Bitcoin-focused investment vehicles received over $700 million in new money last week, with inflows to new spot bitcoin ETFs outweighing outflows from Grayscale's GBTC fund, according to CoinShares. The top spot bitcoin ETFs, IBTC and FBTC, saw weekly inflows of $884 million and $674 million, respectively, while GBTC experienced outflows of $927 million. Overall, inflows to new bitcoin ETFs have surpassed outflows from existing funds, reaching $7.7 billion in total. Additionally, altcoin-focused funds saw inflows of $13 million for Solana (SOL) but outflows of $6.4 million for Ethereum's ether (ETH) and $1.3 million for Avalanche's AVAX token.
BlackRock and Fidelity's spot Bitcoin ETFs, which only had 14 days of trading in January, landed in the top 10 for all ETFs by net asset flows, with BlackRock's iShares Bitcoin Trust accounting for $2.7 billion and Fidelity's Wise Origin Bitcoin Fund accounting for $2.3 billion.
Ethereum Name Service (ENS) has partnered with GoDaddy to allow users to link internet domains to their ENS addresses for free, potentially signaling a renewed interest in bridging blockchain and traditional technologies.
Mobile payments app Oobit has raised $25 million in a Series A funding round led by Tether, CMCC Global's Titan Fund, 468 Capital, and Solana co-founder Anatoly Yakovenko, offering users the ability to pay for purchases using crypto and merchants to receive fiat currency.
The estate of bankrupt crypto exchange FTX plans to sell its shares in AI startup Anthropic to maximize value for stakeholders.
The head of South Korea's financial regulator plans to meet with the SEC Chair to discuss spot Bitcoin ETFs, as South Korea remains cautious about crypto ETFs despite their approval in the United States.
Bankrupt crypto lender Genesis has filed a request to sell $1.6 billion in crypto assets, including significant holdings in Bitcoin, Ethereum, and Ethereum Classic, which could impact Bitcoin's price.
Early Ethereum investor Mike Novogratz is optimistic about the future of the crypto market, citing three factors that could drive its growth: potential regulatory clarity, expected rate cuts by the Fed, and the adoption of Bitcoin through ETFs.
Bitcoin (BTC) prices rise above $43,000 with low volatility, while Chainlink's LINK token reaches a 22-month high on the back of increasing interest in tokenization of real-world assets, but Ronin Network's RON falls 9% after Binance lists the tokens.
Former CFO of Terraform Labs, Han Chang-joon, has been extradited to South Korea from Montenegro to face criminal charges related to fraud in the collapse of the cryptocurrency enterprise.
Nayib Bukele, known for embracing Bitcoin as legal tender, has been re-elected as the President of El Salvador, with over 85% of the vote, reflecting strong domestic support for his pro-crypto policies. His next term is expected to focus on further integrating Bitcoin into the economy, including the launch of Bitcoin-backed "Volcano bonds" for renewable energy-powered BTC mining.
Over $1.3 million was earned by several crypto wallets through the purchase of Ethereum WIF tokens, causing prices to soar before plummeting more than 80% due to concerns over ownership.
The financial struggles faced by many Americans are causing them to take higher risks in altcoins, driven by a sense of financial nihilism and the belief that the American dream is increasingly out of reach.
Genesis, a bankrupt crypto lender, has filed a motion to sell over $1.6 billion worth of bitcoin, ether, and ethereum classic held in Grayscale's trust products, potentially adding selling pressure to the market.
Bitcoin miners with financially unsustainable operations are facing the risk of consolidation, potentially leading to bankruptcies and a sector-wide consolidation in the Bitcoin mining industry.
XRP price remains unchanged after weekly losses as the February 12 deadline in the SEC vs. Ripple lawsuit approaches, with legal experts suggesting Ripple could demonstrate an exemption for institutional sales.
Bitcoin is one resistance level away from rallying to $60,000, according to crypto strategist DonAlt, who believes that the $44,000 to $45,000 price area is the only supply level preventing a significant upward move.
