Tag: Cryptocurrency investments
US Bitcoin ETFs Reach $100 Billion, Impacting Largest Bitcoin Holders
US Bitcoin ETFs have made a significant impact in the market, surpassing $100 billion in net assets. This milestone, achieved in just 10 months since their launch in January, represents 5.4% of Bitcoin's total...
Bitcoin Whales Increase Holdings Amid Crypto Market Turmoil: ETF Investors Stay Put
Bitcoin investors experienced a volatile weekend as prices dropped to $49,000 before bouncing back to around $56,000 on Monday. This price action led to different reactions from holders, with large asset holders, known as...
PYUSD Market Cap Surges 150% After Solana Launch
PYUSD market cap has seen a significant increase of 150% after expanding to the Solana ecosystem, reaching a total value of $684 million according to DefiLlama data. It's interesting to note that PYUSD usage...
Unlocking the Potential: Bitcoin Protocol Babylon Attracts $1.5B in Staking Deposits
Bitcoin protocol Babylon recently completed its second staking round, which saw an increase in deposits to approximately 24,000 BTC, equivalent to $1.5 billion, up from the initial 1,000 BTC. This round was unique as...
Citi Alumni Startup Launches XRP-Backed Securities
A group of former Citigroup executives has founded Receipts Depositary Corp. (RDC), a startup that is expanding its product suite by launching XRP-backed securities. This move will provide institutions with access to XRP securities...
Support for Staking in US Crypto Landscape
Staking in the US Crypto Landscape: Navigating Regulatory ChallengesStaking has become a cornerstone of blockchain innovation, revolutionizing the way digital assets are secured and maintained since the dawn of Bitcoin. This proof-of-stake (PoS) mechanism...
Bitwise Launches Solana Staking ETP on Deutsche Börse Xetra
Bitwise Asset Management has made a significant move in the crypto investment market by launching the Bitwise Solana Staking ETP (BSOL) on the renowned Deutsche Börse Xetra. This new product is designed to offer...
Sora Ventures Launches $150M Fund to Implement MicroStrategy’s Bitcoin Strategy in Asia
Sora Ventures Launches $150M Fund to Implement MicroStrategy's Bitcoin Strategy in AsiaSora Ventures, a prominent investment firm, has made waves in the financial world by launching a groundbreaking $150 million fund focused on replicating...
Altcoin ETFs to Fuel Explosive Growth in Crypto Market by 2025
Bloomberg's senior ETF analyst, Eric Balchunas, recently shared his insights on the potential impact of altcoin ETFs on the crypto market in 2025. According to Balchunas, the approval of over 40 altcoin-related ETFs could...
Achieving Homeownership Dreams: How Crypto Windfalls Are Helping Low-Income Americans
Low-income Americans are turning their crypto windfalls into opportunities for homeownership, according to a recent report from the Office of Financial Research. The report shows that in areas where a high percentage of households...