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Trump congratulates bitcoiners on $100,000 milestone as industry reacts to new all-time high

The crypto industry suggested bitcoin’s price still has room to grow this cycle, commenting on it surpassing the $100,000 milestone for the first time. Analysts primarily attributed the move to expectations of a crypto-friendly regulatory environment in the U.S. under Donald Trump, targeting $200,000 by the end of 2025.

theblock.co • 05/12/2024 - 14:15 PM

Global Ethereum investment products hit $2.2 billion annual inflow record amid US ETF surge

Ethereum-based investment products registered $634 million worth of net inflows globally last week, led by the U.S. spot ETFs, according to CoinShares. As a result, Ethereum funds reached a new annual record of $2.2 billion in net inflows, surpassing the $2 billion peak in 2021. Meanwhile, XRP funds hit a weekly inflow record, while Bitcoin products witnessed outflows.

theblock.co • 02/12/2024 - 15:33 PM

Ethereum ETF staking yield likely to be approved under crypto-friendly 'Trump 2.0' SEC, Bernstein says

Analysts at Bernstein said that despite ether’s underperformance this year, its fundamentals look strong, and the risk-reward ratio is now attractive. The potential for staking yields to be approved for spot Ethereum exchange-traded funds under Trump, the recent inflection in ETF inflows, favorable demand-supply dynamics, and a surge in activity on the blockchain were outlined as factors driving a revival of interest.

theblock.co • 02/12/2024 - 11:29 AM

INVESTMENT FIRMS

Michael Saylor advises Microsoft, ‘Bitcoin’s the best asset you can own’

MicroStrategy co-founder Michael Saylor advised Microsoft executives to adopt bitcoin. Saylor said adopting bitcoin could add hundreds of dollars to Microsoft’s stock price by 2034 and generate trillions of dollars in enterprise value, assuming the company fully embraced bitcoin.

theblock.co • 02/12/2024 - 05:12 AM

Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares

Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares. The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.

theblock.co • 25/11/2024 - 11:53 AM

INVESTMENT FIRMS

Former Coatue Management exec co-founds new venture firm aiming to raise up to $500 million: report

Michael Gilroy and Gokul Rajaram co-found a VC firm, aiming to raise $500 million by 2025, focusing on early-stage U.S. fintech and software investments.

theblock.co • 23/11/2024 - 00:25 AM

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration. XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021. Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 22/11/2024 - 18:46 PM

MicroStrategy completes its $3 billion debt offering to buy more bitcoin

MicroStrategy completed a $3 billion debt offering to buy more bitcoins, raising total funds and drawing investor interest despite a lack of yield due to attractive conversion rates.

theblock.co • 21/11/2024 - 22:22 PM

INVESTMENT FIRMS

SEC delays making a decision on Franklin Crypto Index ETF dubbed EZPZ

Franklin Templeton in August filed a registration statement with the agency for the Franklin Crypto Index ETF that would hold both ether and bitcoin. The SEC decided to postpone deciding whether to approve, disapprove or “institute proceedings,” according to a filing on Wednesday.

theblock.co • 20/11/2024 - 20:53 PM

BlackRock's BUIDL token first to go live on Securitize's new platform for minting 'synthetic dollars' while still earning RWA yield

Securitize launches sToken, allowing liquidity from real-world assets while retaining yields, facilitated by collaboration with Elixir for DeFi integration through deUSD.

theblock.co • 19/11/2024 - 13:01 PM

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