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We post daily the best Bitcoin, Cryptocurrency & Blockchain News. Admin: @LevoBNTG
📣 Alameda Research voluntarily drops lawsuit filed against Grayscale Investments
Alameda Research Ltd., the hedge fund associated with bankrupt FTX, has voluntarily dismissed a lawsuit it had brought against Grayscale Investments. The firm had been seeking injunctive relief to "allow redemptions and reduce fees in Grayscale trusts" and unlock $9 billion or more in value for shareholders. John J. Ray lll, CEO of FTX, previously said the goal was to unlock value being "suppressed by Grayscale's self-dealing and improper regulation ban."
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📊 Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in defi is anchored in the Ethereum blockchain, while Lido’s liquid staking protocol accounts for 40.21% of this aggregate.
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💰 SEC opens comment period on proposal that would allow options trading on BlackRock's spot bitcoin ETF
The Securities and Exchange Commission asked for comments from the public about a proposal from Nasdaq that would allow for options trading on BlackRock's spot bitcoin ETF. "The Exchange proposes to amend Options 4, Section 3, Criteria for Underlying Securities, to allow the Exchange to list and trade options on iShares Bitcoin Trust (the 'Trust') as a Unit deemed appropriate for options trading on the Exchange," the filing stated.
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💰 SEC opens comments on options trading for BlackRock, Cboe spot Bitcoin ETFs
The U.S. Securities and Exchange Commission (SEC) on Jan. 19 opened comments on proposals related to options trading on Bitcoin ETFs. One SEC notice concerns a proposed rule change allowing Nasdaq to list and trade options on BlackRock’s iShares Bitcoin Trust.
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💰 Bitcoin mining reaches new all-time high of 54% renewable use
The report, released on Jan. 18 by Bitcoin (BTC) environmental, governance, and corporate governance (ESG) analyst Daniel Batten, is based on data from the BEEST model and an in-depth analysis of publicly available information, highlights that Bitcoin mining’s sustainable energy usage has soared to an unprecedented 54.5%, marking a 3.6% increase over the calendar year 2023.
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💰 Grayscale Sees Over $477 Million Bitcoin Exodus as Blackrock and Fidelity ETFs Bolster Holdings
Recent data reveals that since the update on Grayscale’s website three days prior, the firm’s most recent figures indicate a significant reduction in its holdings, with over 11,189 bitcoin, valued at approximately $477 million, being withdrawn from GBTC’s reserves. Concurrently, the introduction of spot bitcoin exchange-traded funds (ETFs) by Blackrock, Fidelity, and other companies has led to an increase in their bitcoin assets.
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💰 Bitcoin Hits Peak Interest on Google Trends Following SEC's ETF Approvals
In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs).
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🇰🇷 South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024.
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💰 Vanguard ceases support for Bitcoin futures ETF purchase
Vanguard, one of the world’s largest asset managers, continues to maintain its anti-Bitcoin sentiment, with the company recently stating that it would stop the purchase of Bitcoin futures exchange-traded funds (ETFs) on its platform.
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🪙 Binance and 🏦 Coinbase Hold 11% of Crypto Economy’s Net Value, Leading in BTC and ETH Reserves
Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $1.68 trillion digital currency economy.
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🥇 Cathie Wood: Only 3-4 Bitcoin ETFs to Survive Long-Term
Cathie Wood of Ark Invest forecasts a significant reduction in the number of Bitcoin ETFs, predicting only 3-4 will survive long-term.
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💰 JPMorgan says spot bitcoin ETFs could see up to $36 billion of inflows in rotational capital
Spot bitcoin exchange-traded funds, which began trading in the U.S. today, are not anticipated to draw in a significant amount of fresh capital; instead, they may experience a shift of up to $36 billion in inflows from existing crypto instruments, according to JPMorgan.
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JUST IN: 💥 The 💰 Bitcoin ETFs have been officially approved!
Trading is expected to start tomorrow
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💰 Valkyrie executive 95% confident in Wednesday spot Bitcoin ETF approval
Valkyrie CIO and co-founder Steven McClurg expects approval on Jan. 10.
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NEW: 💰 Bitcoin mining company Core Scientific secures 💵 $55M equity investment as it emerges from debt crisis
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💰 FTX-tied Alameda Research drops lawsuit against Grayscale
Bankrupt cryptocurrency exchange FTX's affiliate Alameda Research has dropped a lawsuit against Grayscale Investments that had accused the digital asset manager of "enriching itself at shareholders' expense", a court filing showed on Monday. Grayscale CEO Michael Sonnenshein was named in the lawsuit along with parent company Digital Currency Group (DCG) and its CEO, Barry Silbert.
