Starting the week on a strong note, the U.S Spot Bitcoin ETF space seems to be maintaining its momentum. After recording three days of outflows last week, the U.S Spot Bitcoin ETF has seen an inflow of approximately $170 million during the first two days of this week. On the
Amidst a struggling crypto market, bitcoin whales have made astounding movements. In the early hours of May 15th, a whale transferred 7999 BTC from Coinbase to an unknown new wallet. The whale movement of Bitcoin worth $494 million at the time of writing has raised questions on strategy among investors.
El Salvador continues to solidify its position as a leading Bitcoin-centric nation, showcasing impressive strides in both Bitcoin mining and green energy initiatives. Recent reports indicate that the country has significantly bolstered its Bitcoin reserves, with the latest figures revealing a substantial increase. According to records, El Salvador has mined
The record achievement of Galaxy Digital Holdings’ mining operation during Q1 contributed to the company’s increased revenue and earnings, which were driven by the surge in crypto prices. The financial services company led by Michael Novogratz that specializes in digital assets said on Monday that its net income for the
The first quarter of 2024 was a record-breaking one for European asset management CoinShares, thanks to the rebound in markets after the introduction of Bitcoin ETFs. The period’s revenue for the firm was 19.5 million pounds ($24.5 million), up 216% from the first quarter of 2023. There was a total
Michael Novogratz, CEO of Galaxy Digital, has expressed pessimism about the short-term future of Solana, Ethereum, and Bitcoin. While adoption from more conventional investors increases, Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter on a May 14 conference call. Following last week’s corrections that saw Bitcoin’s price
Investments in Grayscale and BlackRock’s spot Bitcoin exchange-traded funds were disclosed by the State of Wisconsin Investment Board (SWIB). The entity in charge of the management of the state trust funds in Wisconsin revealed in a filing with the U.S SEC on May 14 that it owned over 2.4 million
Spot bitcoin exchange-traded funds (ETFs) in the United States witnessed a notable uptick in total net inflows, reaching nearly $66 million in a single day. This surge propelled the cumulative total net inflow of these products since their listings to an impressive $11.75 billion. Leading the charge was Fidelity’s offering,
The Bitcoin Runes protocol, hailed as a game-changer for faster and cheaper transactions, has seen a significant decline in activity and fee revenue since its much-anticipated launch following Bitcoin’s fourth halving. Despite an explosive start, with over 85,000 token issuances and $3 million in fees within its first 10 days,
The UK elections scheduled to happen later this year, are expected to maintain currents in the crypto sector. Industry stakeholders and Government officials have made statements on the UK’s approach to crypto. Amidst the crypto tug-of-war in the US Elections, the UK has steered clear of controversies. The country has
