Under the plan, 98% of FTX creditors will get at least 118% of their claims back — the remainder will receive all of their claims “plus billions in compensation,” says FTX.
Read more on Cointelegraph
- Crunch
- Global
The withdrawal comes a little over two weeks before the United States securities regulator will be forced to make a decision on at least one spot Ether ETF application.
Read more on Cointelegraph
According to a filing with the U.S. SEC, Susquehanna International Group invested more than $1 billion in Bitcoin ETFs in Q1 2024.
Read more on Cointelegraph
A recent survey by the Digital Currency Group and The Harris Poll highlights the burgeoning influence of cryptocurrency in shaping voter opinions for the 2024 U.S. elections. Polling over 1,200 registered voters, the survey revealed a strong inclination towards cryptocurrencies, with a significant two-thirds affirming that digital assets are more equitable than the traditional financial system.
This sentiment resonates strongly in key swing states such as Michigan, Nevada, Ohio, Montana, Pennsylvania, and Arizona, where over 90% of respondents pledged to vote in the upcoming elections. Such high intent to vote underscores the potential of crypto to become a pivotal issue in these critical battlegrounds.
Further insights from the poll showed a notable political engagement regarding digital assets, with 26% of voters considering candidates’ stances on cryptocurrency as a crucial factor in their decision-making. Despite diverse income levels and political affiliations, voters are united in their interest in crypto, although 77% in Ohio expressed reservations, adding a layer of complexity to the political landscape.
Bitcoin is no longer merely that taboo thing your techie uncle awkwardly brings up at family gatherings.
Well, maybe the asset is only that for you — but if so, you’re in the minority at this point.
Whether you believe in bitcoin or not, it has increasingly perforated traditional finance in recent years and months. Institutions can gain exposure to crypto through a regulated liquid derivatives market, and more recently via bitcoin ETFs.
While some traditional finance bigwigs still criticize the asset (at least publicly), large financial companies are waking up to the potential of BTC, as well as blockchain tech more broadly.
“Before, people had to buy coins,” said Lucas…
Read more on Blockworks
Genesis Digital Assets Limited (GDA), a major player in the Bitcoin mining industry, has unveiled plans for a new mining operating center in Argentina using flared gas.
The move marks the company’s solid entry into South America, which currently boasts a network of 20 industrial-scale data centers spread across North America, South America, Europe, and Central Asia.
As per the official press release, the new facility, located in Rincón de Los Sauces, Neuquén province, will be powered by the leading electric power generation company in Argentina, YPF Luz.
Genesis Digital Assets Mining Using Flared Gas
With a total capacity of 7 MW and 1 MW of backup, the data…
Read more on bitcoinnews
Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio.
The filing reveals the investment firms biggest positions were in Grayscales Bitcoin ETF GBTC, totaling $1,091,029,663.
The documents also revealed that SIG holds positions in ARK 21SHARES BITCOIN ETF, BITWISE BITCOIN ETF TR, BITWISE FUNDS TRUST (BITCOIN AND…
Read more on BitcoinMagazine
Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin.
Read more on Cointelegraph
Amid rising U.S. fiscal concerns, cryptocurrencies could become an increasingly attractive investment, suggests a recent Standard Chartered report. The bank anticipates that U.S. fiscal dominance and the monetization of government debt might drive investors towards digital assets like Bitcoin. Analyst Geoff Kendrick highlighted the correlation between Bitcoin’s price and the steepening of the U.S. Treasury yield curve, underscoring the potential for cryptocurrencies to serve as a hedge against de-dollarization and weakening confidence in U.S. Treasury securities.
In the event of Donald Trump winning another term, the scenario looks even more favorable for digital assets. The report predicts a supportive regulatory environment under a second Trump administration, which could facilitate the approval of U.S. spot ETFs and promote looser regulations, enhancing the appeal of Bitcoin and other cryptocurrencies.
Reaffirming its bullish outlook, Standard Chartered has set ambitious Bitcoin price targets of $150,000 by the end of this year and $200,000 by the close of 2025. This projection is bolstered by historical data showing significant shifts in U.S. government debt transactions during Trump’s previous term compared to the current administration, emphasizing the potential for further cryptocurrency market growth.
XRP price fell over 14% year-to-date pressured by Ripple’s ongoing legal battle with the SEC so a bounce is in order, analysis suggests.
Read more on Cointelegraph