BlackRock’s IBIT and Grayscale’s GBTC, the two largest spot Bitcoin ETFs by net asset value, saw zero flows on Monday. Source: https://cointelegraph.com/news/bitcoin-etf-inflows-surge-btc-nears-63k
Month: July 2024
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data center divisions. This new entity would have a valuation […] Source: https://news.bitcoin.com/northern-data-mulls-us-market-ai-entity-ipo-at-up-to-16-billion-valuation/
Binance.US 'prepared' for SEC legal showdown
Binance.US is gearing up for an extended legal battle with the SEC, emphasizing its commitment to compliance and criticizing the agency’s enforcement tactics. Source: https://cointelegraph.com/news/binance-us-sec-legal-battle
FOMO HOUR 149 – LUCA NETZ LIVE!
FOMO HOUR 149 – LUCA NETZ LIVE! BTC bounces back above $61k after nosedive. SOL leads majors, BTC dominance falls. BTC RSI hit 18, largest net selling day in over a year. $174m ETF outflow led by GBTC. German government sells $24m more more BTC. Mt Gox info probably ‘leaked to insiders’. Mr 100 buys dip for first time in…
Cardano updates MiCA compliance indicators 6 months ahead of the curve
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency. Source: https://cointelegraph.com/news/cardano-mica-compliance-sustainability-indicators
Coinbase Puts SEC on Notice: ‘Liability shouldn’t depend on which court you get sued in’
Coinbase has filed a notice in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), citing a recent court ruling in favor of Binance. The ruling from Judge Jackson in the SEC v. Binance Holdings Limited case late last month dismissed the SEC’s claim secondary market transactions in the BNB token on Binance’s platform were investment contracts.…
Commissioner Mark Uyeda calls SEC’s approach to crypto filings ‘problematic’
Tucked away in a footnote as part of a recent statement, the SEC Commissioner said his agency’s current approach to crypto does not aid capital formation or protect investors. Source: https://cointelegraph.com/news/sec-commissioner-mark-uyeda-calls-out-problematic-crypto-filing-approach
Crypto ‘relief rally’ may be just beginning with sellers exhausted
The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure. Source: https://cointelegraph.com/news/crypto-bitcon-rally-could-start-as-selling-pressure-fades
BIS Report Warns of Rising Public Debt Risks to Global Economies
The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without fiscal consolidation, debt trajectories will remain unsustainable, threatening macroeconomic stability. As interest rates rise, refinancing needs and higher debt […] Source: https://news.bitcoin.com/bis-report-warns-of-rising-public-debt-risks-to-global-economies/
Bitcoin miner Northern Data mulls IPO for its AI unit: Report
Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025. Source: https://cointelegraph.com/news/bitcoin-miner-northern-data-seeks-ipo-ai-unit