Choreo, a wealth management firm managing over $27 billion in assets, recently revealed a significant investment in Bitcoin exchange-traded funds (ETFs). This amounts to roughly $6.5 million spread across several different Bitcoin ETFs. Breaking Down the Investment The filing with the SEC showed Choreo’s holdings as of June 30th: iShares Bitcoin Trust ETF (IBIT): Over…
Bitcoin’s price has skyrocketed since 2009, hitting a high of $122,000. But is it too late to jump on the bandwagon? Some experts say absolutely not. Bitcoin: Still in its Early Days? Fundstrat Global Advisors co-founder Tom Lee believes buying Bitcoin now is still early in the game. In a recent interview, he argued that…
XRP is making headlines, and a new cryptocurrency is riding its coattails. Let’s dive in! XRP’s Price Surge Huge investors recently bought a whopping $3.8 billion worth of XRP in just four days! This massive purchase fueled a price increase, pushing XRP closer to its all-time high (ATH). The price jumped from around $2.85 to…
Ethereum’s derivatives market is exploding! The total value of open derivative positions (think bets on ETH’s price going up or down) just hit a record-breaking $30 billion. This is a huge deal. What’s Open Interest? “Open Interest” is a fancy term for the total number of outstanding derivative contracts on all the major exchanges. It’s…
Bitcoin is booming, and even massive investment funds are taking notice. Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has quietly become a major indirect Bitcoin holder. Norway’s Stealth Bitcoin Strategy A recent analysis revealed that NBIM’s indirect Bitcoin exposure has skyrocketed. The fund now holds around 7,161 Bitcoin, worth roughly $844…
Chainlink (LINK) is on fire! The price has jumped over 27% in a week, blasting past $21. What’s driving this surge? A mix of big institutional buys, growing adoption, and a killer partnership. Big Players are Buying In Whale activity is off the charts. We’re talking millions of dollars worth of LINK being scooped up,…
The US just passed the GENIUS Act, opening the door for big banks to get into stablecoins. This is a huge deal for crypto, and places like Bank of America, Fiserv, and Morgan Stanley are already looking into it. But is it all smooth sailing? Not quite. Should Companies Make Their Own Stablecoins? While the…
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The Biden administration’s “Operation Chokepoint” was a controversial effort to essentially shut down the crypto industry by cutting it off from banks. Let’s break down what happened and how Trump reversed it. What Was Operation Chokepoint? Venture capitalist Nic Carter exposed Operation Chokepoint in 2023, revealing a coordinated campaign to squeeze crypto businesses out of…
Ethereum’s been on a roll lately, climbing over 44% in just one month! It’s outperforming even Bitcoin, and it’s not just the price that’s exciting. The options market is booming too. Record-High Open Interest The amount of open interest in Ethereum options has skyrocketed. Open interest is basically how many options contracts are currently outstanding…
