Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X: "The media has attributed bitcoin's 150% rise over the past year to anticipation of a spot ETF launch. However, BTC's network fundamentals, along with new use cases like inscription, are the strongest they've been since the...
According to Spot on Chain, two specific whale addresses have bought 1,755 BTC (worth $77.1 million) on Binance in the past two days. "The specific address (starting with bc1pj) bought 1,750 BTC at an average price of $43,953 and now holds 4,750 BTC (worth $2.7 billion)," SpotOnChain said. This...
Customers can select BTC as a payment method on the website, and Melcoin, Mercari's cryptocurrency subsidiary, will convert the BTC into yen for payment. According to the media, Merukari is Japan's largest second-hand trading platform, with 22 million monthly active users as of July 2023. It was...
Nate Geraci, CEO of U.S. ETF specialist ETFstore, shares his top five observations on this week's BTC spot ETF developments. 1, Fee competition is an important issue, with Fidelity currently offering the lowest fee at 0.39%. Invesco, on the other hand, charges 0.59% but has offered to waive fees...
According to Meltem Demirors, chief strategy officer at cryptocurrency investment fund Coin Shares, the approval of a BTC spot ETF is unlikely to result in a 'sell on the news' event. Demirors noted that $243 million flowed into crypto ETP products in the last week of last year, and $2.2 billion...
MangoFarmSol, a farming protocol on the Solana (SOL) network, has been revealed as a Ponzi scheme, causing $2 million in damages, according to Cointelegraph. The protocol promised a token airdrop to users who deposited SOL, but the Telegram channel and X accounts have disappeared. There are...
According to Eric Balchunas, an ETF analyst at Bloomberg, the U.S. Securities and Exchange Commission (SEC) is likely to approve a bitcoin spot ETF before Jan. 11 (local time). However, he noted that this is not a certainty. James Seifart, another Bloomberg ETF analyst, previously stated that a...
Gabor Gurbacs, an advisor to Tether and VanEck, stated that the amount of inflows during the first week of trading after the approval of the Bitcoin Spot ETF is not significant in the long run. What is important is that physical BTC investments are accessible to roughly $500 trillion in global...
Jeremy Hogan, a U.S. cryptocurrency lawyer known for his support of Ripple (XRP), wrote on X (formerly Twitter) that "the 26 BTC (about $1.2 million) transferred to bitcoin creator Satoshi Nakamoto's wallet on June 6 (local time) is an attempt by someone to unmask Satoshi." "The U.S. Internal...
LineNFT, a Japanese NFT marketplace, has announced that it will be ending its services on January 5. Any assets previously listed on LineNFT will be returned starting from 11:30 on January 5. Additionally, the City (DOSI) project, which is currently being serviced by LineNext, will be renewed and...
Ark Invest sold an additional 26,743 shares of Coinbase stock in a new transaction on April 4th, according to Ark Invest Daily. The stock is valued at $4.07 million based on the closing price of the day.
BitMEX co-founder Arthur Hayes says, "I expect BTC to have a healthy correction of 20-30% by early March. If spot ETFs are listed before then, the price decline could be even deeper. Imagine BTC going to $70,000 in anticipation of hundreds of billions of dollars flowing into the ETF. A 30-40%...