The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution among the creditors of the exchange, which ceased operations in 2014 due to a major hacking event. The distribution process has already seen large
2024
Bitwise, an asset management firm, has recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes following statements made by SEC Chair Gary Gensler regarding the potential approval of spot Ether ETFs
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either shutting down their operations or selling off a portion of their Bitcoin reserves. Following the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This decline indicates that less efficient miners
Asset managers are currently optimistic about the possibility of the Security and Exchange Commission (SEC) approving the first U.S. ETFs directly investing in Ethereum. They believe that approval could come as early as mid-July. The SEC has set a deadline of July 8 for ETF applicants to submit updated paperwork and amended S-1s, with potential
Tom Lee, the head of research at Fundstrat, has once again reiterated his prediction that Bitcoin will skyrocket to $150,000. Despite the current bearish trends in the market, Lee remains optimistic about the future of the pioneer cryptocurrency. In a recent interview with CNBC Television, he emphasized his belief that Bitcoin will reach new all-time
Galaxy Digital CEO Mike Novogratz believes that the future of the cryptocurrency sector in the US looks promising, regardless of the outcome of the 2024 presidential election. In a recent CNBC interview, Novogratz emphasized the importance of bipartisan support for crypto. He stated that it is crucial for both parties to back the industry to
In the first half of 2024, Bitcoin and Ethereum have emerged as the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This surge in performance has caught the attention of investors and asset managers alike, who are now taking notice of the potential
Circle made a significant announcement on July 1 by revealing that it had secured an e-money license from France, solidifying its position as the premier global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. This license, granted by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in
Keith Gill, also known as “Roaring Kitty,” is currently embroiled in a securities fraud lawsuit stemming from his involvement in the 2021 GameStop trading frenzy. The class-action lawsuit, filed on June 28 in the Eastern District of New York, alleges that Gill orchestrated a “pump and dump” scheme by leveraging his social media presence to
Bitcoin, once known for its around-the-clock trading accessibility, is experiencing a significant shift in trading patterns. According to a recent report by Kaiko, BTC weekend trading volumes have plummeted to historic lows, dropping from 28% in 2019 to a mere 16% in 2024. This decline is closely tied to the increasing influence of institutional investors