Paul Grewal, Coinbase's Chief Legal Officer (CLO), announced via X that the company has submitted a 27-page comment letter to the U.S. Securities and Exchange Commission (SEC) regarding its review of the grayscale ETH Spot ETF. "In the comment letter, we conveyed our view that ETH is not a...
The US Federal Reserve released the minutes of its Federal Open Market Committee (FOMC) meeting. Members said that the federal funds rate has likely peaked for this cycle. A majority of members noted the risks of cutting rates too quickly, with some saying there was a risk of stalling inflation...
In an interview with Bloomberg TV, Michael Saylor said, "The bitcoin spot ETF has opened the gateway for institutional capital to enter the bitcoin ecosystem," adding that "hundreds of millions of dollars of capital are flowing from the analog economy into the digital economy every day." "Bitcoin...
According to Bitcoin.com, Coinbase CEO Brian Armstrong said during the company's recent Q4 20/23 earnings call that "every institutional investor now owns crypto. Cryptocurrency has become a standard asset in institutional portfolios." "Institutions will continue to put crypto on their balance...
With Ethereum's steep rise, it's worth noting if the rise is due to whale intervention. About 7 hours ago, a specific whale address bought 3,412 ETH. With a total value of 10.1 million USDT and an average price of $2,933, the address bought a total of 83,285 ETH between February 8th and February...
Bitwise CIO Matt Hogan wrote on X (Twitter), "Several bitcoin spot ETFs saw record trading volumes on Tuesday (US time). Demand for ETFs is likely to continue." The Bitwise Bitcoin ETF (BITB) traded 6.3 million shares ($179 million) on Tuesday, according to Yahoo Finance. Trading volume in VanEck...
BTC hits $52,000. The area is being closely watched for further movement as many bids and offers have been made. OKX USDT In today's slightly lower market, BTC is trading around $52,300. Amidst this, "whales holding between 10,000 and 30,000 BTC are in a fog as they have sold about $1.56 billion...
Arthur Hayes, co-founder of the global cryptocurrency exchange BitMEX, asked X: "Are there any popular dAPPs launched or used on the Cardano network (ADA)? From my limited knowledge, I am not aware of any. This is why ADA is dog shit," he said. He then tagged Cardano founder Charles Hoskinson,...
Adam, a macro researcher at crypto options specialist Greeks.live, tweeted on X (formerly Twitter), "We've been seeing a lot of large options trades lately. A $20 million BTC butterfly spread trade just happened. Butterfly spread trades are a common strategy used by traders when the direction of...
Udi Wertheimer, founder of Taproot Wizards, a project of the Bitcoin Audience Ecosystem, noted that the transaction environment on the Bitcoin network remains poor. "During the recent Quantum Cats sale, we processed over $15 million in BTC in on-chain payments. However, more than $1 million was...
Forbes, a leading U.S. business magazine, has diagnosed that "the web3 industry in the Asia-Pacific (APAC) region has been growing strongly this year". "The APAC region has seen some big news on the investment front, including Singapore-based VC Foresight Ventures' $70 million acquisition of The...
Michael Saylor, co-founder of Microstrategy (MSTR), published a post on X about the rise of bitcoin compared to gold. According to Saylor, since August 10, 2020, gold is down 1% while bitcoin is up 333%. Meanwhile, Jim Bianco of Bianco Research, a U.S. investment advisory firm, said, "Approving a...
