Tag: Investments

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IBIT Options Trading Volume Hits $1.6 Billion by Mid-Day

Options trading for IBIT, the iShares Bitcoin Trust ETF, kicked off on November 19 at Nasdaq and quickly gained momentum. The trading volume surged to $446 million in the opening hours, with a significant...
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Maximizing Bitcoin Mining Revenue with AI Computing Solutions – Galaxy’s Latest Strategy

The fiercely competitive bitcoin mining industry is presenting miners with a clear choice: either transition to artificial intelligence (AI) computing or face financial losses. Galaxy Digital, founded by Michael Novogratz, is the latest company...
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Michigan State Pension Fund Exposes $11 Million to Ethereum ETFs

Michigan's state pension fund recently made headlines by disclosing an exposure of over $11 million to spot Ethereum exchange-traded funds (ETFs) in its latest 13-F filing. This move positions Michigan as the first state...
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Tax Benefits for Cryptocurrency Investments in Hong Kong

Virtual assets are potentially on track to receive new tax benefits in Hong Kong, according to Christopher Hui, the city's Secretary for Financial Services and the Treasury. This announcement was made during Hong Kong...
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Bitcoin and Ethereum ETFs: $1 Billion Inflows Signal Growing Interest

Bitcoin and Ethereum ETFs have been gaining significant attention in the investment world, with nearly $1 billion in inflows recorded since Friday. This surge in interest is a positive sign for the digital asset...
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Bitcoin and Crypto Market Outlook: Analyst Warns of Potential Pain Ahead

Bitcoin and other cryptocurrencies have had a tumultuous second quarter in 2024, with prices struggling to maintain their earlier highs. While the year began with bullish predictions of Bitcoin reaching $100,000, the reality has...
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Coinbase Declines to Facilitate Ocean-Fetch AI Merger

Coinbase recently made a statement declaring that it will not be facilitating the merger between Ocean Protocol (OCEAN) and Fetch.ai (FET) related to the Artificial Superintelligence Alliance (ASI) token merger. Instead, Coinbase plans to...
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Crypto Assets Rally in Americas as BTC Returns to $66K

Crypto assets in the Americas saw a rally with bitcoin rising to $66,300 and ether to $3,600. The broader digital asset market, measured by the CoinDesk 20 Index (CD20), climbed about 1%, with Avalanche's...
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Dogecoin Bulls Experience $60M Liquidations in Largest Impact Since 2021

Bullish bets on dogecoin (DOGE) futures took a hit with $60 million in long trades being liquidated, surpassing the liquidations seen for bitcoin (BTC) futures. This drop in prices for DOGE, over 10%, is...
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Bitcoin ETF Outflows Continue for Third Consecutive Trading Day: $145.9M Withdrawn

Bitcoin ETF outflows have continued for the third consecutive trading day, with a total of $145.9 million withdrawn. This trend is significant as it marks the fifth outflow in the past six trading days,...