BITPRISMIA
Upcoming US interest rate cuts threaten the profits of stablecoin issuers Tether and Circle, with Circle potentially losing up to $618 million in annual revenue, prompting them to explore new business models like their new blockchain, Arc.
BlackRock invested over $1 billion in Bitcoin and Ethereum ETFs during a market dip, signaling strong institutional interest and confidence in crypto assets despite recent inflation-driven sell-offs.
Deribit, in collaboration with Coinbase, is launching USDC-settled linear options for Bitcoin and Ether on August 19, aiming to enhance accessibility and liquidity in the crypto derivatives market.
Ether ETFs saw $640 million in inflows for the eighth consecutive day, while Bitcoin ETFs recorded $231 million in gains despite outflows from major funds, with record-breaking trading volumes highlighting strong market momentum.
Retail investors are increasingly shifting their focus from Bitcoin to altcoins and Ethereum, indicating a maturing crypto market with diversified opportunities.
Crypto hackers have capitalized on Ethereum's price surge to liquidate stolen funds, profiting tens of millions by strategically selling ETH holdings.
A significant transfer of 44,431 ETH (worth approximately $205 million) from an unknown wallet to Coinbase Institutional highlights potential institutional activity and its implications for the Ethereum market.
Tron (TRX) is predicted to rebound by 70% as market conditions indicate potential for further uptrends, with analysts citing historical patterns and futures market signals.
SharpLink Gaming, a Nasdaq-listed gaming company, holds a significant amount of Ethereum (ETH) and earns staking rewards, showcasing institutional adoption of crypto assets.
BlackRock’s iShares Bitcoin Trust (IBIT) has reached a record $91.06 billion in assets under management (AUM), solidifying its dominance in the U.S. spot Bitcoin ETF market despite Bitcoin's recent price pullback.