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Crypto News Highlights: The total asset size of the spot Bitcoin exchange-traded funds (ETFs) stands at $30 billion. By comparison, Silver ETFs together have roughly $11 billion in assets under management (AUM). Bitcoin ETFs only lag Gold among commodity-focused ETFs in the US.
Meanwhile, for the first time in three years, the rolling 60-day correlation between Bitcoin and Ether has dropped below its 70% average, suggesting a change in the dynamics between the two biggest cryptocurrencies.
If US presidential candidate Donald Trump were to be elected, he would “never allow” the creation of a central bank digital currency (CBDC). Trump made the remarks during a campaign stop in New Hampshire. The former US president believes CBDCs would give the government “absolute control” over the public’s money.
Led by Bitcoin, which sank nearly 4%, major digital assets crashed in early morning trade on Friday. In sync with the slide, the global crypto market cap fell about 3.5% to $1.62 trillion.
Crypto News LIVE: Binance's Court Trail Against SEC Delayed Until Next Week
The significant legal dispute between Binance and the Securities and Exchange Commission in a D.C. District Court was postponed until the following week due to a significant snowfall that closed the courthouse on Friday.
The crypto exchange, which is seeking the dismissal of the SEC action, will now meet with the regulator on Monday at 10 a.m. ET, as per a judge Amy Berman Jackson’s order. Overnight, the D.C. region received two to three inches of snowfall.
Crypto News LIVE: HTX Rebounds from Cyber Attacks, Resumes Services
HTX, a well-known cryptocurrency exchange, and its decentralized autonomous organization (HTX DAO) have successfully restored their services in response to a recent Distributed Denial-of-Service (DDoS) attack. The DDoS attack that happened on Friday momentarily interrupted operations, but it was swiftly resolved, demonstrating the platforms’ resiliency and strong security measures.
Crypto News LIVE: Bitcoin Undergoes Correction Ahead of Halving
As the January 20 Wall Street opening draws near, the price of bitcoin is currently close to monthly lows, reflecting the recent volatility of the cryptocurrency. With Bitcoin’s price currently hovering around $40,965, traders and investors are uneasy due to its volatile nature. This pattern is similar to the most recent overnight decline that saw Bitcoin hit a low of $40,600, which was its lowest level since December 18.
Crypto News LIVE: Crypto will Continue to Be a Diversifier Tool, Says Steven Ehrlich
Forbes Crypto’s Director of Research – Digital Assets Steven Ehrlich in an interview said that crypto markets will continue to be corelated with stocks and other intuitional markets. He added that since Bitcoin is a conventionally new asset, investors who chose to buy it now can ride the benefits in upcoming 5-25 years and thus be a diversified tool.
Crypto News LIVE: Bloomberg Analysts Sees 70% Chance of Coinbase Winning Case against the SEC
Elliott Stein, senior litigation analyst at Bloomberg, anticipates that Coinbase’s case against the US Securities and Exchange Commission (SEC) has a 70% chance of success.
Crypto News LIVE: Apple Delays Delivery for Vision Pro to March
Preorders for Apple Inc.’s eagerly anticipated mixed-reality headset, the Vision Pro, opened today. Bloomberg claims that while the device was sold out for in-store pickup on day one at numerous locations, the delivery dates for all three variants immediately slipped to March 8–15 for online orders. The delay may indicate a high level of demand, a shortage of supply, or a combination of the two.
Crypto News LIVE: Outflows from European Bitcoin ETPs Rise
As per an analyst cited by the Block, there has been a surge in withdrawals from European bitcoin exchange-traded products subsequent to the launch of spot BTC ETFs in the United States.
This market change, according to CoinShares Research Associate Luke Nolan, illustrates a trend where institutional traders in the United States are probably shifting their investing strategy toward recently approved spot bitcoin ETFs.
Crypto News LIVE: NewEdge CIO Says the Fed Might Not be Ready to Call a Victory Over Inflation Yet
According to Cameron Dawson, CIO of NewEdge Wealth, the Fed isn’t ready to declare victory over inflation just yet. That does not imply that in 2024 they will not lower rates. She goes on to say that it just implies they don’t want to announce a massive easing cycle, which may be viewed as stimulative.
Crypto News LIVE: Grayscale Sends Bitcoin Worth $531 Million From their Wallet
Grayscale has sent out an additional $12.87K Bitcoin worth $531 million from their wallets.
