Political developments have triggered substantial investments in the digital asset market, with Bitcoin benefiting the most, attracting $419 million in investments.
The latest purchase brings Ark’s total holdings in Coinbase to approximately $67 million, representing 7.43% of the fund’s value.
With over 10% gains in September 2024 so far, Bitcoin price has beaten the average 5.6% returns in September over the past decade. Global rate cuts to will benefit Bitcoin amid huge liquidity pump.
The market correlation between US stocks and crypto has grown in the past few weeks and is now topping 0.67.
World Liberty Financial will sell non-transferrable WLFI tokens, which “are pure governance tokens, only providing the right to make proposals and vote on matters related to the platform.”
Hong Kong aims to stay ahead in fintech by issuing AI guidelines, seeking both innovation and stability.
The expansion marks a significant step in the company’s efforts to enhance its financial services across the region.
Throughout this year, the performance of Coinbase stock has been a really turbulent one.
Monochrome’s proposed ETF is a timely intervention. It comes at a time when global interest in Ethereum has lifted up.
This massive exodus of capital suggests that investors are gradually withdrawing from the ecosystem. It also coincides with Bitcoin’s struggles to find a support level.
Truflation’s solutions mark a significant leap forward in the Web3 sector, enhancing both innovation and transparency in financial markets.
Amid the global market uncertainty, Bitcoin has given subpar returns during the last quarter and so, while Gold has seen a steady ascent.
Last week’s overall outflows were largely driven by two funds. Those are Ark Invest/21Shares’ Bitcoin fund (ARKB) and Grayscale’s Bitcoin ETF (GBTC).
The outflows from US spot Bitcoin ETFs come at a time when Bitcoin itself is struggling with its price.
Presently, GBTC is struggling to find its standing and return to its previous level of relevance among investors.