Tag Archives: AA News

Bitcoin miner outflow has reached a 77-month high despite an overall positive trend in the crypto market. According to on-chain intelligence firm CryptoQuant, the ‘Miner Outflow’ metric demonstrated the outflow of Bitcoin from mining pool wallets not seen since August 2017. The outflow metric doesn’t directly monitor funds transferred from miners’ addresses to crypto exchanges, potentially indicating sales. However, outflows provide a general indicator of sentiment, with...

Bitcoin soared past $49,000 hours ago after the first ETFs reached the US market but plummeted by over three grand in the following minutes. This resulted in a lot of pain for over-leveraged traders, as the total value of liquidated positions has soared to well over $300 million on a daily scale. January 10, 2024, will go down in history as one of the most prominent dates for the cryptocurrency industry as the US SEC finally greenlighted spot exchange-traded funds tracking...

Bitcoin (BTC) ripped to another multi-year high of $49,000 on Thursday within an hour of the first U.S. Bitcoin spot ETFs going live on public markets. Between all 11 fund providers, Bitcoin ETFs have already traded $1.7 billion in cumulative volume, based on Yahoo Finance data. According to Bloomberg ETF analyst James Seyffart, Grayscale’s Bitcoin Trust (GBTC) has led the pack in terms of volume, trading at least $446 million just 30 minutes after the market opened....

During a recent Reddit Ask Me Anything (AMA) event organized by the Ethereum Foundation’s research team, the protocol’s co-founder Vitalik Buterin suggested a “modest” increase in its gas limit to improve network throughput. Buterin noted that the gas limit has not been increased for nearly three years, marking the longest period in the protocol’s history. The Gas Limit Proposal “Honestly, I think doing a modest gas limit increase even today is reasonable,” said Buterin...

Celsius, the platform whose bankruptcy plan was finally approved late last year, has recently lashed out at former clients who cashed out before the company had the opportunity to freeze their funds. Bold Propositions The former crypto staking, lending, and exchange platform that has since shifted its focus to Bitcoin mining following the approval of the judge in its bankruptcy case was the first major player in crypto to bring up the “unsecured creditors” argument in court...

Analysts in the crypto community wonder if the false announcement on the spot Bitcoin exchange-traded funds (ETF) approval from the X account of the United States Securities and Exchange Commission (SEC) is an inside job. In a tweet, Gabor Gurbacs, the director of digital asset initiatives at investment management firm VanEck, also vying for a spot Bitcoin ETF, asked if the SEC intentionally orchestrated the event to stop or delay the widely anticipated product. SEC...

The Chicago Board Options Exchange (CBOE) has issued notifications confirming that several highly anticipated Bitcoin spot ETPs will begin trading at 9:30 am ET on Thursday. Confirmed ETPs include the VanEck Bitcoin Trust (HODL), the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB), according to the CBOE’s website. Bloomberg ETF analyst Eric Balchunas has clarified that this does not mean the ETFs have been approved by the Securities and...

Steve McClurg, co-founder and chief investment officer of Valkyrie Funds, has suggested the potential approval of Ethereum or XRP exchange-traded funds (ETFs) following the expected launch of spot Bitcoin ETFs in a recent Bloomberg interview. The prediction comes from the U.S. Securities and Exchange Commission (SEC), which is reportedly likely to approve Valkyrie’s Bitcoin ETF, whereby trading is anticipated to commence as early as Thursday. XRP And Ethereum Spot ETFs on the...

Ripple, the company behind the popular cryptocurrency XRP, is planning a $285 million share buyback from its earliest investors and employees, according to a Wednesday report from Reuters. The tender offer would value the company at $11.3 billion, and only allow investors to sell up to 6% of their stake, anonymous sources told the media outlet. Confirming the news, Ripple said it would spend $500 million on the buyback, covering both taxes and conversion costs on restricted...

Market research boutique Fundstrat envisions Bitcoin (BTC) reaching $500,000 per coin within the next five years – in large part due to expected Bitcoin spot ETF approvals. “I think in five years, something around half a million would be potentially achievable,” said Fundstrat’s Tom Lee in an interview with CNBC on Wednesday. How Meaningful Is A Bitcoin ETF? Lee stood by his prior predictions that Bitcoin could reach above $100,000 and possibly tap $150,000 within 2024...