Will Grayscale Bitcoin ETF continue to sell after 9000 BTC transfer?
A total of 11,000 BTC sold? It appears that BTC outflows (fund outflows) are continuing from Grayscale’s Bitcoin spot ETF “GBTCâ€. According to Arkham Intelligence, a blockchain data analysis service, it was confirmed that a total of 9,000 BTC (57.4…
Bitcoin Chases The $1B Mark In One Week Fund Inflows, Arthur Hayes Sees Year-End Bitcoin Valuation ‘At Or Above An All-Time High’
The latest crypto fund inflows witnessed a significant growth level from the past week, lead by Bitcoin (CRYPTO: BTC). Experts say a correction is healthy, industry executive sees year-end valuation at or above all-time high levels. What Happened: Based on…
“USDT is not only used for crime†Tether refutes UN’s findings
Advantages of stablecoins On the 15th, Tether, which issues the US dollar stablecoin “USDTâ€, issued a statement criticizing the United Nations’ citing of USDT as an example of a crypto asset (virtual currency) used for illegal activities. did. The company…
Cathie Wood’s Ark Invest Liquidates $15.8M Worth Of ProShares Bitcoin Strategy ETF Units
On Tuesday, Cathie Wood-led Ark Invest made a significant move by selling $15.84 million worth of ProShares Bitcoin Strategy ETF (NYSE:BITO) units. This trade comes amidst a dynamic period in the cryptocurrency market, reflecting Ark Invest’s strategic adjustments in response…
US ProShares files with SEC to list 5 leveraged Bitcoin ETFs
Wave of Bitcoin ETF approvals ProShares, the asset management company that offered the first Bitcoin futures ETF in the United States, has filed an application with the SEC to list five new leveraged Bitcoin ETFs. ProShares will file ProShares Plus…
Bitcoin remains at around $43,000, Celsius sells Ethereum until the 12th
Macroeconomics and financial markets On the US New York stock market on the 16th, the Dow Jones Industrial Average closed down 231.8 points (0.62%) from the previous day, and the Nasdaq index closed down 28.4 points (0.19%). Among U.S. stocks…
IRS Hits The Pause Button On $10K Crypto Tax Rule: What’s Next?
The Internal Revenue Service will be putting a pause on its contentious $10,000 cryptocurrency tax rule. What Happened: As reported by Decrypt, the IRS and the Treasury Department jointly issued a statement on Tuesday, signaling their updated stance concerning the…
Wall Street CEO says “I have the money†on Tether reserve assets controversy | CoinDesk JAPAN
Howard Lutnick, CEO of Wall Street financial services firm Cantor Fitzgerald, said on the 16th that Tether, the stablecoin issuer behind Tether (USDT), is He assured Tether’s legitimacy by noting whether it had the funds. This has been one of…
U.S. IRS announces moratorium on businesses’ reporting requirements for virtual currency transactions
Ministry of Finance plans to formulate rules The US Internal Revenue Service (IRS) announced on the 16th that tax returns for crypto-asset (virtual currency) transactions required by the Infrastructure Investment and Jobs Act will not be required to be filed…
IMF Managing Director: “Cryptocurrency is more of an asset class than moneyâ€
Virtual currency is not money In an interview with Yahoo Finance, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), expressed the view that “we should distinguish between currency and assets†regarding crypto assets (virtual currencies). Georgieva pointed out…