Bitcoin whale holdings climbed by about 60,000 $BTC to nearly 3 million as large holders increased exposure during the latest market recovery. Bitcoin’s largest non-exchange holders have added roughly 60,000 $BTC as the market recovered, pushing their combined balance from about 2.94 million $BTC to nearly 3 million. The increase suggests large holders were expanding
US spot Bitcoin exchange-traded funds (ETFs) returned to net outflows for the week on Wednesday as BTC fell below $82,000. Bitcoin ETFs recorded about $262 million in outflows on Wednesday, reversing $176 million in inflows the day before, according to SoSoValue data. The latest withdrawals brought this week’s net outflows to $151 million through Wednesday.
Thailand’s first crypto exchange-traded funds (ETFs) may get off to a slow start despite Bangkok’s efforts to expand access to regulated digital asset investments. “I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” James Butterfill, head of research at digital
The $ARK Venture Fund has announced a significant step in its mission to democratize access to financial markets through tokenization. This initiative was highlighted by Cathie Wood, who stated that tokenizing the fund could revolutionize how investors engage with both private and public markets. This move could pave the way for broader participation in innovative
Yesterday’s US inflation data increased interest rate concerns in global markets. The US September consumer price index (CPI) came in above market expectations, negatively impacting market sentiment across risky assets, including Bitcoin, cryptocurrencies, and equities, due to fears of further interest rate hikes. However, markets believe a pause in interest rates this month is the
Ondo has emerged as a leader in the tokenized ETF market, issuing $325.7 million of a total $686.5 million. This information comes from a recent tweet by @tokenterminal, which highlights the impressive growth and concentration of market power among the top issuers. The significant presence of Ondo and its competitors signals a notable trend in
Companies are pouring so much money into data centers that power artificial intelligence (AI) that any attempt to slow it could hurt the U.S. economy, not just the stock market. Larry Fink, CEO of BlackRock, the world’s largest asset manager, made that clear Wednesday in a CNBC interview, while also warning about the burgeoning national
Peter Schiff, CEO of Euro Pacific Capital, issued a new warning to Bitcoin (BTC) investors. Schiff argued that a sharp decline in financial markets is possible and advised investors to sell Bitcoin and invest in gold. Speaking on social media platform X, Schiff stated that he did not understand why the price of Bitcoin had
Four Korean Deals Take Ripple Beyond Cross-Border Payments Cross-border payments and government bond settlement anchor Ripple’s growing Korean institutional network, which now extends into the securities industry. The blockchain infrastructure provider outlined that expansion when it announced its Oct. 14 custody and tokenization partnership with Meritz Securities, identifying the South Korean securities firm as its
Anthropic has told prospective investors that its Q3 revenue reached about $16.8 billion and that it had turned an adjusted profit. The figures were disclosed at a private pre-IPO meeting as the AI company prepares for a public offering that could value it at over $2 trillion. The numbers behind the jump Anthropic’s third-quarter revenue