Category: Latest news

[ad_1] Bloomberg analyst Eric Balchuna questioned the veracity of a Matrixport report that claimed that the Securities and Exchange Commission (SEC) might reject several pending applications for a spot Bitcoin ETF. “At this point, saying SEC rejecting it isn’t just going against James Seyffart and I like it was in the early days, now you…

[ad_1] Inflows into crypto-related investment products increased 170% year-on-year to $2.2 billion last year from the $816 million recorded in 2022, according to CoinShares data shared by its head of research James Butterfill, on social media platform X (formerly Twitter). The increase reflects the resurgence of the burgeoning crypto sector, fueled by remarkable rallies in…

[ad_1] Quick Take The digital asset market has witnessed Bitcoin’s significant fall in the past 24 hours, dropping from $45,000 to roughly $40,000, resulting in more than $660 million being liquidated, according to Coinglass. This plunge has brought into focus on the margin used for the open interest in futures contracts. It is noteworthy that…

[ad_1] Quick Take As the digital asset world anticipates the forthcoming approval of Bitcoin ETFs, Grayscale’s Bitcoin Trust (GBTC) is experiencing significant fluctuations in its trading volume. GBTC saw its second-largest trading day volume in the past 12 months on Jan. 2, 2023, registering $338 million. Interestingly, this figure pales compared to the trading volume…

[ad_1] Crypto exchange Binance’s market share experienced a significant decline last year to 44.5%, according to data from Paris-based crypto intelligence platform Kaiko. This decline follows a three-year upward trend, where Binance’s market share surged from 22% in 2020 to peak at 60% in 2022. However, the subsequent regulatory hurdles across several jurisdictions contributed to…

[ad_1] The U.S. Securities and Exchange Commission (SEC) might end up rejecting all applications for a spot Bitcoin exchange-traded fund (ETF) because “they fall short of a critical requirement,” digital asset management firm Matrixport wrote in a Jan. 3 note. This comes a day after Matrixport said Bitcoin could pump to $50k before the weekend.…

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[ad_1] Quick Take The US national debt has recently hit an unprecedented landmark, crossing the $34 trillion mark. As reported by analyst Joe Consorti, the national debt has seen an alarming increment of $2.5 trillion in just six months, according to Consorti. In a broader timeframe, an addition of approximately $10.5 trillion in the past…

[ad_1] Quick Take Bitcoin has maintained a notable ascendancy over Ethereum throughout 2023, sustaining a performance that outstripped Ethereum each quarter. In Q1, Bitcoin’s value surge of 72% significantly overshadowed Ethereum’s 52% increase. The trend continued into Q2, with Bitcoin and Ethereum growing at 7% and 6% respectively. While both experienced a downturn in Q3,…

[ad_1] Decentralized finance (DeFi) lending protocol Radiant Capital temporarily paused its operations on the Ethereum layer2 network Arbitrum after it was exploited for 1,900 ETH, or $4.5 million. In a Jan. 3 post on social media platform X (formerly Twitter), the cross-chain lending protocol confirmed that it received a report of an issue with its…