A new slew of crypto ETFs could be just around the corner. “I could be wrong, but my guess is you can talk to your family about multiple crypto ETPs at Thanksgiving. Maybe at Halloween. I don’t think you’re gonna have to wait till Christmas,” Bitwise Chief Investment Officer Matt Hougan told Blockworks. Bloomberg Intelligence
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in August, alongside the number of layoffs and quits. Markets expect Job Openings in August to decline slightly
Story Highlights Bitwise CIO says Tether could become the most profitable company in history, potentially surpassing Saudi Aramco. USDT adoption exceeds 400 million users, with Tether holding massive U.S. Treasury and Bitcoin reserves. Tether’s growth highlights crypto’s potential in trillion-dollar markets and the need for diversified investment strategies. Tether’s rapid growth is putting it on
KGeN, the protocol building a Verified Distribution Network for AI, DeFi, gaming, and consumer applications, has raised $13.5 million in a new strategic funding round. In a statement to BeInCrypto, the firm said the raise, backed by Jump Crypto, Accel, and Prosus Ventures, brings KGeN’s total funding to $43.5 million. KGeN Fuels Global Expansion with
Ash Crypto stated Fidelity made a significant crypto purchase, investing nearly $300 M in Bitcoin and over $200 M in Ethereum. That’s a clear indication that institutional players are getting a lot more comfortable with digital assets. Traditional finance firms have been skeptical about crypto for years, but this kind of capital commitment? So, it’s
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