The US Securities and Exchange Commission is edging toward a structural makeover of spot‑Bitcoin and Ethereum exchange‑traded funds, after five Cboe BZX‑listed products simultaneously asked to swap their cash‑only creation and redemption model for the in‑kind mechanics long used by commodity and equity ETFs. Filings submitted late on 22 July cover the ARK 21Shares Bitcoin ETF and the…
Arthur Hayes, co-founder of BitMEX, has predicted that Bitcoin could reach $250,000 and Ethereum $10,000 by the end of 2025. In a recent blog post, Hayes laid out his thesis, tying the potential price surge to U.S. President Donald Trump’s economic policies and what he describes as a shift to a wartime economy. Crypto to…
Over the past 24 hours, the cryptocurrency market capitalization has dropped by 3.3%, but it still holds at $4 trillion. That said, the market is up today, with the large majority of the top 100 coins per market capitalization increasing in this period. At the same time, the total crypto trading volume is at $222…
JPMorgan is reportedly considering loans backed directly by clients’ Bitcoin and Ethereum holdings, a move that would pull TradFi further into crypto. JPMorgan Could Launch Crypto-Backed Loans As Soon As Next Year According to a Financial Times report, JPMorgan Chase is exploring plans to offer its clients the option to use their cryptocurrency holdings as…
Australia’s only ASX-listed cryptocurrency fund manager, DigitalX, has increased its Bitcoin holdings with the purchase of 74.7 BTC for approximately $8.8 million. Key Takeaways: DigitalX has boosted its Bitcoin holdings to nearly 500 BTC, now valued at over $100 million. The firm allocated $12.8 million from a recent capital raise toward Bitcoin accumulation. DigitalX joins…
The Financial Supervisory Service (FSS), South Korea’s integrated financial regulator, has recommended asset management firms “not to excessively include” crypto stocks like Coinbase and Strategy in their ETFs portfolios. The regulator has issued verbal guidance to domestic firms, restricting the proportion of crypto companies in ETFs, Herald reported. The directive indicates that the 2017 administrative…
SpaceX has jolted the on‑chain ledgers for the first time in more than three years, dispatching 1,308 bitcoin—worth roughly $153 million at today’s market rate—to a fresh, unlabeled SegWit address. “At 13:09 (UTC+8) today, the SpaceX‑labeled address 15oKQ7…i7Jf1G transferred 1,308 BTC (worth approximately $153 million) to bc1q8k…phartf,” Chinese market‑monitor Wu Blockchain reported, citing Arkham Intelligence’s real‑time tracking tools. Arkham’s portfolio page shows that the coins left a…
Bitcoin’s price remains in a zone where it is seeing little upward momentum as it continues to hover below its recent all-time high. After reaching above $123,000 earlier this month, the asset has pulled back slightly, trading at $119,343 at the time of writing. This represents a 2% gain over the past week but still…
Pittsburgh-based financial services corporation PNC Bank has announced adding Coinbase’s Crypto-as-a-Service platform, enabling customers to buy, hold and sell crypto. The crypto move announced on Tuesday said that PNC will also offer “best-in-class” banking services to Coinbase. The PNC-Coinbase deal comes amid growing demand for regulated crypto offerings. “This collaboration enables us to meet growing…
As bullish macroeconomic conditions and market sentiment persist, Bitcoin saw a remarkable reaction to these positive developments, leading to a surge to new heights. In the meantime, BTC’s powerful rally to a new all-time high has flipped several key on-chain metrics toward a positive trend. Long-Term Bitcoin Holders SOPR See Major Uptick Bitcoin has displayed…