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
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
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
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
Coinbase Prime Transfers $262.4M in Ethereum to BlackRock ETH ETF Amid SEC Approval of Ethereum ETFs
Posted inEthereum Trending

Coinbase Prime Transfers $262.4M in Ethereum to BlackRock ETH ETF Amid SEC Approval of Ethereum ETFs

July 25, 2024
BlackRock iShares Ethereum ETF wallet has reportedly received $262.4 million in ETH from Coinbase Prime on Wednesday, according to Lookonchain. The large transfer reflects BlackRock’s strategic interest in expanding its Ethereum through its ETF offerings. BlackRock now holds 79,699 ETH ($277 million) within two days of its launch. The US Securities and Exchange Commission (SEC) ... Read more
Senator Cynthia Lummis to Propose Bitcoin Reserve Bill at Bitcoin Conference: Fox Business
Posted inBitcoin Trending

Senator Cynthia Lummis to Propose Bitcoin Reserve Bill at Bitcoin Conference: Fox Business

July 25, 2024
Pro-crypto Republican Senator Cynthia Lummis is preparing to unveil new legislation that would establish Bitcoin as a mainstream financial asset. Lummis has been discreetly working on a bill that would mandate the Federal Reserve to hold Bitcoin as a strategic reserve asset, Fox Business reported, citing three crypto executives familiar with the matter. Insiders suggest ... Read more
Bitcoin Price Falls to $64K Due to Mt. Gox Disbursement and Ethereum ETF Outflows
Posted inBitcoin Analysis Trending

Bitcoin Price Falls to $64K Due to Mt. Gox Disbursement and Ethereum ETF Outflows

July 25, 2024
Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, struggled to maintain its early-day gains, falling to around $64,020, with an intra-day low of $63,904. It briefly touched $67,000 in the morning but couldn’t sustain it, dropping below $64,000. This decline is influenced by ongoing Mt. Gox repayments to creditors, which are increasing market supply ... Read more
Hemi Labs Unveils L2 Hemi Network to Bridge Bitcoin and Ethereum at Bitcoin 2024 Conference
Posted inEthereum Trending

Hemi Labs Unveils L2 Hemi Network to Bridge Bitcoin and Ethereum at Bitcoin 2024 Conference

July 24, 2024
Hemi Labs has announced the launch of its Hemi Network, a modular layer-2 (L2) blockchain network designed to enhance scaling, security, and interoperability between Bitcoin and Ethereum. This network will debut at the Bitcoin 2024 conference in Nashville, Tennessee, USA, this month. The founders of Hemi Labs, early Bitcoin core developer Jeff Garzik and blockchain ... Read more
Riot Platforms Acquires Block Mining for $92.5M, Expanding Capacity to 2 GW
Posted inBitcoin Trending

Riot Platforms Acquires Block Mining for $92.5M, Expanding Capacity to 2 GW

July 24, 2024
On July 24, Riot Platforms announced the acquisition of Block Mining for $92.5 million, significantly enhancing its operational capacity and geographical reach. Riot Platforms Expands to 2 GW Capacity with Block Mining Acquisition Riot Platforms has expanded its operational capacity and geographical footprint by acquiring Block Mining for $92.5 million. The acquisition, announced on July ... Read more