Accordingly, Grayscale has deposited 47.9K Bitcoin to Coinbase Prime thus far. At current pricing, the amount is worth $1.97 billion.
Crypto News LIVE: Bloomberg Analysts Expect CCMG's Fund Inflow Will be a Key Trend to Watch
Bloomberg analyst says CCMG recently announced a $770 million daily inflow after utilizing Wes’ white label to quickly turn a SMA into an ETF. Eric Balchunas says this is one of many important trends one must watch beyond the BTC mania.
Crypto News LIVE: Bitcoin's Correlation with Ether Falls to Lowest Level Since 2021
For the first time in three years, the rolling 60-day correlation between Bitcoin and Ether has dropped below its 70% average, suggesting a change in the dynamics between the two biggest cryptocurrencies.
According to statistics from Kaiko Research, the last time the indicator fell below this threshold was in the early months of 2021, right as bitcoin was beginning to enter a phase of price discovery following its last all-time high.
Crypto News LIVE: Binance Seeks SEC Lawsuit Dismissal
The top cryptocurrency exchange in the world, Binance, recently made headlines in the digital asset market when it announced that its legal team intended to challenge an SEC fraud lawsuit. According to reports, the cryptocurrency exchange will appear in court in Washington on Friday in hopes of having the lawsuit dismissed, which would be a significant step against the financial regulator, the U.S. SEC.
Crypto News LIVE: Grayscale CEO Predicts Most Bitcoin ETFs won't Last
Michael Sonnenshein, CEO of Grayscale Investments, told CNBC that the majority of the 11 bitcoin exchange-traded funds that have been approved won’t make it. He defended the 1.5% charge on the Grayscale Bitcoin Trust ETF. Fees for the majority of the authorized ETFs range from 0.2% to 0.4%.
Crypto News LIVE: Blackrock Bitcoin ETF to Hit $1 Billion Mark
According to J.P. Morgan data, BlackRock’s spot bitcoin exchange-traded fund (ETF) became the first of a group of recently established ETFs tracking spot bitcoin prices to reach $1 billion in assets in the first four days of trading.
Crypto News LIVE: India's CoinSwitch to Provide Cash Back for Customers
India’s ANI news reported that crypto trading platform CoinSwitch will be introducing cashbacks for its customers. Users of the platform will be able to deposit digital tokens from over 100 crypto assets in their wallet and earn up to 5% of a cashback.
Crypto News LIVE: Fidelity Bitcoin ETFs Surpasses $1 Billion in Inflows
After Fidelity joined BlackRock in the $1 billion-plus inflows club yesterday, the total net flows from the first five days of trading for the new U.S. spot bitcoin ETFs currently stand at about $1.2 billion, according to statistics from BitMEX Research.
Crypto News LIVE: Samson Mow Shares Controversial Views on Bitcoin and XRP
Known for his frank opinions on the cryptocurrency field, Samson Mow has stirred significant debate by referring to Ethereum as the “stupid man’s Bitcoin.” He continued to express his uncensored opinions on the X platform.
Mow interestingly referred to the title for XRP holders as “tricky one” when a user questioned it. The bitcoin guru went on to discuss how Tether and MicroStrategy own zero Ethereum and emphasized the current competition to amass solely Bitcoin.
Crypto News LIVE: Bitcoin ETFs Net Outflows hits $134 Million, as of Jan 18
As of January 18, SoSoValue reports that the net outflow of Bitcoin spot ETFs was $134 million, with $582 million of that amount coming from GBTC. With the exception of Grayscale, other ETFs saw a $448 million net inflow. As of right now, GBTC still has $23.013 billion. The Bitcoin spot ETF has a $26.42 billion total net asset value.
Crypto News LIVE: Binance CEO Teases Launch of More Launchpool Projects
After a successful launch of 11 projects, the CEO of Binance has teased a lot more launchpool projects in 2024 than there were in 2023.
Crypto News LIVE: Cathie Wood Endorses Bitcoin Again, Says It's Backed By World's Largest Computer Network
Ark Invest CEO Cathie Wood has once again endorsed Bitcoin, saying that BTC is backed by the largest computer network in the world, with network orders of magnitude larger than that of clouds that Amazon, Google and Microsoft have built over the last two decades.
Crypto News LIVE: OKX Integrates With Goldsky To Boost Layer 2 Testnet Capabilities
Prominent crypto trading platform OKX has announced the integration of Goldsky with its Layer 2 testnet. Goldsky, known for blockchain indexing and custom data streaming, supports the creation of data-driven decentralized apps.
