Quick Take Feb. 14 proved to be another day of impressive inflows for Bitcoin ETFs, recording a net increase of $340 million, according to BitMEX Research. BitMEX data shows that BlackRock IBIT leads the charge with a significant influx of $224 million, elevating its total holdings to a staggering $4.8 billion.…
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Brian Nelson, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, provided critical testimony to Congress on Feb. 14, challenging widely held beliefs about the role of crypto in funding terrorist activities. Amidst a backdrop of concerns over digital assets, Nelson’s insights during the House Financial…
BlackRock’s spot Bitcoin ETF — the iShares Bitcoin Trust (IBIT) — surpassed a record high of $720 million in daily volume on Feb. 14 to take the number one spot in terms of volume, according to data from Coinglass. Commenting on IBIT’s more than $700 million in volume on Feb.…
Genesis Global has secured approval from a bankruptcy court to sell approximately 35 million shares of the Grayscale Bitcoin Trust (GBTC), valued at over $1.3 billion, Bloomberg News reported Feb. 14. The decision, delivered by Judge Sean Lane, allows Genesis to liquidate its GBTC shares into Bitcoin or cash. The…
News anchor Joe Kernen defended Bitcoin in a spirited exchange with SEC Chair Gary Gensler during an interview on CNBC’s “Squawk Box” on Feb. 14 after the regulator questioned the flagship crypto’s decentralized nature. The conversation, which veered into a wide-ranging discussion about crypto, investor protection, and the recent approval…
Quick Take The Bitcoin landscape has witnessed a significant uptick of Bitcoin whales—entities holding 1,000 BTC or more. Their numbers have surged in recent weeks, coinciding with Bitcoin’s rise from $38,000 to $51,000. Currently, there are 1,602 Bitcoin whales, a considerable uptick from 1,482 in January. This surge not only…
Mondelēz International, the global food and snacking powerhouse behind iconic brands such as Oreo, Cadbury, and Toblerone, has officially joined the Hedera Council, according to a Feb. 14 press release. Under the partnership, Mondelēz will leverage the Hedera blockchain to enhance digital transformation, supply chain management, and customer engagement. The…
Tap Protocol, designed to support DeFi applications on Bitcoin Ordinals, has become the most active protocol on Bitcoin’s Ordinals network over the past 24 hours. Genii Data indicates Tap Protocol handled nearly double the transactions of BRC-20 or OrdDefi. Ordinals activity (Source: GeniiData) While Genii tracks BRC20 activity separately from…
Bitcoin’s brief rally to $52,000 has lifted the shares of several US-listed crypto-focused firms. Data from CryptoSlate showed that the flagship digital asset’s price surged more than 6% to as high as $52,021 during the reporting period before retracing just below the psychological resistance as of press time. CryptoSlate Insight…