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JPMorgan: New ETF products — and investors cashing out — are behind the collapse of the GBTC premium

JPMorgan: New ETF products — and investors cashing out — are behind the collapse of the GBTC premium

Analysts from JPMorgan say the debut of two Canadian bitcoin ETFs might be one of the reasons behind the collapse of the GBTC premium.

The post JPMorgan: New ETF products — and investors cashing out — are behind the collapse of the GBTC premium appeared first on The Block.

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Trading executives report less bitcoin selling during Asia session

“I can confidently say that we are seeing less selling,” commented B2C2’s Phillip Gillespie.

The post Trading executives report less bitcoin selling during Asia session appeared first on The Block.

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Bitcoin could become the “currency of choice for international trade”, says Citi

US banking giant Citi has authored a new report which suggests that bitcoin could become “an international trade currency” as it evolves.

The post Bitcoin could become the “currency of choice for international trade”, says Citi appeared first on The Block.

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China’s Inner Mongolia seeks to shut crypto mining farms in new proposal

The Inner Mongolian government is seeking for public feedback on a proposal, which includes plans to shut down local crypto mining farms.

The post China’s Inner Mongolia seeks to shut crypto mining farms in new proposal appeared first on The Block.

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On-chain stablecoin volume surpasses $360 billion for February

Tether held most of February’s record stablecoin volume, with USDC and DAI coming next.

The post On-chain stablecoin volume surpasses $360 billion for February appeared first on The Block.

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DeFi building block service Furucombo exploited for $14M

Furucombo, a drag and drop tool for users to create DeFi transactions, has been exploited. The exploiter has stolen roughly $14M in ETH and ERC-20 tokens. According to The Block Research’s Igor Igamberdiev, the exploiter used a fake contract to trick Furuсombo into thinking that Aave v2 had a new implementation and used this contract […]

The post DeFi building block service Furucombo exploited for $14M appeared first on The Block.

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Monthly crypto exchange volumes broke $1 trillion for the first time in February

Crypto exchange data collected by The Block Research shows a monthly volume figure above $1 trillion for February, a new record.

The post Monthly crypto exchange volumes broke $1 trillion for the first time in February appeared first on The Block.

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Bloomberg’s ETF whisperer says the SEC could approve a BTC ETF

The Block’s Frank Chaparro talks to Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence.

The post Bloomberg’s ETF whisperer says the SEC could approve a BTC ETF appeared first on The Block.

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Kraken offers refunds to crypto exchange traders hit by ETH price fall

Crypto giant Kraken has been offering refunds to traders hit with heavy losses as a result of a sharp dip in the price of Ether (ETH) on the exchange earlier this week.

The post Kraken offers refunds to crypto exchange traders hit by ETH price fall appeared first on The Block.

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Activity in the bond market may be slowing the bitcoin rally

Quick Take

  • Bitcoin is under selling pressure despite the news of Coinbase’s S-1. 
  • Could recent activity in the bond market finally slow the coin’s rally?

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