Crypto News
$1.9 Billion Pulled From Bitcoin and Ether ETFs in 4 Days as Outflow Streak Hits Hard
Bitcoin ETFs lost $312 million and ether ETFs shed $240 million on Wednesday, extending the heavy outflow streak to a fourth consecutive day. In total, crypto ETFs have now seen $1.9 billion leave over the past four trading sessions. Bitcoin ETFs See $312 Million Exit, Ether Funds Lose $240 Million in Relentless Selloff The selloffSource link
Why the $470 Million XRP Whale Unwind Is Not Cause for Panic: Analyst
XRP sentiment remains bullish, noted the analyst, who also suggested the activity represented a redistribution. Source link
Bitcoin Nosedives Below $113K: ETFs Bleed, Powell’s Jackson Hole Speech on Deck
The price of bitcoin slipped past the $113,000 support level and tumbled to an intraday low of $112,147 per coin. Over the past week, it has dropped 4.9% against the U.S. dollar. $28M in Bitcoin Longs Obliterated as Price Slips Under $113K On Thursday, bitcoin’s trading action was far from cheerful as the top digitalSource link
State Street Expands Custody to Tokenized Debt on JPMorgan’s Blockchain Platform
State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan’s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian.The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), a Singapore-based banking group, according to a Thursday press release.State Street Investment Management, the bank's asset management arm, purchased the debt. J.P. Morgan Securities acted as placement agent.The move comes as traditional finance heavyweights and global banks are getting increasingly involved in tokenization of financial instruments, or real-world assets (RWA), placing bonds, funds and credit on blockchain rails. The process promises operational benefits such as increased...
Crypto Exchange Gemini Secures MiCA License in Malta, Expands European Footprint
Gemini, the crypto exchange backed by the billionaire Winklevoss twins, has secured a Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA), strengthening its bid to expand across the European Union under the bloc’s new regulatory framework, the company said in a blog post Thursday.The approval marks a significant step in Gemini’s EU strategy, enabling the firm to roll out its trading products and services to customers in more than 30 European jurisdictions, the company noted.Europe's Markets in Crypto-Assets (MiCA) regulation, which came into effect this year, is the EU’s first region-wide crypto rulebook, designed to harmonize digital asset oversight across member states and provide legal clarity for firms operating in the sector.Gemini has been steadily...