Spot Bitcoin ETFs in the US recorded net inflows again on September 17th. According to SoSoValue data, a total net inflow of approximately $159.45 million was recorded into these investment instruments. Thus, Bitcoin ETFs saw positive fund flows again after a one-day hiatus. The largest inflow of the day occurred in BlackRock’s IBIT fund, with
Stablecoin payments firm dtcpay announced today the formal completion of its $25 million Series A funding round, securing a strategic investment from Japan’s financial giant, the SBI Group. The capital raise, initially anchored earlier this year by Vertex Ventures Southeast Asia & India, concluded with SBI entering the fold through SBI Ventures Asset and the
Publicly listed companies are showing little appetite for bitcoin $BTC$77,392.70 , suggesting that a key source of demand behind the 2024–25 bull market remains weak as the cryptocurrency attempts a sustained rebound. Those firms have added only about 5,900 $BTC over the past three months, according to Glassnode, a fraction of last year’s pace. Nasdaq-listed
U.S. spot ether exchange-traded funds recorded roughly $39 million of net outflows on Thursday, a third consecutive day of withdrawals after about $224 million left on Wednesday and $141 million on Tuesday, according to SoSoValue. Ether itself rose 2% to about $2,470 over the same stretch. $XRP funds lost about $5 million, reversing a small
S&P Global agreed to acquire smart contract security firm OpenZeppelin, expanding its digital asset business into the technology underpinning tokenized finance. On Sept. 17, the financial data and ratings company said that OpenZeppelin will continue operating under its own name as a separate business unit. Chief Executive Demian Brener will remain in charge and report
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points on Friday, lifting it to 1.25%, the highest level in 31 years, as it battles sticky inflation and a chronically weak yen. The move marks the central bank’s second hike in three months and comes weeks after U.S. Treasury Secretary Scott
“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed,” Federal Reserve chair Kevin Warsh said at his press conference on Wednesday, after the central bank raised its benchmark rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023. “Today,
Q4 is just around the corner, and the crypto market is already discussing whether it will be bullish or bearish. Notably, the bears have quite a compelling case. The market has started reacting to the recent 25 bps hike by the Federal Reserve. Goldman Sachs has already priced in another rate hike at the October
The Senate blocked the crypto industry’s market structure bill on Tuesday. On Thursday the Securities and Exchange Commission did a piece of the job itself. An order from the agency lets tokenized versions of U.S. stocks trade on blockchain liquidity pools for the next five years, provided the venue running the pool is American, checks
The Federal Reserve hiked interest rates for the first time since 2023 on Wednesday and it sent the bitcoin price — briefly — all over the place. But then it settled and currently sits a modest 1% higher over a 24-hour period. And according to asset manager Grayscale’s crypto research team, bitcoin is unlikely to