Quick Take A Sharpe Ratio for Bitcoin (BTC) +0.97  over the past five years presents a noteworthy observation, according to Jurrien Timmer, director of Global Macro at Fidelity. Despite the renowned volatility of Bitcoin, this ratio suggests that the digital asset has offered a close to even exchange between risk and excess return over the […]
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Quick Take The Bitcoin hash rate experienced a significant drop in the middle of January, triggered by the Texas freeze, which saw it plunge 6% from its record peak. However, this plunge was short-lived, as evidenced by Jan. 25, which witnessed the most significant single-day hash rate ever recorded, at an impressive 638eh/s, marking a […]
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Analysts from banking giant JPMorgan believe that the profit-taking from the Grayscale Bitcoin Trust (GBTC) may have concluded, potentially alleviating the downward pressure on Bitcoin prices.  The analysts explained that they had estimated that GBTC could see as much as $3 billion in outflows from investors previously exposed to its discount. But with the flow […]
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Quick Take The United States’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock.org. An escalating annualized interest accompanies this steep climb on the federal debt that exceeds $1 trillion and is projected to break through the $3 trillion threshold by Q4 2030, according to E.J. Antoni, an economist at Heritage […]
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The Bank for International Settlements (BIS) has revealed its strategic priorities for 2024, with a particular emphasis on Central Bank Digital Currencies (CBDCs) and tokenization. The 2024 roadmap points to a continuation of the watchdog’s engagement with digital financial technologies. The BIS has taken a heavily pro-CBDC stance and has published a comprehensive framework for […]
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Congresswoman Maxine Waters, ranking member of the Financial Services Committee, has initiated an investigation into Meta’s involvement with digital assets over financial stability concerns. Waters wrote a letter to top Meta executives Mark Zuckerberg and Javier Olivan on Jan. 22, highlighting a series of trademark applications that suggest a potential expansion into digital currency and […]
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Ethereum layer 2 network Base has successfully integrated Chainlink Automation to enhance the scalability of smart contracts, according to a Jan. 23 statement provided to CryptoSlate. This integration would allow Base developers access to decentralized, verifiable, and gas-efficient smart contract automation features. Chainlink Automation is a secure and cost-efficient service tailored for Web3 developers, offering […]
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According to data from trading firm Webull, around 70% of Grayscale GBTC holders likely remain in profit. The average shares were purchased at $27.82, some 20% below the current price as of press time. The Webull data shows the state of the trust the day before its conversion to a spot Bitcoin ETF and indicates […]
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Quick Take Recent data analysis from Glassnode reveals a substantial decrease in the balance of the Grayscale Bitcoin Trust ETF (GBTC), now estimated at around 553,000 Bitcoin, which is roughly 12% down from its high of 630,000 Bitcoin. A key contributing factor to this decline appears to be the increasing outflows, which have been estimated […]
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Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate. In this recent transaction, ARK Invest acquired 523,541 ARKB shares at $21 million while divesting […]
The post ARK Invest continues Bitcoin futures ETF rotation with multimillion-dollar ARKB purchase appeared first on CryptoSlate.

TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum. On Jan. 16, CryptoSlate highlighted increased volatility in TUSD’s value […]
The post TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives appeared first on CryptoSlate.

Quick Take The futures open interest market has witnessed a seismic shift, with CME rising to prominence, outpacing Binance to hit a 30% dominance. This ascension was propelled by the lead-up to the spot Bitcoin ETF, which saw a high of 136,000 Bitcoin allocated in CME on Jan. 10, which decreased to 112,000 Bitcoin by […]
The post Could Binance be on the verge of taking back its lead from CME in futures markets? appeared first on CryptoSlate.

