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How BTC Price Will React as ETFs Hold $26.8 Billion in Bitcoin
Newly launched Bitcoin ETFs (exchange-traded funds) in the United States have amassed a significant portion of BTC.
Indeed, the swift accumulation rate underscores the growing influence of these ETFs in the US, providing investors with…
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Bitcoin Investor Demand Weakens in the US Post-ETF Approval: CryptoQuant
Roughly a week after the United States Securities and Exchange Commission (SEC) approved the first wave of spot Bitcoin exchange-traded funds (ETFs), BTC investor demand in the country has slumped.
According to a weekly…
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Bull Market Has Yet to Begin
Bitcoin is currently at a pivotal juncture, raising questions about its true state in the financial system. Recent data reveals a complex picture, characterized by increased selling activity and shifting ownership patterns.
This…
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Crypto Loans Surpass RWA as Main Revenue Drivers for MakerDAO
The crypto sentiment seems to have flipped bullish after last year’s gains, and one MakerDAO data point may suggest that optimistic leveraged bets are making a comeback.
The data point in question is MakerDAO’s revenue…
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South Korea president’s office urges FSC to reconsider its spot Bitcoin ETFs stance
Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering…
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Tether Holds This Much Bitcoin After Late 2023 Purchase
Stablecoin giant Tether quietly bought over $360 million worth of Bitcoin (BTC) at the start of the year, according to on-chain data.
The purchase brings the company’s total Bitcoin holdings up to 66,400 BTC worth $2.7…
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dYdX Overtakes Uniswap in Daily Transaction Volumes
Decentralized exchange (DEX) dYdX has made headlines by surpassing Uniswap, a long-standing leader in the sector, to become the platform with the largest 24-hour trading volume.
This achievement is particularly…
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BlackRock Exec Reveals IBIT Inflows Driven by Strong Investor Interest
In an interview with Bloomberg, Rachel Aguirre, the head of product at BlackRock U.S. iShares, revealed that the firm’s spot Bitcoin ETF (IBIT) has witnessed a surge in inflows, predominantly coming from retail investors…
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Fantom Cuts Staking Requirements By 90% in a Bid to Bolster Security
Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the…
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Why JPMorgan CEO Jamie Dimon Called Bitcoin a ‘Pet Rock’
JPMorgan CEO Jamie Dimon’s stance on blockchain technology and Bitcoin has become a focal point in the financial sector.
He recently articulated a clear differentiation between the two. Dimon sees the potential of blockchain technology…
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