Bitcoin is trading flat ahead of the Lunar New Year holiday, while analysts predict a prosperous year for the cryptocurrency market in the Year of the Dragon.
Two crypto analysts have suggested that Ethereum's onboarding funnel and the potential approval of a spot Ethereum ETF could lead to positive price momentum for Ethereum, with one analyst predicting a surge in price of 800% to 1,000%. Standard Chartered Bank also anticipates the approval of a spot Ethereum ETF in May.
Bitcoin advocate Nayib Bukele appears to have won the presidential election in El Salvador, with exit polls indicating a significant lead, potentially securing the future of Bitcoin adoption in the country. However, the official count is still pending.
AI tokens are expected to steal the spotlight in the coming weeks due to the World AI Cannes Festival and NVIDIA Corp's earnings, with Bittensor's TAO token and Render's RNDR token leading the pack. Additionally, there are several important crypto events scheduled, including discussions on Internet Computer (ICP) and upgrades for Polygon (MATIC) and Render (RNDR), which are likely to create high volatility in the market.
The recent indictment of a SIM-swapping ring may suggest that Sam Bankman-Fried, the convicted crypto conman, is innocent of the theft of over $400 million in cryptocurrency from FTX, as it is believed that the ring was responsible for the theft. Additionally, Apple has patched vulnerabilities in its Vision Pro headset before its release, and Qualys has discovered multiple vulnerabilities in the GNU C Library that could give root access to an unprivileged user on Linux systems. Finally, the Wisconsin teenager behind the theft of $600,000 from DraftKings has been sentenced to 18 months in prison.
The United Kingdom High Court will determine if Craig Wright, an Australian computer scientist, is the true creator of Bitcoin, Satoshi Nakamoto, in a trial that could have significant implications for the cryptocurrency industry and ongoing legal disputes.
Analysts predict that altcoin markets may experience a strong surge in the coming weeks, driven by the performance of Solana and Chainlink, which were the top performers in the Q4 altcoin hype cycle of 2023.
El Salvador's President Nayib Bukele is poised to secure another five-year term as the exit polls show him with an overwhelming lead shortly after the voting ended, as he remains popular for his crackdown on gang violence and his support for bitcoin.
Australian blockchain entrepreneur Sam Lee, who is charged with conspiracy to commit fraud in relation to a $1.89 billion "ponzi scheme," has appeared in videos promoting new investment projects shortly after charges were laid against him, raising concerns about urgent government action and the need for regulation in the online investment space.
Computer scientist Craig Wright, who has claimed to be bitcoin creator Satoshi Nakamoto, is set to have his claim tested in court in a lawsuit filed by the Crypto Open Patent Alliance (Copa) seeking a ruling that Wright does not own the Bitcoin white paper.
The native token of decentralized finance protocol Lybra Finance, LBR, experienced significant price volatility as major supporters dumped their assets, resulting in a 50% decline in value and a 70% dip in total assets locked on the protocol.
Hedge fund veteran Anthony Scaramucci predicts that Coinbase will win its legal battle with the SEC and believes a new Trump presidency would be better for short-term crypto regulation but worse in the long term.
Cardano's ADA price may see a significant increase in the future, with experts predicting a potential surge starting in April 2024, reaching around $8 by January 2025, representing a 1,797.67% increase. Despite the stagnant price performance, the Cardano network continues to grow, with numerous projects and advancements in the ecosystem. However, this information should be considered for informational purposes only and not as financial or investment advice.
The U.S. Securities and Exchange Commission (SEC) has initiated legal action against Brian Sewell and Rockwell Capital Management for defrauding investors, alleging that Sewell convinced students of his online crypto course to invest in the Rockwell Fund, which he then used to invest in Bitcoin and subsequently lost in a hacking incident.
Liquid staking protocol Lido DAO is set to reach 10 million Ethereum (ETH) staked, reflecting significant growth and interest from validators, while Ethereum's staking ecosystem experiences a surge with a high number of validators queuing to join.
"The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create," a new book by Steve Kaczynski and Scott Duke Kominers, is gaining attention for its comprehensive approach to explaining NFTs and blockchain to a wide audience, garnering support from key figures in the NFT community and serving as a resource for newcomers and experts alike.
