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💰 Short-term custodial crypto accounts soar 250% with Bitcoin ETF hype
The total assets under custodial accounts increased by 250% during the past four months amid the hype surrounding the spot Bitcoin exchange-traded fund (ETF), according to a Bitget report shared with CryptoSlate. Bitget attributed the surge to the broader crypto market performance and the escalating anticipation of a bull run among its users. In addition, the firm identified the integration of cryptocurrencies into daily life activities as another pivotal factor that propelled the sector’s growth.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin price rises above $45,000 as miner selling pressure eases off: CryptoQuant
Bitcoin broke through the $45,000 mark on Thursday, as on-chain data shows miner selling pressure is beginning to ease off. According to CryptoQuant, on-chain data shows that the largest U.S. publicly traded bitcoin mining companies have continued to increase their bitcoin holdings. For example, CryptoQuant's charts show Marathon Digital's bitcoin holdings have increased steadily over the past few months.
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🇺🇸 SEC Delays Decision on Invesco-Galaxy Spot Ethereum ETF Proposal
May 23 continues to be a significant date for the approval of spot Ethereum ETFs, representing VanEck’s final deadline for approval. The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar delay in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum ETF proposals.
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🇺🇸 SEC adopts rule to have stricter oversight over dealers, looping in crypto and DeFi
The Securities and Exchange Commission voted to adopt rules that require market participants who have significant liquidity-providing roles to comply with federal securities laws, looping in cryptocurrency to the mix. The SEC voted 3-2 to adopt that rulemaking in a meeting on Tuesday, which in its proposed 194-page form included one mention of crypto in a footnote.
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💰 Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements
The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed to include these holdings in its income tax statements, opening the doors for receiving fines or being charged for crimes against the tax system.
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💰 Facebook, Instagram Will Join Google Enabling Bitcoin ETF Ads
Two of the world’s largest social media platforms will allow companies to advertise spot Bitcoin ETFs (exchange-traded funds). This represents a significant stride toward the increasing mainstream acceptance of cryptocurrencies. The new policies could pave the way for Bitcoin ETF ads to be featured on Facebook and Instagram. These companies have a colossal user base of over 2 billion monthly active users each,
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💰 The U.S. Government Seems to Be Closing in on Bitcoin Mining
The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. Is this cause for alarm? More specifically, the Energy Information Administration (EIA), a statistics agency under the DOE, will survey the electricity use of selected U.S.-based miners over the coming six months starting next week, after putting out an “emergency collection of data request.”
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💰 Grayscale's GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024, GBTC has offloaded a total of 138,742.56 bitcoin, valued at slightly over $6 billion based on prevailing exchange rates.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Solana registers all-time high in monthly new addresses for January
There was significant increase in the number of new addresses on the Solana blockchain during the month of January, according to The Block’s data dashboard. The monthly count of new addresses on Solana increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.
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💰 Bitcoin’s steady stand: 146 days of trading between $40k and $45k
Bitcoin’s price rally from October 2023, which saw it soar from $25,000 to $49,000 in January 2024, witnessed the digital asset hitting the $40,000 mark for the first time since April 2022 on Dec. 4. From then on, it steadily consolidated above $40,000 for 49 consecutive days. However, it lost the $40,000 support level on Jan. 22. Bitcoin’s trading price currently hovers around $42,000.
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💰 Bitcoin heads for fifth consecutive monthly green candle amid rollercoaster market conditions
This month was a rollercoaster ride for the digital asset, with peaks touching $49,000 and troughs sinking to roughly $38,500. The volatility was stoked by the eagerly anticipated launch of the spot Bitcoin ETFs, which initially spurred a sell-off but eventually bolstered recovery. The period from September to December 2023 also recorded green monthly closes for Bitcoin, which saw Bitcoin shoot up from $25,000 to $45,000 in anticipation of the ETF.
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🔵 Circle will launch USDC on the Celo network
Circle, issuer of the stablecoins including USDC and EURC, will launch its USD-pegged stablecoin on Celo , the Layer 1 that's transitioning into an Ethereum Layer 2 scaling network. In addition to natively launching the token, an imminent governance vote will determine if USDC will act as Celo's official gas currency.
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📣 Crypto investors lost nearly $2b over 600+ incidents in 2023, data shows
In an X post on Jan. 29, PeckShield released an infographic highlighting the extensive scale of hacker attacks targeting the crypto sector in 2023. According to their data, crypto investors faced losses amounting to $2.6 billion due to illicit activities, with a recovery of nearly $675 million. PeckShield’s findings reveal that investors suffered losses of over $1.5 billion from hacks and an additional $1.1 billion from scam schemes, reflecting a 27.78% decrease compared to 2022.
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📣 Crypto Hacking Losses Halved in 2023
Funds stolen by hackers from cryptocurrency platforms fell by over 50% in 2023 compared to the previous year. However, the number of individual hacking incidents rose, indicating that hacking remains a significant threat for crypto investors. In 2022, hackers stole a record $3.7 billion from crypto platforms. But, according to a new report from the blockchain analytics firm Chainalysis, in 2023, that figure dropped to around $1.7 billion, representing a decrease of 54%.
