On Sunday, Eric Jackson, the founder and president of Toronto-based hedge fund EMJ Capital posted a thread on X that explained his firm’s bullishness on ether (ETH). According to Jackson, the market has underestimated the impact of upcoming developments, particularly the anticipated approval of staking for ETH exchange-traded funds (ETFs) by October 2025. He argued … Read more
Digital asset funds saw $3.7 billion of inflows last week, the second-largest figure on record, according to data tracked by crypto asset manager CoinShares. The flows are surpassed only by those in the week ended Dec. 6 last year, when they topped $4 billion, the Jersey-based company said in its weekly roundup on Monday. The … Read more
Asset management firm UBS has announced that it has completed the pilot trial of a blockchain solution, that will help financial institutes streamline their service offerings around tokenised assets. The Switzerland-based firm currently has a market cap of over $104.3 billion (roughly Rs. 8.8 trillion). Diving deeper into blockchain use cases, UBS teamed up with … Read more
At the time of writing bitcoin is hovering around the $118,000 level, flirting with the idea of setting a new all-time high this weekend. On Friday, Bloomberg Senior ETF Analyst Eric Balchunas noted on X that BlackRock’s spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous day, … Read more
Tether, the blockchain firm which issues the USDT stablecoin, has forayed into a new branch of Web3 before 2024 ends. The company has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, … Read more
The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a “mega” money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in … Read more
Binance has sold off a minority stake to Abu Dhabi-based MGX for $2 billion (roughly Rs. 17,403 crore). MGX is a sovereign wealth management fund led by Sheikh Tahnoon bin Zayed Al Nahyan of the Abu Dhabi royal family. With a focus on advanced tech investments, MGX has funded a bunch of promising AI projects … Read more
Jetking, a Mumbai-based IT training firm, plans to expand its Bitcoin holdings in the coming months. Company CFO Siddharth Bharwani said Thursday Jetking would raise Rs. 6.6 crore by selling 4,28,622 equity shares in compliance with SEBI regulations. The development comes around three months after Jetking became the first publicly listed firm in India to … Read more
The U.S. Securities and Exchange Commission likely halted the launch of the Grayscale Digital Large Cap Fund (GDLC) for administrative reasons, not political ones, multiple individuals familiar with the matter told CoinDesk. The SEC approved GDLC to uplist as an exchange-traded fund (ETF) on Tuesday through staffers’ delegated authority, meaning the regulator’s commissioners did not … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data. Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it … Read more