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Crypto News

Cboe Resubmits 5 Bitcoin ETFs, Incorporating Coinbase Surveillance Deals

Exchange operator Cboe Global Markets has made changes to five Bitcoin Exchange-Traded Fund (ETF) applications to include an agreement with Coinbase. The agreement, called a surveillance-sharing agreement (SSA), is meant to meet regulatory standards set by the Securities and Exchange Commission (SEC) to prevent fraud and protect investors. The initial filings for the ETFs mentioned the expectation of entering into an SSA. Other companies like Fidelity, Invesco, WisdomTree, Valkyrie, and BlackRock have also filed ETF applications with the SEC. The news of Cboe's amendments caused Coinbase shares to rise by almost 10%.

cointelegraph - 1141 ngày trước

Macro Expert Raoul Pal Expects Ethereum to Break Records This Year, Boosted by Dollar's Weakness

Real Vision CEO Raoul Pal believes Ethereum (ETH), a smart contract platform, will reach new record highs by the end of the year. He predicts that the Nasdaq-100 Index (NDX) will also achieve new all-time highs in the next five months, and Ethereum will follow suit. Pal attributes the NDX's strong performance to trends such as artificial intelligence (AI) and a weakening US dollar. Additionally, he expects the US dollar index (DXY) to break its support at 100, which could benefit risk-on assets such as Bitcoin (BTC) and other cryptocurrencies.

The Daily Hodl - 1141 ngày trước

Market Report Unveils Astounding $448 Billion Evaluation for Crypto Custody Market in 2022

The digital asset industry, including cryptocurrencies, grew to over $3 trillion in 2021. However, the custodial part of the market, which involves securely holding these assets, was valued at $447.9 billion in 2022. A recent report by PricewaterhouseCoopers (PwC) and Aspen Digital highlights the importance of custody services. The report mentions the rise of interest in crypto staking and nonfungible tokens (NFTs) as key developments attracting institutional investors. Security and insurance policies are major challenges for custodians, and the report suggests a five-step approach for investors to select a reliable custody service provider.

cointelegraph - 1141 ngày trước

'Rich Dad' author R. Kiyosaki Forecasts Bitcoin Surge to $120k, Declares End of USD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has advised people to consider assets like Bitcoin as a hedge against the potential decline of the US dollar as the global reserve currency. He suggests that the heads of state from BRICS countries (Brazil, Russia, India, China, and South Africa) will announce a gold-backed cryptocurrency at their upcoming summit. This move, along with other countries joining the coalition, could lead to inflation and a decline in the US dollar. Kiyosaki recommends investing in gold, silver, and Bitcoin, predicting that Bitcoin's price will reach $120,000 next year.

Finbold - 1142 ngày trước

Crypto Markets Attract Significant Inflows as Institutional Investors Remain Bullish, CoinShares Reports

Institutional investors are still showing strong interest in cryptocurrencies like Bitcoin and altcoins, according to CoinShares, a digital assets manager. Last week, there were over $136 million in inflows into the crypto markets, marking the third consecutive week of significant inflows. These investments have corrected the previous nine weeks of outflows, resulting in a net positive inflow of $231 million this year. Although trading turnover has slowed down recently, with lower volumes typically seen during July and August, Bitcoin remains the primary focus of investors, with $133 million in inflows last week.

The Daily Hodl - 1142 ngày trước

Staked Ethereum Now Holds 20% Share of the Total Supply

Approximately $45 billion, which is about 20% of all Ethereum in circulation, has been staked. Staking involves pledging tokens to the network to enhance security and earn rewards. Currently, around 24 million Ethereum is locked up across 744,000 validators, according to a dashboard on Dune Analytics. Ethereum shifted from proof-of-work to proof-of-stake in September last year, allowing staked Ethereum to be withdrawn since April. This milestone highlights Ethereum's progress towards a more environmentally friendly consensus model. Lido Finance and cryptocurrency exchanges like Coinbase, Kraken, Binance, and OKX are the popular choices for staking Ethereum.

Decrypt - 1142 ngày trước

Bitcoin ETF Approval Could Be Hard to Resist, According to Former SEC Chair

Former SEC Chairman Jay Clayton, in an interview, discussed the changing perception of Bitcoin and the potential for Bitcoin ETFs. Initially skeptical of the cryptocurrency, he now recognizes the progress made, particularly in institutional investment. Major market players supporting Bitcoin indicate growing confidence in its regulatory safeguards and trading capabilities. Clayton that if proper regulatory measures are in place, approving a Bitcoin ETF would be difficult to resist. However, he cautions that regulatory changes may take time due to the thoroughness of the process.

U.Today - 1142 ngày trước

Bitcoin Network's Hash Rate Reaches Unprecedented Heights, Posing Challenges for Miners

The Bitcoin network's hash rate has reached record highs, increasing mining activity and creating additional challenges for Bitcoin miners. The surge in hash rate occurred mainly over the weekend, with the 7-day average reaching 401 EH-s and the 3-day average rising by over 18% to 444 EH-s. This increase is attributed to miners resuming near full capacity after scaling back during extreme weather conditions. However, this upward trend may trigger a difficulty adjustment, posing further obstacles for miners as mining hardware prices rise and profitability remains low.

BeInCrypto - 1143 ngày trước

Bitcoin Whales Make Massive Accumulation of 71,000 BTC, Signaling High Confidence in the Cryptocurrency

Bitcoin sharks and whales, which are large holders of Bitcoin, have acquired an additional 71,000 BTC in the past three weeks, indicating their high confidence in the cryptocurrency. Despite Bitcoin's price remaining relatively stable, these addresses with 10 to 10,000 BTC have been accumulating more coins. This accumulation amounts to approximately $2.15 billion. The trend of increased accumulation by these major players aligns with the growing interest in Bitcoin, as demonstrated by financial giants like BlackRock seeking approval for spot exchange-traded funds (ETFs) linked to the cryptocurrency.

U.Today - 1144 ngày trước

DappRadar's Report Shows Bitcoin Trading Volume Soars by an Extraordinary 2,834% in Q2 2023

Bitcoin's volume of ordinal transactions, which involve inscribing digital assets to create NFTs, skyrocketed by 2,834% in Q2 2023, reaching $210.7 million, as reported by blockchain intelligence platform DappRadar. The platform also highlights the growing interest in Bitcoin and the increasing number of new traders, with 554,215 all-time trades and 150,969 unique traders. Additionally, the report reveals a 7.97% increase in daily active wallets interacting with DApps, indicating market recovery despite regulatory challenges. The gaming sector remains dominant in DApps, followed by decentralized finance (DeFi), while the NFT sector experiences a slowdown.

The Daily Hodl - 1144 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1072 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1072 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1072 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1072 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1073 ngày trước