Fresh off Bitcoin’s climb past $37,000, CoinShares Head of Research James Butterfill told Decrypt on Friday that investors have poured over $1.07 billion into digital asset investment products so far this year. The recent activity represents a notable jump from the $847 million in annual inflows that CoinShares relayed Monday. The report covers allocations to products like Grayscale’s Bitcoin Trust…
Bitcoin mining revenue has hit a new yearly high, as the price of the cryptocurrency surged this week amid widespread excitement surrounding the possible approval of a U.S. spot Bitcoin ETF by the SEC. Per data from Blockchain.com, BTC mining revenue hit $42,386,514.038 on November 9, topping its previous yearly high of $41,744,197.067 set on May 8, 2023. For context:…
After 2021, we entered an era in cryptocurrency where people stopped talking only about financial decentralization and started to broadly discuss the tokenization of everything, thanks in part to nonfungible tokens (NFTs). This shift represents a critical perspective that is set to guide three theses for the upcoming bull market. To fully grasp these theses, it is crucial to understand…
Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a letter dated Nov. 10 and posted on the website of EY that he and fellow IJM Ee Meng…
News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC). Market observers are increasingly optimistic that spot Bitcoin ETFs will be greenlighted by the United States Securities and Exchange…
Crypto tokens tied to gaming-centric networks and high-profile games in the Ethereum ecosystem are among the biggest gainers in a broadly green market, with tokens like Illuvium (ILV), Ronin (RON), and Immutable (IMX) marking massive double-digit percentage gains over the past week. Illuvium, an anticipated NFT game that runs on Immutable X, marked an 86% price jump over the past…
Solana (SOL) has continued its seemingly unstoppable surge and is now trading for more than $50 per coin. The seventh biggest digital asset is booming so much, it’s not too far from overtaking USDC in terms of market capitalization. The dollar-pegged stablecoin currently has a market cap of $23.9 billion. Meanwhile, SOL has added more than $3 billion to its…
The emergence of generative AI since last November has cast a shadow over the future of high-paying white-collar jobs, reported The Financial Times today. Pointing to research from August produced by OpenAI, the creator of the mega-popular ChatGPT app, and the University of Pennsylvania, the FT indicated that jobs with higher salaries are more vulnerable to AI disruption. Moreover, those earning…
Singapore-based cryptocurrency lending platform Hodlnaut has been ordered by the High Court to liquidate, according to a court document dated November 10. The court appointed Aaron Loh Cheng Lee and Ee Meng Yen Angela, both from corporate advisory firm EY, as the joint liquidators of Hodlnaut. This comes after the two were appointed as interim judicial managers on August 29…
Galaxy Digital founder and CEO Mike Novogratz says approving a Bitcoin spot ETF is not “a matter of if but when,” which will drive institutional investment in t… Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-etf-will-drive-adoption-in-2024-mike-novogratz
