After an exhaustive evaluation process, the U.S. Marshals Service (USMS), a pivotal division within the U.S. Department of Justice, has chosen Coinbase Prime as its exclusive partner for managing and trading “Class 1” (large cap) digital assets. This partnership underscores…
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Hong Kong Spot Bitcoin ETF Total Net Assets Increases to a Massive $236 Million After a $23 Million Inflow
The crypto market has been on a consistent decline, with Bitcoin’s price dropping to less than $58k. However, on July 3rd, the Hong Kong Spot Bitcoin ETF recorded a massive inflow of $23 million, increasing its total net assets. Below,…
Ether ETF Approval Expected by Mid-July as SEC Decision Nears
The landscape of cryptocurrency investment is on the brink of a significant shift as asset managers anticipate the approval of the first US Ether ETF. The Securities and Exchange Commission (SEC) is currently in discussions with applicants, setting the stage…
Fidelity ETF Records $65 Million Inflow After Weeks of Massive Outflows
Fidelity ETF (FBTC) is one of the pioneer spot Bitcoin ETFs. It has a 0.25% (0% fee waived until Aug. 1, 2024), and its Bitcoin holding is around 167,589 BTC in self-custody. However, it had a streak of bad moments…
Changpeng Zhao SEC Lawsuit Moves Forward Major Binance Legal Issues
The recent legal developments involving Binance and its co-founder Changpeng Zhao have sparked significant attention within the cryptocurrency industry. The bulk of a Securities and Exchange Commission (SEC) lawsuit against Binance and Zhao will proceed, as ruled by a US…
Solana ETF Filing by VanEck Faces Unique Regulatory Hurdles
VanEck’s recent move to file for an exchange-traded fund (ETF) holding Solana could represent a significant moment for the cryptocurrency market. While the path to approval may be challenging, the anticipation among digital-asset advocates highlights a growing interest in diversifying…
Bybit Becomes Second-Largest Crypto Exchange Globally
Bybit rise to the second-largest cryptocurrency exchange globally, overtaking Coinbase, is a testament to its strategic initiatives and market adaptability. Key factors include the successful launch of spot Bitcoin ETFs in the US, competitive trading fees, and a broad range…
Montenegro Prime Minister Invests Personally in Kwon’s Crypto Holdings raises controversy
Montenegro’s Prime Minister Milojko Spajic’s investment in Terraform Labs Pte cryptocurrency holdings has come to light through US court filings, raising critical questions about his connections to the now-collapsed company and its founder, Do Kwon. This revelation has sparked significant…
ICBC, World’s Largest Bank Praises Ethereum After Crossing the Key Support.
Key Highlights: ICBC Bank on Ethereum’s Growth The Industrial & Commercial Bank of China (ICBC), the world’s largest bank, has commended Ethereum. ICBC Bank called Ethereum the “digital oil” of the future. Thus this recognition underscores Ethereum’s vital role in…