Around $1.3 billion has shifted from GBTC to new spot bitcoin ETFs, equivalent to a monthly outflow of about $3 billion per month, the bank said in a report.
Staking for Pyth network’s token has exceeded 110,000 wallets, showing a significant increase in recent weeks.
Bitcoin futures open interest on CME has declined by more than $1 billion since its peak on January 10, according to an analyst.
Swan Bitcoin, a BTC-focused investment platform, launched a mining arm last summer, which has already mined over 750 BTC.
The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023.
The downward pressure on bitcoin’s price has been curtailed as profit-taking on GBTC has largely concluded, according to JPMorgan.
Go to Source Author: Jamie Crawley
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