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News
Nasdaq Bets $100 Million on Kraken Parent for Tokenized Stocks – Bitbo
3+ day, 15+ hour ago (227+ words) Nasdaq said on Thursday that its venture arm has agreed to invest $100 million in Payward, the parent company of cryptocurrency exchange Kraken. The money extends a partnership the two firms announced in March, when Nasdaq said it would work with…...
Sberbank Forecasts $46B in Russian Crypto Trading Volume – Bitbo
1+ week, 6+ day ago (234+ words) Sberbank, Russia’s largest bank, expects the country’s crypto exchange trading volume to reach 4 trillion rubles—roughly $46.4 billion—in the first year after new legislation takes effect on September 1. Deputy chairman Anatoly Popov told state news agency TASS that volume could…...
Bitcoin ETFs Snap 9-Day Inflow Streak With $202M Exit – Bitbo
2+ week, 1+ day ago (173+ words) U.S. spot bitcoin exchange-traded funds recorded $201.8 million in net outflows on Friday, snapping a nine-session inflow streak that had pulled in more than $3 billion. The ARK 21Shares Bitcoin ETF (ARKB) accounted for the largest share of Friday’s outflows at $114.9 million. Bitwise’s BITB…...
Bitcoin Slips Below $80K as Gold Cools on Falling Yields – Bitbo
2+ week, 5+ day ago (311+ words) Bitcoin dropped below $80,000 during Tuesday’s Wall Street open after briefly touching 14-week highs of $81,265, as both crypto and gold retreated while US stocks posted modest gains. BTC/USD fell as low as $78,111 on Bitstamp, with the $80,000 zone proving difficult to…...
Fed Study: Bitcoin Beliefs Drive Buying More Than Demographics – Bitbo
3+ week, 15+ hour ago (436+ words) A new working paper from the Federal Reserve Bank of Cleveland finds that what Americans believe about bitcoin’s future returns matters far more than their demographics in determining whether they buy it. The study, titled “Do You Even Crypto, Bro?,…...
Spot Bitcoin ETFs Pull in $517M, Largest Day in 3.5 Months – Bitbo
3+ week, 4+ day ago (225+ words) U.S. spot bitcoin ETFs recorded $517.19 million in net inflows on Wednesday, the largest single-day haul since May 4, as a broader crypto rally lifted prices across the board. Eight of 12 spot bitcoin ETFs posted positive flows, led by BlackRock’s IBIT at $284.7 million....
Bitcoin Surges Past $69K After Treasury Doubles Buybacks – Bitbo
3+ week, 4+ day ago (286+ words) Bitcoin surged past $69,000 on Wednesday after the U.S. Treasury announced it would more than double the size of its long-dated debt repurchase operations, easing pressure on a bond market where yields had climbed to levels not seen since 2007. The Treasury Department…...