In a recent research note, global asset management firm Franklin Templeton has shed light on the significant relationship between meme coins and their native blockchain networks. Despite their notorious volatility and lack of inherent value, meme coins maintain a robust connection with networks such as Solana, Ethereum, Arbitrum, Polygon, and Optimism. Strong Relationship with Native […]
As Bitcoin continues its relentless price rally, the stocks of many Bitcoin mining companies are experiencing a downturn. Despite Bitcoin’s price surge, mining behemoths like Marathon Digital, Riot Platforms, Bitfarms, and Bitdeer have seen their stock prices decline by around 20% over the past month. Even Hut 8, Core Scientific, and Cipher Mining have not […]
European fund manager CoinShares has finalized its acquisition of Valkyrie Funds LLC. It is initially marking a strategic move to expand its presence in the American market. The acquisition grants CoinShares sponsorship rights to Valkyrie’s newly launched Bitcoin ETF, solidifying its foothold in the U.S. financial landscape. CoinShares CEO Jean-Marie Mognetti emphasizes the significance of […]
In the face of a broader market downturn triggered by hotter-than-expected U.S. inflation data, Bitcoin continues its ascent, undeterred by the negative sentiment affecting stocks. Despite major equities slipping, the leading cryptocurrency sustains its upward trajectory, showcasing resilience amidst market volatility. Bullish Momentum Prevails Bitcoin, often considered a hedge against inflation, remains buoyant with a […]
In the past 30 days, Ether (ETH) has seen an impressive 58% rally, outperforming the broader cryptocurrency market by 14%. Despite struggling to sustain levels above $4,000, Ether hit its highest price in over two years, narrowing the gap with Bitcoin (BTC), which currently sits at $73,178. ETF Optimism and “Sell the News” Scenario Speculation […]
Thai regulators have given the green light for money managers to launch private funds dedicated to US spot Bitcoin ETFs. This move, announced by the Thai Securities and Exchange Commission on Monday, comes with a catch – access is restricted to institutional investors and the super-rich. Initially, in January, investment firms were prohibited from making […]
Cryptocurrency exchange Coinbase has revealed its plans to issue $1 billion in convertible notes, set to mature in 2030. The announcement comes amid a surge in the company’s stock, which saw an 18% jump. Over the past week bitcoin reached new all-time highs and US bitcoin ETFs continued to break records. Institutional Investment Focus The […]
In a strategic move to address the staggering $11 billion outflows from its Grayscale Bitcoin Trust (GBTC), Grayscale Investments filed for a new Bitcoin Mini Trust on Tuesday. Firstly, the US Securities and Exchange Commission gave approval of several spot Bitcoin ETFs on January 10. Later the move comes as Grayscale faces intensified competition in […]
Former President Donald Trump appears to be shifting his stance on cryptocurrencies, particularly Bitcoin, citing their popularity in payments for his recent sneaker collection. This marks a departure from his previous characterization of Bitcoin as a “scam.” Trump revealed during a CNBC interview that his newly-launched sneaker collection saw substantial sales with a notable portion […]
Bloomberg ETF analyst Eric Balchunas has expressed growing concerns over the approval prospects of Ethereum exchange-traded funds (ETFs) as the U.S. Securities and Exchange Commission (SEC) maintains radio silence with issuers. With only 73 days left until the final deadline in May, the lack of communication from the SEC has led Balchunas to downgrade the […]