10 Jun 2024
Post-halving volatility triggers significant Bitcoin futures liquidations
Bitcoin experienced notable price fluctuations post-halving, with significant spikes in futures long liquidations. The price dropped from around $60,000 in mid-May to below $55,000 by early July, indicating high market volatility. Read more
US national debt equates to 614 million Bitcoin at current prices
An infographic from Jeff Park, head of alpha strategies at Bitwise, highlights that Bitcoin ETFs have accumulated a significant amount of Bitcoin, equating the US national debt to 614 million Bitcoin at current prices. Read more
Rome Protocol secures $9 million to bring Solana capabilities to Ethereum Layer-2
Rome Protocol has secured $9 million to integrate modular services from Solana into Ethereum’s ecosystem. Investors in the round included Hack VC, Polygon Ventures, HashKey, and others. Read more
What Still Needs to Happen Before Spot Ether ETFs Can Trade
Despite the excitement around spot Ether ETFs, several regulatory steps remain before they can launch. The SEC and ETF issuers are addressing fewer issues in each amendment, indicating progress. Read more
Ether ETF Fee Race Begins as Invesco Reveals 0.25% Charge, Slightly Higher Than VanEck
Invesco has set the fee for its Ether ETF at 0.25%, slightly higher than VanEck, as competition among ETF issuers intensifies. Read more
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year
Former FTX executives Gary Wang and Nishad Singh are scheduled to be sentenced later this year. Wang’s sentencing is set for November 30, while Singh’s is on October 30. Read more
Blockchain Startup Rome Raises $9M to Serve Ethereum Layer-2s Through Solana
Rome has raised $9 million to provide shared sequencers and data availability services for Ethereum Layer-2 networks through Solana. Read more
Bitcoin Cash’s Mt. Gox-Led Sell-Off Is Amplified by Poor Liquidity
The sell-off of Bitcoin Cash (BCH) led by Mt. Gox was exacerbated by poor liquidity, leading to increased slippage and market volatility. Read more
Drop in Bitcoin Mining Difficulty ‘Comparable to FTX Collapse,’ CryptoQuant Says
Bitcoin’s mining difficulty has dropped significantly, hitting miners’ profitability and reducing daily revenues from $78 million to $26 million. Read more
Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows
Bitcoin ETF traders have capitalized on recent price dips, resulting in nearly $300 million in inflows, the highest since early June. Read more
Australian Securities Exchange Gives Green Light to DigitalX’s Bitcoin ETF
The Australian Securities Exchange has approved DigitalX’s Bitcoin ETF, which will trade under the ticker BTXX. Read more
Bitcoin, Ether Reverse Losses as Germany Gets Back $200M BTC From Exchanges
Bitcoin and Ether reversed losses after the German Federal Criminal Police Office recovered $200 million worth of BTC from exchanges. Read more
VanEck, 21Shares Solana ETF Plan Confirmed in Cboe Filing
VanEck and 21Shares have confirmed their plan to launch a Solana-based ETF, as per a filing with the Chicago Board Options Exchange. Read more
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