Crypto News LIVE: US Bitcoin ETFs Saw Outflows of Over $131 Million on Fifth Day of Trading
Traders pulled more than $131 million out of US-listed spot Bitcoin ETFs on the fifth trading day, according to data from BitMex Research. The Grayscale Bitcoin Trust (GBTC) saw net outflows of $580 million on the fifth day of trading. Nearly $2.2 billion have exited GBTC since its launch on Jan 11.
Crypto News LIVE: Hong Kong Firm Sets Sights On Regulatory Approval To Launch Spot Bitcoin ETF
Venture Smart Financial Holdings Ltd is planning to file an application with the Hong Kong securities regulator to launch a spot Bitcoin exchange-traded fund (ETF).
Crypto News LIVE: FinCEN's Recent Proposal On Virtual Currency Reporting Has Banks On Tenterhooks
A proposal by the US Financial Crimes Enforcement Network (FinCEN) on virtual currency reporting has sparked fresh concerns among financial institutions. As per the federal proposal, banks will be required to submit reports on convertible virtual currency, or CVC, and transactions involving mixing.
Crypto News LIVE: Whales Dump $26 Million Worth of XRP Amid Price Decline
XRP whales shifted over 46 million XRP tokens, valued at over $26 million, in the last 24 hours to crypto exchanges Bitso and Bitstamp. The enormous transactions coincided with the downward price action in XRP, which stood at $0.546 at press time, down 3.3% over the last 24 hours.
Crypto News LIVE: LUNR Outperforms Bitcoin and Ethereum With 63% Price Rally
The Lunar Crush social token LUNR rallied a staggering 63% in the past 24 hours, outperforming crypto heavyweights Bitcoin and Ethereum. The price surge followed an announcement by LunarCrush that it was rolling out a new feature for content creators.
$32k in volume on @ALEXLabBTC! Love to see it from the @stacks community.
Should we bring farming to the LP there? pic.twitter.com/WCaOwartD4
— Lunr Token (@LunrToken) January 18, 2024
Crypto News LIVE: Crypto Traders In China Minted $86 Million in Cash Between 2022 and 2023 Despite a Ban
While China imposed a ban on crypto trading in 2021, retail traders still managed to generate $86 million in cash from digital assets between June 2022 to July 2023, the Wall Street Journal reports.
Crypto News LIVE: Spot Bitcoin ETFs Excluding GBTC Have Bought BTC Worth 2.8 Billion Since Launch
Spot Bitcoin exchange-traded funds purchased another $10,667 Bitcoin, valued at around $440 million, on day 5 of trading, according to data provided by X account CC15Capital. This brings the total number of BTC purchased by spot Bitcoin ETF issuers, excluding Grayscale, since their launch to nearly $68,500, worth $2.8 billion.
FINAL Day 5 Update for 1/17 #Bitcoin ETF Holdings👇$GBTC finally posted their data, showing 10,824 $BTC outflow.
On a net basis, ETFs bought 10,667 #Bitcoin on Day 5.
Ready for 1/18 reports 🧮$IBIT $FBTC $ARKB $BITB $BRRR $BTCO $HODL $EZBC $BTCW $DEFI $GBTC pic.twitter.com/WFEkvStjBc
— CC15Capital 🇺🇸 (@Capital15C) January 18, 2024
Crypto News LIVE: 3 Bitcoin ETFs Among Top 10 Most-Traded ETFs Over Last Week
The US-listed spot Bitcoin exchange-traded funds (ETFs) of BlackRock, Fidelity and Bitwise made it to the top 10 most-traded ETFs over the last week. The funds cumulatively saw inflows worth nearly 2.2 billion in the last seven days.
JUST IN: #Bitcoin ETFs were 3 of the 10 most traded ETFs over the last week.
They haven't even been trading a full week 🔥 pic.twitter.com/zvKt6kcV12
— Bitcoin Magazine (@BitcoinMagazine) January 18, 2024
Crypto News LIVE: Bitcoin, Ether Futures Worth $1.4 Billion Set To Expire
A staggering $890 million worth of options tied to Bitcoin (BTC) and $520 million of options linked to Ethereum (ETH) are set to expire with a put call ratio of 1.1 and 0.55, respectively, according to GreeksLive.
Jan. 19 Options Data
22,000 BTC options are about to expire with a Put Call Ratio of 1.1, a Maxpain point of $44,000 and a notional value of $890 million.
