Bitcoin spot ETF sees zero netflow. GBTC holdings continue to decline. Since the successful authorization and debut of the Bitcoin [BTC] spot ETF, Grayscale’s Bitcoin assets have seen a decrease in value. For the first time since its inception, many platforms have reported no new investments following the ETF’s launch. Grayscale’s Bitcoin holdings halves A … Read more
After hearing the evidence presented during the trial, the jury is now considering their verdict on accusations against Avraham “Avi” Eisenberg for market manipulation and fraud linked to an $110 million scheme involving the Mango Markets decentralized exchange. In the United States District Court for the Southern District of New York on April 17, Judge … Read more
Senator Elizabeth Warren of the United States wrote a letter to Treasury Secretary Janet Yellen, expressing her concerns based on Deputy Treasury Secretary Wally Adeyemo’s testimony before the Senate Banking Committee on April 9. The focus of her letter was consistent with the discussion during the hearing: the importance of implementing effective measures against Money … Read more
Approximately 10 million people have signed up for the Pi Network app and successfully passed the identity verification process called Know Your Customer (KYC), as stated in a recent update from April 16th. The Pi team has announced that they will introduce a mainnet and make their tokens exchangeable once certain achievements are met. These … Read more
The price of Bitcoin dipped under $60,000 momentarily in the run-up to the anticipated halving event. However, despite this brief setback, many traders continue to hold a positive view for Bitcoin’s future value due to recurring bullish trends and increasing institutional investment. Bitcoin remains in pre-halving “danger zone” In spite of Bitcoin (BTC) undergoing a … Read more
In 2018, the Initial Coin Offering (ICO) market experienced a frenzy reminiscent of the Wild West. Venture capitalists (VCs) indiscriminately invested over $7 billion in ICOs, with minimal concern for thorough evaluation or background checks. Many investments were made following impulsive conversations at cryptocurrency events, rather than through rigorous research and due diligence. The most … Read more