Fidelity’s spot Ether ETF led the pack with $115.5 million worth of inflows on Nov. 11, while BlackRock, Grayscale and Bitwise’s Ether ETFs also saw inflows. The United States spot Ether exchange-traded funds (ETFs) recorded their biggest day of inflows in history, as the crypto market continues to rally afterContinue Reading
If the crypto market were a country, it would be the eighth-biggest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France. Crypto market capitalization has reached a new all-time high of $3.12 trillion — close to surpassing France’s gross domestic product (GDP). OnContinue Reading
The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device. The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’sContinue Reading
The Republicans will have total control of the executive branch and all of Congress after the GOP was projected to keep a majority in the House. The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in theContinue Reading
Donald Trump’s win in the United States presidential election may not be the “main story” driving the Bitcoin price rally, says Onramp Bitcoin co-founder Jesse Myers. Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead toContinue Reading
Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment. Shares in China-based crypto mining chip designer Nano Labs rose slightly after announcing it is now accepting Bitcoin as payment for its goods and services through a businessContinue Reading
The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000. Bitcoin’s 11% rally to $89,500 on Nov. 11 has pushed United States spot Bitcoin exchange-traded funds (ETFs), MicroStrategy Inc (MSTR) and Coinbase Global Inc (COIN) to a record $38 billionContinue Reading
The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date. Cryptocurrency investors maintained strong interest in digital investment products last week, driven by post-election market momentum. Crypto investment products saw $1.98 billion inContinue Reading
A long-dormant string of code called OP_CAT could be the secret to unlocking the true potential of Bitcoin for DeFi and see it surge past Ethereum DeFi in the future. A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new functionalityContinue Reading
The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end. On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins over to John Ray, who immediately filed for Chapter 11 bankruptcy protection in the UnitedContinue Reading
Sam Trabucco left Alameda Research months before the FTX collapse and kept his head down — probably on his yacht Soak My Deck. FTX, FTX Digital Markets and former Alameda Research co-CEO Sam Trabucco have reached a settlement agreement in the United States Bankruptcy Court for the District of Delaware.Continue Reading
Consumer-facing blockchain applications with intuitive user experiences could bring more mainstream cryptocurrency users. The Conflux Foundation plans to invest $500 million to support the growth of PayFi, short for Pay Finance, a Web3 payments solution. Conflux’s $500 million investment will come from its ecosystem fund and will go toward developingContinue Reading
Increasingly more analysts expect Bitcoin to breach the $100,000 mark before the end of 2024 as investor appetite was bolstered by Trump’s presidential victory. Bitcoin is trading in uncharted territory, potentially approaching the six-figure price tag for the first time in history following Donald Trump’s victory in the United StatesContinue Reading
California revokes BlockFi’s license amid bankruptcy, Caroline Ellison is sentenced, Crypto.com faces scrutiny in Poland, and Senator Cynthia Lummis supports Trump’s Bitcoin reserve proposal. United States Senator Cynthia Lummis expressed support for President-elect Donald Trump’s proposal for a Bitcoin (BTC) reserve after Trump won the 2024 US presidential elections onContinue Reading
Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve. Bitcoin (BTC) price entered a strong price discovery phase for the first time since December 2020, after its weekly chart closed above $80,000. BTC’sContinue Reading