Grayscale, a leading asset manager, has announced a rebalancing of weights for three of its crypto funds. This move has led to the removal of certain tokens such as Polygon MATIC, while others like Avalanche AVAX and XRP XRP have been added. The announcement was made on January 5.The revised allocations are part of Grayscale’s […]
A court hearing has been scheduled for January 11 in the ongoing legal dispute between Ripple and a group of XRP investors. The case, led by Vladi Zakinov, accuses Ripple of selling XRP as an unregistered security. The outcome of this case could set a significant precedent for the crypto industry and potentially lead to […]
Marathon Digital Holdings has reported its highest monthly Bitcoin mining output ever, successfully mining 1,853 BTC in December. Over the course of the last year, the company mined 12,852 BTC, valued at over $563.4 million, which is more than triple its production of 4,144 BTC in 2022. The Bitcoin miner also increased its average operational […]
The final preparations for the launch of a spot Bitcoin exchange-traded fund (ETF) on Wall Street are underway, with asset managers expected to submit their final revisions by the morning of Jan. 8, says Bloomberg analyst Eric Balchunas. These revisions, to be submitted through S-1 filings no later than 8:00 a.m. Eastern Time, or 13:00 […]
Celsius Network, a crypto firm that filed for Chapter 11 bankruptcy protection in the United States during the winter of 2022, is nearing the end of its restructuring plan. The company, which had lent out over $8 billion and had around 1.7 million customers at the time of its bankruptcy, sent shockwaves through the cryptocurrency […]
The cryptocurrency lender Celsius Network, currently in bankruptcy, has revealed its plan to unstake a significant amount of its ethereum holdings. This action is part of the company’s ongoing restructuring efforts and is aimed at facilitating asset distribution to its creditors.The decision to unstake ethereum is part of a broader strategy to manage the company’s […]
Just 39% of financial advisors believe that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin ETF this year, according to a recent survey. This skepticism is largely due to the SEC’s historically cautious approach to cryptocurrency-related matters.The survey, conducted by Bitwise and VettaFi, revealed a pessimistic outlook among financial advisors regarding […]
The question of whether the U.S. will approve its first spot Bitcoin ETF this month has divided opinions. While some are optimistic about an imminent approval, others, like Perianne Boring, the visionary behind Digital Chamber, suggest that the wait may be longer than expected.Recently, the cryptocurrency community has been closely monitoring developments related to the […]
BlackRock, the asset management giant, is poised to make a significant impact on the Exchange Traded Fund (ETF) market. Matthew Sigel, head of digital asset research at VanEck, recently revealed that BlackRock has over $2 billion ready for trading in its new ETF in the first week. If this comes to fruition, it would be […]
BitMEX co-founder, Arthur Hayes, has recently shared his predictions regarding a potential price correction for Bitcoin following the introduction of the Spot Bitcoin ETF. Hayes, the former CEO of BitMEX, has provided valuable insights into the possible price impact on Bitcoin after the approval of Spot Bitcoin ETFs by the United States Securities and Exchange […]
