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2024-04-05 20:37:22 Crypto VC investments increased 38% in first quarter breaking 2 year trend

Crypto venture capital (VC) investments increased in the first quarter of 2024, according to a survey published by Crypto Koryo on April 4. The analyst measured growth across two distinct metrics. VCs invested nearly $2 billion in crypto projects, marking an increase of 38% from Q4 2023. VCs also invested in 250 crypto projects, representing an increase of 49% from the previous quarter. The results are some of the best since investments peaked sevenfold at $14 billion in Q4 2021.

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2024-04-05 08:34:56 Ripple exec slams SEC’s ‘misguided war on crypto,’ demands accountability

Ripple’s Chief Legal Officer Stuart Alderoty has strongly criticized Gurbir Grewal’s, the Director of Enforcement at the Securities and Exchange Commission (SEC), comment about the crypto industry’s compliance efforts. At a recent SEC event, Grewal suggested that the emerging industry was utilizing various methods to evade the financial regulator’s oversight, such as relocating or registering in different jurisdictions.

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2024-04-04 19:33:55 Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show

Leveraged funds, which the Commodities Futures Trading Commission (CFTC) describes as hedge funds and commodity trading advisers, held record bearish wagers on the bitcoin (BTC) price at the end of the first quarter as the cryptocurrency's rally stalled near record highs. That's the most since the futures began trading in late 2017, according to CFTC figures published last week. CME's standard bitcoin futures contracts are sized at 5 BTC.

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2024-04-01 18:46:54 Bitcoin’s bullish swing backed by record high short-term holder realized price

Bitcoin on-chain data by Glassnode portrays a bullish sentiment, underscored by robust support levels influenced by short-term holders‘ behavior. The Short-Term Holder Realized Price (STH RP), reflecting the average on-chain acquisition cost for coins moved within the last 155 days, recently soared to an all-time high of $57,547. Notably, its 7-day percent change stands at 4%, a significantly elevated figure following a remarkable 11% surge – marking the highest level since 2021.

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2024-03-30 18:29:59 Vitalik Buterin emphasizes need for parallelization, internal scaling in Ethereum rollups

Ethereum co-founder Vitalik Buterin has put a spotlight on the need for internal scaling and parallelization within Layer 2 rollups. This call to action from Buterin in his Thursday blog post comes after the Dencun hard fork took place earlier this month, which introduced a crucial improvement known as EIP-4844 aimed at drastically reducing transaction fees for Layer 2s.

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2024-03-29 19:55:00 Bitcoin futures open interest reaches new high at $38 billion

Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization. Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date.

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2024-03-28 18:29:58 MicroStrategy trades at 'unjustifiable premium' to bitcoin, says firm shorting company's stock

Investment firm Kerrisdale Capital has argued in a new research report that MicroStrategy's shares have become overvalued. "We are long bitcoin and short shares of MicroStrategy, a proxy for bitcoin which trades at an unjustifiable premium to the digital asset that drives its value," Kerrisdale Capital said in the report. "Shares of MicroStrategy have soared amid a recent rise in the price of bitcoin but, as is often the case with crypto, things have gotten carried away."

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2024-03-25 19:02:19 Bitcoin ETFs become hottest product in BlackRock, Fidelity’s repertoire of funds

BlackRock and Fidelity Investment’s spot Bitcoin ETFs — IBIT and FBTC — have become the most popular funds the two asset managers currently offer in less than 50 days of trading, based on data shared by Bloomberg ETF analyst Eric Balchunas. IBIT and FBTC were launched on Jan. 11 and have consistently posted record-setting numbers and generally outperformed the wider ETF market. The strong performance is evidence of Bitcoin’s growing popularity in traditional financial circles.

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2024-03-24 23:35:00 Ki Young Ju Foresees Resurgence as Bitcoin Spot ETFs Slump

The spot Bitcoin ETF market has recently faced a period of subdued activity, coinciding with a decline in bitcoin’s price. Despite this, there are indications that a resurgence may be on the horizon, as highlighted by insights from CryptoQuant CEO, Ki Young Ju. Ju, a renowned analyst, has offered a nuanced perspective on the current state of the spot Bitcoin ETF market. He predicts a potential uptick in net flows for Bitcoin ETFs despite the ongoing downward trajectory of bitcoin’s price.

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2024-03-24 09:08:10 Bitcoin ETFs see full week of net outflows, record low inflows for BlackRock, Fidelity

Wall Street's spot bitcoin exchange-traded funds (ETFs) set a new record this week, but unlike in the recent past, crypto traders may be less than enthusiastic about this latest milestone: five straight days of net outflows. Over the past week, the ten ETFs saw total outflows of $888 million, led by a day of record-breaking outflows from Grayscale's GBTC on Monday, March 18 according to data from BitMEX Research.

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