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Institutions may be tempted by DeFi products if the Federal Reserve takes the wind out of traditional financial product yields in 2024.

Fed rate cuts could be a boon for DeFi and stablecoins — Fidelity

An anticipated interest rate cut by the United States Federal Reserve could renew major institutional interest in decentralized finance (DeFi) and stablecoins as long as the infrastructure devel...

8 months ago

While other spot Bitcoin ETF issuers use pop-culture references and flashy imagery, BlackRock has seemingly taken a more mature approach.

BlackRock drops ‘boomer’ Bitcoin ETF ad as marketing blitz ramps up

BlackRock may have gone with a boring ad campaign for its spot Bitcoin (BTC) exchange-traded fund (ETF), but it may just be the secret sauce for the wealthy boomer market, according to commentat...

8 months ago

Grayscale’s Bitcoin Trust experienced an outflow of $579 million in its first trading days after redemption was opened after U.S. SEC approval.

Bitcoin ETFs attract $1.4B in two trading sessions

The newly launched spot Bitcoin exchange-traded funds (ETFs) have seen inflows totaling $1.4 billion in the first two trading sessions, according to Bloomberg ETF analyst Eric Bal...

8 months ago

The embattled crypto firms have begun transferring large volumes of ETH to centralized exchanges as they attempt to pay back creditors.

Celsius transfers $125M of ETH to exchanges as FTX and Alameda dump

Embattled crypto lender Celsius has shifted more than $125 million worth of its Ether ETH $2,521 to crypto exchanges over the past week amid plans to begin repaying cre...

8 months ago

South Korean ‘Crypto Revival’ Incoming?

‘No South Korea Bitcoin ETF Approval Before Elections,’ Say Experts

South Korean regulators will not give the green light to a domestic Bitcoin spot ETF before the nation’s next general elections, insiders claim. Per Sobija Mandueneun Shinmun, an...

8 months ago

Solana users should be vigilant for phishing attacks

Over $4 Million Worth of Assets Stolen By Solana Wallet Drainers: Scam Sniffer

Blockchain security firm Scam Sniffer says over $4 million worth of digital assets have been stolen by Solana wallet drainers in phishing attacks in the past month. In a recent report,...

8 months ago

Tether’s USDT stablecoin is fueling a surge in scams in Asia, a recent report from the UN’s office on drugs and crime says.

UN flags Tether’s USDT for fueling crime in Southeast Asia

According to a report seen by the Financial Times, USDT has become a key tool among criminal gangs in Southeast Asia, many of whom are using the stablecoin for...

8 months ago

XRP is back trading above the $0.60 resistance, priced as high as $0.6237 so far in the day.

ChatGPT predicts XRP price after Bitcoin ETF approval

XRP is back trading above the $0.60 resistance, priced as high as $0.6237 so far in the day. Following the recent Bitcoin spot ETF approval, the token continued its climb fro...

8 months ago

WisdomTree has set a new precedent regarding Bitcoin ETFs.

WisdomTree Introduces Bitcoin ETF on Cboe BZX

WisdomTree, a global financial innovator, has set a new precedent by introducing the WisdomTree Bitcoin Fund (BTCW) in the U.S. This Bitcoin ETF marks a significant leap for American investors, ...

8 months ago

11 APPLICATIONS APPROVED FOR SPOT BTC ETFs!

US approves first spot bitcoin ETF applications for 11 issuers

t’s been over a decade since the first application for a spot bitcoin ETF was filed. After a number of denials over the years, the U.S. Securities and Exchange Commission has app...

8 months ago