Ethereum co-founder Vitalik Buterin announces that he no longer wants to be the face of the cryptocurrency industry, amidst a week of controversies in the crypto Twitter community.
The chief investment officer of Ikigai Asset Management believes that a unique combination of factors, including the introduction of spot BTC ETFs and the Federal Reserve cutting rates, will lead to Bitcoin and Ethereum reaching new all-time highs with relative ease.
Bitcoin is predicted to triple in price by the end of 2025 due to factors such as the upcoming halving of rewards for miners and the potential for increased real-world usage and mainstream adoption.
Crypto expert Ali Charts has identified a buy signal for Shiba Inu, indicating a potential surge to $0.000011, while analysts predict that Binance Coin may reach $350 as Binance recovers 50% market share; meanwhile, NuggetRush has sold 168 million tokens during its presale and expects to see further gains after its launch.
Magic Eden has launched a cross-chain rewards program that incentivizes the use of its NFT marketplace and multi-chain wallet, allowing users to earn "Diamonds" as rewards, although it is unclear what they can be redeemed for. The program encourages NFT traders, collectors, and creators to earn Diamonds through buying, selling, and placing collection offers on the platform.
Bitcoin analyst PlanB predicts that Bitcoin will not dip below $31,000 again based on its 200-week moving average, and expects a new all-time high in Q4 of this year before a subsequent crash.
The high court case in the UK, backed by Meta and Jack Dorsey, challenges Craig Wright's claim to be the real Satoshi Nakamoto, the creator of Bitcoin, with the Crypto Open Patent Alliance seeking a ruling that Wright is not Nakamoto to protect developers of bitcoin-related projects.
Bitcoin's dominance in the cryptocurrency market, coupled with increasing demand from both retail and institutional investors, has led Cathie Wood's Ark Invest to predict that the cryptocurrency market could be worth $20 trillion by 2030, implying significant upside potential for Bitcoin and the broader market, driven in part by the approval of spot Bitcoin exchange-traded funds (ETFs) and the involvement of major asset managers. However, the volatile and uncertain nature of the market means that Bitcoin is only a worthwhile investment for certain investors who are comfortable with risk and volatility.
Venture capitalist and crypto investor Chris Burniske predicts a downward correction for digital assets in the next market phase, citing the need for a "Goldilocks" economy for risk assets like crypto to thrive.
Best-selling finance author Robert Kiyosaki warns of an imminent stock and bond market collapse, attributing the stock market rally to the influx of dollars from the US government and emphasizing the need to hold Bitcoin as protection against wealth theft.
PYTH, a Solana-based altcoin, has experienced a 42% rally after Binance announced spot trading support for the digital asset.
B.C.'s financial regulator has accused three now-dissolved companies and their director of fraud related to the operation of a cryptocurrency trading platform, alleging that they lied to customers about the platform's capabilities and misappropriated customer funds.
A crypto-fueled version of the TV reality series "Survivor" called Crypto: The Game has players competing in online challenges and earning cryptocurrency while trying to outlast one another and claim the jackpot.
Facebook and Instagram are updating their advertising policies to allow the promotion of Bitcoin exchange-traded funds (ETFs), signaling increased acceptance of cryptocurrencies in the mainstream, particularly among older demographics unfamiliar with digital investments.
Analysts at Coinbase believe that improving market conditions and the clearing up of various negative factors could create a healthier trading environment for investors in the cryptocurrency industry, with the potential for macro factors and upcoming events such as the Federal Reserve's monetary policy and Bitcoin's halving to support the asset class.
Former cryptocurrency YouTuber, Ben Armstrong, also known as "BitBoy," has lost everything including his wealth, his Lamborghini, his business, and his wife, who filed for divorce amidst accusations of extortion, theft, sexual harassment, and workplace violence.
The price of Bitcoin rises by 3% over the week despite volatility caused by the Federal Reserve's announcement on interest rates, while Ethereum only sees a meager 2% increase; Solana emerges as a winner with a 10% gain.