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Bitcoin’s latest rally driven by ‘huge accumulation’
Bitcoin’s (BTC) latest rally was driven by “huge accumulation” as investor appetite remains high despite five days of trading in the red over the past week, according to CryptoQuant research. […]
Investor fervor for Bitcoin ETFs cools despite $646 million weekly surge in crypto funds
Crypto-related investment products continued their upward trajectory, recording inflows of $646 million within the past week, according to CoinShares‘ weekly report. This inflow brings the total for the year to […]
Bitcoin’s growing status as ‘digital gold’ set to attract new investors
As the Federal Reserve maintains a cautious stance on interest rate cuts, Bitcoin’s emergence as a ‘digital gold’ has garnered increased investor attention, setting the stage for heightened adoption expectations, […]
Experts worry Ethena’s Bitcoin-backing strategy for USDe could bring ‘contagion risks’
CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar. On April 4, Ethena Labs revealed […]
Morgan Stanley, UBS on the verge of approving Bitcoin ETF exposure
Morgan Stanley and UBS are actively competing to become the first major banks to offer their clients access to spot Bitcoin exchange-traded funds (ETFs), according to people familiar with the […]
KuCoin’s assets and market share slide amid legal woes and user withdrawals
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are […]
Grayscale falls behind in ETF outflows first time since launch as ARKB loses $87.5 million
Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 […]
US government moves 30,175 Bitcoin confiscated from Silk Road to Coinbase
The US government transferred 30,175 Bitcoin (BTC), approximately worth $2 billion, to a wallet linked to crypto exchange Coinbase on April 2. The move occurred amid a major dip in […]
Bitcoin leads over $800 million global crypto ETP market rebound, overshadowing Ethereum outflows
Last week, the digital asset market witnessed a significant influx of over $800 million, spearheaded by Bitcoin’s dominance, according to the weekly flow report shared by CoinShares‘ head of research […]
Bitcoin falls over 4% to retest $68k support as Q2 starts
Bitcoin fell over 4.5% to a local low of $68,000 on April 1, marking a red start to the month after seven consecutive monthly closes in the green. The flash […]