In an unexpected turn of events, Elizabeth Warren, the long-time adversary of Bitcoin on Capitol Hill, has seen the orange-tinted light and quite literally raised a flag to praise the work of Bitcoin’s anonymous creator, Satoshi Nakamoto, celebrating 15 years since the network launched.

In participation of the Capitol Flag Program, Senator Warren’s office submitted a request to commemorate Nakamoto’s accomplishment of creating the first “truly inclusive financial system,” with the colors of the United States being flown above the Capitol on December 18, 2023 –…

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In a groundbreaking achievement, BlackRock, the world’s largest asset management firm, has reported that its spot Bitcoin Exchange-Traded Fund (ETF), the iShares Bitcoin Trust (IBIT), has successfully amassed over 100,000 BTC. This solidifies BlackRock Bitcoin ETF’s position as the first spot ETF to reach this historic milestone.

According to the data by BlackRock, IBIT has raked in 105,280 BTC, setting its holdings apart from the other asset management firms with similar offerings. On the other hand, other firms, including Fidelity, Bitwise, ARK 21Shares, and Franklin Templeton, are also performing well.

BlackRock Bitcoin ETF Makes History, Again

On the 22nd day of trading, the iShares…

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Fidelity, a leading digital asset management firm, has announced the reduction of fees on its Bitcoin Exchange-Traded Product (ETP) in Europe, aiming to attract the interest of institutional and retail investors.

According to the information provided by Senior Bloomberg ETF Analyst Eric Balchunas on February 14, Fidelity Bitcoin ETF joined the broader trend in the ETF space, reducing fees on its products tied to digital assets.

Fidelity cut the fee on its spot bitcoin ETF in Europe from 75bps to 35bps (a serious fee cut by any standards, shows Fidelity playing long game, morphing into Terrordome warrior) as the US fee war spreads around world h/t @psarofagis https://t.co/SHAsefyNwj

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Recent data reveals a striking trend in Bitcoin investment, with the introduction of ten spot Bitcoin ETFs in the U.S. on January 11 playing a pivotal role. CryptoQuant’s latest analysis shows that these ETFs account for a whopping 75% of new inflows into Bitcoin, excluding Grayscale’s Bitcoin Trust. This surge in ETF-driven investment has contributed to an impressive 2% increase in Bitcoin’s total historical investment within just a month, according to the realized market capitalization data.

Bitcoin’s price witnessed a significant rise, hitting $52,354 after a 1.8% increase and achieving a two-year high of $51,000 on February 14, which boosted its market capitalization to over $1 trillion for the first time since November 2021. The total cryptocurrency market cap also saw a rise, reaching $1.96 trillion. Insights from CryptoQuant attribute the price increase to the high demand for spot Bitcoin ETFs, particularly highlighting the substantial inflows into BlackRock’s iShares Bitcoin ETF. With the momentum gained, projections from CryptoQuant suggest Bitcoin could soon reach a new milestone of $56,000, underscoring the optimistic outlook for Bitcoin’s market trajectory without immediate risks of a significant downturn.

CryptoQuant

Genesis Global Holdco LLC, a prominent player in the digital asset lending sector, has received court approval to sell off its holdings in Grayscale’s GBTC shares, marking a significant development in its ongoing bankruptcy proceedings. This move comes amidst a flurry of legal battles and financial challenges the company has faced in recent months.

Genesis Global Cleared to Sell GBTC Shares

In a recent court ruling, Genesis has been given the green light to offload approximately 35.9 million shares of the Grayscale Bitcoin Trust (GBTC), valued at over $1.65 billion. This decision, delivered by Judge Sean Lane, allows Genesis to convert these shares into bitcoin or cash, providing a…

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The Beacon Chain, Ethereum’s proof-of-stake network, has hit a milestone with over 30 million ETH staked, worth $85 billion, locking up nearly 25% of the total circulating supply. This surge in staked ETH is seen as a bullish indicator for the Ethereum network, enhancing its security and efficiency. With nearly 944,000 active validators participating, Ethereum 2.0 staking contracts saw an additional 600,000 ETH deposited in February alone. This coincided with Ethereum’s price climbing to new yearly highs above $2,800, currently trading at $2,774. The integration of proof-of-stake through the Beacon Chain has incentivized validators with an annualized rewards rate of 4%. Despite initial skepticism, validators have overwhelmingly chosen to restake their ETH for passive income, indicating confidence in the network’s future. With Ethereum’s price on the rise and attention shifting to potential spot ETH ETFs, institutional demand is expected to grow, further impacting market dynamics.

Beacon Chain

$1M – $10M MarketCap:

1. GameGPT (DUEL): 27%
2. Polkacity (POLC): 12%
3. Script Network (SCPT): 12%
4. Serenity Shield (SERSH): 12%
5. Realio Network (RIO): 10%

$10M – $100M MarketCap:

1. AIT Protocol (AIT): 62%
2. Grok ($GROK): 53%
3. Picasso (PICA): 38%
4. SatoshiVM (SAVM): 35%
5. Troll (TROLL): 35%

$100M – $1B MarketCap:

1. Nervos Network (CKB): 65%
2. RSK Infrastructure Framework (RIF): 45%
3. Myro ($MYRO): 43%
4. VeThor (VTHO): 36%
5. API3 (API3): 34%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Adam Back, CEO of Blockstream and a key player in the cryptocurrency arena, has suggested that Bitcoin could soar to an astonishing $700,000. This bold forecast hinges on Bitcoin’s ability to rival the $13.5 trillion market cap of gold. Back’s analysis stems from the noticeable shift of investments from gold to Bitcoin, hinting at a future where these two assets could equalize in value. The shift not only underscores Bitcoin’s growing appeal but also indicates a potential decline in gold investments. As Bitcoin ETFs continue to outshine their gold counterparts, attracting more investors, the digital currency’s climb towards this monumental valuation seems increasingly plausible. This prediction highlights a pivotal moment for Bitcoin, suggesting a future where it could not only match but possibly surpass the value of gold, marking a significant milestone in the financial world.

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If you want to remove custodial risk from your bitcoin holdings, you must take self-custody. Bitcoin custody is determined by whoever has the keys to control the bitcoin—if you aren’t holding the keys to your bitcoin, then someone else is. As the saying goes, not your keys, not your coins.Once someone decides that they want to hold their bitcoin in self-custody, the next question becomes how to do it. Most people discover early on that hardware wallets are the most secure way to use bitcoin keys. However, the options don’t end with selecting a hardware wallet; you can also choose between singlesig, multisig, and a few other technologies that determine what is required to spend your…

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