Hong Kong’s attempt to establish a spot ETF market for Bitcoin and Ethereum hasn’t been as successful as the US market. While the initial launch saw a lot of interest, the ETFs haven’t attracted as much investment as expected. Bitcoin ETFs: A Mixed Bag Hong Kong launched six Bitcoin ETFs in April, raising a significant…
Russian authorities are cracking down on illegal crypto mining operations, especially in the southern Republic of Dagestan. Hidden in Plain Sight The Dagestan government is calling for stricter enforcement against illegal crypto mining farms. The region’s prime minister, Abdulmuslim Abdulmuslimov, says miners are constantly coming up with new ways to hide their operations. Recently, authorities…
Two big names from different worlds are now sharing a room in a notorious Brooklyn jail. Diddy and SBF: An Unexpected Pairing Rapper and music mogul Sean “Diddy” Combs and former FTX CEO Sam Bankman-Fried, once household names in their respective fields, are now both inmates at the Metropolitan Detention Center (MDC) in Brooklyn. Diddy…
Crypto is catching the attention of some of the most influential people in finance. Matt Hougan, the Chief Investment Officer of Bitwise, recently shared some interesting insights about the growing trend of financial advisors investing in crypto. Advisors are Buying Crypto for Themselves At a recent financial conference, Hougan asked the attendees if they owned…
Arthur Hayes, the former BitMEX CEO, has sold off a big chunk of his family office fund’s holdings in the DeFi token PENDLE. He unloaded 1.59 million PENDLE for $5.62 million, taking a loss of $1.29 million. Hayes’s Explanation Hayes explained on X (formerly Twitter) that his fund, Maelstrom, reduced its PENDLE position to free…
Genesis, the bankrupt crypto lending firm, is on the move again. They’ve reportedly transferred a massive amount of Ethereum (ETH) – nearly $360 million worth – to another wallet. Blockchain sleuths at Arkham spotted the transfer. They believe the original wallet belongs to Genesis Trading: Bankruptcy Distribution, but the receiving wallet might also be linked…
A popular crypto analyst is predicting big things for Sui (SUI), a new blockchain platform that’s being called a “Solana killer.” He believes SUI is on track to reach new all-time highs, potentially even before Bitcoin. Sui’s Rise The analyst, who goes by the name Bluntz on social media, says SUI’s recent surge in price…
The crypto world is about to get a whole lot more exciting. The SEC just approved options on BlackRock’s Bitcoin ETF, and one expert thinks it’s going to be wild. Options Unleash New Possibilities Jeff Park, head of alpha strategies at Bitwise, says this approval is a huge deal for Bitcoin. Options allow investors to…
Bitcoin has been looking pretty good lately, and some experts think it’s about to take off. A Big Jump is Coming Captain Faibik, a crypto expert, believes Bitcoin is on the verge of a major rally. He sees a pattern called a “Broadening Wedge” forming on the charts, which suggests a breakout is coming. He…
Bitcoin has been on a roll lately, surging over 11% since Tuesday after the Federal Reserve announced a rate cut. This news gave investors a boost, pushing Bitcoin past the $60,000 mark – a psychologically important level that signaled a shift in market sentiment. Bitcoin Liquidity Above $65,000 Now, Bitcoin is testing new highs, and…
