An address linked to the FTX exploit, identified as 0x3e9, has recently conducted transfers exceeding 10,000 ETH, valued at more than $17.1 million, across five different addresses. A significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract. Additionally, the exploiter engaged in a swap involving 2,500 […]
Asset managers are increasingly pursuing digital asset products, with Invesco and Galaxy Digital filing for a spot Ethereum ETF on September 29. Bloomberg ETF analyst James Seyffart revealed the filing on X, though it had not yet been uploaded to the SEC’s public database. A spokesperson for Invesco declined to confirm the application.The SEC has […]
Valkyrie Investments is set to become the first provider of a U.S.-based ETF that includes Ethereum futures, according to reports from FOX Business. The fund, listed as BTF, has been trading since late 2021 and will make the relevant change on Sept. 29. The fund will then hold 50% Ethereum futures and 50% Bitcoin futures […]
JPMorgan CEO Jamie Dimon has warned that the global economy may not be ready to face the worst-case scenario of the U.S. interest rate rising as high as 7%, according to a Bloomberg report on Tuesday. Since March 2022, the Federal Reserve has increased the benchmark borrowing cost by 525 basis points to the 5.25%-5.5% […]
Tether’s CTO, Paolo Ardoino, recently announced that the company has authorized $1 billion USDT to provide near term liquidity for the Tron network. This authorization is not an actual issuance, but rather an inventory for upcoming issuance requests and chain swaps from the Tron network. According to Tether’s official FAQ page, “authorised but not issued” […]
This week is set to be an important one for September, with several major developments taking place. From inflation numbers to interest rates, here are three things to watch out for. Today, the United States Securities and Exchange Commission and Binance will have an important hearing regarding a case between the two. The SEC has […]
Crypto businesses have managed to become a leader in investments in a number of major European markets despite the global fintech market downturn. According to the report “State of European FinTech”, released by the Amsterdam-based fintech venture fund Finch Capital, Europe, Middle East and Africa (EMEA) region experienced a 50% drop in fintech investments in […]
Bitcoin has recently surged past the $26,000 mark, sparking a flurry of trading activity and resulting in disruptions worth $100 million. The surge in Bitcoin’s value has been attributed to a number of factors, including increased institutional investment, a weakening US dollar, and a growing demand for digital assets. The surge in Bitcoin’s value has […]
The race for the first United States Ethereum exchange-traded fund (ETF) has officially begun after the Chicago Board Options Exchange (CBOE) filed two 19b-4 applications to the United States Securities and Exchange Commission (SEC). The applications are for the ARK 21Shares Ethereum ETF and VanEck Ethereum ETF investment products to be listed on CBOE’s BZX […]
Tether, a major stablecoin issuer, has become the 22nd largest holder of US Treasury bills (T-bills). This puts Tether ahead of several countries, including the United Arab Emirates, Australia, and Mexico, in terms of US debt holdings. Tether currently has a market capitalization of around $82.9 billion, with nearly 87% of that capitalization backed by […]
