Glassnode Flags $77.5K if Bitcoin Loses ETF Cost Basis Bitcoin is testing whether institutional ownership has permanently changed the character of its market. The cryptocurrency has bounced twice from roughly $81,500, a level Glassnode identifies as the aggregate cost basis for U.S. spot bitcoin ETF investors. That matters because $BTC spent much of this year
Bitwise’s $NEAR ETF Targets Crypto-AI Demand Wall Street has spent years learning how to buy bitcoin and ethereum. Bitwise’s Matt Hougan and SVRN’s Sal Ternullo are making a more demanding pitch: invest in the infrastructure that could allow AI agents to transact. Bitwise is pursuing that opportunity through its $NEAR ETF, NRR. SVRN is combining
A whale has reportedly acquired 1,162 Bitcoin valued at approximately $96.77 million through Wintermute. This transaction, highlighted by CryptoTwitter commentator @lookonchain, reflects a significant shift in accumulation behavior among large holders. As Bitcoin’s supply dynamics continue to evolve, such movements could influence market sentiment and future price action. What Happened In the past 12 hours,
Lending platforms are witnessing a significant surge in loans over $10 million against Bitcoin, as highlighted by crypto commentator Ki Young Ju. According to his tweet, $USDT borrowing by users posting more than $10 million in $BTC jumped 83% last month. This trend signals increased market activity and suggests that whales are not anticipating a
In a recent episode of RWA Insights, Chetan Karkhanis, Senior VP at Franklin Templeton, discussed the future of tokenized funds and their scalability in Asia. The conversation, featuring insights from Jake and Pendle, outlines key strategies for the growth of tokenized assets. This discussion is crucial as it sheds light on the evolving landscape of
Former Coinbase Executive Takes Charge of Evernorth’s $XRP An $XRP treasury holding approximately 473 million tokens at closing now has a former Coinbase Asset Management executive directing its investment strategy. Evernorth Holdings Inc. (Nasdaq: XRPN) announced on Oct. 12 that it appointed Hugo Jeandesboz as chief investment officer. He reports to founder and CEO Asheesh
Researchers at the Center for Cryptocurrency Research and Engineering (IC3E) from Imperial College London have published major research on post-quantum Bitcoin security. The paper proposes a model that would make Bitcoin transfers private and quantum-proof, all without the need for a soft fork. Bitcoin’s quantum resistance proposals Back in 2018-2020, the group’s research dubbed “Commit-Delay-Reveal”
Bitcoin [$BTC], which recently rallied above the long-standing $85,000 resistance level, is now showing signs of forming a potential October bottom. Though this might be a short-term market noise, the timing is what is making the situation tense. With the U.S. midterm elections approaching, market participants are watching whether the latest correction could mark a
Pyth Network has reported a remarkable increase in its annual recurring revenue (ARR), jumping from $6.2 million to $11.5 million, reflecting an impressive 86% growth quarter-over-quarter. This announcement highlights the growing demand for real-time market data services amidst fluctuating market conditions. The implications of this growth could reshape trading strategies as more participants seek reliable
GraniteShares has filed for an American Stakes ETF that will include stocks in which the US government has a stake. This move, as reported by crypto commentator Eric Balchunas, could reflect growing investor interest in government-linked assets. The filing comes amid a broader trend towards innovative investment products that tap into public sector holdings, which