Xapo Bank Partners with Hilbert Group to Create $200M Bitcoin-Denominated Fund
TL;DR Hilbert Group and Xapo Bank have launched a Bitcoin-denominated hedge fund with an initial investment of over $200 million, set to begin in September 2024.
bitcoin (Latest Publications)
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain
Bitcoin Open Interest Drops, but Altcoins Like Ethereum and Solana Stand Firm
TL;DR Bitcoin’s open interest has dropped by 7.5% due to market uncertainties, with BTC trading around $62,300 after a 2.50% decline in the last 24 hours. Altcoins
STX Gains Momentum Ahead of Stacks’ Nakamoto Upgrade – What to Expect
TL;DR Stacks is preparing for the Nakamoto upgrade, which is set to begin this week and promises to revolutionize transaction efficiency on the Bitcoin layer-2 network.
Bitcoin Bid Liquidity Tanks—Will the $62.5k Dip Trigger a Sell-Off?
TL;DR Bitcoin bid liquidity has dropped to $62,500 while the price faces difficulties at the Wall Street open. BTC price has hit a low of $63,128,
Bitcoin Runes Protocol Nets $162M in Fees as NFT Activity Explodes in 4 Months
TL;DR Bitcoin Runes Protocol: Generated $162.4 million in fees from over 15.6 million transactions in just four months, highlighting its significant impact on the NFT market.
Crypto Market Rises as Fed Chair Powell Signals Potential Rate Cuts Ahead
TL;DR Market expectations of a potential rate cut by the Federal Reserve have driven up the prices of several cryptocurrencies. The price of Bitcoin (BTC) rose
Bitcoin ETFs Surge with $64.91M Inflows—But Ethereum Sees Big Losses!
TL;DR U.S. Bitcoin ETFs reported net inflows of $64.91 million on August 22, extending their positive streak to six days. BlackRock’s ETF, IBIT, led with $75.49
Bitcoin and Ethereum Face $1.5B Options Expiry Just as the Fed’s Big Move Approaches
TL;DR Bitcoin and Ethereum Options Expiry: Bitcoin and Ethereum face a combined options expiry worth $1.5 billion on August 23, 2024, with Bitcoin’s max pain point
Babylon Labs Unleashes Bitcoin Staking, Sending Transaction Fees Soaring to New Heights
TL;DR Bitcoin transaction fees skyrocketed to $132 due to the launch of native staking by Babylon Labs, compared to the previous average of $0.26. Babylon Labs
Ethereum ETF Exodus: Investors Flee as Market Confidence Dries Up
TL;DR Ethereum ETFs Face Record Outflows: Spot Ethereum ETFs in the U.S. saw their longest outflow streak since inception, with $92.2 million withdrawn from August 15
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