Grayscale’s Bitcoin exchange-traded fund (ETF) experienced another substantial day of outflows, with nearly $359 million exiting the fund on March 21. This follows a week of massive outflows, including a record-breaking $642 million on March 18, according to Farside Investors data. Despite the ongoing outflows, analysts believe the trend may soon come to a halt. […]
At the recent ETHTaipei conference, Ethereum co-founder Vitalik Buterin introduced a novel concept called Rainbow Staking. This is aiming to tackle the growing concerns of centralization in Ethereum staking. Buterin expressed apprehensions regarding the centralization risks inherent in the current state of Ethereum staking. He pointed out the dominance of liquid staking solutions like Lido. […]
Recent market trends have ignited a spirited debate among investors regarding the shifting dynamics. This is between traditional safe-haven assets like gold and the burgeoning popularity of digital currencies, particularly Bitcoin. Notably, while gold exchange-traded funds (ETFs) saw a reduction of $7.7 billion. Bitcoin ETFs experienced a significant influx of $11.3 billion. This disparity has […]
As the Bitcoin halving approaches, mining executives are gearing up for a significant shift in the industry landscape. With the halving expected to reduce block rewards and profitability, industry leaders anticipate a challenging environment for less efficient miners. Industry giants like Marathon Digital and Stronghold Digital Mining have long been preparing for the halving. In […]
The Securities and Exchange Commission (SEC) has extended the decision timeline for the VanEck Ethereum exchange-traded fund (ETF), announcing that it will defer its ruling until May 23, 2024. The regulatory body has also invited public commentary on the proposed ETF. This is signaling a cautious approach to approving such financial products. In a document […]
Current FTX CEO John J. Ray III has vehemently opposed former CEO Sam Bankman-Fried’s assertion that customers incurred “zero” losses in the exchange’s collapse in 2022. Ray refutes Bankman-Fried’s claims, labeling them as “categorically, callously, and demonstrably false.“ In a victim impact statement submitted by Ray on behalf of FTX and its subsidiaries to New […]
Bitcoin experienced a significant rally, surpassing $67,000 following dovish comments from Federal Reserve policymakers. The surge came after the Fed maintained its outlook for three rate cuts by the end of the year. This is easing market concerns about a more hawkish stance on interest rates. Ether, the second-largest cryptocurrency by market capitalization, rebounded from […]
Asset management giant BlackRock has officially entered the asset tokenization arena by launching a new real-world asset (RWA) tokenization fund on the Ethereum network. This move marks BlackRock’s strategic foray into the burgeoning digital asset space, aiming to leverage blockchain technology to offer innovative solutions to its clients. The BlackRock USD Institutional Digital Liquidity Fund […]
At the Blockworks Digital Asset Summit in London, Mathew McDermott, global head of digital assets at Goldman Sachs, reiterated the bank’s commitment to the digital asset ecosystem, highlighting its pioneering role and ongoing expansion in the sector. Goldman Sachs established its digital asset desk in 2021, offering liquidity in cash-settled derivatives, options, and futures crypto […]
The Saudi Arabian government is reportedly considering the creation of a $40 billion investment fund dedicated to artificial intelligence (AI) initiatives. In fact, it is potentially becoming the largest investor in the AI space. Partnership with a16z According to reports, Saudi Arabia’s Public Investment Fund (PIF) is contemplating a collaboration with Silicon Valley venture capital […]