Crypto World News

2024-04-09 20:27:08 US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. This remark follows increasing reports that malicious actors used Tether’s stablecoin for their illicit activities. Notably, the US and UK governments launched a joint investigation into crypto transactions worth over $20 billion that may have violated Russian sanctions involving the stablecoin.

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2024-04-09 18:30:02 Top 5 Daily Gainers & Losers

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2024-04-09 11:29:52 Top Chinese mutual funds exploring Bitcoin ETFs via Hong Kong units

Leading Chinese mutual funds are actively exploring Bitcoin exchange-traded funds (ETFs) through their subsidiaries in Hong Kong, with adoption set to kick off within the second quarter once regulatory approval is secured, local media reported on April 8. Jiashi Fund has applied to launch a Bitcoin spot ETF, while Huaxia Fund’s subsidiary recently partnered with Bitcoin ETF custodian HashKey. Both firms are awaiting regulatory approval to proceed further.

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2024-04-08 22:31:53 BlackRock IBIT ETF nears $15 billion net milestone amid $308 million inflow

Farside data revealed a $203.0 million net inflow on Apr. 5, marking the Bitcoin ETFs’ fourth consecutive net inflow day. This trend suggests a growing interest and confidence in the digital asset space among investors. Notable among the ETF providers is BlackRock’s IBIT, which saw a substantial net inflow of $308.8 million, bringing its cumulative total net inflow to $14,769.1 billion. This represents the biggest net inflow day for IBIT since March 27, underscoring the fund’s growing prominence in the market.

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2024-04-08 19:11:05 Top 5 Daily Gainers & Losers

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2024-04-08 11:21:53 Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has 'a Lot More' Upside

Skybridge Capital founder Anthony Scaramucci discussed his bitcoin outlook in an interview with CNBC Friday. He explained that the demand for spot bitcoin exchange-traded funds (ETFs) “was a big reason” for the recent rebound in bitcoin’s price. “The regulatory hurdle where the United States government is now allowing a CUSIP to be attached to bitcoin is a big reason and … when Wall Street gets a product like this, it’s like a selling machine and it’s generating lots of demand for the product,” he detailed.

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2024-04-07 21:09:54 Pantera Capital posts 66% gain for crypto fund last quarter, despite selling Bitcoin: Bloomberg

Pantera Capital, the $5.2 billion asset manager which was the first to focus exclusively on blockchain technology and digital assets, has posted a 66% gain for its Liquid Token Fund over the first quarter of 2024. The gains were led by Solana and smaller-cap tokens such as Ribbon Finance , Aevo, and Stacks , according to a Bloomberg report, while the fund sold large parts of its position in Bitcoin and Ethereum -based tokens.

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2024-04-07 19:26:49 Top 5 Daily Gainers & Losers

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2024-04-07 10:54:54 Bitcoin Miners Compete for Profitability Ahead of Halving: CryptoQuant

Bitcoin mining companies have increased their selling activity but are still facing challenges like lower transaction fees and increasing mining competition. Although some Bitcoin mining companies have increased their selling activity, they still face challenges like lower transaction fees, increasing mining competition, and the need for higher computing power to produce the same amount of BTC. Their revenues will be slashed by 50%, and they will need higher BTC prices to sustain their profitability.

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2024-04-06 20:09:55 Bitcoin as 'digital gold' could enable continued demand as ETFs mitigate volatility: Coinbase

Hawkish views on the potential for U.S. Federal Reserve interest rate cuts have bolstered gold among traditional investors — a fact that may lead to more demand for bitcoin, in Coinbase's opinion. "In our view, bitcoin's increased acceptance as a form of "digital gold" could enable demand from a new subset of investors in this market regime," David Han, an institutional research analyst at the crypto exchange, wrote in a report published yesterday.

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