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28 April 2024 08:56

🇨🇦 Institutional Interest in Crypto Assets Surges in Canada: KPMG Report

Institutional investors in Canada substantially increased their cryptocurrency exposure last year compared to the previous bull market cycle, according to a recent survey by accounting firm KPMG. The consulting group’s bi-annual survey, “Institutional Adoption of Cryptoassets,” received 65 responses, including 31 institutional investors managing over $500 million in assets and 34 financial services organizations.

Source

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27 April 2024 05:44

💰 Fidelity’s spot bitcoin ETF records outflow for first time

Fidelity’s spot bitcoin exchange-traded fund saw daily net outflows of $22.61 million on Thursday, becoming the first day the ETF saw more funds move out since its January listing, according to SoSoValue data. Several other U.S. bitcoin funds reported daily outflows, totaling a drainage of $217.58 million. Grayscale’s converted ETF lost $139.37 million, while Ark Invest and 21Shares’ fund saw $31.34 million move out, SoSoValue data showed. Valkyrie’s fund lost $20.16 million and Bitwise saw an outflow of $6 million.

Source

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25 April 2024 18:17

💰 Bitcoin mining difficulty rises for first time immediately after a halving amid Runes fee frenzy

Bitcoin mining difficulty rose 2% on Wednesday to hit a new all-time high in the first adjustment since last week’s halving event. The difficulty adjustment came at block height 840,672, reaching a record of 88.1 trillion, according to Bitbo data — marking the first time Bitcoin mining difficulty has risen in the first adjustment following a halving.

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24 April 2024 19:12

📣 Robinhood lists SHIB, AVAX, COMP for trading in New York

Robinhood has opened trading of Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) for New York residents. The latest batch of listings bring Robinhood's total number of tradable tokens in the Empire State to 11: New Yorkers can buy and sell bitcoin (BTC), ether (ETH), dogecoin (DOGE), Shiba Inu, Avalanche, bitcoin cash (BCH), chainlink (LINK), litecoin (LTC), ethereum classic (ETC), aave (AAVE) and compound, according to the company's email to New York residents, which was seen by The Block.

Source

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23 April 2024 19:12

💰 ViaBTC auctions 'epic sat' after mining Bitcoin's halving block and holding back rewards

Bitcoin mining pool ViaBTC is auctioning the "epic sat" after mining Bitcoin's fourth halving block on Friday and setting aside 40.75 ($2.6 million) in rewards. "The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the Bitcoin ecosystem — has officially begun!," ViaBTC posted on its official X account earlier on Tuesday. "We're thrilled to partner with [crypto exchange] CoinEx Global for this monumental event.".

Source

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22 April 2024 20:37

💰 Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day

Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes.

Source

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22 April 2024 09:59

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21 April 2024 10:35

💰 The Bitcoin Halving explained.

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20 April 2024 07:41

💰 Spot Bitcoin ETFs Record 5 Consecutive Day of Outflows; Analyst Declares Cool-Off 'Totally Normal'

The newly launched spot bitcoin ETFs have been active on the stock market for 99 days, having commenced trading on Jan. 11, 2024. Throughout this period, they have experienced significant trading volumes, marked by substantial inflows from entities such as IBIT and FBTC, as well as notable outflows, particularly from GBTC. During Thursday’s trading sessions, the market observed another net outflow totaling $4.3 million, following a more substantial outflow of $165 million the previous day.

Source

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19 April 2024 09:03

💰 URPD metric indicates a lack of liquidity for Bitcoin below $60,000

Bitcoin experienced a 4% rally on April 18, bouncing back from just below $60,000 on April 17. CryptoSlate has identified $58.8k as a major support level — which is the short-term holder realized price (STH RP) that has previously acted as support during bull runs. If Bitcoin drops below the support level, it could signal a bearish trend, similar to the breach of STH RP in May 2021 that kicked off the bear market.

