Download IPFS Global cryptocurrency exchange-traded funds (ETFs) recorded an unprecedented $12.8 billion in inflows over the past 30 days, setting a new record, according to market data. Bitcoin-focused products led with $6.02 billion, marking their third-largest monthly haul and representing a 30% increase compared to June. Ethereum ETFs attracted $5.43[Read More…]

Download IPFS A large leveraged Bitcoin position could trigger a wave of short liquidations worth an estimated $5.6 billion if the cryptocurrency’s price reaches $125,000, according to Coinglass derivatives data. The position, valued at $45 million with 40x leverage, has a liquidation point at $105,000. As of now, Bitcoin is trading slightly[Read More…]

Download IPFS Japanese investment firm Metaplanet, the world’s seventh-largest Bitcoin holder, has raised $3.7 billion to significantly expand its cryptocurrency reserves. The Tokyo-listed company currently holds 17,132 BTC and has set an ambitious goal of increasing its holdings to 210,000 BTC by 2027, reflecting an over 1,135% jump in less than two years.[Read More…]

Download IPFS Major U.S. banks are facing allegations of using a covert strategy, referred to as “Chokepoint 3.0,” to limit competition from cryptocurrency and fintech companies. The term, coined by Alex Rampell, general partner at Andreessen Horowitz (a16z), describes how financial institutions allegedly impose high fees and restrict access to[Read More…]