26 Sep 2024

Bitcoin holders in profit soar to 84% as Bitcoin solidifies position above $63k
Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit have risen to approximately 84%, coinciding with the digital asset’s price reaching around $63,800. This marks a recovery from earlier in the summer when UTXOs in profit dipped to about 65% during price corrections below $55,000. Read more
BlackRock’s Bitcoin ETF dominates with $184.4 million inflow amid positive Ethereum ETF movements
On Sept. 25, Bitcoin ETFs recorded net inflows of $105.9 million, driven primarily by a significant $184.4 million inflow into BlackRock’s IBIT ETF. However, this was partially offset by notable outflows from Fidelity’s FBTC and Ark’s ARKB ETFs, which saw withdrawals of $33.2 million and $47.4 million, respectively. Read more
Solving post-TGE fundraising challenges: How Vellos is transforming token markets
The journey for blockchain protocols doesn’t end after their Token Generation Event (TGE); in many ways, it’s just the beginning. While pre-TGE projects often bask in the glow of investor hype and support, post-TGE protocols frequently face significant hurdles when attempting to raise additional funds by selling discounted tokens from their treasury. Read more
U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO
The U.S. crypto market will "bifurcate from the rest of the world" said Stephan Lutz, CEO of crypto exchange BitMex, in an interview with CoinDesk. Read more
Key Indicators Challenge Fed's 'Normalization' Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls. Read more
Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection
Data from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid global monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries. Read more
PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto
The service won't be available to New York state in the beginning. Read more
The Next Wave of AI Is Mobile
AI is moving beyond tech giants as everyday smartphones take on complex computing tasks, says Mitch Liu, CEO of Theta Labs. Read more
The Protocol: When Trump Bought Red-Meat Bitcoin Burgers, He Called It 'Crypto'
Republican U.S. presidential candidate Donald Trump won chits from the Bitcoin community for reportedly purchasing smash burgers at a Bitcoin-friendly New York pub. But in a way, the whole episode was about damage control. Read more
Ethereum's Changing Landscape
For investors, ETH’s future depends on how Ethereum balances innovation with maintaining healthy economic policy, says Matthew Kimmel, digital asset analyst, CoinShares. Read more
The Fed Pivot is Finally Here
Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which could have strong implications for the crypto community, says Andre Dragosh, head of research Europe, CoinShares. Read more
Visa to Help Banks Issue Fiat-Backed Tokens on Ethereum Via New Tokenized Asset Platform
Visa Tokenized Asset Platform (VTAP) will enable the development of fiat-backed tokens powered by smart contracts. Read more
CoinDesk 20 Performance Update: LINK Surges by 7.1% as Index Rises
With 19 out of 20 assets in the green, the index posted a 1.4% gain. Read more
Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin
Smaller bitcoin investors and reduced liquidity signal potential for continued price growth Read more
WazirX Hacker Is Almost Done Laundering $230M Stolen Funds
On-chain data shows the hacker, or group of hackers, behind the massive theft is now close to completing the laundering of the stolen funds. Read more
First Mover Americas: Bitcoin Retreats Following Ascent to $64K
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more
Taurus, Aktionariat partner to enable trading of tokenized shares
Taurus and Aktionariat’s collaboration will allow Swiss SMEs to tokenize shares, offering new trading possibilities for investors on the TDX platform. Read more
3 reasons why Bitcoin struggles to hold $64.5K
Bitcoin has lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impact investor sentiment. Read more
SHIB, PEPE Post Major Daily Gains, BTC Price Recovers From Sub-$63K Dip (Market Watch)
Shiba Inu's larget native token has soared by 13% in the past 24 hours. Read more
Bullish Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 26
XRP was forecasted to reach a new ATH soon, while Shibarium hit a new milestone. Read more
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb
Bitcoin holdings in the United States are increasing, primarily driven by demand for BTC exchange-traded funds. Read more
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