United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion. According to data from SoSoValue, the total net outflows from spot Ether ETFs exceeded $54 million on Aug. 2. A significant portion of the outflows came from ETHE, which saw a single-day…
Morgan Stanely, the largest wealth manager in the United States, will soon allow its 15,000 financial advisers to start recommending Bitcoin exchange-traded funds (ETFs) to clients, according to a CNBC report. Starting Aug. 7, Morgan Stanley wealth managers can begin advising eligible clients to buy shares of two BTC ETFs — BlackRock’s iShares Bitcoin Trust…
Lido Finance has introduced Lido Institutional, an institutional-grade liquidity staking solution aimed at large customers such as custodians, asset managers and exchanges. Lido Institutional is a middleware solution that “combines the reliability and security necessary for enterprise-grade staking with the liquidity and utility required for diverse institutional strategies,” Lido said in a post on X. Lido Institutional…
In July, online hackers stole around $266 million from the cryptocurrency ecosystem and its investors through 16 separate attacks. On July 18, Indian crypto exchange WazirX lost over $230 million to a major hack — representing 86.4% of the total crypto lost to hacks in the month. After independent investigations, the hack was attributed to North Korean hackers,…
For centuries, the world’s elite have possessed the knowledge and asset planning to transcend national borders and become international citizens, seeking favorable tax jurisdictions and routes of escape should the economic or political situation deteriorate in their home countries. Today, Nomad Capitalist, a tax strategy and immigration advisory firm, brings that knowledge to crypto investors….
Popular cryptocurrency exchange ByBit announced it is halting operations in France and restricting account features for French users in an Aug. 1 press release. ByBit cited “recent regulatory developments” by France’s financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country. The centralized exchange cautioned French users that…
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