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The Daily: US Bitcoin ETFs witness record outflows, SEC approves first spot Bitcoin and Ethereum combo funds and more

U.S. Bitcoin ETFs face record outflows, SEC approves combo funds, crypto market downturn persists, Japanese firm raises $61M for Bitcoin, and Copper shifts focus internationally.

theblock.co • 20/12/2024 - 19:01 PM

SEC approves first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton

The SEC approved BTC and ETH crypto index ETFs from Hashdex and Franklin Templeton, the first in the U.S., with planned launches in January targeting diversification in crypto investments.

theblock.co • 20/12/2024 - 11:57 AM

BITCOIN

Japan’s Metaplanet raises $61 million via bonds to buy more bitcoin

Metaplanet Inc. raised $60.6 million to accelerate Bitcoin purchases, holding about $110.3 million in BTC. Its shares fell on both Tokyo and U.S. markets despite a year-to-date rise.

theblock.co • 20/12/2024 - 07:11 AM

Record $680 million daily outflows hit US spot bitcoin ETFs, ending positive flow streak

U.S. spot bitcoin ETFs faced record outflows of $680 million amid Bitcoin price drop, marking the end of inflow streaks for both Bitcoin and Ethereum ETFs.

theblock.co • 20/12/2024 - 06:49 AM

The Daily: El Salvador to limit bitcoin activities in $1.4 billion IMF deal, Ark offloads Coinbase shares amid price slump and more

El Salvador limits bitcoin activities for an IMF deal; Ark Invest sells Coinbase shares; bitcoin's market cap exceeds gold; Hong Kong approves new crypto exchanges; TON Space wallet launched.

theblock.co • 19/12/2024 - 18:56 PM

Ark Invest sells $3.9m worth of Coinbase shares amid price drop following Powell's hawkish speech

Ark Invest sold $3.9 million in Coinbase shares amid a COIN price drop following a hawkish Fed stance, affecting market sentiment and resulting in significant cryptocurrency movements.

theblock.co • 19/12/2024 - 11:35 AM

Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve

Bitcoin falls below $100,000 after Powell's comments against a national reserve; other cryptocurrencies drop as well amid concerns over future policies and market conditions.

theblock.co • 19/12/2024 - 03:28 AM

Hong Kong's HashKey Group launches Ethereum Layer 2 HashKey Chain on mainnet

HashKey Group launched HashKey Chain on mainnet, achieving 25M transactions during testnet, and introduced a grant program, reinforcing its position in cryptocurrency and blockchain services.

theblock.co • 18/12/2024 - 11:47 AM

Coinbase responds to Justin Sun-connected BiT Global's lawsuit over delisting wBTC

Coinbase responded to a lawsuit from BiT Global over the delisting of wBTC, citing regulatory concerns related to Justin Sun and opposing claims of anti-competitive practices.

theblock.co • 17/12/2024 - 22:58 PM

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

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