BlackRock’s Spot Bitcoin ETF Draws $526M in Net Inflows
BTC failed to take out key price resistance despite huge inflows into BlackRock’s IBIT.
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BlockFi Administrator Submits Plan in Court to Make Customers Whole
The plan administrator revealed that a significant transaction had been closed which would enable a near-term final distribution of 100% for all eligible claims.
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U.S. Government Moves $4M Bitcoin to Coinbase, Arkham Data Show
An address labeled “U.S. Government: Ryan Farace Seized Funds” moved BTC worth nearly $4 million to Coinbase 11 hours ago.
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U.S. House Passes Crypto Illicit Finance Bill That’s Likely to be Rebuffed in Senate
The legislation would set up a federal group to assess crypto in terrorism and illicit finance and make recommendations for heading it off, but the bill isn’t expected to clear the Senate.
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Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency
Issuers received approval for their latest S-1 filings, which means that the funds could begin trading as early as Tuesday.
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Ethereum ETFs Could See Underwhelming Demand, Two Research Firms Predict
Trading firm Wintermute expects inflows to be lower than consensus predictions while research firm Kaiko says veri suggests “less conviction” regarding the launch.
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Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit
The bitcoin financial firm previously planned to go public by end of this year.
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Tokenized Asset Manager Superstate Debuts New Fund to Profit From Bitcoin, Ether ‘Carry Trade’
Superstate’s new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.
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Taking Profits on Bitcoin Ahead of Trump Conference Appearance Could be ‘Expensive Exercise’: Analyst
Markus Thielen, founder of 10x Research, fully expects Trump to win the November election, triggering an early exit for SEC Chair Gary Gensler.
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Polymarket Trading Explodes as 2024 Election Enters Uncharted Territory
Bets on the U.S. presidential election winner rocketed past $300 million, while the punters have put $200 million in a market for the potential Democrat’s nominee and $10 million for the party’s VP.