Ethereum price rallies above $3.1K after unexpected regulatory victory
ETH price hit $3,100, backed by a favorable court ruling and increased network activity. Go to Source
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Bitcoin Faces Resistance At $65K Amid Surge To $63K
Bitcoin has surged back to the $63,000 mark today, yet the largest cryptocurrency continues to face resistance as it attempts to climb higher. A key factor contributing to this struggle is the significant number of Bitcoin holders who purchased their assets between the current price and approximately $65,000. You may have noticed Bitcoin facing repeated … Read more
Over 600 firms reveal billions in combined investment in Bitcoin ETFs
Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment. Go to Source
Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin
ETH price continues to trail far behind Bitcoin’s year-to-date gains even after the crypto market responded positively to today’s CPI print. Go to Source
Persistent Discount Plagues Grayscale’s Ethereum Trust as ETF Decision Nears
As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded ETF, the fund’s discount to net asset value (NAV) … Read more
Wisconsin Pioneers State-Level Bitcoin Investment in the U.S.
In a landmark move, Wisconsin has become the first U.S. state to invest in bitcoin, underscoring the growing institutional interest in cryptocurrencies. The State of Wisconsin Investment Board, which manages over $156 billion in assets, purchased 94,562 shares of Blackrock’s Ishares Bitcoin Trust, worth nearly $100 million, and also acquired shares of Grayscale’s Bitcoin Trust … Read more
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds. Go to Source
Bitcoin Reclaims $63K Mark: What’s Next For The Crypto Market?
Bitcoin surged today, reclaiming the $63K mark with a 3% gain, signaling renewed optimism in the crypto market. Intotheblock’s data reveals that approximately 5.1 million Bitcoin addresses, constituting roughly 10% of the total addresses, bought BTC between the current price and its all-time high of $72,500, indicating strong investor interest in the digital asset. 5.1 … Read more
Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal
Ark Invest and 21shares have revised their proposal for a spot ethereum exchange-traded fund (ETF), removing previously included options for staking. This change marks a significant pivot from their earlier filings, which had contemplated engaging trusted staking providers to manage part of the trust’s assets. Ark Invest and 21shares Modify Ethereum ETF Proposal, Omit Staking … Read more
Whale Accumulation and ETF Activity Signal Mixed Sentiment In Bitcoin Market
As Bitcoin continues its tight range between $61,000 and $64,000, significant movements have been observed among large whale wallets in the past 24 hours. These wallets, holding between 1,000 and 10,000 BTC each, have collectively accumulated approximately $941 million worth of coins. 🐳 As #Bitcoin ranges tightly between $61K and $64K, large whales have made … Read more