Source

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18 April 2024 10:11

♦️ Polkadot parachain Polimec aims to transform Web3 fundraising via decentralized platform

Polkadot’s parachain Polimec wants to revolutionize fundraising for Web3 projects through an innovative approach that sets it apart from rivals. Co-founder Kasper Mai Jørgensen further explained that Polimec enables fundraising directly on-chain without intermediaries in a transparent, fully decentralized, and regulatory-compliant manner. The project was conceptualized in 2020 by the team behind KILT Protocol and later became an independent project with its own non-profit organization in June 2022.

Source

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17 April 2024 08:56

💰 Despite weekend dip, bitcoin's market dominance hits highest level since April 2021

While the stock market was closed this weekend and unable to react to the news of Israel being the target of an Iranian drone attack, the crypto market was ready to respond. Assets across the board took a dip as traders recalibrated their portfolios and scaled back risky bets. Bitcoin itself fell from over $70,000 on Friday, April 12, to just over $63,000 at the end of April 13, dropping roughly 11.6% from its high on Friday to its low on Saturday.

Source

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16 April 2024 08:46

🪙 Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the top liquid staking derivatives (LSD) protocols. On April 1, 2024, these platforms collectively held 13.53 million ETH across 27 distinct decentralized finance (defi) platforms, as per archived data from defillama.com. Presently, after this decline, approximately 13.15 million ETH, valued at $41.5 billion based on current exchange rates, remains.

Source

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15 April 2024 07:05

🏦 Coinbase Files Appeal Over ‘Investment Contracts’ in 🇺🇸 SEC Battle

American crypto exchange Coinbase has filed a motion to certify an appeal in the lawsuit brought by the Securities and Exchange Commission (SEC) against it. On April 12, Coinbase’s legal counsel filed a brief asking the court’s permission to seek an interlocutory appeal in its case. The controlling question was whether an “investment contract” requires something contractual. Coinbase believes it does, whereas the SEC disagrees.

Source

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13 April 2024 16:36

💰 Solana deploys congestion fix on devnet

Solana developers have released a new version of the validator client software to address persistent congestion issues and are urging validators to upgrade immediately. Validator clients, essential in proof-of-stake blockchains like Solana, verify transactions to ensure compliance with network rules and confirm the sender’s fund sufficiency before appending new blocks to the blockchain. Anza, a spinoff of Solana Labs, spearheaded the development with the release of version 1.18.11 aimed at mitigating network congestion.

Source

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27 April 2024 20:34

🪙 Franklin Templeton lists Ethereum ETF on DTCC

Asset management firm Franklin Templeton has listed its spot Ether exchange-traded fund (ETF) — the Franklin Ethereum TR Ethereum ETF (EZET) — on the Depository Trust and Clearing Corporation (DTCC) website, a significant platform for securities transactions in the United States. The DTCC website’s “Create/Redeem” column lists the ETF, indicating its availability for creation and redemption.

Source

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26 April 2024 08:36

🪙 USDT's exchange balance hits highest level in a year and keeps rising

Exchanges are holding more of Tether's USDT. The 7-day moving average of the change in USDT held by exchanges reached $568 million earlier this month, the highest it's been in a year. The moving average has remained positive since the start of February, indicating consistent growth of exchanges’ USDT holdings.

Source

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25 April 2024 09:36

🇨🇦 KPMG survey reveals significant uptick in institutional adoption of crypto in Canada

The Canadian financial sector witnessed a significant uptick in crypto adoption in 2023, according to a recent survey by KPMG in Canada. Financial Services: 50% of respondents now provide at least one type of cryptoasset service, increasing from 41% in 2021. Crypto trading, custody, clearing, and settlement services saw substantial growth, with 52% of firms now offering trading services, up from none reported in the previous survey.

Source

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24 April 2024 08:03

💰 Bitcoin has room to trend higher in less leveraged market: Standard Chartered

Bitcoin, along with the rest of the cryptocurrency market, may trend higher following the liquidation of highly elevated leveraged positions before the halving, an analyst said Tuesday. The week leading up to last Saturday's bitcoin halving saw a flush-out of a substantial amount of leveraged long positions, when bitcoin fell to a recent low below the $60,000 level.

