Grayscale Outlines 39 New Crypto Assets under Consideration for Adoption

January 10, 20250Comments

Grayscale Outlines 39 New Crypto Assets under Consideration for Adoption

Grayscale Investment outlined 39 crypto assets classified as Assets under Consideration it plans to include in its future investment products. The investment firm also updated its existing family of products alongside outlining the new 39 crypto assets it is considering for inclusion. Both selections were made based on Grayscale’s Crypto Sectors framework. The Framework was…

January 10, 20250Comments

Standard Chartered Bank Establish a New Entity in Luxembourg to Provide Crypto Custody Services

Standard Chartered Bank announced the approval of the Licence and the ability to open a new entity in Luxembourg, to act as its European Union (EU) regulatory entry point for the provision of crypto and digital asset custody services to EU clients. The approval follows the implementation of the Markets in Crypto Assets Regulations (MiCA)…

January 10, 20250Comments

Scammers steal $2.2 million from New York Residents using Fake Remote Jobs

Bad actors in the crypto space defrauded New York residents of $2.2 million using text messages promoting fake remote jobs alerts. The development was made public by a Jan 9 press release by the Office of the New York State Attorney General. New York Attorney General Letitia James filed a lawsuit to recover the looted…

Outgoing SEC Chief Gary Gensler says the Crypto industry is rife with bad actors

Outgoing Securities and Exchange Commission Chief Gary Gensler doubled down on his anti-crypto stance stating that the crypto industry is rife with bad actors and runs mostly on sentiments. Gensler made these remarks in an interview with Bloomberg where he was quizzed on his time at the SEC with his tenure coming to an end…

Crypto Industry Lobby Trump to Issue an Executive Order for a Bitcoin Reserve Within First 100 days

Key stakeholders in the crypto industry are currently lobbying President-Elect Donald Trump to issue an executive order establishing a strategic Bitcoin reserve within his first 100 days in office. The stakeholders intensified their lobbying efforts following Donald Trump’s Pro crypto campaign and public comments on the possibility of a Bitcoin reserve in various interviews. According…

Ethereum News

Ethereum ETFs lose $159 million Recording no Inflows

The nine Ethereum ETFs lost $159.4 million recording no inflow for the day. The ethereum ETFs have recorded no inflow for the second time in a row starting an unlikely pattern. Besides recording no inflows, a huge percentage of the Ethereum ETF funds have been recording no transactions. Yesterday, Only Three out of the nine…

Bitcoin News

Bloodbath as Bitcoin ETFs lose $568 million in an all outflows day

The 11 spot Bitcoin ETFs lost a staggering $568 million recording no inflows for the day. This follows three days of successful inflows for the Bitcoin ETFs despite recording heavy outflows too. This year has been a year of extremes for Bitcoin and Ethereum ETFs. On Jan 6, the Bitcoin ETFs pulled in $978 million…

Ethereum

Ethereum ETFs lose $86.8 million recording no inflows

Ethereum ETFs lose $86.8 million recording no inflows The nine Ethereum ETFs recorded an $86.8 million outflow for the day pulling in no funds. It has been a rollercoaster for the Ethereum ETFs ranging between both extremes. Ethereum ETFs recorded all inflows and no outflows a day before yesterday. The opposite was the case yesterday with…

January 8, 20250Comments

Bitcoin

Heavy outflows drain Bitcoin ETFs despite IBIT’s $596 million inflow

The 11 Bitcoin ETFs recorded heavy outflows from various funds draining major inflows into funds like Blackrock’s IBIT. The Outflows put an end to a two-day streak of inflows into the Bitcoin ETFs totaling nearly $2 billion. The outflows resurfaced after two days of only inflows in both Bitcoin and Ethereum ETFs. Five out of…

January 8, 20250Comments

Frustrated XRP Investors take $1.6 Billion in Profits as Price Stagnates

XRP Investors cashed in $1.6 billion in profit-taking as frustration over the crypto assets price stagnation grows. XRP which flipped Tether USDT late last year has spent six weeks on a price lag forcing investors to take profit. In 24 hours, nearly 695 million XRP tokens were sold signaling frustration amongst XRP holders. Price stagnation…

January 8, 20250Comments