Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport
While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.
Financial
Financial
Bitcoin Spot ETFs Could See Inflows of $14.4B in First Year, Galaxy Says
An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.
Financial
Trader Who Called Last Year’s Crypto Crash Covers Bearish Altcoin Bets
I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year’s market meltdown.
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Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day
Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.
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Coinbase Says SEC is Attempting to ‘Redefine Definition of an Investment Contract’
Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.
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BlackRock Bitcoin ETF Has, Since August, Appeared on DTCC Site That Belatedly Moved Markets This Week
The price of bitcoin surged on Monday after BlackRock’s proposed ETF showed up on the DTCC’s website and dropped when it vanished Tuesday.
Financial
Sam Bankman-Fried Defense Has 6 Witnesses to Open With: DOJ
The DOJ filing did not name any of the potential defense witnesses, and it’s still unclear whether Bankman-Fried himself will testify.
Financial
Crypto-Fan Tom Emmer’s Rise and Fall in the U.S. House Speaker Race Was Extremely Quick
Rep. Tom Emmer, the No. 3 in U.S. House leadership, has been Mr. Crypto on Capitol Hill, so his brush with the speaker nomination gave a jolt of hope to the industry.
Financial
Despite U.S. House Gridlock, Senator Gillibrand Bullish on Stablecoin Bill, Illicit Finance Legislation
The crypto-oriented duo of Sens. Gillibrand and Lummis are pressing for smaller slices of their wide-reaching crypto bill to get done, and they predict TradFi’s arrival in ETFs could help.
Financial
Co-Founder of Paradigm, a Top Crypto Investor, Steps Down as Managing Partner to Focus on Science
Fred Ehrsam, who will be a general partner instead, said he wants to devote more time to “explore areas of science” that he’s passionate about.