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💰 Bitcoin Investor Demand Weakens in the US Post-ETF Approval: CryptoQuant
Short-term investors and large BTC holders have turned into a “risk-off” attitude and are on a selling spree, according to CryptoQuant. According to a weekly report from market intelligence platform CryptoQuant, the weak BTC demand from U.S. investors is evident in crypto exchange Coinbase’s premium turning negative for the first time in 2024 amid high selling activity from short-term holders.
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💰 Bitcoin dips to lowest level since Dec. 12 before bouncing as buyers hold $40k threshold
Bitcoin slumped to as low as $40,280 on Jan. 19, its lowest level since Dec. 12, 2023, before rebounding to $41,979 after four hours of consistent sell pressure that liquidated most long positions on major exchanges. As of press time, Bitcoin traded at $41,609 after failing to breach $42,000. Meanwhile, long liquidations stood at roughly $30 million and made up 85% of all liquidations over the period, based on CoinGlass data.
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🪙 SEC delays Fidelity’s Ethereum spot ETF, but decisions are still expected in May
The U.S. Securities and Exchange Commission (SEC) said on Jan. 18 that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. More specifically, the decision concerns a proposed rule change that would allow Cboe BZX to list and trade shares of Fidelity’s planned fund. The SEC noted that the proposed rule change was originally filed on Nov. 17, 2023 and published for comment in the federal register on Dec. 6, 2023.
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💰 Bitwise CEO confirms $370 million inflows for its Bitcoin ETF in blazing four-day debut
Bitwise Bitcoin ETF Trust (BITB) has swiftly surged to an impressive $370 million in assets under management (AUM) within its inaugural four days of trading. Hunter Horsley, the CEO of Bitwise, shared this milestone on Jan. 18 via social media platform X (formerly Twitter), noting a remarkable influx of $68 million designated explicitly for Bitcoin acquisition during the past day.
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💰 $9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar, with Grayscale’s GBTC capturing the lion’s share of the trading volume.
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💰 Coinbase Prime hot wallet leads weekly Bitcoin trading with $11.4 billion volume
Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch.
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💰 Top Analyst Predicts Bitcoin To Hit $300K Amid Pre-Halving Surge
Bitcoin nabs substantial attention among crypto market traders globally as a top analyst foresees BTC to $300K as halving nears.
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🇮🇳 Indians are turning to local exchanges amid clampdown on foreign platforms
India has now banned foreign exchanges from operating in the country by blocking access to their websites and new application downloads.
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💰 Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals
Miner outflow has hit a multi-year high as tens of thousands of bitcoin (BTC), worth over $1 billion, have been sent to exchanges. CryptoQuant data shows that the majority of the bitcoin has moved from mining company F2Pool. Bradley Park, an analyst at the company, told CoinDesk in a Telegram message that the move is due to miners facing increased costs.
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🥇 UBS and Citi Will Let Some Customers Trade Bitcoin ETFs
UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter.
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🇺🇸 US politicians buy up crypto amid Bitcoin ETF approval
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💰 Blackrock drops Bitcoin ETF fee to just 0.12% for first $5B in assets, 0.25% ongoing Blackrock looks to offer one of the lowest fee among providers.
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🥇 Honduran City of Prospera Adopts Bitcoin as Unit of Account
The city of Prospera in Honduras has recently adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022.
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💰 Fee Frenzy Unleashed: Bitwise Dominates with a Game-Changing 0.24% in Bitcoin ETF Race! 🌐💸
With the countdown to the SEC's decision on U.S. Bitcoin exchange-traded funds (ETFs) underway, the crypto community is buzzing with excitement, and the spotlight is firmly on the battle of the fees! 🔥📈
💎 Bitwise Steals the Spotlight with a Mind-Blowing 0.24% Fee! 🚀💰
Get ready for a financial rollercoaster, investors! Bitwise, the maestro of crypto, takes the lead with an unprecedented 0.24% fee, coupled with a generous 6-month fee hiatus! 🎉✨ Embark on a journey of financial innovation with Bitwise at the forefront!
🏁 Intense Competition as Rivals Race to the Bottom! 💼🚀
Ark and 21Shares are hot on the trail, matching Bitwise's enthusiasm with an ultra-competitive 0.25% fee. VanEck and Franklin join the fray, unveiling their sleek 0.25% fee structures. The quest for the lowest fee is on, and investors stand to reap the rewards! 💸🌈
🌍 BlackRock's Strategic Move Sends Shockwaves Through the Market! 💡💼
BlackRock, the global titan, throws a curveball with a strategic 0.30% fee—defying market expectations! This bold move reshapes the landscape, setting a new standard for industry giants! 💪📉
📊 "Life Just Got Tougher for Everyone Else!" - Analysts React! 🤯📊
Bloomberg Intelligence’s ETF senior analyst, Eric Balchunas, succinctly sums it up: "Life just got a lot tougher for everyone else." BlackRock's unexpected pricing decision adds an exhilarating twist to the unfolding Bitcoin ETF narrative! 🚀🔥
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