Ethereum Spot ETFs See $152M Outflows Amid Grayscale ETHE’s $346M Loss on Day 3
Posted inEthereum Trending

Ethereum Spot ETFs See $152M Outflows Amid Grayscale ETHE’s $346M Loss on Day 3

July 26, 2024
US-based spot Ethereum exchange-traded funds (ETFs) experienced mixed flows on their third day of trading, mainly due to significant outflows from Grayscale’s Ethereum Trust. Seven of the eight newly launched spot Ether ETFs saw $152m in combined outflows on day three, according to SoSoValue data. BlackRock’s iShares Ethereum Trust ETF and Grayscale’s Ethereum Mini Trust ... Read more
Senator Withdraws Support for Elizabeth Warren’s Crypto Anti-Money Laundering Bill
Posted inCrypto Blockchain

Senator Withdraws Support for Elizabeth Warren’s Crypto Anti-Money Laundering Bill

July 26, 2024
In a notable shift within U.S. legislation, Senator Roger Marshall, a Republican from Kansas, has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a bill he co-authored with Democratic Senator Elizabeth Warren. This move, recorded on July 24, poses a significant setback for the bill, which seeks to strengthen anti-money laundering (AML) ... Read more
Ledger Celebrates Tenth Anniversary with Launch of ‘Ledger Flex’ and New App
Posted inCrypto Blockchain

Ledger Celebrates Tenth Anniversary with Launch of ‘Ledger Flex’ and New App

July 26, 2024
Crypto hardware firm Ledger has announced the release of its latest product, the Ledger Flex wallet, in celebration of its tenth anniversary. This marks the company's second major product launch this year. Ledger, a French unicorn valued at $1.4 billion, is renowned for its hardware cryptocurrency wallets. The new Ledger Flex wallet is priced at ... Read more
Robert F. Kennedy Jr. Reaffirms Strong Commitment to Bitcoin at Major Conference
Posted inBitcoin Trending

Robert F. Kennedy Jr. Reaffirms Strong Commitment to Bitcoin at Major Conference

July 26, 2024
Independent U.S. presidential candidate Robert F. Kennedy Jr. has reiterated his unwavering support for cryptocurrencies at the Bitcoin Conference 2024 in Nashville, just ahead of Republican nominee Donald Trump’s scheduled appearance at the same event. RFK Jr. Pledges Full Commitment to Bitcoin at Bitcoin Conference 2024 "I am a huge supporter of Bitcoin. Most of ... Read more
Kbit Advises Investors to Stay in Crypto for Greater Returns Amid ETF Surge
Posted inAltcoin

Kbit Advises Investors to Stay in Crypto for Greater Returns Amid ETF Surge

July 26, 2024
Quantitative fund Kbit believes that greater returns lie within the digital asset space itself, as hedge funds turn to traditional strategies like the basis trade to capitalize on the recent surge of crypto ETFs. “The larger opportunities, higher return opportunities are in the crypto native markets,” said Ed Tolson, founder and CEO of Kbit, during ... Read more
Bitcoin Price Prediction: BTC Surges to $67,000 on Marathon Digital’s $100M Acquisition
Posted inBitcoin Trending

Bitcoin Price Prediction: BTC Surges to $67,000 on Marathon Digital’s $100M Acquisition

July 26, 2024
Bitcoin (BTC), the leading cryptocurrency, has reversed its recent bearish trend, regaining bullish momentum and trading above the $67,000 level. The positive movement has driven Bitcoin to an intraday high of $67,340, reflecting increased market interest and bullish sentiment, further supported by a 5% increase in the last 24 hours. Marathon Digital’s $100 Million Bitcoin ... Read more
Jersey City’s Municipal Pension Fund to Invest in Bitcoin ETFs
Posted inBitcoin Trending

Jersey City’s Municipal Pension Fund to Invest in Bitcoin ETFs

July 26, 2024
Jersey City's municipal pension plan, known as the Employees Retirement System of Jersey City, is set to invest in Bitcoin through exchange-traded funds (ETFs). Mayor Steven Fulop announced the plans on X, highlighting the increasing acceptance and permanence of cryptocurrencies in the financial landscape. Fulop emphasized that the debate over the viability of Bitcoin and ... Read more
Top Cryptos to Buy Now: Aave, SATS, Tron on July 25
Posted inAltcoin

Top Cryptos to Buy Now: Aave, SATS, Tron on July 25

July 25, 2024
Amid losses in major cryptocurrencies due to the tech-led decline in US equity markets, a steepening US yield curve, and unexpected rate cuts in China, investors are seeking the best cryptocurrencies to buy now to capitalize on the current market turbulence. Bitcoin (BTC) recently traded just below $65,000, down around 1% for the session. The ... Read more
Bitfarms Adopts New ‘Poison Pill’ Strategy After Tribunal Sides with Rival Riot Platforms
Posted inBlockchain

Bitfarms Adopts New ‘Poison Pill’ Strategy After Tribunal Sides with Rival Riot Platforms

July 25, 2024
Bitfarms, a leading Bitcoin mining company, has introduced a new 'poison pill' strategy in response to the Ontario Capital Markets Tribunal's decision to terminate its previous plan aimed at preventing a hostile takeover by Riot Platforms. The tribunal's ruling comes amid an escalating battle between the two firms, with Riot aggressively seeking control over Bitfarms. ... Read more
BlackRock at Bitcoin 2024: Bitcoin ETFs Outpace Ethereum ETFs in Investor Demand
Posted inBitcoin Ethereum Trending

BlackRock at Bitcoin 2024: Bitcoin ETFs Outpace Ethereum ETFs in Investor Demand

July 25, 2024
Robert Mitchnick, BlackRock’s head of digital assets, noted that Bitcoin ETFs are currently attracting more investor interest than Ethereum funds. At the Bitcoin 2024 conference in Nashville, expected to draw 20,000 crypto enthusiasts, discussions highlighted the popularity of exchange-traded funds offering exposure to major cryptocurrencies like Bitcoin and Ethereum. Spot Ethereum ETFs are the latest ... Read more