Fri, October 16

VanEck’s Bitcoin ETF Volume Surge Linked to High-Frequency Trading

Some market observers were caught off guard last week by the sudden explosion in daily activity of VanEck’s spot bitcoin ETF. The relatively new investment product recorded more than $400 million in trading volume, a gain of almost 1,400% compared to the second most active day of the exchange-trade fund.

February 26, 2024 1 min read

MicroStrategy Buys More Bitcoin, Boosts Its Holdings to 193K BTC

MicroStrategy, a business intelligence software company, announced on Monday that it has purchased another 3,000 bitcoins for about $155 million, bringing its total bitcoin holdings to 193,000 BTC. The company’s executive chairman and co-founder, Michael Saylor, said that the company and its subsidiaries now own nearly $10 billion worth of

February 26, 2024 2 mins read

Pre-Halving Effect Reflected in Bitcoin’s Current Price: JPMorgan

Bitcoin is expected to undergo its fourth halving in April 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC, making new coins scarcer and more valuable. Amidst this, JPMorgan said that its upcoming halving in April 2024 is already factored into its price, and that a

February 24, 2024 2 mins read

Riot Platforms Posts $281 Million Revenue from Bitcoin Mining in 2023 

Riot Platforms, a vertically integrated Bitcoin mining and data center hosting firm, reported record revenue of $280.7 million for the year ended December 31, 2023, according to its annual report.  Riot Platforms saw an 8% increase in its total revenue from $259.2 million in 2022 to $280.7 million in 2023.

February 24, 2024 2 mins read

JPMorgan Attributes Recent Crypto Surge to Retail Trader Impulse

According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that

February 23, 2024 2 mins read

Pyth Network Introduces Real-Time Bitcoin ETF Price Feeds

The Pyth Network has introduced its Bitcoin ETF Price Feeds to provide DeFi developers and consumers with real-time, reliable pricing data for 13 Bitcoin exchange-traded funds. For the cryptocurrency sector, the introduction of Bitcoin ETFs this year marked a major turning point. The world’s biggest cryptocurrency is now accessible to mainstream

February 21, 2024 4 mins read

VanEck’s Spot Bitcoin ETF Sees Massive Surge in Volume After Fee Reduction

A huge increase in trading volume occurred in VanEck’s fund less than seven days after the investment manager said it would be reducing the fee it charges for its spot bitcoin ETF. Eric Balchunas, a senior ETF analyst at Bloomberg, went to twitter to share his astonishment at the fund’s

February 21, 2024 1 min read

Mastercard Collaborates with Swoo Pay to Offer Crypto Loyalty Rewards

Mastercard, a payments behemoth, is collaborating with Swoo Pay, a mobile payments service that focuses on developing countries, to provide loyalty benefits in crypto. Major payment networks such as Visa and Mastercard have long allowed users to earn digital currencies as a kind of incentive, similar to loyalty points. Not

February 20, 2024 1 min read

Bitcoin Consolidates as Bulls Strongly Hold Price Over $52K Level

There has been a dramatic change in the Bitcoin liquidity scenario, especially on U.S cryptocurrency exchanges. The advent of exchange-traded funds (ETFs) in the U.S is largely responsible for the dramatic increase in liquidity shown in recent statistics. The liquidity dynamics of Bitcoin have changed significantly, with US-based crypto exchanges

February 20, 2024 2 mins read

Crypto Funds Weekly Inflows Reach $2.5B, Ether Tops Altcoin Investment

According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion

February 20, 2024 1 min read