The Week’s Biggest Crypto Gainers and Losers: PENDLE Soars, WLD Plummets

May 20, 2024 Bitcoin.com

Altcoins

This week bitcoin appreciated over 6% against the U.S. dollar, while ether increased more than 3% in the same period. Meanwhile, more than twelve alternative cryptocurrencies saw double-digit gains between 10% and 33.4%. Weekly Crypto Highlights: Double-Digit Gains and Losses Across the Board As of Monday, the total value of the crypto economy stands at […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Liquid Staking Market in Flux: Withdrawals Hit Swell and Mantle, Reshuffling Landscape

May 17, 2024 Bitcoin.com

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Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing by 23,078 ether since April 28, 2024. LSD Protocol Reductions Continue Despite Minor Gains for […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day

May 14, 2024 Coin Telegraph

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Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.

Hong Kong’s Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) posted the largest-ever net outflow on Monday, May 13 — wiping all gains they’ve made since launching under two weeks ago.

Bosera, ChinaAMC and Harvest Global’s spot Bitcoin ETF funds posted net outflows of $32.7 million, with ChinaAMC’s Bitcoin fund coming in as the biggest loser on the day with $15.5 million in outflows, according to Farside Investors data.

Meanwhile, spot Ether ETFs from the same issuers saw total joint net outflows of $6.6 million. Harvest Global and ChinaAMC tied for most outflows with $3 million each.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Ethereum ‘speculatory divergence’ sees ETH price cling to $3K support

May 10, 2024 Coin Telegraph

<div>Ethereum 'speculatory divergence' sees ETH price cling to K support</div>

Coin Telegraph

ETH price action currently focuses on a key line in the sand for Ethereum short-term holders.

Ethereum's Ether (ETH) has “underperformed” compared to Bitcoin (BTC) this cycle, and new holders now risk falling into losses.

In the latest edition of its newsletter, “The Week On-Chain” on May 7, analytics firm Glassnode revealed the role of speculators in ETH price support.

Both Bitcoin and Ether have seen downside price action following the former’s latest block subsidy halving in April.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto

May 10, 2024 Bitcoin.com

Latam E-Commerce Giant Mercado Libre Holds Million in Crypto

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Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these holdings, as its CIO Richard Cathcart explained, […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

SEC’s Gary Gensler is getting irked being asked about crypto

May 8, 2024 Coin Telegraph

Coin Telegraph

SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market.

The head of the United States securities regulator, Gary Gensler, appears to be getting fed up with answering questions about crypto — recently commenting he receives an “outsized ratio” of questions about it compared to traditional finance.

“Crypto is a small piece of our overall markets,” Gensler said on CNBC’s Squawk Box on May 7 responding to a question on where the Securities and Exchange Commission’s priorities lie.

Gensler inferred a comparison between the “$110 trillion capital market” the SEC oversees and the $2.4 trillion crypto market — claiming much of the latter doesn’t comply with U.S. securities laws so it has “an outsized piece of the scams and frauds and problems in our markets.”

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

SEC punts Galaxy spot Ethereum ETF decision to July

May 7, 2024 Coin Telegraph

Coin Telegraph

The Securities and Exchange Commission has delayed making a decision on Invesco Galaxy’s application for an Ether ETF, with the next deadline on July 5.

The United States Securities and Exchange Commission has delayed its decision on Galaxy Invesco’s application for a spot Ether (ETH) exchange-traded fund (ETF).

In a May 6 filing, the SEC gave itself another 60 days to make a call on the Galaxy’s ETF, with the next deadline set to July 5.

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC wrote.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Hong Kong spot Bitcoin and Ether ETFs struggle to gain traction

May 6, 2024 Coin Telegraph

Bitcoin

The exchange-traded funds only managed to attract around $22.5 million inflows during their first week of launch.

Hong Kong spot Bitcoin exchange-traded funds (ETFs) are far underperforming their U.S. counterparts in the first week of launch.

According to data compiled by Farside Investors, the three spot Bitcoin (BTC) ETFs that launched on April 30 in the East Asian City have attracted a total of $262 million in assets under management (AUM), the vast majority of which was subscribed to before the listing. Meanwhile, their asset inflows amounted to less than $14 million in the first week of launch, far below the billions that flowed into U.S. spot Bitcoin ETFs in January.

“In our view, the launch of the Bitcoin and Ethereum ETFs in Hong Kong, is a far less significant moment that the US ETFs,” Farside Investors commented. Meanwhile, Hong Kong spot Ether (ETH) ETFs, the first of their kind in the world, also did not impress, with a cumulative $54.2 million in AUM and $9.3 million in total inflows as of May 6.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

April 28, 2024 Bitcoin.com

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In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana

April 26, 2024 Bitcoin.com

Bitcoin

Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […]

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