A subsidiary of US-based crypto exchange Kraken is reportedly greatly benefiting from the success of the spot Bitcoin (BTC) exchange-traded fund (ETF) boom. According to a new report by Bloomberg, CF Benchmarks – a London-based subsidiary of Kraken that provides reference data for about $24 billion in crypto ETFs – is emerging as an under-the-radar […]
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Crypto asset manager Pantera Capital has reportedly won a bid to purchase discounted Solana (SOL) from bankrupt crypto exchange platform FTX. According to a new report by Bloomberg, an anonymous person familiar with the matter says that Pantera won a bid to purchase a discounted stash of the Ethereum (ETH) rival. Though the details of […]
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A crypto investment firm backed by financial giant Citadel is reportedly eyeing a $1 billion valuation after launching its latest round of fundraising. According to a new Bloomberg report, anonymous people familiar with the matter say that Hidden Road Partners, a startup prime brokerage focused on digital assets, is raising funds in a Series B […]
The post Crypto-Focused Investment Firm Backed by Citadel Eyeing $1,000,000,000 Valuation in Latest Raise: Report appeared first on The Daily Hodl.
Newly created Bitcoin whales reportedly hold a record amount of BTC to the point of controlling 9% of the total supply of coins. Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, shares data showing that short-term holder Bitcoin whales have become one of the primary cohorts of entities. Short-term holders are defined as those […]
The post New Bitcoin Whales Now Control 9% of BTC Supply Amid ‘Very Active’ On-Chain Accumulation: CryptoQuant CEO appeared first on The Daily Hodl.
A venture capital firm co-founded by an executive of Coinbase is reportedly looking to raise between $750 million and $850 million for a new fund. According to a new report by Bloomberg, anonymous sources familiar with the matter say that crypto venture capital firm Paradigm – founded by Coinbase Global co-founder Fred Ehrsam and ex-Sequoia […]
The post Venture Capital Firm Co-Founded by Coinbase Executive Seeking $850,000,000 in New Raise: Report appeared first on The Daily Hodl.
A prominent Bloomberg analyst says that Bitcoin (BTC) exchange-traded funds (ETFs) – which only launched in January – are seeing more individual trades than the top two ETFs in the equities markets. In a new thread, Bloomberg senior ETF analyst Eric Balchunas tells his 243,600 followers on the social media platform X that BTC ETFs […]
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Coinbase’s (COIN) stock is rising after multiple reports of being upgraded to “outperform” by a prominent investment brokerage and bank. According to a new report by Yahoo Finance, financial services giant Oppenheimer expects the top US-based crypto exchange platform’s stock to outperform expectations and reach a price tag of $160. In an accompanying research note, […]
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A Bloomberg intelligence analyst is estimating that top US-based crypto exchange platform Coinbase has a 70% chance of winning a motion to toss out the U.S. Securities and Exchange Commission’s (SEC) lawsuit against it. In a new thread, Bloomberg analyst Elliott Stein says that before going into a court hearing on the matter, he believed […]
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Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin (BTC) is topping out and about to undergo a market correction. In a new discussion with crypto influencer Scott Melker, McGlone predicts that Bitcoin will start to decline after a months-long rally leading up to the possible approval of a spot Bitcoin exchange-traded fund […]
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The president of crypto clearing house CBOE Digital is reportedly optimistic that the greenlighting of the first Bitcoin (BTC) exchange-traded fund in the US will fuel institutional interest in the crypto markets. According to a new report from Bloomberg, John Palmer anticipates new institutional investors, including pension and registered investment advisor (RIA)-based funds, will flock […]
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