In a notable development, global Bitcoin funds observed substantial net inflows amounting to $148 million last week, as reported by CoinShares. This surge in investments contrasts sharply with short Bitcoin products, which experienced outflows totaling $3.5 million. Additionally, Ethereum funds attracted $33.5 million, marking the second consecutive week of positive inflows following a prolonged period of minimal activity. CoinShares highlighted…
Bitcoin has extended its winning streak to five consecutive sessions, edging closer to the $71,000 mark amidst growing expectations of Federal Reserve interest-rate cuts later this year. The cryptocurrency’s sustained upward momentum marks its longest series of daily gains in three months, with Bitcoin trading at $70,785 as of 8:25 a.m. Wednesday in New York, just 4% below its all-time…
Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions. Source: https://cointelegraph.com/news/turkey-denies-plans-tax-crypto-stock-gains
Kerrisdale Capital Management LLC, known for its short-selling strategies, has set its sights on Riot Blockchain Inc., criticizing its business model as flawed in the challenging landscape of Bitcoin mining. According to Kerrisdale, investing in Bitcoin directly is a more viable option for cryptocurrency enthusiasts than purchasing miner stocks. The report released by Kerrisdale founder Sahm Adrangi highlighted Riot’s shareholder…
Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto. Source: https://cointelegraph.com/news/coinbase-smart-wallet-no-gas-fees-onboarding
CEO Jenny Johnson believes institutions will deploy a second wave into Bitcoin funds and attract the truly big players. Source: https://cointelegraph.com/news/franklin-templeton-ceo-bitcoin-investment
OTB, the international fashion and luxury group that owns brands like Jil Sander, Maison Margiela, and Marni, announced Wednesday that it will provide blockchain-based digital authenticity certificates for all products from those labels starting with the Fall/Winter 2024/2025 collections. The certificates utilize blockchain technology and an NFC (near-field communication) chip embedded in each garment or accessory. This allows customers to…
BTC ETFs see large $900M inflows, biggest in weeks. $800M of shorts would be liquidated above $72K. BTC to $100K if it breaks $73K in a week: Novogratz. BNB hits new ATH, breaks $100B market cap. FTX reaches $200M tax settlement with IRS. Most investors should hold BTC: Fidelity. Tether CEO criticises EU on stablecoin regulation. Japanese exchange raises $320M…
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 Franklin Templeton CEO Jenny Johnson said in an interview this week that she’s “feeling good” about U.S. spot Bitcoin ETFs, with her company’s fund aiming to…
Coinbase has introduced “smart wallets,” aimed at easing the entry into blockchain activities by eliminating complex processes and high fees associated with traditional crypto wallets. This new offering seeks to onboard over one billion users through simplified, gasless transactions and multi-chain support. Coinbase Introduces ‘Smart Wallets’ On June 5, 2024, Coinbase introduced its “smart wallets” […] Source: https://news.bitcoin.com/coinbase-launches-smart-wallets-in-bid-to-simplify-crypto-onboarding/
