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Ethereum overtakes bitcoin as ETF money returns, almost entirely from BlackRock’s fund

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However, Bitcoin funds are still struggling. US spot Bitcoin ETFs lost $424 million on July 13, then recovered $181 million the next day. Money going out and coming back within 48 hours does not indicate that an allocator is building a position. As such, the supply of ether is tighter. Of the $53.8 million received […]

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Two groups of BTC investors are selling higher as prices approach $65,000.

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Some observers remain skeptical about the sustainability of this inflation-driven rebound, arguing that the collapse in oil prices mainly contributed to the slowdown in cost of living growth in June and that the recent rebound in oil makes this data obsolete. “The 3.5% [CPI] This figure is explained by a 10% drop in gasoline prices

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Stripe and Advent launch blockbuster $53 billion bid to buy PayPal (PYPL)

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Payments giant Stripe has offered to buy PayPal (PYPL) in a deal worth $53 billion, the Financial Times reported on Wednesday. San Francisco-based Stripe made the offer at $60.50 per share in tandem with private equity firm Advent International, according to the report, which cited two people familiar with the matter. The offer represents a

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Strategy Looks ‘Very Secure’ Until Bitcoin Hits $8,000-$10,000, Says CEO

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Strategy (MSTR), the largest public holder of bitcoin BTC$64,783.61will not panic unless BTC falls into the $8,000-$10,000 range, its CEO said. Phong Le identified this range as the point where the company “should take into account some of the risk associated with our debt,” in an interview with Bloomberg TV on Tuesday. Such a drop

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Japan Moves Crypto Under Financial Rules Amid Regulatory Overhaul

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Japan has reclassified cryptocurrencies as financial instruments, a structural change that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). The legislation approved by Parliament on Wednesday amends the Financial Instruments and Foreign Exchange Act and the Payment Services Act (PSA). This moves crypto from a framework

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Base Creator Jesse Pollak Pivots After Admitting Social Strategy Failed

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Coinbase’s Jesse Pollak said he was stepping down from running the Base app after acknowledging that his bet on an on-chain social economy had failed to drive crypto adoption as he had intended. The Base creator said he spent the last two years betting that builders and native on-chain social experiences, including Farcaster, Zora, mini-apps

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Open USD poses new threat to Circle by challenging USDC’s core business model, says CoinShares

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USDC’s circulating supply has fallen to around $73 billion from nearly $80 billion in March, reducing its share of the roughly $312 billion stablecoin market as competition from newly regulated issuers intensifies. Circle shares fell more than 17% on the day of the USD Open announcement, although CoinShares said the decline was likely amplified by

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South Korea’s new economic roadmap relies heavily on blockchain technology

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South Korea plans to update its 76-year-old national asset management system to formally include virtual currencies and intellectual property in the definition of the country’s national assets, according to the Ministry of Economy and Finance’s economic policy roadmap released Wednesday. The proposal envisages revising the National Property Law, which dates back to 1950, and plans

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Cantor and Securitize collaborate on blockchain-based IPOs

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Investment giant Cantor Fitzgerald and cryptocurrency brokerage Securitize (SECZ) are revamping initial public offerings (IPOs) with tokenization and blockchain technology, the companies announced Wednesday. As part of the deal, Cantor will leverage its capital markets and trading capabilities, while Securitize will provide the tokenization infrastructure used to issue, distribute and manage tokenized securities, according to

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