Nearly 1,000 U.S. corporations have purchased Bitcoin exchange-traded funds (ETFs), contributing to Bitcoin’s surge in volumes among its new institutional investment products. Daily spot Bitcoin volumes surpassed $5 billion, according to data published to X on May 16 by research company Santiment. Since Bitcoin reached a record high of $73,800,
Velar, a leading Bitcoin DeFi inventor, has announced a partnership with Bitlayer to launch Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. Expanding the potential of decentralized finance operating on Bitcoin rails, the creation of a PerpDex hosted on Bitcoin infrastructure will open up new trading
Bitcoin (BTC) price is experiencing pressure to maintain the key support level at $65,390. It is crucial for the price to remain above this support level to sustain the bullish trend, which targets the $70,000 level. It is essential to maintain this support level for the continuation of the upward
In response to a change in the bitcoin mining hashrate, JPMorgan has raised its primary estimate of the cost to produce one bitcoin from $42,000 to $45,000. After the halving, the crypto community expected the hashrate to fall sharply as miners who couldn’t make a profit would leave the network.
Expectations for spot Ethereum ETFs have gotten significantly low in the community as Ethereum’s market performance continues to lag behind the majority of its peers. Meanwhile, although the price dropped 4% in the past 24 hours, the Render price predictions might show signs of recovery, as trading volume increases by
U.S. investing behemoth Vanguard’s new CEO has said that the firm would not be launching a spot Bitcoin (BTC) exchange-traded fund. An interview with Salim Ramji, the new CEO of Vanguard and a former head of BlackRock’s global ETF division, was published in Barron’s on May 15. Ramji said that
The price of Bitcoin has kindled optimism in the market by drawing in waves of upsurge since yesterday. The leading cryptocurrency crossed over the $61K mark, revisiting its bullish trends from late April. After sustaining around the $61K-$62K range for days, the prices climbed steadily on May 15 finding support
In a recent disclosure to the United States Securities and Exchange Commission (SEC), Millennium Management, a prominent global investment management firm, unveiled its substantial investment in spot Bitcoin Exchange Traded Funds (ETFs). According to the filing, Millennium’s Bitcoin ETF holdings make up 3% of its $64 billion fund as of
In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack
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
