Last week, BlackRock’s IBIT surpassed the AUM of Grayscale’s converted GBTC fund, now accounting for over $21 billion.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
ETF issuers and custodians in Hong Kong are exploring the possibility of staking rewards, industry insiders told The Block.
Roaring Kitty-themed memecoins have posted triple-digit gains after the video game chain’s stock surged over the past 24 hours.
The NYAG sued firms and promoters over alleged $1 billion crypto schemes. Meanwhile, the DOJ charged NFT creators with a $2 million alleged rugpull.
The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations.
A new market on betting application Polymarket has seen over $120,000 placed on Keith Gill making 10 figures on his GameStop equity and options holdings.
With the additional purchase of 247 bitcoins, Semler’s portfolio of 828 BTC is worth nearly $59 million at its current market value.
Base, a Layer 2 network incubated at Coinbase, has grown its total value locked to $1.7 billion, marking a 20% increase since May’s start.
The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks.
