World Liberty Financial has distributed $4 million worth of its USD1 stablecoin to 85,106 WLFI holders in a major airdrop. The airdrop delivered $47 USD1 to each eligible wallet after a governance campaign ended in May. The event adds interest to the Trump-affiliated blockchain initiative, which raises expectations for trading WLFI tokens. The distribution was […]
Bitcoin ETF
Trump’s Truth Social Files for Spot Bitcoin ETF with SEC
Former US President Donald Trump’s crypto ventures may soon grow larger, as recent filings reveal plans for a Bitcoin exchange-traded fund (ETF) tied to his Truth Social platform. On June 3, the NYSE Arca exchange filed the Truth Social Bitcoin ETF application with the Securities and Exchange Commission (SEC). The filing was submitted on behalf […]
Spot Bitcoin ETFs See $609M Inflows as BTC Hits $111K High
U.S. spot Bitcoin ETFs posted $609 million in net inflows on Wednesday, extending their streak to six straight sessions. Following the increased demand by institutions, bitcoin pushed higher to a new all-time high of over $111,000, driven partly but not solely by ETF activity. The trading volume across 12 U.S.-listed spot Bitcoin ETFs reached $7.64 […]
Bitcoin Breaks $111,000 High as ETF Inflow Continually Grows
Bitcoin price has gone past the $110,000 high for the first time. During the surge in BTC price, it was also recorded that the inflow into ETFs (exchange-traded funds) also increased. This increase shows investors’ interest in Bitcoin ETFs and confidence in Bitcoin’s future. BTC spot ETFs grew to over $600 million in new investments. […]
Blackstone Makes First Crypto Move With $1M Bitcoin ETF Purchase
Blackstone entered crypto by purchasing $1.08 million worth of Bitcoin ETFs. This marks Blackstone’s first-ever investment in digital assets. BlackRock’s iShares Bitcoin Trust ETF (IBIT) shares were added to the Alternative Multi-Strategy Fund run by the firm. The move highlights a shift in Blackstone’s approach, as the firm historically avoided direct exposure to cryptocurrencies. On […]
SEC Puts Solana ETF on Hold Again, Leaving Approval Timeline Unclear
The deadline for the SEC to rule on Solana ETF applications submitted by 21Shares and Bitwise has been postponed. This is yet another impediment to digital asset regulation. The next step involves formal proceedings, which means the review period can last indefinitely. The SEC’s most recent statement indicates it is taking longer to review cryptocurrency […]
Hacker Behind SEC Bitcoin ETF Hoax Sentenced to 14 Months in Prison
An Alabama man has been sentenced to 14 months in prison for hacking the U.S. Securities and Exchange Commission’s (SEC) social media account. Eric Council Jr., a 26 year old man, was convicted for his role in a SIM swap attack that allowed him and his accomplices to post a false message about Bitcoin exchange-traded […]
BlackRock Bitcoin ETF Shocks Market with $410M Inflows Surge
BlackRock’s Bitcoin ETF received the most significant inflows of any ETF product focused on bitcoin in the US on Thursday. BlackRock reported another significant inflow of $410 million, staying at the top of the ETF market. BlackRock has recorded $45.4 billion in total inflows since the ETF’s launch. The rest of the Bitcoin ETF market […]
US Pursues 2-Year Prison Term for Hacker Behind Fake Bitcoin ETF Tweet
U.S. prosecutors are pushing for a two-year prison sentence for the individual responsible for hacking into the U.S. Securities and Exchange Commission’s (SEC) official X (formerly Twitter) account and spreading false information about the approval of a Bitcoin exchange-traded fund (ETF). Eric Council Jr., an Alabama resident and the defendant in the case, carried out […]
BlackRock Buys $4.44B in Bitcoin as Price Nears $95K, Sparks Surge Above $100K
Bitcoin (BTC) has experienced a significant surge of 4.19% in the past 24 hours, reaching $102,952.53. With a market cap of $2.04 trillion and a 24-hour volume of $66.01 billion, Bitcoin remains a dominant force in the crypto market. In a related development, Lookonchain highlighted a strategic move by BlackRock. When BTC was hovering around […]