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The Latest Breaking News from Bitcoin

FTX's Billion-Dollar Exodus: Major Sell-Off Shakes Up Grayscale Bitcoin Trust ETF

FTX reportedly divested nearly two-thirds of its GBTC holdings within the initial three trading days of the fund's operation as an ETF.

International Business Times

Crypto Capital Flight: Grayscale's GBTC Registers $2.2 Billion Outflows In Rapid 5-Day Dash

Industry observers believe that the combination of locked positions and high fees has created a strong incentive for investors to pursue more cost-effective options.

International Business Times

Morning Mail: Albanese urged to scrap tax cuts, call for supermarket power probe, Haley trails Trump in key primary

The controversial Coalition-era cuts are too expensive, Greens argue; Nikki Haley faces tough test in New Hampshire

The Guardian - AU

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Bitcoin Struggles Amid ETF Accumulation Of 95,000 BTC And $4B AUM

Among the various ETFs, Fidelity's FBTC and BlackRock's iShares Bitcoin Trust have each attracted over $1.2 billion in inflows.

International Business Times

ARK's Wood Forecasts Bitcoin Will Take A Bite Out Of Gold's Market Share, Reach $1M

Wood thinks Bitcoin holds the potential to attain a valuation of $1 million per unit at some point in the future, albeit not in the immediate term.

International Business Times

Coinbase Poised For Legal Victory In SEC Clash With 70% Odds: Legal Analyst

The timeline for the anticipated ruling could potentially be delivered by the end of Q2 2024

International Business Times

Crypto Exchange-Traded Fund Race Heats Up: Fidelity Faces SEC Delay Amid Five Bitcoin LETFs Filing

The SEC emphasized the need for an extended evaluation period to make an informed decision regarding approval, disapproval, or the initiation of further proceedings.

International Business Times

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Unlocking Cryptocurrency's Future: Anticipating Spot Ethereum ETF, Its Implications, Challenges And Market Dynamics

Many are now closely monitoring developments in the cryptocurrency industry to see if a spot Ethereum ETF could be the next milestone in the regulatory landscape.

International Business Times

A New Dawn in Crypto: How Spot Bitcoin ETFs Boost Adoption, Reshape Regulation

The introduction of spot Bitcoin ETFs marks a significant milestone, yet many questions and challenges lie ahead for the cryptocurrency ecosystem.

International Business Times

Shiba Inu Steals The Spotlight, Leaving Bitcoin Behind In Positive Online Discussions: Study

A comprehensive study conducted by Coinwire unveiled that Shiba Inu is one of the standout cryptocurrencies that garnered substantial positive discussions across various social media platforms throughout the year 2023.

International Business Times

Crypto Market In Red Following Bitcoin's Tumultuous Descent To $40K

The altcoin landscape is currently grappling with a sea of red, as most charts are dominated by bearish sentiment.

International Business Times

Crunching Numbers: Solana Poised to Outshine Ethereum By 5x, Say Glassnode Co-Founders

Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.

International Business Times

XRP ETF Talks Gain Traction As Ripple CTO Nudges Wall Street Giant Franklin Templeton

When BlackRock CEO Larry Fink was asked about the possibility of an XRP ETF, he said, "I can't answer that."

International Business Times

BlackRock's IBIT Breaks The Billion Barrier: Top Executive Sheds Light On Inflow Surge

BlackRock's IBIT made a rare feat in the history of exchange-traded funds when it reached more than $1 billion in inflows within its first four days of trading.

International Business Times

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International Business Times

Tether's Bullish Move Cements Status As Major Bitcoin Player With $380 Million Bet

The wallet address associated with Tether occupies the 11th position within the esteemed Top 100 Bitcoin Holders list, laying claim to an impressive 0.3% stake in the prevailing circulating supply of the world's largest cryptocurrency by market capitalization.

International Business Times

Franklin Templeton Expands Crypto Horizon: Eyes Ethereum and Solana Following Bitcoin Foray

Is Franklin Templeton hinting at the possibility of filing for a Solana or Ether ETF?

International Business Times

Jamie Dimon's Bitcoin Disdain Gets Flak From Saylor, Snowden and Crypto Enthusiasts

While Dimon acknowledged that "blockchain is real" and that "it is a technology" and confirmed that "There's a cryptocurrency which might actually do something," he referred to Bitcoin as the cryptocurrency "which does nothing."

International Business Times

Investor Confidence Swings To BlackRock With IBIT's $700M Net Inflow, Grayscale Bleeds

All other spot Bitcoin ETFs have seen about $1.9 billion in net inflows, excluding GBTC.

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International Business Times

ARK Invest's Strategic Gambit: Betting Big on Spot Bitcoin ETF's Potential

ARK Invest executed a strategic reallocation of its assets on Tuesday, divesting some of its holdings in ProShares Bitcoin Strategy ETF (BITO).

International Business Times

Spot Bitcoin ETFs Shatter Expectations: Nearly $10 Billion Trading Volume In Just Three Days

Despite not significantly impacting Bitcoin's price, the robust trading activity and substantial net inflows indicate a successful introduction and a positive market reception for Bitcoin ETFs.

International Business Times

Tether CEO Reacts After Cantor Fitzgerald's Chair Validates Stablecoin Issuer's Reserve Strength

The stablecoin issuer has endured prolonged scrutiny regarding its backing of USDT, a stablecoin that currently boasts an extensive market capitalization exceeding $95 billion, firmly establishing it as the predominant stablecoin in global circulation.

International Business Times

iShares Bitcoin Trust Dominates The Market With Over $1B In Trading Volume In 3 Days

If this trading volume continues, it's just a matter of time before BlackRock's IBIT snatches the "Liquidity King" title from Grayscale's GBTC.

International Business Times

Crypto, Ether ETF 'A Certainty': Ripple CEO Calls Gensler's Regulatory Strategy A 'Political Liability'

Garlinghouse said that the swift rise in Ethereum's value after the authorization of spot Bitcoin ETFs is a clear indicator of the market's strong interest in a more diverse range of ETF products.

Top News

Core Scientific Granted Court Approval for Restructuring Amid Bankruptcy

Core Scientific, a leading Bitcoin mining company, has received court approval for its restructuring plans as it navigates through a challenging period.

International Business Times

Ex-Celsius CEO Fights To Dismiss Charges; Legal Team Reportedly Abandons Ship Over Non-Payment?

Aside from his indictments, Mashinsky is allegedly losing the Yankwitt LLP law firm in his defense team after it reportedly applied to withdraw its representation because of the crypto executive's alleged "deliberate disregard" to pay.

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