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Bitcoin (BTC)

World’s First Bitcoin ETF Has Lost 20% of Assets Since BlackRock Approval

The Purpose Bitcoin ETF (BTCC) – the world’s first Bitcoin exchange-traded fund – has struggled to compete with its U.S. counterparts since its January debut. The Canadian fund has lost 20% of its Bitcoin (BTC) under management over the past three months, despite rising demand and record-high prices for the asset during that time. Purpose Is Losing Bitcoin According to Purpose Investments’ website, the company held 27,871 BTC, worth $2.56 billion CAD ($1.89 billion USD) as of...

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Bitcoin (BTC) Challenges $68K, Dogecoin (DOGE) Soars 5% Daily (Weekend Watch)

Bitcoin had a controversial week in terms of price movements, as it slumped to a ten-day low and jumped by nearly five grand a day later but failed to sustain its momentum. The altcoins also suffered on a weekly basis, but most have turned green after yesterday’s retracements. BTC Goes After $68K The volatile week began on Monday after BTC failed to overcome $71,000 on Sunday, which resulted in a price drop of two grand. After it bounced off to $70,000 once more on Tuesday,...

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Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a backing asset. Excited to announce that Ethena has onboarded BTC as a backing asset to USDe This is a crucial unlock which will...

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Binance Wallet and BTC L2 Project BEVM Launch an Exclusive Airdrop

[PRESS RELEASE – Cardiff, 英国, April 4th, 2024] According to Binance Web3 official announcement, Binance Web3 Wallet has officially launched a joint airdrop event with the BTC Layer2 project BEVM. Users who complete three simple tasks on BEVM through Binance Web3 Wallet will receive an exclusive airdrop of BEVM token. BEVM will allocate 10,500,000(0.5%) $BEVM for the airdrop to Binance Wallet users participating in this event. This is the first collaboration between Binance...

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BTC Needs to Break This Level to Aim for a New All-Time High (Bitcoin Price Analysis)

Bitcoin’s price is currently consolidating below the $70K level, failing to continue its rally and make a higher all-time high. Yet, investors remain optimistic as no worrying signs are surfacing yet. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been hovering around the $70K mark and is yet to show a prolonged movement to either side. The $68K resistance level is currently being tested, but the price has not been able to break it to the...

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Bullish? 3 Billion USDT Entered These Crypto Exchanges in Just 3 Days: Data

Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding the destination. Since April 1st, approximately $2.55 billion USDT has flowed into prominent...

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South Korea to Introduce Stringent Guidelines for Crypto Exchange Listings in May

CoinspeakerSouth Korea to Introduce Stringent Guidelines for Crypto Exchange Listings in May The South Korean government is about to roll out new guidelines to impose stricter regulation for token listings on centralized crypto exchanges (CEXs) as soon as next month.   South Korea to Introduce Stringent Guidelines for Crypto Exchange Listings in May

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