Quick Take Two days into the trading of the Bitcoin spot ETF, BlackRock, the world’s largest asset manager, has already accumulated approximately 11,500 BTC. This places the firm among the top 15 public holders of Bitcoin, accounting for roughly 0.056% of the total Bitcoin supply, according to Newhedge. This swift…
Bankrupt FTX’s native token FTT market capitalization surpassed $1 billion again after a recent decline. Since the cryptocurrency exchange abruptly collapsed following a bank run in November 2022, it only briefly traded over $1 billion toward the end of last year, reaching $1.67 billion before declining back to under $850 million.…
Despite the influx of substantial capital into these new spot Bitcoin ETFs, with CoinShares reporting $1.18 billion in inflows into digital asset ETFs globally last week, the expected positive impact on Bitcoin’s price hasn’t materialized. This raises questions about the underlying mechanics of these ETFs and their influence on Bitcoin’s…
As crypto and Web3 increasingly weave into the fabric of our daily lives, a pressing question emerges: how do these digital advancements transition into tangible, physical infrastructure for everyday use? The evolution of Web3 extends beyond the realms of virtual spaces and digital assets, heralding a new era where these…
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Inflows into crypto-related investment products soared to more than $1 billion last week as investors piled in for the newly launched spot Bitcoin exchange-traded funds (ETF) in the U.S. In its latest weekly report, CoinShares disclosed a notable uptick in the total inflow into cryptocurrency products, reaching $1.18 billion (subject…
Sui made CryptoSlate’s top gainers’ list for Jan. 15 following a 13% increase during the past day that pushed its value to a new all-time high of $1.43. This continues a persistent uptrend that the digital asset has enjoyed during the last 30 days, outperforming major cryptocurrencies like Bitcoin, Ethereum,…
Quick Take The recent retracement of Bitcoin from a local top of $49,100 to a low of $41,600, a drop of approximately 16%, has revealed notable market dynamics. Patterns of capitulation appear to be emerging, with the largest Bitcoin transfer to exchanges at a loss from short-term holders – those…
Eight years ago, on Jan. 14, 2016, early Bitcoin developer Mike Hearn famously declared he had sold all his BTC because the flagship cryptocurrency had “failed” and would only “trend downward” in the long term. However, years later, Bitcoin has defied almost all of the somber predictions of its early…
Bitcoin (BTC) fell below $42,000 for the second time over the weekend after failing to break above $43,100 amid subdued trading volumes after the ETF hype at the end of last week. As of press time, BTC was trading at $41,870 on most of the large exchanges. The price is…