Senate Banking Chair Tim Scott is allegedly under pressure from a US senator who wants the crypto market structure bill markup postponed until May so that banks and crypto advocates may work out their differences on stablecoin yield requirements. Senate Banking Committee markup of the CLARITY Act is not expected to
Michael Saylor’s Strategy, the largest public Bitcoin holder globally, has increased its overall holdings to more than 800,000 BTC via recent buys. Massive Accumulation Strategy purchased 34,164 Bitcoin for $2.54 billion between April 13 and 19, according to an 8-K filing the business made with the US SEC on Monday. Two
As investor focus moves to riskier assets, spot Bitcoin exchange-traded funds (ETFs) saw net inflows of over $1 billion last week, their best performance in over three months. Last week, spot Bitcoin ETFs received $996 million in net inflows, according to data from SoSoValue. This is the greatest weekly intake
At Thursday’s press time, the wider cryptocurrency market was stable, with Bitcoin (BTC) and Ethereum (ETH) trading at over $74,500 and $2,350, respectively, and Ripple (XRP) maintaining its value at $1.40. Bloomberg reports that US and Iranian officials are contemplating extending the two-week ceasefire in order to facilitate improved discussions,
This month, Bitcoin’s price has increased by about 10%; nevertheless, the surge is encountering resistance close to $75,000. The halt is noteworthy because US equities are trying to reach new highs. Holders are selling into strength, according to on-chain data, which helps to explain the slowdown. Along with record highs in
Despite only being available for trading for a little over a week, Morgan Stanley’s new spot Bitcoin ETF has already received more capital than WisdomTree Bitcoin Fund (WBTC) in net inflows. Wednesday saw a net inflow of $19.3 million to the Morgan Stanley Bitcoin Trust (MSBT), raising the total to
At the time of writing on Wednesday, Bitcoin’s (BTC) price was hovering around $74,000, a crucial breakthrough level that, if maintained, would indicate a positive trend moving forward. Spot Exchange Traded Funds (ETFs) saw inflows of more than $410 million on Tuesday, bolstering the Bitcoin price. This comes as reports suggest
Over the past few days, Bitcoin has continuously traded below its recent highs, and Ethereum is going through renewed volatility; capital behaviour over the crypto market has started to diverge. As large-cap assets consolidate, the presale funding has crossed over $6.67 million, indicating sustained demand for early-stage opportunities even as
To avoid a recurrence of the market chaos that ensued in February when Bithumb accidentally delivered over $40 billion worth of Bitcoin to its clients, the South Korean central bank has suggested that cryptocurrency exchanges have “circuit breakers” that temporarily suspend trade. In a payments report released on Monday, the
In its greatest day since early March, when the US-Iran battle began to kick into high gear, investors poured $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday. Twelve US-based Bitcoin exchange-traded funds (ETFs) had a net inflow of $358.1 million, reversing a two-day net outflow. A measure of institutional
