Coinbase Global Inc., the largest publicly traded crypto exchange in the U.S., has resumed offering its services to residents of Hawaii after a seven-year absence. This comeback is made possible by recent regulatory updates from the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions, paving the way for crypto firms to operate in the state.

Hawaii residents can now access a broad range of digital assets and services through Coinbase’s platform, including buying, selling, and managing crypto, as well as taking advantage of features like recurring buys and international asset transfers. Coinbase’s return also brings staking services, allowing users to earn up to 12% APY on select assets.

Faryar Shirzad, Coinbase’s Chief Policy Officer, emphasized that this expansion reflects Coinbase’s dedication to compliance and offering secure, user-friendly crypto services. The launch in Hawaii marks a significant step in the company’s mission to enhance economic freedom on a global scale.

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On August 13, 2024, the daily net flow of Bitcoin across U.S. ETFs showed a mix of inflows and outflows among the major funds. BlackRock’s IBIT ETF experienced a net inflow of +228 BTC, increasing its holdings to 347,995 BTC, indicating continued investor interest. In contrast, Grayscale’s GBTC saw a substantial net outflow of -1,297 BTC, reducing its holdings to 232,542 BTC.

Other notable movements include ARK Invest’s ARKB, which gained +600 BTC, and Grayscale’s BTC fund, which also saw a positive adjustment of +257 BTC. Invesco Galaxy’s BTCO also reported a significant inflow of +173 BTC.

Bitwise’s BITB experienced a net outflow of -289 BTC, reflecting some withdrawals. Other funds like Fidelity’s FBTC, VanEck’s HODL, and Valkyrie’s BRRR reported no change in their holdings.

Overall, the total Bitcoin holdings across all listed U.S. ETFs stood at 906,759 BTC, with a net daily outflow of -328 BTC, equating to a value decrease of approximately $19.8 million. This data highlights the continuing fluctuations in investor sentiment and trading activities within the U.S. Bitcoin ETF market.

Disclaimer: Market capitalizations and data 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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According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more. 

This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as U.S. spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a major corporate Bitcoin holder, owns 226,500 BTC. Additionally, MicroStrategy plans to raise $2 billion to buy more Bitcoin, further emphasizing the trend of institutions buying and holding…

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Custodial Lightning has clearly achieved product market fit. Users benefit from instant Bitcoin payments and minimal fees, while custodians manage the complexities of channel and liquidity management. Major platforms like Coinbase, Cash App, Kraken, and Binance provide over 200 million users with direct access to Lightning payments. While the Lightning Network excels at facilitating payments between custodial wallets, doing so for mobile, self-custodial users is more challenging, particularly during periods of high transaction fees. As Roy Sheinfeld, CEO of Breez, wrote earlier this summer, this challenge is analogous to the “last-mile problem” observed in various transportation…

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Fred Thiel, CEO of Marathon Digital Holdings, announced that the company’s $250 million convertible offering aimed at acquiring Bitcoin has been oversubscribed. The announcement came via a tweet referencing an update from the company’s official Twitter handle, MarathonDH. This strategic move underscores the company’s ongoing commitment to Bitcoin and highlights its confidence in the digital asset’s long-term value.

The funds from this oversubscribed offering are slated for use primarily in purchasing Bitcoin, along with addressing general corporate needs. This aggressive investment into Bitcoin by Marathon Digital Holdings reflects a broader market trend where companies are increasingly turning to cryptocurrencies as a viable asset class. This strategy not only diversifies their investment portfolio but also aligns them with the burgeoning digital economy.

Investors and market analysts are keenly watching this move, as it represents a significant endorsement of Bitcoin’s potential from a major player in the digital mining sector. The full details of this offering can be accessed through Marathon’s investor relations page, promising more insights into how the funds will specifically be deployed in the crypto space.

DBS, Singapore’s largest bank, has launched a Treasury Token pilot in collaboration with Ant International, the parent company of Alipay+. This innovative treasury and liquidity management solution, built on DBS’s permissioned blockchain, offers a multi-currency tokenized deposit system for seamless payments between bank branches.

The pilot aims to enhance Ant’s global treasury management by enabling 24/7 cross-border payments and integrating DBS’s blockchain with Ant’s Whale platform. This platform, leveraging blockchain and AI, provides global treasury management solutions, further optimizing the return on idle cash and offering programmable payments through smart contracts.

With large corporations needing precise control over their global financial operations, solutions like DBS’s Treasury Token and Ant’s Whale platform are set to revolutionize cross-border payments. By reducing costs and transaction risks, this partnership signals a new era in global banking and treasury management.