Transaction URL: https://etherscan.io/tx/0xa633d1ed743b85e3d9cc7a650fe9e80eadd09fe0a9cb52a3a0f3588076adcb9f
- Crunch
- Global
Cryptocurrency markets are trading higher, with long liquidations spiking to the highest level in over a week.
CryptocurrencyPriceGains +/-Bitcoin BTC/USD$65,168.3+2.8%Ethereum ETH/USD $3,474.3+1.7%Solana SOL/USD$161.7+3.8%Dogecoin DOGE/USD$0.1259+3.5%Shiba Inu SHIB/USD$0.00001954+5.6%
Notable Statistics:
IntoTheBlock data shows large transaction volume increasing 82.2%, while transactions greater than $100,000 surged from 5,590 as of July 14 to 8,516 as of July 15. Notably, 91% of Bitcoin holders are currently in profit, with the remaining 9% at breakeven.
Coinglass data revealed 73,154 traders liquidated in the past 24 hours for $229.3 million. Long liquidations ($91.3 million)… Read more on Benzinga
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter.
Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:
We revisit the Fed’s last economic projections ahead of next week’s FOMC meeting.
There’s a new name on the Trump ticket, and many crypto fans are pleased.
Sources indicate a possible launch date for US spot ETH ETFs.
Did the Fed just secretly increase their target?
I’ll be honest. When the FOMC meeting happened last month, I was caught flat-footed.
In the days…
Read more on Blockworks
Latin America’s leading crypto exchange, Bitso, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network, promising near-instant Bitcoin transactions for its massive user base. This collaboration is set to revolutionize the experience for over 8 million retail clients and 1,700 institutional customers by offering faster, more affordable transfers. With 53% of Latin American crypto wallets holding Bitcoin, this move aligns perfectly with regional trends.
The implementation leverages Lightspark’s advanced infrastructure while maintaining security, as Bitso controls the private keys through a remote signing setup. This integration marks a significant stride in global adoption of the Lightning Network, which enhances Bitcoin transactions making them smoother and cheaper.
Daniel Vogel, Bitso’s CEO, expressed excitement about the partnership, emphasizing its alignment with Bitso’s mission to make crypto transactions more practical and economical. Lightspark CEO David Marcus also highlighted the shared vision of crafting open payment networks, signaling a breakthrough for Bitcoin usage across Latin America.
I logged back on to social media after a week offline in the countryside, only to see my timeline filled with news of an assassination attempt on Trump.
My first thought, after noting my impeccable timing, was: “Let me see how CNN frames this.”
And lo and behold: The first thing they wrote was that “Trump was rushed off stage after falling at his rally”.
You may have had a similar thought process like mine, and if you did, you’ll probably agree that the media landscape has changed.
A lot.
Influenced by the political leanings of its workforce, the rise of cancel culture, and the need to make money, this shift has majorly impacted how tech and Bitcoin (and pretty much everything…
Read more on BitcoinMagazine
On July 16, 2024, U.S. Bitcoin ETFs demonstrated remarkable growth with a net influx of 5,383 BTC across various funds, reflecting growing investor enthusiasm and market confidence. Leading the charge, BlackRock’s IBIT ETF saw an impressive increase of 1,844 BTC, boosting its total to 318,120 BTC. This substantial gain underscores BlackRock’s strong position in the crypto ETF sector.
Fidelity’s FBTC also showed robust performance with an additional 568 BTC, signaling strong and continuous interest in Bitcoin as an investment vehicle. Similarly, Grayscale’s GBTC added 366 BTC, maintaining its appeal among investors looking for crypto exposure.
Other notable contributions came from ARK Invest’s ARKB, which matched BlackRock’s gain, and Invesco’s Galaxy BTCO with a 350 BTC increase. Despite varied performance across different funds, the total holdings for these ETFs now stand at a staggering 891,331 BTC, valued at approximately $57.5 billion. This growth highlights the expanding footprint of Bitcoin ETFs in the U.S. market, as more investors turn to cryptocurrency as a significant component of their investment portfolios.
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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Fund issuers looking to offer spot ether ETFs in the US have heard from the Securities and Exchange Commission — with sources saying the dialogue points to launches next week.
The securities regulator has asked the companies to submit their final registration statements, or S-1s, for the proposed ETH funds by end of day on Wednesday, two people close to the filing told Blockworks.
These documents would address any final suggested revisions and include details left off some previous S-1s, including fees.
Read more: Does the ETH ETF ‘fee war’ even matter to investors?
Per the SEC’s request, issuers expect to then request “accelerated” effectiveness of those disclosure…
Read more on Blockworks