Mon, January 26

WisdomTree’s $599M Crypto Dump Sends Shockwaves

WisdomTree, a leading provider of exchange-traded funds (ETFs) in the digital assets space, has triggered market anxiety with substantial Bitcoin and Ethereum transfers amid a turbulent period for cryptocurrencies. According to Onchain Lens, using Arkham Intelligence data, WisdomTree deposited 8,258 BTC—equivalent to roughly $598.89 million—into Coinbase on October 31. Alongside

November 1, 2024 2 mins read

Will Bitcoin (BTC) Present a Prime Buying Opportunity This November?

Bitcoin’s October phase has ended with a 13% gain, triggering analysts to predict upward momentum in November. BTC enters a period of heightened anticipation, eyeing potential price movements. Despite that, the crypto market cap has reached $2.34 trillion, losing over 3.70%.  The BTC price has slipped by 4% over the

November 1, 2024 2 mins read

Crypto Firms Hit with $400M SEC Enforcement Bill Under Gensler

The U.S. digital asset sector has faced mounting costs exceeding $400 million in dealing with enforcement actions brought by the Securities and Exchange Commission (SEC) under Chair Gary Gensler. The Blockchain Association highlighted this figure, compiled and released in partnership with global markets research firm HarrisX, on Thursday, emphasizing the

November 1, 2024 2 mins read

Bitcoin Dips Over 5% Amid Fresh Mt. Gox Wallet Activity

Bitcoin (BTC) dropped to the $69K zone, losing more than 5% in the last 24 hours, following fresh movements of Bitcoin associated with the defunct Mt. Gox exchange. This latest slide comes after BTC traded as high as $72,662, has the crypto world abuzz about what this activity could mean

November 1, 2024 2 mins read

Bitcoin Bulls Drive Price Near All-Time High Amid ETF Inflows

Bitcoin’s current price stands at $72,437.22, reflecting a 2.15% increase in the past 24 hours. Its market cap has risen to $1.43 trillion, with a daily trading volume of $53.39 billion, marking a significant 14.90% increase. The market cap-to-volume ratio is 3.77%, signaling solid interest in BTC trading.  Yesterday, Bitcoin

October 30, 2024 2 mins read

Florida’s CFO Advocates Bitcoin to Diversify State Pension Fund

In a recent letter, Jimmy Patronis, Florida’s CFO, requested that Bitcoin and other digital assets be considered part of the state’s pension fund. It addressed Chris Spencer, the Executive Director of the Florida State Board of Administration.  Moreover, the letter emphasized Florida’s position as a leader in economic growth, persuading

October 30, 2024 2 mins read

CME Group’s FCM Approval Sparks CFTC and FIA Market Concerns

On October 29, the CME Group, a leading player in the derivatives marketplace, received approval from the National Futures Association (NFA) to establish its own Futures Commission Merchant (FCM). The granted approval allows CME Group to manage customer accounts directly and deepen its role in futures trading.  Yet, this move,

October 30, 2024 1 min read

Bhutan Sells $66 Million in Bitcoin to Binance Amid Market Rally

The Royal Government of Bhutan recently transferred 929 BTC, valued at $66 million, to Binance. This move follows Bitcoin’s price surge above $71,000, marking Bhutan’s first significant transfer since selling $24 million in BTC via Kraken in July. The on-chain analytics platform Arkham reported this sale. Royal Government of #Bhutan

October 29, 2024 2 mins read

MicroStrategy’s Leveraged ETF Hits $1B Amid Bitcoin Surge

T-Rex’s 2x leveraged MicroStrategy ETF (MSTU) has surged in performance, now ranking among the top 1% of all ETFs by daily trading volume. Launched just six weeks ago, MSTU has posted a 225% gain, translating to an annual equivalent growth rate of 57,000%. This exponential rise is attributed to MicroStrategy’s

October 29, 2024 2 mins read
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