Ethereum Surpasses $3.3K Amidst Anticipation of ETF Approvals This Week

The price of Ether has surged past $3,300, driven by expectations that spot ETH exchange-traded funds (ETFs) might debut by the end of this week. Currently, Ether is trading at $3,331, marking a 16% increase from its price of $2,909 last week, according to TradingView data. ETF analyst and president of The ETF Store, Nate […]

Bitcoin and Ether lead $17.8B crypto inflows

Investment products focused on digital assets have achieved a new milestone with over $17.8 billion in inflows year-to-date (YTD), suggesting the onset of a potential recovery in the crypto market. This record follows a week where cryptocurrency investment products attracted $1.44 billion in inflows. CoinShares data reveals that the 2024 year-to-date inflows have surged to […]

Spot Bitcoin ETFs Experience Largest Single-Day Inflows in Over a Month

On July 12, United States-based spot Bitcoin exchange-traded funds (ETFs) saw an influx exceeding $310 million, marking their most successful day since June 5. BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund led the pack with inflows of $120 million and $115.1 million, respectively, as reported by Farside Investors. Following these were […]

German Government Sells Remaining Bitcoin Holdings

On July 12, the German government completed the sale of its remaining Bitcoin holdings, as reported by Arkham Intelligence. The final transaction involved the transfer of 3,846 Bitcoin to “Flow Traders and 139Po,” described by Arkham as “likely institutional deposit/OTC service.” This marked the culmination of several weeks of heightened selling pressure from the German […]

Spot Ether ETFs to Receive Final Approval Soon, Listings Scheduled for Next Week

Issuers of spot Ether exchange-traded funds (ETFs) are on the brink of receiving final regulatory approval, according to a source with knowledge of the situation. This approval could pave the way for these ETFs to start trading as early as next week. The United States Securities and Exchange Commission (SEC) is expected to provide final […]

Institutional Investors Acquire 100K BTC in a Week Amid Market Dip

Institutional investors in Bitcoin are seizing the opportunity to “buy the dip” as BTC price hovers near its multimonth lows, according to a recent analysis. In a Quicktake blog post dated July 11, the on-chain analytics platform CryptoQuant reported that 100,000 Bitcoin were purchased within just one week. Bitcoin institutional investors are not only buying, […]

Cryptocurrency Trading Volume Projected to Surpass $108 Trillion in 2024, Led by Europe

Global cryptocurrency trading is experiencing significant growth, with a recent study by CoinWire projecting that the industry’s trading volume will surpass $108 trillion by the end of 2024. The study indicates that this end-of-year figure represents a 90% increase compared to 2022. The United States is expected to have the highest crypto trading volume for […]

German Government’s Bitcoin Wallet Falls to 5,800 BTC After Significant Sale

The German government resumed the sale of its Bitcoin holdings on July 12, following the return of previously transferred BTC to its Bitcoin wallet. According to Arkham blockchain data, the government conducted multiple transactions, moving a total of 3,200 Bitcoin across various platforms. Recent transfers indicate that Bitstamp, Kraken, and Coinbase each received 400 BTC. […]

Goldman Sachs Set to Introduce Three New Tokenization Products This Year: Report

Goldman Sachs is gearing up to introduce three new tokenization products in the United States and Europe later this year. This move comes in response to a significant rise in client interest in cryptocurrencies, as reported by Fortune following an interview with Mathew McDermott, the global head of digital assets at the investment bank, on […]

Bear or Bull: 49% Show Optimism Towards Crypto

A recent survey by CoinGecko, conducted over the last two weeks with over 2,500 respondents, has found that roughly half of the crypto community remains optimistic about the market’s future. The survey, released on July 10 and conducted from June 25 to July 8, included 2,558 participants, 94% of whom are either crypto holders or […]