Category: Crypto

Bitwise reports that U.S.-based institutional investors continue to demonstrate strong support for Bitcoin through spot ETFs, with around 66% either maintaining or increasing their holdings. This trend comes amidst market volatility and declining prices during Q2. Surge in Institutional Filings Bitwise’s chief investment officer, Matt Hougan, highlighted this trend in an August 15 post on X, noting a rise in the number of filings associated with spot Bitcoin ETFs. “The institutions are still coming; total filings are up,” Hougan commented, referring to the 1,924 holder-to-ETF pairings recorded across all Bitcoin…

Solana (SOL) exchange-traded funds (ETFs) will not see significant demand among United States investors, Katalin Tischhauser, head of investment research at crypto bank Sygnum, told Cointelegraph. Tischhauser said “miniscule” investor flows into Grayscale Solana Trust (GSOL) — asset manager Grayscale’s private SOL fund — indicate weak demand for SOL investment vehicles among US wealth managers. Assets under management (AUM) for GSOL are less than $70 million, according to Grayscale. By comparison, Grayscale Bitcoin Trust (GBTC) managed almost $30 billion prior to its conversion to an ETF in January, according to…

Marathon Digital Holdings (MARA), one of the largest publicly traded Bitcoin mining companies, has bought approximately $249 million worth of Bitcoin. The purchase was funded by successfully closing a $300 million senior note offering. MARA Raises $300M in Private Note Offering In an August 14 press release, Marathon Digital Holdings (MARA) announced the completion of a private offering of 2.125% convertible senior notes due in September 2031. These notes, sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, were highly sought after, leading to the…

Around 66% of institutional investors held or increased their Bitcoin holdings via United States-based spot exchange-traded funds during the second quarter, according to Bitwise.  According to 13F filings with the Securities and Exchange Commission, 44% of asset managers increased their Bitcoin (BTC) ETF positions in the second quarter, while 22% held steady. Only 21% decreased their positions, and 13% exited, which is “a pretty good result, on par with other ETFs,” commented Bitwise chief investment officer Matt Hougan in a post on X on Aug. 15. The SEC Form 13F…

The Singapore-based cryptocurrency exchange Crypto.com has secured a first-of-its-kind partnership with the Union of European Football Associations (UEFA) Champions League. According to an official announcement, Crypto.com will serve as the official global sponsor of the UEFA Champions League during the multi-year partnership, earning it a spot as the football competition’s first and exclusive crypto platform partner. Crypto.com Partners With UEFA Champions League During the UEFA Super Cup on August 14, 2024, Crypto.com will unveil its branding as the league’s official sponsor, kickstarting unique activities that would give fans memorable experiences…

Canada has been actively developing and refining its regulatory framework for digital assets over the previous years, positioning itself ahead of leading markets worldwide, such as the United States. However, crypto exchanges are still lobbying for more cooperation with leaders as the 2025 elections approach in the country.  Cointelegraph’s senior editor, Sam Bourgi, discussed with Kraken and Coinbase during the Blockchain Futurist Conference how the local regulatory space is evolving and where the country is still lagging behind. “The reality is that members of parliament today in Canada are not…

[PRESS RELEASE – Dubai, United Arab Emirates, August 14th, 2024] VYUG, the visionary force behind the world’s first hyper-realistic metaverse, is on the brink of launching a groundbreaking airdrop event. Starting on August 15th, participants will have the chance to claim their share of 175 million VYUG tokens and vie for an incredible 5000 USDT jackpot. This event, running through September 15th, aims to be a pivotal moment in the crypto world. The Airdrop According to the team, as the metaverse becomes an increasingly significant part of our digital lives,…

Jump Trading, a market maker and trading firm, has moved 17,049 Ether worth approximately $46.44 million in preparation for an expected sell-off. According to an X post by blockchain analyst Lookonchain, the $46.44 million Ether (ETH) claimed from the liquid staking protocol Lido has been “transferred out for sale.”  The analyst also stated that Jump Trading currently holds a remaining 21,394 ETH worth approximately $68.58 million as the new wave of ETH sales reportedly begins. Source: Lookonchain Related: Jump likely shuttered development arm, not trading — 1000x co-host Withdrawal from…

Metaplanet announced making yet another significant investment in bitcoin, purchasing approximately $3.3 million (500 million yen) worth of the cryptocurrency. This acquisition involved 57.103 bitcoins, with an average purchase price of 8,756,107 yen per one. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million (2.95 billion yen). Earlier this month, Metaplanet Inc. announced securing a $6.8 million loan to boost its bitcoin holdings, reflecting the company’s strong…

Former 2024 presidential candidate Vivek Ramaswamy appeared on CNBC on Aug. 13, where he was asked whether he thought presidential candidate Kamala Harris would embrace the crypto industry. Ramaswamy responded by saying that he believes “her verbiage” toward the crypto industry would change in an attempt to garner votes from the crypto community now that former President Donald Trump has turned crypto into a campaign issue. The former Republican candidate for president said that Vice President Harris’ sincerity in pro-crypto positions should be judged by the specificity of her policy…