Feb. 8 that its latest risk assessments show that virtual assets currently represent a small fraction of total money laundering flows compared to fiat currencies; however, they are becoming an increasing concern for regulatory and enforcement agencies. The regulator revealed the findings in its 2024 National Risk Assessments for

Quick Take The market for Bitcoin ETFs is witnessing an uptick in interest from institutional investors. BlackRock recently noticed an expansion in the holder list of its ETF, IBIT. The new entrants include Redwood Asset Management Inc. and Advisorshares Investments LLC, according to ETF Bloomberg analyst Eric Balchunas. This could potentially serve as a precursor for

In a significant legal turnaround, the Appellate Court of Montenegro issued a decision on Feb. 7, 2024, overturning the previous ruling of the High Court in Podgorica concerning the extradition of Terraform Labs founder Hyeong Do Kwon. The court’s decision was announced in a press release published on Feb. 8. The case, marked by international