Story Highlights Total trading value in Bitcoin ETFs surged to $4.61 billion, with net assets of $150.41 billion Fidelity FETH recorded the highest Ethereum ETF inflow of the day with $202.18 million, followed by BlackRock ETHA $154.20 million. Bitcoin is trading at $114,252, marking a 1.7% increase, while Ethereum is priced at $4,196.90. On September
Fernando Haddad, Brazil’s finance minister, said the objective of Drex, the country’s CBDC, is to increase transparency of flows and facilitate financial transactions. Haddad denied that the government would seek to exert control or monitor payments using the tool. Brazil’s CBDC Does Not Seek Control, Finance Minister States Fernando Haddad, Brazil’s finance minister, shared his
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. In this edition, we examine how USDT is overtaking dollar disbursements in Venezuela, and the irony of a sanctioned country leveraging a currency backed by the U.S. debt. Latam Insights Encore: The Venezuelan Case
Deutsche Börse Group (DB1) signed a memorandum of understanding with Circle Internet Group (CRCL) to bring regulated stablecoins into Europe’s financial market infrastructure. The agreement aims to integrate Circle’s euro- and dollar-pegged tokens, EURC and USDC, into trading, settlement and custody services across the exchange operator’s platforms, the firms said in a statement on Tuesday.
Following claims that Vanguard has changed its long-held anti-cryptocurrency stance and may open the door to crypto ETFs, the company has made an official statement. Vanguard hinted in its statement to ETF Upside that it isn’t completely closed to crypto products, but didn’t definitively confirm or deny them. A spokesperson for the company said, “As
An exchange-traded fund tracking the trading activity of American politicians and individuals and companies with close ties to the US president could launch as soon as Friday, according to an analyst. Tuttle Capital Government Grift ETF (GRFT) was first proposed by Tuttle Capital Management earlier this year. Bloomberg ETF analyst Eric Balchunas noted that GRFT
The SEC just broke a two-decade deadlock. On Monday, the commission gave Dimensional Fund Advisors (DFA) the go-ahead to create ETF share classes inside its mutual funds, a decision that investors, fund managers, and financial advisors have been chasing for years. The order, open for public feedback before finalization, lets DFA move forward and puts
The economics of crypto mining are shifting. Rising costs, particularly for electricity and the computational hash rate for cryptocurrencies such as Bitcoin, make the mining industry less profitable. Crypto mining companies are shifting to AI as a result. Why? For starters, AI training could provide a safer and more consistent source of revenue than the
The IPO wave is sweeping through crypto. However, experts warn that Wall Street exposure brings both opportunities and risks. Summary Wall Street exposure brings potential centralization risks Stablecoins are becoming a core part of the financial infrastructure Firms will have to navigate increased regulatory scrutiny The crypto industry no longer operates on the fringes. The
Robinhood stock jumped 9% this afternoon after touching a new all-time high of $132.90. The move came on the back of strong business growth and several analyst upgrades that pushed investor interest higher. The stock has already climbed 237% this year, making it one of the most volatile names on the market at press time.