Source

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23 April 2024 09:01

💰 Post-Halving Fee Madness on the Bitcoin Network After the Introduction of Runes

Bitcoin’s brief record-breaking fees were due to the frenzy of activity on the new Runes Protocol, which went live on the halving day. The average Bitcoin transaction fee dropped on Sunday after reaching a record high the day before. Following the much-anticipated halving, the average fee per Bitcoin transaction hit a record high of $128.45 stemming from Runes. However, data from YCharts revealed that the figure subsequently fell to $34.8 million on April 21.

Source

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22 April 2024 10:08

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21 April 2024 21:34

💰 Mt Gox: Euphoria Hits Community As New Repayment Date Comes Into View

Mt Gox may be nearing the final stage of its much-anticipated repayment process to its creditors as the community recently took to Reddit to celebrate the new updates on its website. One Reddit user dubbed Due_Career_4786 stated that the Mt Gox website went down a few days ago due to some suspected technical discrepancies. He precisely mentioned that the glitch was a function of an ongoing update being carried out on the platform.

Source

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20 April 2024 18:49

🥇 Bitcoin mining stocks saw spikes across the board ahead of halving event

Several Bitcoin mining firms listed on the Nasdaq stock exchange closed the trading week with a noticeable 24-hour increase in share prices in the lead-up to the Bitcoin halving event. On April 20, Bitcoin celebrated its fourth-ever halving event, and the date was likely firmly marked in the calendars of Bitcoin mining firms as it can significantly disrupt business operations.

Source

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19 April 2024 19:03

💰 Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record

Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s).

Source

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18 April 2024 18:34

🪙 Tether announces plan to reorganize into four new divisions

Tether, the issuer of the stablecoin, announced it is reorganizing to venture into broader digital asset sectors. The company's USDT stablecoin will be managed by a group called "Tether Finance," while another division, named "Tether Power," will manage the company's investments in bitcoin mining. A third division, "Tether Data," will oversee strategic investments in technology, including artificial intelligence (AI). Finally, a division called "Tether Edu" will house various educational initiatives.

Source

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17 April 2024 19:49

🇳🇴 Norway to Target Cryptocurrency Mining Through Data Center Regulation

Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is an unwanted business in the country.

Source

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16 April 2024 18:52

🇭🇰 Hong Kong spot bitcoin ETFs could go live as soon as this month: OSL

Hong Kong asset managers, including units of China Asset Management (ChinaAMC) and Harvest Global, may soon launch their spot bitcoin exchange-traded funds as early as later this month, OSL confirmed with The Block today. “Reports suggest a spot ETF may start in late April, with a spot ETF following shortly after,” said Patrick Pan, chairman of the board and CEO of OSL. “All parties are working expeditiously to complete the process. However, exact dates remain unconfirmed at this time.”

Source

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15 April 2024 19:38

💰 Solana leads crypto recovery despite global stock tumble over geopolitical concerns

The native cryptocurrency of the Solana network has led a rebound in the cryptocurrency market after major tokens dipped amid concerns over a wider conflict in the Middle East. Solana gained over 6% in the past 24 hours and was changing hands for $154.34 at 4:25 a.m. ET. Bitcoin increased 2.56% and ether gained over 5% in the same period, according to The Block's Price Pages.

Source

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14 April 2024 08:56

💰 Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour 📉

By 4:00 p.m. Eastern Time on Saturday, bitcoin’s (BTC) price dipped below the $62,000 threshold after hovering around $67,000 for most of the morning’s trading sessions. The cryptocurrency experienced a 7.7% decrease within three hours, triggered by a flurry of panic selling that started at 1:00 p.m. Two-week statistics indicate that bitcoin has fallen 8.7% compared to the U.S. dollar, while trading volume soared to $41.63 billion throughout the day.

Source

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12 April 2024 18:37

💰 Bitcoin and Ethereum ETFs could launch in Hong Kong before halving

Hong Kong is poised to approve the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether potentially as soon as Monday. This key development, as reported by Bloomberg, involves key financial players, including an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital.

Source

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