U.S. spot bitcoin $BTC$75,879.65 ETFs shed $450 million on Tuesday, according to SoSoValue, the heaviest single-day outflow since June 25, after the U.S. Senate declined to advance the Digital Asset Market Clarity Act. Bitcoin $BTC$75,879.65 is little changed since midnight UTC, after dropping following the vote, which garnered around 10 fewer votes than the 60
Deutsche Bank’s (DB) digital asset custody service is set to go live by the end of the year. Germany’s largest bank said the service, subject to the completion of applicable regulatory checks, will give European institutional and corporate clients regulated custody of digital assets. The service will support a select range of cryptocurrencies at debut,
Grayscale’s new bitcoin-excluding model portfolio for financial advisors gives a target weight of 26.11% to its $XRP fund. This makes the token the second-largest holding behind Ether and puts $XRP in the top three across the firm’s two flagship strategies. Every strategy caps a single asset at 40% Grayscale Investments announced the launch of its
Circle CRCL$84.86·Market Closed launched its Arc blockchain on Wednesday, making its biggest push yet beyond issuing the $74 billion stablecoin $USDC $USDC$1.0004 . Competition is heating up to among the largest blockchain companies to provide the rails for moving money and financial assets onchain. “This is, I believe, the most consequential major platform launch in
Bitcoin price is trading near $77,000 ahead of today’s Federal Reserve decision after another attempt to reclaim $80K lost momentum. Rising Treasury yields, a stronger dollar and expectations for tighter monetary policy have kept pressure on risk assets, while $BTC remains below the upper end of its recent range. The Fed decision now provides the
Crypto markets are already under pressure ahead of today’s FOMC meeting, with Bitcoin trading below $75,000. The Fed is widely expected to raise rates by 25 basis points, a move that is mostly priced in. Now, traders are watching Chair Kevin Warsh’s comments for clues on future rate hikes and whether another wave of selling
Bitcoin’s Coinbase COIN$172.04·Market Closed premium has fallen to its lowest level in four weeks, suggesting weakening U.S. demand as investors confront a setback for crypto legislation and the prospect of tighter monetary policy. The premium measures the difference between bitcoin’s dollar price on Coinbase and its USDT price on Binance. CryptoQuant’s Coinbase Premium Index tracks
Gold advocate and longtime Bitcoin critic Peter Schiff has jumped on the dramatic failure of the CLARITY Act to take another swipe at the world’s largest cryptocurrency. Schiff said that it was “very clear” that Bitcoin is worthless. “No act of Congress is necessary,” he snapped in response to a typically bullish comment made by