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💰 Citrea Proposes First ZK Rollup to Make Bitcoin the All-Chain
Citrea, a project that aims to scale Bitcoin through ZK rollups, came out of stealth on Tuesday. The project aims to become a pathway for several initiatives to take advantage of the decentralization and security of Bitcoin while at the same time contributing to scaling and giving developers the ability to adapt Ethereum Virtual Machine (EVM) apps into the protocol.
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💰 Apple co-founder Steve Wozniak says, "Bitcoin is safe, stable, and conservative”
🔹 @Crypto_Ethereum_Bitcoin 🔹
#BTC Update:
What a pump 📈
BTC pumped right after the trendline breakout we discussed earlier
Bulls are in control, but watch out for potential resistance levels ahead.
@ChartsSignalsTrading
🟠 Binance retakes leads over CME as top Bitcoin futures market
Binance has overtaken CME as the leading exchange in terms of Bitcoin futures open interest once again. This change in ranking represents the total amount of funds allocated in open futures contracts, which now stands at approximately 105,000 BTC on Binance and roughly 101,000 BTC on CME. The data reveals a key trend: the rotation from futures such as BITO into cheaper spot Bitcoin ETF products, triggered by the approval of the ETF.
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💰 Ads for Bitcoin spot ETFs Go Live on Google
Spot Bitcoin Exchange-Traded Funds (ETFs) were approved in the United States by the Securities and Exchange Commission (SEC) in early January. A report from Financial Times claims that Bitcoin ETF ads have been made live on search engine Google. Google’s updated advertising guidelines now permit the display of ads promoting ‘cryptocurrency coin trusts’ alongside search results for queries related to ‘bitcoin ETF.’
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🇪🇸 Spanish Treasury to seize crypto to pay tax debts
The Spanish Ministry of Finance is looking to expand its control over the monitoring of cryptocurrencies in the country to allow it to seize digital assets to settle tax debts. The ministry, led by María Jesús Montero, is developing legislative reforms to the General Tax Law, specifically Article 162, to allow the Spanish Tax Agency to identify and seize crypto assets owned by taxpayers who have overdue debts, according to reports.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
According to the data, publicly-traded entities with the largest 🥇 BTC holdings include:
⚫ Grayscale: 487,026 BTC
⚫ MicroStrategy: 189,150 BTC
⚫ BlackRock: 66,200 BTC
⚫ Fidelity: 59,224 BTC
⚫ Purpose Investments: 32,318 BTC
🤝 @Cryptocurrency_Inside ✅
💰 'Wolf Of All Streets' Explains Bitcoin Halving Could Send BTC to $240,000
Scott Melker, also known as the “Wolf Of All Streets,” has explained why the upcoming Bitcoin halving could push the price of the cryptocurrency to $240,000. Noting that in the last halving cycle, bitcoin’s price went from the $20,000 high to the $69,000 high, he stressed that it’s an appreciation of 250.86%. If a similar trend occurs, he said, “we’re looking at bitcoin around $240,000.”
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🟠 Binance Data Including Code, Internal Passwords Leaked on GitHub: Report
According to 404 Media, the material, posted by an account called "Termf," included code, infrastructure diagrams, internal passwords, and other technical information. Some code available on the site is reportedly related to Binance's implementation of security measures, including passwords and multi-factor authentication (MFA).
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🟠 Hamas victims file class action against Binance over allegedly facilitating terrorism financing
Families of Hamas victims have filed a lawsuit against the cryptocurrency exchange Binance in a federal court in Manhattan, alleging that the platform indirectly facilitated financial transactions for Hamas, Bloomberg News reported Feb. 1. The plaintiffs are seeking compensatory and punitive damages in an effort to hold the exchange accountable.
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💰 Google allows spot Bitcoin ETF ads; BlackRock, VanEck among sponsored links
Google has begun to permit advertisements featuring U.S. spot cryptocurrency exchange-traded funds (ETFs) as of Jan. 29. Third-party reports indicate that some asset managers have already begun to advertise their ETFs with Google. One X post from WatcherGuru shows that BlackRock and VanEck spot Bitcoin ETFs now appear as sponsored links in Google search results.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 BlackRock and Fidelity spot bitcoin ETFs close in on Grayscale in daily trading volume
After several days in a row of dominance, it appeared for a time on Tuesday that BlackRock and Fidelity spot bitcoin ETFs might surpass Grayscale's fund in terms of daily volume for the first time since the products began trading more than two weeks ago. Grayscale's fund, a conversion rather than a brand new product, has shed billions of dollars after starting with more than $25 billion in assets under management.
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💰 9 Newly Launched Spot Bitcoin ETFs Accumulate BTC Holdings Worth Nearly $6 Billion
Current data reveals that Blackrock’s IBIT spot bitcoin exchange-traded fund (ETF) currently possesses 52,025.76 bitcoin, with a total value of $2.18 billion. Furthermore, Fidelity’s FBTC has increased its bitcoin holdings, now standing at 46,238.09 bitcoin as of Jan. 29, 2024.
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💰 Vanguard Says No to Bitcoin ETFs — Views Crypto as 'Immature Asset Class' With 'No Inherent Economic Value'
Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.”.
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