While the 12-day inflow streak for spot Bitcoin ETFs ended, the same cannot be said for their Ethereum counterparts. In fact, spot Ethereum ETFs have extended their 12-day inflow streak. On July 21 alone, spot BTC ETFs saw $131 million in outflows. This represented the first net withdrawals during this rally toward Bitcoin’s all-time high,…
Binance’s unrealized profit on its Bitcoin reserves has reached an all-time high of around 60,000 BTC. The latest data revealed that Binance’s BTC reserves have been on a steady decline since September 2024, from approximately 631,000 BTC to 574,000 BTC, even as the crypto exchange’s unrealized gains on these holdings continue to climb. Bitcoin Reserves…
Ethereum’s current rally has reignited talk of an incoming altseason, but not everyone is convinced the party will last. Market intelligence platform Santiment has warned that growing chatter about an altseason could signal an impending spike in volatility, citing historical patterns of market reversals following crowd euphoria. Signs of Altseason Emerge Over the past three…
After trading steadily downward for the first four months of the year, Ethereum has rebounded strongly and is currently up more than 65% over the last 30 days. The reason for this rip is “overwhelming demand” from exchange-traded products and corporate treasuries, said Bitwise chief investment officer Matt Hougan on X on Wednesday. The executive…
Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase. According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin…
Tron founder Justin Sun will join the next Blue Origin crewed flight, the company announced Tuesday. He is the latest high-profile figure to board Jeff Bezos’ New Shepard rocket. Sun won the first New Shepard seat in a 2021 auction with a $28 million bid that funded 19 space-focused charities, but couldn’t attend the July…
Since April, decentralized finance (DeFi) protocols have added approximately $49 billion in net total value locked (TVL). Interestingly, Aave accounted for around $15 billion of this increase and represented roughly 31% of the total growth across DeFi platforms during the period. Aave Leads the Pack The latest figure means that for every $10 billion added…
The global asset manager has taken a surprising step by shuffling some of its assets under management. Meanwhile, ether has been experiencing significant institutional demand, driven by the growing popularity of companies focusing on building ETH treasuries. Restructuring of Assets The CEO and founder of investment management firm ARK Invest, Cathie Wood, has shifted the…
JPMorgan is reportedly looking at offering loans backed by customer-held crypto assets, such as Bitcoin (BTC) and Ethereum (ETH). If implemented, it would mark a major shift for CEO Jamie Dimon, who once called Bitcoin a “fraud” and predicted it would collapse. Crypto-Backed Loans Could Start Next Year The Financial Times revealed that the bank…
Coinbase has officially launched CFTC-regulated perpetual futures for U.S. traders through its Coinbase Financial Markets (CFM) platform. This development marks the first time American retail investors can access these derivatives in a fully regulated environment. Coinbase’s Offering As of Monday, the company has joined the expanding list of exchanges offering regulated derivatives in the U.S….