Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data. The United States spot Bitcoin exchange-traded funds (ETFs) have seen their second-best-ever joint net inflow day of $886.6 million, according to preliminary data. The Fidelity Wise Origin Bitcoin Fund…
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“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju. Google search interest for the term “onchain” surged to an all-time high in May, according to Google Trends data. Over the past five years, worldwide search interest in the term hovered mostly under 25 out of 100, with a brief spike…
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Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections. In a June 3 blog…
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Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch. Spot Ether (ETH) exchange-traded funds won’t see the same day-one inflow as spot Bitcoin ETFs did, as the asset’s use cases are far more difficult to value, an industry executive warns. The spot…
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Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Over $3 billion worth of Ether has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze. The amount…
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Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets. GameStop (GME) surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted to Reddit that he’s holding $181.4 million worth of…
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It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market. Magic Leap recently announced “a multi-faceted, strategic technology partnership” with Google to develop new extended reality technologies. The partnership marks what could be considered an odd pairing in the tech world. Google recently trimmed…
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The American Bankers Association claims that United States President Joe Biden’s move will “harm investors, customers, and ultimately the financial system.” Just hours prior to United States President Joe Biden vetoing the Staff Accounting Bulletin (SAB) 121 repeal on May 31, the largest lobbying organization for the U.S. banking industry — American Bankers Association (ABA)…
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Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency. Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence. According to a CNBC report, the information was verified with his legal team at…
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