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Emory University Holds Over $16M in Bitcoin ETFs and Coinbase Shares

Emory University Holds Over M in Bitcoin ETFs and Coinbase SharesEmory University has disclosed ownership of over $15 million in shares of the Grayscale Bitcoin Mini Trust, according to a recent filing with the U.S. Securities and Exchange Commission. This announcement marks Emory as the first American endowment to publicly report exposure to bitcoin. In addition to its bitcoin investment, Emory holds 4,312 shares of […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Hacker behind fake Bitcoin ETF X post pleads not guilty

Reports from the courtroom suggested that prosecutors would offer a deal for Eric Council Jr., who allegedly helped compromise the SEC’s X account.

Eric Council Jr., the individual charged over his involvement for allegedly hacking the United States Securities and Exchange Commission’s X account and posting a message suggesting that Bitcoin exchange-traded funds (ETFs) had been approved, has pleaded not guilty in a DC courtroom.

In an Oct. 25 arraignment before Judge Amy Berman Jackson in the US District Court for the District of Columbia, Council Jr. entered a plea of not guilty for one charge of conspiracy to commit aggravated identity theft and access device fraud. He was allegedly part of a group that hacked the SEC’s X account in January, publishing a post that claimed the commission had officially approved spot Bitcoin (BTC) ETFs for the first time.

The fake SEC X post — since removed — announcing the approval of spot Bitcoin ETFs. Source: US SEC/X

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dYdX lays off 35% of staff shortly after major Consensys cuts

Wall Street to Surpass Satoshi as Top Bitcoin Holder This Year — Analysts Expect $200K BTC Soon

Wall Street to Surpass Satoshi as Top Bitcoin Holder This Year — Analysts Expect 0K BTC SoonBitcoin could reach $200,000 next year, driven by institutional adoption and major market events, according to a new report. Analysts expect Wall Street to surpass Bitcoin’s pseudonymous creator, Satoshi Nakamoto, as the largest BTC holder. “By the end of 2024, we expect Wall Street to replace Satoshi as the top Bitcoin wallet,” they noted. Bitcoin […]

dYdX lays off 35% of staff shortly after major Consensys cuts

$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment

Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14. 

With more than half a billion dollars pouring into the funds, Bitcoin’s (BTC) price topped $67,800 — its highest in more than three months.

ETF Store president Nate Geraci described the event as a landmark day for spot BTC ETFs, noting that they were approaching $20 billion in net inflows over the previous 10 months. 

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dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin ETFs a Bane for Crypto Startups as VC Deals Drop 20%

Bitcoin ETFs a Bane for Crypto Startups as VC Deals Drop 20%Venture capital (VC) investment in crypto and blockchain startups decreased in the third quarter of 2024. This decline is partly attributed to the growing popularity of bitcoin exchange-traded funds, which offer an alternative way for investors to gain exposure to the crypto sector. U.S.-based companies dominate VC deals in the crypto space, followed by Singapore, […]

dYdX lays off 35% of staff shortly after major Consensys cuts

SEC approves NYSE, CBOE listings of Bitcoin options ETFs

Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.

On Oct. 18, the United States Securities and Exchange Commission (SEC) approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot Bitcoin (BTC) exchange-traded funds (ETFs).

Options trading will now be available for the 11 approved ETF providers on the NYSE, including Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree's Bitcoin Fund, Grayscale's Bitcoin Trust, Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, BlackRock's iShares Bitcoin Trust ETF, and the Valkyrie Bitcoin Fund.

The Chicago Board Options Exchange also filed an application to list options for the spot Bitcoin ETF providers in August 2024 through a proposed rule change. This change in regulatory policy puts Bitcoin ETF options in the same category as other commodity-based ETFs, which the SEC approved to be listed on the CBOE, with the exception of Grayscale's Bitcoin Mini Trust.

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dYdX lays off 35% of staff shortly after major Consensys cuts

STKD launches Bitcoin and gold ETF as ‘debasement trade’ gains traction

The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife. 

Fund issuer Stacked, also known as STKD, has launched an exchange-traded fund (ETF) touting leveraged exposure to Bitcoin (BTC) and gold as investors embrace the so-called “debasement trade” ahead of the United States presidential elections in November.

According to the Oct. 16 announcement, STKD Bitcoin & Gold ETF​ (BTGD) aims to offer investors “the opportunity to invest in two scarcity assets that may protect against future inflation and currency debasement.”

The actively managed ETF is designed to deliver $1 of exposure to BTC and $1 to a gold portfolio for every $1 put into the fund. It intends to hold a mix of ETFs and futures tied to the price of BTC and gold.

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dYdX lays off 35% of staff shortly after major Consensys cuts

VanEck launches $30M ventures fund for crypto and AI

VanEck’s new $30 million fund, VanEck Ventures, will focus on investment in fintech, crypto and AI startups building next-generation payments.

VanEck, one of the issuers of spot Bitcoin exchange-traded funds (ETF) in the United States, has a new initiative to support early-stage cryptocurrency and artificial intelligence projects.

VanEck has launched VanEck Ventures, a $30 million fund investing in fintech, crypto and AI startups in pre-seed and seed stages, the company announced on Oct. 9.

Source: VanEck

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dYdX lays off 35% of staff shortly after major Consensys cuts

BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally

BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 RallyAt press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions in the Middle East, a variety of […]

dYdX lays off 35% of staff shortly after major Consensys cuts