211,000 ETH options are about to expire with a Put Call Ratio of 0.55, a Maxpain point of $2,500 and a notional value of… pic.twitter.com/dXJ4YTKM9S— Greeks.live (@GreeksLive) January 19, 2024
Crypto News LIVE: Hong Kong Securities Regulator Adds Crypto Exchanges Aramex and DIFX To 'Alert List' on Suspicion of Fraud
Hong Kong’s securities watchdog has placed digital asset trading platforms Aramex and DIFX on alert list on suspicion of fraud, South China Morning Post reported. These unlicensed platforms reportedly “adopted names similar to those of legitimate entities” to scam crypto investors. Victims alleged they were unable to withdraw cash they had deposited on the platforms.
Crypto News LIVE: Crypto Crimes Saw 29% Decline In 2023: Report
Crypto crimes were down 29% last year, with the total cryptocurrency value received by illicit addresses falling to $20.6 billion from $39.6 billion in 2022, Chainalysis said in its recent report.
Crypto News LIVE: US SEC Postpones Decision On Fidelity's Ethereum ETF Application
The US Securities and Exchange Commission (SEC) has delayed its decision on Fidelity’s application to launch spot Ether ETF. The deadline for the decision has been extended by another 45 days to March 5, 2024.
Crypto News LIVE: Crypto Casino Hyperloot Launches In-House Utility Token $HPLT After Signing Up 100K Users
Less than two years after its launch, cryptocurrency casino Hyperloot has signed up 100k users worldwide. The platform has also announced plans to launch its own utility token $HPLT.
Crypto News LIVE: Binance's MANTA Project Accused of 'Money Laundering'
Binance’s new launchpool project Manta is facing intense scrutiny from the Korean community, with some accusing it of team dumping or money laundering. According to a X post, Manta Korea BD Sumeley swapped 2 million MANTA tokens for 2,094.7 ETH within five minutes of listing, and moved it into his personal wallet.
. @MantaNetwork was suspected of money laundering through Bithumb on the day of listing
– 2M $MANTA transferred to personal wallet of MANTA’s Korean BD
– 2M $MANTA was deposited into Bithumb deposit wallet, accounting for more than 75% of Bithumb’s total circulation volume.
-… pic.twitter.com/uMWq6J6D37— Definalist (@definalist) January 18, 2024
Crypto News LIVE: A Week After Launch, BlackRock's spot Bitcoin ETF Owns $1 Billion In Assets
The asset size of BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), stood at around $1.06 billion sevens days after the launch. With this BlackRock has become the first spot Bitcoin ETF issuer to achieve this milestone.
NEW: 🇺🇸 BlackRock #Bitcoin ETF now holds 25,067 $BTC worth over $1.06 billion. pic.twitter.com/3GK3kufL9R
— Bitcoin Archive (@BTC_Archive) January 18, 2024
Crypto News LIVE: Spot Bitcoin ETF Trade Volumes Reverse Back Up
The nine US-listed exchange-traded funds tracking Bitcoin saw a 34% jump in trade volume on Day 5 after launch as compared to Day 4, according to Bloomberg senior ETF analyst Eric Balchunas.
This is interesting, the Newborn Nine actually saw a 34% jump in volume today vs yesterday. Normally with a hyped up launch you see volume steadily decrease each day post-launch, rare to see it reverse back up. All but one saw jump too but GBTC change flat so wasn't a volatility… pic.twitter.com/f6xOsLRWjr
— Eric Balchunas (@EricBalchunas) January 18, 2024
Crypto News LIVE: 'Will Never Allow' the Creation of CBDCs: Donald Trump
If US presidential candidate Donald Trump were to be elected, he would “never allow” the creation of a central bank digital currency (CBDC). Trump made the remarks during a campaign stop in New Hampshire, labeling CBDCs a “dangerous threat to freedom.”
JUST IN: 🇺🇸 Donald Trump says "As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give our federal government absolute control over your money." pic.twitter.com/lSE2AGYgOm
— Bitcoin Magazine (@BitcoinMagazine) January 18, 2024
Crypto News LIVE: Bitcoin ETFs Hit $30 Billion AUM, Surpass Silver ETFs
Spot Bitcoin exchange-traded funds (ETFs), which received regulatory approval in the US earlier this month, have already overtaken Silver ETFs in terms of assets under management. While the AUM for Bitcoin ETFs stands at $30 billion, Silver ETFs together have assets worth $11 billion.
