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.
Crypto Market (Latest Publications)
Aave Explores BUIDL Integration to Maintain GHO Stablecoin Stability
TL;DR Aave Labs proposes integrating BlackRock’s tokenized fund, BUIDL, with its GHO Stability Module (GSM) to enhance the stability and efficiency of its native stablecoin, GHO. Benefits
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
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,
Crypto Sees Largest Weekly Inflow in 5 Weeks—Bitcoin and ETH ETFs in the Spotlight
TL;DR Digital investment product revenues hit $533 million, highest amount in five weeks Bitcoin stands out with inflows of $543 million, while Ethereum faces outflows of
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
Another ‘DeFi Summer’ Is On The Horizon: Steno Research Predicts All-Time Highs for Crypto in 2024
TL;DR Steno Research predicts a resurgence in decentralized finance (DeFi) in 2024, potentially reaching all-time highs. Key drivers include anticipated lower interest rates, the rise of
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
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