OpenAI published a blog post on Jan. 8 in which it responded to an ongoing lawsuit previously initiated by The New York Times. On Dec. 27, the newspaper alleged in a lawsuit that OpenAI violated copyright law and used millions of its articles to train automated chatbots. OpenAI, however, claims that The New York Times […]
The post OpenAI claims New York Times was in partnership talks prior to lawsuit appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) began to publish notices of filing updates related to spot Bitcoin ETFs on Jan. 8. As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes. Six of those updated filings concern proposed rule changes through which the […]
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Quick Take Standard Chartered Bank’s recent report, dated Jan 8. 2024, provides an analytical perspective on a possible surge in Bitcoin’s price, contingent on the projected approval of spot ETFs by the US Securities and Exchange Commission (SEC). The report draws a significant comparison with historical gold price escalations following the approval of gold ETFs, […]
The post Standard Chartered: Possible $200k BTC by 2025 hinges on spot Bitcoin ETF approval appeared first on CryptoSlate.

The price of Bitcoin (BTC) surpassed $47,100 on Jan. 8 amidst expectations of spot Bitcoin ETF approvals over the coming days. Bitcoin was priced at $47,162 at 7:15 p.m. UTC. At the time, its market cap is roughly $918 billion. The latest high represents daily gains for Bitcoin and other top-ten crypto assets. Bitcoin (BTC) […]
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Bitcoin developers at Ninjalerts have successfully inscribed the Super Nintendo Entertainment System (SNES) emulator on a Bitcoin satoshi, marking a significant advancement in the capabilities of Bitcoin Ordinals. The project was spearheaded by the team at Ninjalerts and aims to redefine the intersection of art, gaming, and blockchain technology in the form of NFTs — […]
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CleanSpark Inc., the third largest public Bitcoin mining company by hashrate, has agreed to purchase up to 160,000 Bitmain S21 miners, according to a Jan. 8 announcement. The move could propel its hashrate to an impressive 50 EH/s over the coming year, marking a substantial leap from its current 10 EH/s. Bitcoin hit a record […]
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Quick Take The nascent year 2024 has marked a significant surge in digital asset investment products globally, amounting to inflows of $151 million in just the first week, as per the analysis by James Butterfill at Coinshares. The Grayscale vs SEC lawsuit seems to have only galvanized investors, leading to a substantial increase in inflows, […]
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VanEck is heating up the competition by seeding its potential spot Bitcoin exchange-traded fund (ETF) with a substantial $72.5 million, according to the amended S-1 form filed on Jan. 8. The move is part of a broader strategy among various asset managers who are vying for the attention of investors through competitive fee structures and […]
The post VanEck buys 1,640 BTC for $72.5M to seed ETF, holdings up over $1M before trading appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler issued a cautionary advisory regarding crypto asset investments just ahead of the highly anticipated spot Bitcoin exchange-traded fund (ETF) approval deadline. In a Jan. 8 post on social media platform X (formerly Twitter), Gensler highlighted the risks of investing in cryptocurrencies, citing regulatory non-compliance, volatility, […]
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Welcome to the CryptoSlate Alpha November Snapshot, a collection of the month’s most pivotal research, insights, and market reports. This content, central to understanding the evolving crypto landscape, is available exclusively to our subscribers who stake at least 20,000 ACS tokens in our Access Protocol pool on Solana. This edition delves into the challenges and […]
The post November’s CryptoSlate Alpha snapshot: Navigating crypto’s regulatory maze and economic uncertainties appeared first on CryptoSlate.

Kraken, facing charges from the U.S. Securities Exchange Commission (SEC), plans to fight and respond to the complaint in court, confirmed the company’s Chief Legal Officer (CLO), Marco Santori, in a conversation with CNBC on Nov. 30. Santori said: “The SEC alleges that … Kraken is a exchange clearing house and broker dealer for investment […]
The post Kraken legal chief dismisses SEC charges as ‘hollow,’ citing Ripple victory appeared first on CryptoSlate.

The U.S. Securities and Exchange Commission (SEC) met with Bitcoin ETF applicant Hashdex this week, according to a Nov. 29 memo from the agency. The discussion, which took place on Monday, Nov. 27., concerned a proposed rule change to allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. According to the SEC […]
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Quick Take November 2023 was another robust month for Bitcoin, which saw a surge of almost 7% over 30 days. The month was marked with several highlights, including setting a new year-to-date high by crossing the $38,000 mark. This was attributed to noticeable premiums on CME and Coinbase, signaling bullishness within the U.S. market. However, […]
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