Introduction The U.S. banking sector is currently experiencing significant volatility, triggered by the distress in the commercial real estate market. This turbulence has not only affected banks in the country but also has had international repercussions. One such example is the recent decline of New York Community Bancorp by 13% and Japan's Aozora Bank hitting […]
Introduction A recent survey conducted by Bitget, a leading cryptocurrency platform, has highlighted the positive sentiment in the crypto market. The survey, which gathered insights from nearly 10,000 individuals across different regions, including West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America, revealed that a majority of participants expect bitcoin prices to
Bitget Survey Reveals Optimistic Outlook for Bitcoin Prices Read More »
Over the past month, there has been a significant rise in the combined market capitalization of leading stablecoins, increasing from $131.71 billion to $136.56 billion. Tether (USDT) and USD Coin (USDC), the top two stablecoins, have witnessed notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. The Growing Stablecoin Economy During the
Stablecoin Market Cap Surges $4.85 Billion in 30 Days; USDT, USDC, FDUSD Lead the Way Read More »
GBTC's Bitcoin Holdings Decline In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin
Introduction Tether, the leading stablecoin issuer, has recently released its audit report, which highlights its significant Bitcoin holdings valued at over $2.8 billion. Conducted by BDO, a reputable auditing firm, the report provides a detailed analysis of Tether's financial position, shedding light on its success in the cryptocurrency market. Tether's Influence in the Cryptocurrency Market
Tether’s Audit Report Reveals $2.8 Billion in Bitcoin Holdings Read More »
Introduction Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, recently shared why he owns bitcoin. According to Kiyosaki, bitcoin serves as a safeguard against the theft of wealth through various means, such as inflation, taxation, and stock price manipulation, perpetrated by the Federal Reserve, the government, and Wall Street bankers. In
On January 31, 2023, the U.S. Federal Reserve announced its decision to maintain the federal funds rate at its current level. The Federal Open Market Committee (FOMC) emphasized that it will not consider reducing the target range until it has a higher level of confidence in achieving the 2% inflation target. While the stock market
Federal Reserve Keeps Rates Unchanged, Focusing on Inflation Confidence Read More »
The SEC's Decision to Abandon the Lawsuit The U.S. Securities and Exchange Commission (SEC) has made the decision to drop its lawsuit against Debt Box, a crypto startup that was previously accused of defrauding investors of millions of dollars. This move by the SEC comes after the agency admitted to providing misleading information in court,
SEC Drops Lawsuit Against Crypto Startup Debt Box Due to Inaccuracies in Court Read More »
Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In response to the intense competition in the spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have made a strategic move to lower the long-term fee of their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). The aim
Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market Read More »
Investments That Generate Alpha: Boneparth's Perspective In a recent discussion, Douglas Boneparth, president and founder of Bona Fide Wealth, shed light on the emerging spot bitcoin exchange-traded funds (ETFs) and the categorization of bitcoin as an asset class. Engaging with Eric Balchunas, Bloomberg's senior ETF analyst, on the "Bloomberg ETF IQ" show, Boneparth compared bitcoin