cointelegraph

August 17, 2024, 7:57

Advisor holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase

Investment advisors are expanding their spot Bitcoin ETF holdings, but Coinbase warns that "large inflows" might not be seen immediately due to the slow summer period in the United States.

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cointelegraph

August 17, 2024, 4:58

Franklin Templeton files S-1 for new crypto index ETF

Asset manager Franklin Templeton is seeking to launch a new exchange-traded fund (ETF) designed to as a one-stop-shop crypto portfolio, according to an Aug. 16 filing.


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🗞 Catch up on the news over the last 24 hours!

🔋 IMF execs consider 85% hike in crypto mining power costs.

💸 Bitcoin open interest described as 'unusual' by CoinGlass.

📈 World's third-largest pension fund acquires $34M in MicroStrategy shares.

📉 Bitcoin's $58K price sees diminished institutional interest.

💰 Donald Trump earned $7M from NFTs, disclosure reveals.

🤔 Bitcoin's price behavior, institutional buying trends, and EigenLayer's growth discussed.

🔐 Dormant Bitcoin wallet reactivates after 10.6 years, valued at $10.17M.

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Primary Markets are broken, and CT.com is going to fix them

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cointelegraph

August 16, 2024, 16:31

🇺🇸 Former President Donald Trump has disclosed owning up to $5 million in Ethereum-based crypto assets and has earned over $7 million from his three NFT collections.

This marks a significant financial gain for Trump, who has increasingly embraced digital assets as part of his 2024 election campaign.

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cointelegraph

August 16, 2024, 14:31

💤 A long-dormant address holding 174 $BTC, now valued at $10.17 million, has just been reactivated after 10.6 years. Back in 2014, it was worth just $142,600.

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🎙️ What’s going on this Friday in the crypto world?

On Rise’n’Crypto, we dive into Bitcoin’s strange price behavior, why institutions aren’t buying the dip, and the latest on EigenLayer’s massive growth.

Don’t miss out—tune in now! 🎧

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cointelegraph

August 16, 2024, 9:53

🧐 Institutional interest in Bitcoin seems to be decreasing at its current price of $58,000, as stablecoin inflows have dropped significantly over the past week.

Analyst Markus Thielen notes that while Tether remains active, USD Coin's (USDC) activity has notably quieted, indicating that institutions might be waiting for further price declines before re-entering the market.

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cointelegraph

August 16, 2024, 8:37

💰 South Korea's National Pension Service, the world's third-largest public pension fund, has purchased $34 million worth of MicroStrategy shares, further increasing its exposure to Bitcoin.

The fund now holds significant stakes in other crypto-related companies, including Coinbase, Roblox, and Block.

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cointelegraph

August 16, 2024, 5:32

Bitcoin has room to fall amid ‘unusual’ open interest: CoinGlass

Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price.

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