On October 16th, BlackRock’s iShares Bitcoin Trust (IBIT) marked a significant milestone by attracting a remarkable net inflow of approximately $393.4 million. This surge comes in the wake of similar substantial inflows observed earlier in July, where IBIT amassed $526.7 million in new investments. The excitement surrounding Bitcoin Exchange-Traded Funds (ETFs) is palpable, with total
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Recent revelations surrounding political donations by prominent venture capitalists highlight the growing intersection of cryptocurrency and political influence. Notably, Marc Andreessen and Ben Horowitz have each contributed substantial sums—$2.5 million each—to a super PAC, Right For America, which champions former President Donald Trump. Such financial maneuvers underline a strategic alignment between the tech sector, particularly
In an exciting turn of events for the cryptocurrency market, Grayscale Investments has formally approached the U.S. Securities and Exchange Commission (SEC) with a proposal to transform its mixed-crypto fund into an exchange-traded fund (ETF). This initiative aligns with the mounting interest and competitive activities within the crypto investment sphere, notably with Canary Capital’s simultaneous
In recent weeks, the cryptocurrency landscape has faced turbulence, predominantly instigated by geopolitical shifts. The ongoing conflict between Iran and Israel has become a focal point, creating a ripple effect that has unsettled major cryptocurrencies like Bitcoin and Ethereum. While a partial recovery in prices was observed by mid-October, the undercurrents of volatility continue to
World Liberty Financial (WLF), a decentralized finance (DeFi) protocol with significant public interest, began its public token sale on a high note, collecting approximately $11.49 million within the first 24 hours of the sale. Despite the initial surge, this amount only constitutes about 3.8% of the $300 million target set by WLF in its ambitious
The digital asset landscape has experienced rapid evolution, prompting various political figures to outline their stances on cryptocurrencies and related technologies. Vice President Kamala Harris has recently made a commitment to establish protective measures for crypto investors, with a pronounced emphasis on engaging black men within this segment of the market. This initiative is part
Recent reports indicate that Tesla has executed a substantial transfer of its Bitcoin holdings, amounting to approximately 11,500 BTC, valued around $760 million. This movement was detailed by Arkham Intelligence, which tracked a total of 26 transactions carried out on October 15. Notably, the wallet from which these Bitcoins were withdrawn had remained inactive for
The cryptocurrency market continuously evolves, and within this landscape, the Sui Foundation has come under scrutiny due to allegations regarding insider trading surrounding its native token, SUI. As the organization behind a layer-1 blockchain ecosystem, the Sui Foundation has publicly addressed claims that insiders sold $400 million worth of SUI tokens following a significant price
In a noteworthy move, Ethereum’s co-founder, Vitalik Buterin, recently liquidated 651.6 ETH, amounting to approximately $1.62 million, primarily from meme coins. This sale aligns with his longstanding commitment to philanthropy, a drive that has become emblematic of his career. Significant transactions included the disposal of 10 billion MOODENG for 395.95 ETH (about $982K) and 200,000
Ripple’s ongoing legal struggle with the US Securities and Exchange Commission (SEC) has captured considerable attention within the cryptocurrency community and beyond. Ever since the SEC initiated its lawsuit against Ripple Labs in late 2020, claiming that the company’s XRP token should be classified as a security, the legal proceedings have unfolded in a complex
