Bookmarking Crypto Insights
Cow DAO, a decentralized autonomous organization focused on Ethereum-based trading, has processed more than $1 billion in Time-Weighted Average Price (TWAP) orders, marking a significant milestone for the decentralized finance (DeFi) platform’s adoption. Cow DAO Hits $1B in TWAP Order Volume as DeFi Adoption Grows Cow DAO (Coincidence of Wants Decentralized Autonomous Organization), which enhances … Read more
Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11. The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their corporate treasuries,” Bitwise … Read more
Cantor Fitzgerald, a global financial services firm, is launching a bitcoin financing business to provide leverage to investors holding the cryptocurrency. Wall Street Firm Expands Into Bitcoin Leverage Services The New York-based company announced it will begin operations with $2 billion in initial financing, planning to expand significantly over time. The initiative aims to meet … Read more
Bitcoin ETFs experienced a net outflow of $369 million, marking the 6th consecutive day of withdrawals, while ether ETFs saw a $38 million outflow, extending their decline to four days. No End in Sight for Outflows From Bitcoin and Ether ETFs The significant outflows from bitcoin and ether exchange-traded funds (ETFs) continued on Monday, Mar. … Read more
Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index. The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn. Despite Bitcoin’s 30% drop from its all-time high … Read more
Sen. Cynthia Lummis (R-Wyo.) reintroduced legislation Tuesday to establish a U.S. Strategic Bitcoin Reserve, aiming to transform former President Donald Trump’s executive order into federal law. Sen. Lummis Reintroduces Bill to Codify Trump’s Strategic Bitcoin Reserve Plan The bill, dubbed the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act” (BITCOIN Act), proposes acquiring … Read more
CoreWeave announced on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor in CoreWeave through the issuance of $350 million of stock, while CoreWeave will deliver AI infrastructure. The deal comes … Read more
The Bitwise Bitcoin Standard Corporations ETF, trading as OWNB, has launched, focusing on corporations holding significant bitcoin assets. OWNB: New ETF Captures Corporate Giants With Heavy Bitcoin Investments In a significant development in the cryptocurrency investment landscape, the Bitwise Bitcoin Standard Corporations ETF commenced trading today under the ticker OWNB. This new exchange-traded fund (ETF) … Read more
Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU). On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal. “Coinbase is now … Read more
The cryptocurrency dipped below $77,000 overnight before making a modest recovery to $80K in the morning. Bearish Pressure Continues: Bitcoin Lingers Above $80K After Overnight Slump Bitcoin tumbled all the way to $76,624.25 late last night, a 4-month low, before later recovering. The entire cryptocurrency market has lost more than a $1 trillion in value … Read more