Quick Take BitMEX’s data analysis presents a clear picture of the recent Bitcoin inflows and outflows into the ETFs. The Bitcoin ETFs experienced a significant inflow of $331 million on Feb. 16, contributing to a weekly net flow of $2.273 billion. This robust inflow marks a continued trend since Jan.…
FixedFloat, a non-custodial crypto exchange, confirmed that its platform was hacked over the weekend. In a Feb. 18 post on the social media platform X (formerly Twitter), the project acknowledged the hack and subsequent fund theft in response to queries from the crypto community. However, the team did not disclose…
Quick Take Data unveiled during Asia hours from Coinbase revealed a sizable withdrawal of over 18,000 Bitcoin, as confirmed by Arkham Intelligence, Glassnode, and Coinglass. This substantial outflow of nearly $1 billion has significantly influenced Coinbase’s exchange balance. The funds have been sent to several different addresses with the Bitcoin…
Bitcoin prices climbed nearly 70% in the fourth quarter of 2023 and the crypto market has been rebounding, marking the re-entry of small retail investors. However, retail investors, who lost billions of dollars in the 2022 market crash, are moving in more slowly and cautiously this time, compared to the…
The following is a guest post from John deVadoss. Davos in January 2024 was about one theme – AI. Vendors were hawking AI; sovereign states were touting their AI infrastructure; intergovernmental organizations were deliberating over AI’s regulatory implications; corporate chieftains were hyping AI’s promise; political titans were debating AI’s national…
FTX companies created and profited from Tether through an arrangement with a partner bank, according to a court case described by Bloomberg on Feb. 17. The case quoted Caroline Ellison, former CEO of Alameda Research, as stating: “Alameda could create USDT on credit through the unofficial Deltec Line of Credit…
The Crypto Open Patent Alliance (COPA) versus Dr. Craig Wright trial has been going on for ten days, with both sides refuting the other’s claims. The trial seeks to disprove Wright’s claim that he is the pseudonymous creator of Bitcoin — Satoshi Nakamoto. Here are some key highlights from the…
As investors lick their moistened chops for the coming Bitcoin ETF, just to have their Bitcoin ironically held by Goldman Sachs and JPMorgan, and Sen. Elizabeth Warren’s war on self-custody rages on, the US Bitcoin industry is looking down the barrel of a radically new paradigm. A new paradigm which…
OpenAI’s valuation has surged to above $80 billion after closing its latest deal, the New York Times reported Feb. 17. The company is reportedly undertaking a tender offer orchestrated by Thrive Capital to raise more funds while providing employees with a tangible benefit. Tender offer strategy Under the deal, OpenAI…
US prosecutors filed a sentencing memo on Feb. 16 asking a federal judge to sign off on the Binance plea deal, Bloomberg News reported. In November 2023, Binance and its former CEO Changpeng Zhao (CZ) pled guilty to charges of money laundering and sanctions violations. Deal justified The plea deal…