Bitcoin Price (BTC) Regains $41K in End of Week Rally ARK Invest has sold over 2.2 million shares of the ProShares Bitcoin Trust ETF and bought 1.5 million shares of the ARK 21 Shares Bitcoin ETF. They sold the ProShares Bitcoin Trust ETF as part of a short-term play strategy and in anticipation of the … Read more
SEC Mishap Triggers $220 Million In Crypto Liquidations A fake tweet from the SEC’s hacked Twitter account claiming approval of Spot Bitcoin ETFs triggered a surge in prices followed by a crash, leading to $220 million in liquidations and losses for 70,000 traders. Long traders suffered the most, with $133.5 million in liquidations compared to … Read more
The race among Spot Bitcoin ETF issuers is intensifying as Bitwise has gained interest from an investor to seed its ETF with $200 million, potentially overtaking BlackRock and gaining an advantage in meeting client demands. Bitwise’s intention to lead the way in the ETF market was displayed through its commercial release. Meanwhile, other issuers like … Read more
XRPL’s Capability To Handle 293+ Million Transactions Daily Can Make XRP A Global Utility Asset XRP enthusiasts are optimistic about the cryptocurrency’s growth potential, following Ripple’s partial win against the SEC. Popular XRP influencer Alex Cobb shared data about the XRP Ledger’s capabilities, highlighting its potential as a global payment facilitator. Cobb revealed that XRPL … Read more
Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million A report from Chainalysis has found that the majority of cryptocurrency transactions in the United Arab Emirates (UAE) exceeding $1 million from July 2022 to June 2023 were made by institutional investors. These institutional investments accounted for over 67% of crypto transactions in … Read more
Binance CEO Responds To Rumors That He Received A $250 Million Loan From The Exchange Binance CEO Changpeng “CZ” Zhao has denied claims that he received a $250 million loan from BAM Management. The claims were made in a report following a court filing related to a lawsuit between Binance and the US Securities and … Read more
Recent court filings have revealed a series of financial transactions that occurred prior to the decline of FTX in November 2022. The filings suggest that these transactions predominantly benefited individuals in influential positions within the company. However, FTX debtors have cautioned that the accuracy and completeness of the data cannot be guaranteed. One notable transaction … Read more
