Quick Take The imminent halving event for Bitcoin in April 2024 will slash monthly issuance from 27,000 BTC to approximately 13,500 BTC and bring daily rewards down from 900 to 450 BTC, giving Bitcoin an inflation rate of less than 1%. Issuance: (Source: Glassnode) Detailed analysis of individual cohorts illustrates…
Crypto-related investment products saw a notable upswing in inflows last week, totaling a substantial $708 million, according to CoinShares’ latest weekly report. This positive shift reverses two consecutive weeks of outflows from the industry, bringing the total Year-to-date flow to an impressive $1.6 billion. Altogether, the global assets under management…
The South Korean Financial Services Commission (FSC) has announced significant legislative amendments aimed at tightening regulations surrounding virtual asset business operators, specifically focusing on the accountability and duties of crypto executives. The partial amendment to the Enforcement Decree of the Act on Reporting and Use of Specific Financial Transaction Information, under…
Singapore’s Oobit, a mobile payment app, experienced a remarkable 31% surge in its native OBT token following a successful Series A funding round that raised $25 million, attracting key stakeholders, including Tether. Per CoinMarketCap data, the OBT token’s value peaked at $0.1034, witnessing an impressive 35,000% surge in trading volume,…
Quick Take January ETF flows demonstrated a new trend in the investment landscape. Although the iShares Core S&P 500 ETF ($11.8 billion) and the Vanguard S&P 500 ETF ($9.9 billion) led the month, two Bitcoin-focused ETFs carved out a notable place on the leaderboard, according to Geraci. Despite having a…
Quick Take A deep analysis of Bitcoin transactions and their correlation with working hours across major geographical regions reveals a striking disparity in price performance. Analyzing 8 am to 8 pm Eastern Time, Central European Time, and China Standard Time for the U.S., Europe, and Asia, respectively, allows insights into…
Montenegro has reportedly deported the former financial officer of Terraform Labs, Han Chang-Joon, back to South Korea to face criminal proceedings. According to reports, law enforcement agencies referred to him as J.C.H. He was “handed over to the competent judicial and police authorities in South Korea today in order to…
In 2023, the blockchain security landscape witnessed a $50 billion drop in lost crypto assets, depicting a shift towards enhanced security protocols and the maturation of the DeFi ecosystem. According to crypto security firm Hacken’s end-of-year report, last year marked a notable reduction in the scale of financial damages from…
Hong Kong’s Securities and Futures Commission (SFC) told unregistered Virtual Asset Trading Platforms (VATPs) within its region to submit their licensing applications by Feb. 29 or close their businesses by May 31, according to a Feb. 5 notice. The financial regulatory authority reaffirmed this deadline for cryptocurrency trading firms while…
Quick Take In the nascent arena of spot Bitcoin ETFs, competition is swiftly evolving. The first month saw a noteworthy $1.5 billion net inflow, representing about 32,000 Bitcoin, according to BitMEX Research. Moreover, the aggregated volume of these ETFs overpassed a landmark $30 billion threshold, according to The Block. Cumulative…