Spot bitcoin ETFs recorded more than $4 billion in combined inflows from Dec. 2 through Dec. 12, according to Farside data. The figures include flows into BlackRock, Fidelity, Bitwise, Ark, Invesco, Franklin, Valkyrie, VanEck, WTree, and Grayscale products. These entries tallied across several funds, moved through the market shortly after…
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Texas lawmakers have introduced a bill to establish a state-managed Bitcoin reserve, aiming to explore the potential role of crypto in public finance. Filed on Dec. 13 by Republican Rep. Giovanni Capriglione, the legislation would allow the state to collect taxes, fees, and donations in Bitcoin, with the assets held…
Rep. French Hill (R-Ark.), a leading advocate for crypto regulation, has been appointed chair of the House Financial Services Committee, positioning him at the forefront of legislative efforts to shape the future of digital assets in the US. Hill, who currently chairs the Subcommittee on Digital Assets, Financial Technology, and…
Robinhood Crypto celebrated a pivotal year in 2024, marked by significant milestones, including the launch of new features, geographic expansions, and the enhancement of its crypto offerings. According to a recent announcement, the company ended the year with $38 billion in crypto assets under custody and $119 billion in notional…
Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features. The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin…
Ethereum (ETH) may be poised to break the $5,000 mark for the first time, according to blockchain analytics platform CryptoQuant. In its recent weekly report shared with CryptoSlate, the platform’s latest report highlights critical supply-demand trends and network conditions that could drive this upward momentum. Growing demand through spot ETFs…
Donald Trump signaled plans for crypto reserve during remarks to Jim Cramer at the New York Stock Exchange. He indicated a goal to position the United States ahead of other nations, naming China as a point of reference. He described the need for substantial power generation to support related infrastructure…
The Avalanche Foundation announced raising $250 million through a private token sale to support its blockchain platform, according to a Dec. 12 statement. The funding round had around 40 participants, including leading firms such as Galaxy Digital, Dragonfly, and ParaFi Capital. The announcement spurred a 10% surge in Avalanche’s AVAX…
Binance has cemented its position as the leading crypto exchange by reporting customer deposits totaling $21.6 billion in 2024, according to a Dec. 12 report. This achievement places Binance significantly ahead of its competition, with data from DeFi Llama revealing that the exchange’s deposits surpass the combined total of the…