Investors bought over $241 million in U.S. bitcoin exchange-traded funds last week, the third consecutive week of inflows that has helped keep the leading cryptocurrency’s price up during the start of so-called “Uptober.” Data from Farside Investors shows that money hit the popular funds every day — apart from on Wednesday, when speculators pulled out
Aberdeen, Lloyds Bank, and Archax have executed the UK’s first FX trades using real-world assets (RWAs) as collateral. This significant development highlights the growing role of tokenization on the Hedera network. As Hedera continues to gain traction, the implications of these trades could pave the way for broader adoption in financial markets. For more details,
The iShares MSCI Brazil ETF token, known as $EWZ, has officially launched on the Solana network, marking a significant milestone for the platform. This token will provide investors with exposure to Brazilian stocks, enhancing trading opportunities for users. The news comes from a tweet by the influencer @SolanaFloor, highlighting the partnership with @Sunrise and @Backpack
Bitcoin’s Fifth Halving Moves Into View As of today, according to timechainstats.com, Bitcoin stands at around 18 months from its fifth halving. Bitcoin’s pseudonymous inventor, Satoshi Nakamoto, introduced a rule set that shrinks the block subsidy by 50% every 210,000 blocks. The amount of time to mine those blocks typically takes around four years, and
Stablecoin Development Corp, which has been trading around a minimal $50 million marketcap for months, has suddenly seen its price jump tenfold in a matter of two weeks for absolutely no reason whatsoever. Tether is a major investor in the company, whose primary business appears to be earning interest off of USDS — not a
Strategy and Blackrock’s Bitcoin Trust ETF, dubbed IBIT, have quietly arrived at a rather extraordinary destination. Strategy owns 848,000 $BTC, while IBIT holds 805,222.42 $BTC. After the latest Strategy purchase, just 42,777.58 $BTC separates the two, meaning a public company and a single ETF trust now command roughly comparable mountains of bitcoin. At the recent
Delphi Digital recently highlighted the growing momentum of $NEAR Protocol, particularly following the launch of its confidential perpetual contracts. This development is crucial as it signals a potential uptick in trading interest from both retail and institutional investors. The implications of this momentum could lead to increased adoption and market activity around $NEAR Protocol’s offerings.
Last week saw a notable increase in stablecoin supply, rising by $715.8 million, as reported by @lookonchain. This surge comes amid a decline in decentralized exchange (DEX) trading volumes, which could signal a shift in market dynamics. The implications of this change are significant as it highlights evolving investor strategies and market sentiment. The Latest
Payments infrastructure company Modern Treasury has applied to establish a US national trust bank that would provide digital asset custody and related fiat services. According to Monday’s announcement, the company submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, which would operate as a
The Bitcoin price is sitting in a heavy $84000 – $87000 liquidity zone, and analysts are increasingly describing the setup as bearish. One view says $BTC could still squeeze toward $87,000-$88,000 first, clearing upside liquidity before the market turns lower. That makes the current range a critical battleground. A breakout isn’t guaranteed, and neither is