The substantial capital influx from institutional investors, predominantly into Bitcoin, underscores market expectations of a favorable SEC decision regarding the awaited spot BTC ETF. Notably, the divergence in flows between Bitcoin and short-Bitcoin products signals a prevailing confidence among institutions regarding potential ETF approval, rather than anticipations of a sell-off post-approval.
EdmundThe crypto funds market starts 2024 on a positive note, with significant inflows. However, the performance of individual assets varies, reflecting the dynamic nature of the cryptocurrency landscape.
BerniceThis represents a 60% rise from approximately $429 million during the corresponding period in the previous year.
DavinThe increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
CoindeskThe report comes amidst the bankruptcy of the platform following reports of criminal activity by founder Sam Bankman-Fried and the company’s top executives.
OthersReports have revealed that his lawyers have dropped him as a client.
BeincryptoExchange executives Nishad Singh and Ryan Salame were also the recipients of sizable loans.
Coindesk
CointelegraphCelsius CEO Alex Mashinsky said the oversubscribed $750 million round was a “very good testament” to the strength of the company’s borrowing and yield brand.
CointelegraphAfter launching in 2019, Binance.US has reached a pre-money valuation of $4.5 billion and rolled out services in 48 states and eight territories.
Cointelegraph