Limited Demand Expected for Solana ETFs, According to Research Insights Recent findings suggest that there may be insufficient interest in Solana exchange-traded funds (ETFs) among investors in the United States. Katalin Tischhauser, the head of investment research at Sygnum Bank, has raised concerns about the uptake of such investment vehicles. Observations on Grayscale’s Solana Fund […]
Category Archives: Bitcoin News
The Ongoing Impact of the Nixon Shock 53 Years Later On August 15, 2024, we mark the 53rd anniversary of the “Nixon Shock,” when President Richard Nixon took a critical step by removing the gold standard backing the US dollar. Initially presented as a temporary measure to stabilize the dollar, this decision has had lasting […]
Surge in Crypto Hacks and Ransom Payments Noted in 2024 In 2024, a noticeable increase in cryptocurrency hacking incidents has emerged, particularly targeting centralized exchanges. This resurgence aligns with a rise in Bitcoin prices. Key Findings from Chainalysis A recent report reveals that while the overall volume of illicit cryptocurrency transactions has diminished, specific forms […]
Bitcoin Faces Pressure as Options Expiry Approaches Bitcoin’s price is poised for significant volatility unless it recovers to above $60,000 before the options expiry on August 16. Impending Options Expiry Creates Tension The upcoming expiry of over $1.4 billion in Bitcoin (BTC) options could exert downward pressure, pushing prices below critical support levels. According to […]
US Government’s Bitcoin Sale Considered Minor as Market Analysts Point to Bearish Trends Analysts believe that government sales of Bitcoin are largely inconsequential, yet bearish sentiment continues to exert downward pressure on the market. Market Update On August 15, Bitcoin’s value dropped as a substantial transfer of BTC by the U.S. government intensified selling dynamics. […]
Tokenized US Treasurys Forecasted to Exceed $3 Billion by Late 2024 As the adoption of cryptocurrencies continues to rise and treasury yields remain high, tokenized US Treasurys are projected to reach a market cap of $3 billion by the end of 2024. Growth in Crypto Adoption The swift increase in global cryptocurrency adoption, which has […]
Majority of Institutional Bitcoin ETF Holders Increased Their Holdings in Q2 In the second quarter, it was reported that approximately 66% of institutional investors have either maintained or increased their Bitcoin holdings through U.S.-based spot exchange-traded funds (ETFs). Key Statistics from Q2 Performance 44% of asset managers raised their Bitcoin ETF positions. 22% maintained their […]
Australian Regulator Reports 58% of Crypto Advertisements on Facebook Are Scams The Australian Competition and Consumer Commission (ACCC) has highlighted troubling findings, indicating that a significant portion of cryptocurrency advertisements on Facebook may be fraudulent or in violation of Meta’s advertising policies. Key Findings Over 58% of analyzed crypto ads either breached Meta’s policies or […]
Cryptocurrency Price Analysis for August 14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Bitcoin is currently facing challenges in surpassing the overhead moving averages, which suggests that sellers are testing to turn this resistance into a new support level. Overview of Bitcoin’s Current Status Bitcoin (BTC) is struggling to remain above the […]
Vanguard CEO Declares No Plans for Crypto ETFs Vanguard, recognized as the second largest issuer of exchange-traded funds (ETFs) globally, has decided against participating in the emerging cryptocurrency ETF landscape. Key Points from Vanguard’s Leadership Salim Ramji, the newly appointed CEO of Vanguard, made a clear statement regarding the company’s direction: “We will not be […]