Leading cryptocurrency exchange Binance reduces Terra Classic’s circulating supply through token burn event Binance has burned 2.65 billion Terra Classic ($LUNC) tokens in its 11th token burn event, resulting in a small price uptick. This brings the cumulative amount of tokens burned by…
CoinShares Reports Increase in Investor Bullishness Key Points: – Total inflow of $125 million in the past week, with $334 million in the last fortnight. – Bitcoin remains the primary choice for investors, with a $123 million inflow over the past week. –…
Freely Floating Naira According to analysts at Bank of America, the Nigerian currency, the naira, is currently undervalued and is expected to end the year trading at around NGN680 per US dollar. The naira’s value has been fluctuating since the Central Bank of…
Bitcoin Depot to Start Trading on Nasdaq Bitcoin Depot, a US-based Bitcoin ATM provider, has announced that it will begin trading on Nasdaq on July 3. This comes after the company partnered with fintech firm GSR II Meteora Acquisition Corp in a deal…
Nasdaq Amends Blackrock Spot Bitcoin ETF Application Alongside Industry Competitors Last week, the Securities and Exchange Commission (SEC) expressed dissatisfaction with the spot bitcoin ETF filings submitted in the past two weeks. Key Points: Cboe, the leading U.S. options exchange, intends to revise…
NASDAQ Resubmits Application for BlackRock’s Bitcoin ETF Nasdaq has resubmitted its application to the U.S. Securities and Exchange Commission (SEC) seeking approval for BlackRock’s bitcoin exchange-traded fund (ETF). This comes after the SEC expressed concerns about the initial submission. The updated filing includes…
Three Arrows Capital Co-founder Kyle Davies Plans to Give Back to Creditors During a Twitter Spaces event, Kyle Davies, the co-founder of Three Arrows Capital, announced his intention to give back to the firm’s creditors. He stated that he would use the new…
Swiss Investment Bank and Swiss Football Association Collaborate on NFT Collection Swiss investment bank Credit Suisse is partnering with the Swiss Football Association (SFA) to release a non-fungible token (NFT) collection that supports women’s football in Switzerland. The collection features digital portraits of…
Weekly Inflows into Crypto Assets See Strong Growth CoinShares has reported that there were strong inflows into crypto asset management products for the second consecutive week, with $125 million entering the industry last week. This brings the total inflows to $334 million over…