In the past week, the spot Bitcoin ETFs experienced a rollercoaster of inflows and outflows. The week began on a negative note with nearly $240 million leaving the eleven funds. The trend continued as $168.4 million was withdrawn in the following days. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were among the top funds
Crypto
In a world where financial success often seems out of reach for many, investing in cryptocurrencies like Bitcoin has offered a glimmer of hope for those looking to secure their financial future. According to Berkshire’s Charlie Munger, reaching $100,000 in investments might seem daunting, but it is an essential milestone that everyone should strive to
Celsius, a crypto lender that filed for bankruptcy two years ago, has recently taken legal action against Tether for an alleged mishandling of over $800 million worth of BTC during a market downturn in mid-2022. The lawsuit claims that Tether violated a contract with Celsius, resulting in the liquidation of collateral that belonged to the
The recent conclusion of the settlements phase of the trial between Ripple Labs and the SEC resulted in a much smaller fine than originally requested by the regulatory body. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just over $125 million, which was significantly lower
Recently, Ripple found itself in the midst of a legal battle with the SEC over alleged violations of securities laws. The lawsuit concluded with the company being ordered to pay a $125 million fine, significantly less than the initial $2 billion demanded by the regulator. This outcome was viewed by many in the industry as
Whistleblowers play a crucial role in the Commodity Futures Trading Commission’s (CFTC) enforcement actions, especially in the digital asset markets. The recent award of over $1 million to a crypto whistleblower highlights the significance of insider information in uncovering unlawful conduct in this sector. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the agency’s focus
Tether, a leading stablecoin issuer, is planning to double its workforce within the next year. This move is part of the company’s efforts to strengthen areas such as compliance and finance. By mid-2025, Tether aims to have around 200 employees, up from its current staff size. Chief Executive Officer Paolo Ardoino highlighted the importance of
Grayscale Research has recently released a report suggesting that Bitcoin could reach its all-time high later this year. This prediction is contingent upon the U.S. economy avoiding a potential recession. The report highlights a period of stabilization in both the cryptocurrency market and broader financial markets following sharp declines in early August. Analysts at Grayscale
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant progress in terms of transaction speed, scalability, and cost reduction. The recent announcement of a hard fork with the new Bor version showcases the platform’s commitment to continuous improvement and development. The Bor layer plays a crucial role in validating and securing transactions
Bitcoin’s recent price recovery has been impressive as the cryptocurrency exceeded $60,000 and neared $63,000 for the first time since the weekend. This positive movement comes after a market-wide crash that occurred last week, leading to BTC plummeting to a 6-month low of $49,500. However, the asset quickly started to recover, climbing to $53,000 on
