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BlackRock’s Spot Bitcoin ETF Volume Topping GBTC Today, Signaling Market Shift

BlackRock's spot Bitcoin ETF is surpassing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume today, indicating a potential shift in the market. Bloomberg ETF analyst James Seyffart reports that this is the first time BlackRock's ETF has outpaced GBTC since its launch. Slow Down in Outflows for Grayscale's ETF The increasing volume of […]

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SFC Warns Against Unregulated Floki and Tokenfi Crypto Staking Programs

Hong Kong Watchdog Cautions Investors The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning to investors regarding the "Floki Staking Program" and "Tokenfi Staking Program." These crypto-related investment products promise high returns but lack the necessary regulatory approval. Risky Investment Programs Both the Floki and Tokenfi programs, which are part

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JPMorgan Predicts Relief for Bitcoin as Grayscale Profit-Taking Declines

JPMorgan's Bitcoin Price Forecast Global investment bank JPMorgan has provided its insights into the cryptocurrency market, specifically addressing the recent bitcoin selloff. The price of BTC dropped from above $47,000 before the approval of the spot bitcoin exchange-traded fund (ETF) to below $39,000 this week. One of the factors contributing to the bitcoin selloff is

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The Avalanche Foundation Announces Requirements for Meme Coin Purchasing Program

Introduction The Avalanche Foundation, a non-profit organization dedicated to supporting the avalanche ecosystem, has recently released the criteria for participating in its meme coin purchasing program. This program, funded by the $100 million Culture Catalyst fund, aims to invest in meme coins that meet specific requirements outlined by the Foundation. In this article, we will

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Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses

Peter Schiff's Outlook on Spot Bitcoin ETFs Renowned gold bug and economist, Peter Schiff, has issued a warning about spot bitcoin exchange-traded funds (ETFs), stating that they are currently in bear markets. He specifically mentioned the Proshares Bitcoin Strategy ETF, which has seen a decline of over 50% in the past two years. Schiff predicts

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Ethereum Market Analysis: Bearish Trends and Potential for a Bullish Reversal

Introduction Similar to bitcoin, ethereum (ETH), the second largest cryptocurrency by market cap, has experienced market turmoil and a distinct downtrend. As of January 22, 2024, ether has shown a notable decrease, with a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum Market Capitalization and Price Ethereum's market capitalization

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Michael Howell Predicts Continued Surge in Global Liquidity Benefiting Stocks, Gold, and Crypto

Michael Howell, the founder and CEO of Crossborder Capital, a London-based independent research and investment company, has offered a unique perspective on the current state of the global economy. Contrary to the prevailing narrative of monetary tightening, Howell believes that there is a rise in liquidity which will have a positive impact on stocks, gold,

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Morgan Stanley Warns of US Dollar’s Dominance at Risk, Highlights Potential Impact of Crypto on Currency Landscape

Morgan Stanley's Concerns on the U.S. Dollar Morgan Stanley, a prominent investment bank, has recently raised concerns about the potential decline of the U.S. dollar's dominance in the global financial system. The bank points to the increasing interest in digital assets, including bitcoin, as a significant factor driving this shift. According to Morgan Stanley, the

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Appellate Court Orders Independent Investigation into FTX Bankruptcy Case

An external examination of the FTX bankruptcy case has been mandated by the Appellate Court, overturning the initial decision to prevent such an investigation. This ruling emphasizes the importance of oversight and transparency in informing potential investors about the operations of crypto exchanges. Potential Crypto Market Risks Highlighted as Court Demands External Probe into FTX

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