Month: April 2024

On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle. Circle Provides BUIDL Off-Ramp This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC. BUIDL, […] Source: https://news.bitcoin.com/circle-unveils-smart-contract-service-for-blackrock-buidl-holders-to-convert-to-usdc/

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports It is just as likely that the Securities and Exchange Commission will reject a spot Ethereum exchange-traded fund (ETF) next month as it is to approve…

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Shiba Inu, renowned for its innovative approach in the blockchain sphere, has made history as the first layer 2 blockchain to join forces with the Content Distribution and Security Association (CDSA) in a bid to revolutionize blockchain technology for content security and distribution, with a primary focus on the media and entertainment sector. In collaboration with the Content Distribution and…

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Bitcoin’s price surged on Thursday following the European Central Bank’s (ECB) decision to maintain interest rates, marking the fifth consecutive meeting without a change in rates. The largest cryptocurrency by market capitalization saw a 1.5% increase over the past 24 hours, reaching $69,607 at 11:16 a.m. ET, according to data from The Block’s Price Page. This uptick in Bitcoin’s value…

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Bullish sentiment continues to decline among individual investors as inflation remains elevated. According to the American Association of Individual Investors (AAII) Sentiment survey, optimism about the stock market’s short-term outlook decreased for the second consecutive week. Currently, 43.4% of respondents express optimism, compared to 47.3% and 50% in the previous two weeks. Conversely, bearish sentiment rose to 24% from last…

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In the ongoing battle for dominance in the cryptocurrency investment landscape, BlackRock’s spot bitcoin exchange-traded fund (ETF) is making significant strides toward overtaking Grayscale as the largest crypto-based investment vehicle. Three months since the inception of spot bitcoin ETF trading, BlackRock’s IBIT fund is steadily closing the gap on Grayscale’s fund in terms of assets under management (AUM). Trackinsight data…

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According to a recent report by JPMorgan (NYSE:JPM), the likelihood of approval for spot ether (ETH) exchange-traded funds (ETFs) in May remains uncertain, with no more than a 50% chance of approval. The report suggests that if the Securities and Exchange Commission (SEC) does not approve these products next month, litigation against the regulatory body is probable. JPMorgan reaffirms its…

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On Wednesday, Grayscale’s bitcoin (BTC) exchange-traded fund (ETF) witnessed an unprecedented daily outflow of approximately $18 million, marking a significant departure from its usual outflow patterns since its inception in January. Reports from Bitmex Research and Farside Investors revealed this record-low figure. This notable development comes shortly after Grayscale CEO Michael Sonnenshein indicated that outflows from the Grayscale Bitcoin Trust…

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Bitfinex Securities El Salvador S.A. de C.V., a leading tokenized securities platform, is driving an innovative initiative to finance the construction of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issuance. The token, dubbed HILSV, will be pegged to the U.S. dollar and tether (USDT) and will be issued on the Liquid Network,…

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Cryptocurrency exchange Luno has become one of the inaugural firms to secure a license from South Africa’s Financial Services Conduct Authority (FSCA), solidifying its status as a recognized financial services provider within the country. The granting of the financial services provider license to Luno comes in the wake of the FSCA’s classification of crypto assets as financial products under the…

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