Vanguard, BlackRock up MSTR holdings, while TradFi firms continue disclosing Bitcoin ETF investments

Vanguard and BlackRock have increased their stakes in MicroStrategy holdings (MSTR) on May 10. Vanguard holds 1.6 million shares of MSTR worth $2.6 billion as of the end of the first quarter, up from 1.2 million shares worth $727.6 million at the end of December 2023. BlackRock now holds 1.2 million shares worth $2.1 billion, […]
The post Vanguard, BlackRock up MSTR holdings, while TradFi firms continue disclosing Bitcoin ETF investments appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024

Hong Kong Bitcoin and Ethereum ETFs face record single-day outflows

Quick Take According to Farside data, the Hong Kong (HK) Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) experienced the largest single-day outflow since launch. BTC ETFs Farside data reports that the BTC ETFs witnessed a staggering $25.3 million in combined outflows on May 13, marking the largest single-day outflow since their launch. AMCi saw […]
The post Hong Kong Bitcoin and Ethereum ETFs face record single-day outflows appeared first on CryptoSlate.
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Cryptocurrency
13 May 2024

US senators challenge DOJ’s broad definition of crypto money transmitters

Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJ’s broad interpretation could criminalize non-custodial crypto asset software services. According to the lawmakers: “The DOJ’s unprecedented […]
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Cryptocurrency
13 May 2024

Crypto investment products see first inflow in weeks despite subdued trading volumes

Crypto-related investment products recorded their first inflow in over a month, totaling $130 million during the past week, according to CoinShares’ latest weekly report. The inflows mark a notable shift in investor sentiment after weeks of negative flows across the crypto market. However, the inflow did not improve investors’ participation in the asset class as […]
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Cryptocurrency
13 May 2024

Layer 1, 2, 3, parachain, sidechain – What’s the difference?

The emergence of various blockchain scaling solutions has sparked discussions about the differences and roles of Layer 1, Layer 2, Layer 3, parachains, and sidechains in the evolving crypto ecosystem. Understanding these concepts is crucial for developers, investors, and users navigating the complex landscape of blockchain technologies – but it’s not always very clear which […]
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Cryptocurrency
13 May 2024

New Hampshire representative proposes Bitcoin ETF investment to address state financial liabilities

New Hampshire State Representative Keith Ammon discussed the potential benefits of the state diversifying its financial reserves into Bitcoin exchange-traded funds (ETFs) in a May 12 social media post. The SEC approved trading spot Bitcoin ETFs on US exchanges in January. Since then, the products have generated huge interest, with major financial institutions like JPMorgan […]
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Cryptocurrency
13 May 2024

DeFi landscape shifts as Solana dethrones Ethereum in trading volume

Identifying trends in DeFi requires analyzing activity on decentralized exchanges (DEXs). These DEXs are the cornerstone of the DeFi market, at the center of DeFi activity, and the main driving force of the sector. To understand what drives DeFi, we need to look at the volume, trader activity, and variety of trading pairs on DEXs. […]
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Cryptocurrency
13 May 2024