Institutional interest in Bitcoin ETFs surged, with $7.22 billion traded in a single day.BlackRock’s IBIT led trading volumes, accounting for over half of the $7.22 billion. Institutional interest for Bitcoin ETFs has risen, with trading volumes reaching their highest levels in over 7 months. The 6th-highest level ever recorded, trading volumes in U.S. spot Bitcoin...
Avalon Labs’ USDa stablecoin reaches 100M supply, backed by $200M in Bitcoin.Avalon Labs opens a $50M deposit quota, offering 20-50% APY and 3x points rewards. Avalon Labs has achieved a big milestone by launching USDa, the world’s first Bitcoin-backed overcollateralized stablecoin. With collateralized Bitcoin assets of a stunning $200 million, this creative stablecoin has rapidly...
Bitcoin reaches $85,000, with only 17% left to hit the $100,000 milestone by year-end, driven by Trump’s crypto-friendly policies and investor optimism.Bitcoin’s rally is fueled by institutional interest, including the Bitcoin ETF approval, and a favorable political environment that boosts market confidence. As we discussed in a CNF update earlier, Bitcoin Nears the $90,000 Milestone...
Trump and Musk advocate for more presidential control over the Federal Reserve, with Bitcoin increasingly viewed as a hedge against inflation and national debt.Amid concerns over the Fed’s influence, Bitcoin is gaining traction as a potential tool for managing the U.S. economy, particularly in the context of inflation and debt management. Following Donald Trump’s 2024...
Bitcoin’s appeal as “digital gold” grows as capital shifts from traditional safe-haven assets.Demand for Bitcoin options surges as investors prepare for potential breakout opportunities. Since the recent election, a noticeable trend has formed in the global financial landscape, with traditional safe-haven assets such as gold losing popularity in favor of Bitcoin. Insights from QCP Capital...
Bitcoin (BTC) has breached the $90,000 milestone as it marches towards the much anticipated $100,000 mark.With friendly crypto regulations foreseen in the coming year, data shows that profit-taking remains below historical levels. Bitcoin (BTC) has seen an incredible rally, gaining more than 40% since October 13. The steep rally has encouraged trader confidence, with profit-taking...
Ripple (XRP) CEO Brad Garlinghouse subtly likes a post that alleges that he met with the US president-elect Donald Trump, to discuss the crypto industry. Garlinghouse recently accused the US Securities and Exchange Commission (SEC) of selecting “winners” and “losers” through their enforcement actions. Ripple’s XRP has finally broken out of a falling wedge to hit...
StakeStone secures $22M funding to advance liquid staking for ETH and BTC.Binance Labs backs the BIO Protocol for decentralized scientific research development. StakeStone recently closed a $22 million fundraising round led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures. This fundraising round reflects the increased interest in developing liquid staking solutions,...
Murad believes select memecoins with strong communities can succeed long-term.Community analysis is key to identifying memecoins with “diamond hands” holders. In a recent interview on the Wu Blockchain Youtube channel, the host and notable crypto journalist Collin Wu spoke with Murad Mahmudov, a well-known personality in the crypto industry, about the future of memecoins. Murad...
Bhutan has accumulated $1 billion in Bitcoin, leveraging its excess energy resources for mining and diversifying its economy amid post-COVID struggles.As Bhutan leads with its Bitcoin investments, corporate and government interest in Bitcoin is rising, with the U.S. and corporations like MicroStrategy re-evaluating their stance on the cryptocurrency. A $1 billion Bitcoin (BTC) reserve has...