Jump Trading’s recent transfer of hundreds of millions of dollars worth of Ether has stirred debates and market speculations. This aggressive unloading of assets preceded a historic stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points — its largest-ever drop in point terms. Jump Trading moved around $315 million…
According to public disclosures filed on Aug. 5, Capula Management, Europe’s fourth-largest hedge fund, invested nearly $500 million in Bitcoin exchange-traded funds. The hedge fund, which is based in the United Kingdom and manages upward of $30 billion in investor assets, holds shares in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT). According…
The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5. According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT). Spot Ether ETFs recorded $715.3 million in trading…
The crypto market has just clocked its largest three-day sell-off in almost a year, shedding $313 billion since Aug. 2. The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame. The market stumble has been led by weak employment data, slowed growth…
Depending on who you listen to, crypto is a blessing or a curse. Many, like Texas Lieutenant Governor Dan Patrick, have convinced themselves our near future will be marked by a massive growth in energy demand to support Bitcoin mining that may ultimately break the electrical grid. On the other hand, former President Donald Trump has…
Crypto executives are scheduled to meet privately “next week” with White House aides and Democratic Party Representative Ro Khanna to address pressing issues and propose policy changes. According to a Bloomberg report, the roundtable will include high-ranking officials from Vice President Kamala Harris’s election campaign and the White House, including outgoing senior White House adviser Anita…
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