Crypto Funds Attract Largest Weekly Inflow in 2023 as Bitcoin ‘Short-Sellers Capitulate’: CoinShares
Ether funds enjoyed over $100 million of inflows in a four-week positive run, “marking a decisive turnaround in sentiment,” CoinShares said.
Financial
Standard Chartered China Offering Exchange Services for Digital Yuan
The bank will give customers access to the digital RBM’s interconnection platform, offering recharge and redemption.
Protocol Village: Movement Labs Says ‘Move Virtual Machine’ to Use Celestia, Snowman
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 16-22, with live updates throughout.
Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License
Nine Blocks, which follows a market neutral strategy, also made Dubai its küresel headquarters.
Hamas, Hezbollah Now Prefer Tron to Bitcoin: Reuters
Almost two-thirds of Israel’s Tron seizures were in 2023, including 39 from wallets Israel said in June were owned by Lebanon’s Hezbollah and 26 in July from Hamas ally Palestinian Islamic Jihad.
First Mover Americas: GBTC Discount to NAV Shrinks to Narrowest Since July 2021
The latest price moves in crypto markets in context for Nov. 27, 2023.
UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders
The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
Fed Likely to Be Most Dovish Central Bank in 2024, Research Shows
Traders expect the Fed to cut rates by 100 basis points next year, weakening the dollar and incentivizing risk-taking in crypto and traditional markets.
ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week
The sales took place as the discount for Grayscale’s bitcoin investment vehicle narrowed to its lowest in over two years, a sign of escalating optimism that a spot bitcoin ETF will finally be approved in the U.S.
Ripple Excites XRP Army as Metaco Acquisition Brings Banks Closer
Earlier this month, Ripple-owned infrastructure provider Metaco said it was working with banking powerhouse HSBC.