Bitcoin ETFs Close the Week $6.2 Million Up After a $433M Friday
Four sessions moved about $1.5 billion in opposite directions and left $6.2 million behind. Ether funds broke a four-week inflow streak.
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Coinbase Files With the CFTC for 50-Plus Single-Stock Perpetuals
The filing covers roughly 50 to 60 contracts on stocks including Apple and Nvidia. No launch date is published and no account carries the full list.
Grayscale's Zcash ETF Sets a 3-for-1 Split for 30 September
Holders of record on 28 September get three shares for each one they hold. Assets read about $890 million three weeks after the fund listed.
Bitcoin Reclaims $80,000 and $130 Billion Returns to Crypto's Cap
Bitcoin closed back above $80,000 on Friday and ether cleared $2,550, with about $130 billion added to the total crypto market capitalization in a day. A short squeeze did much of the work, and the tallies for it do not agree.
Corporate Treasuries Bought 5,900 Bitcoin in Three Months
One company accounted for most of it. Glassnode puts the group's average entry at $80,500, about 6% above where bitcoin traded on Friday morning.
CZ Says a $1 Million Bitcoin Will Not Take 25 Years to Arrive
Binance founder Changpeng Zhao told Bitcoin Asia in Hong Kong on 27 August that bitcoin will reach $1 million and that it will not take 25 years. He put payments at scale and pension money ahead of price.
Bitwise's Hougan Says Bitcoin Could Reach 25% of Gold's Market by 2035
Bitwise's Matt Hougan says it is reasonable to expect bitcoin to reach a quarter of gold's market by 2035, the base case behind the firm's $1.3 million price target for that year. Bitcoin sits a little over 5% of gold today.
Two-Thirds of Bitcoin Sits With Individuals at 13.98 Million BTC
A conference pie chart puts 13.98 million BTC, or 66.6% of the 21 million cap, in individual hands. Treasury trackers match its fund and corporate slices almost exactly. Its government figure is the one that will not settle.
Bitcoin Barely Moves as the Fed Raises Rates 25 Basis Points
The federal funds target moved a quarter point on Wednesday, its first increase since July 2023. Three accounts of the same evening give three bitcoin prices.
Post Puts $10,000 From the Covid Crash at $205,000 in Ethereum
A trading account's post ranks six assets by what $10,000 would be worth now if it had been bought in the March 2020 Covid crash. Ethereum leads at $205,000, ahead of altcoins at $195,000 and bitcoin at $130,000. Gold sits last at $28,500.
Willy Woo's Table Puts India First With 68 Million Bitcoin Owners
An on-chain table published on 1 September puts India ahead of every other country on bitcoin ownership, with 68 million holders and 4.6% of the population. The United States is second at about 50 million. By ownership rate India sits twelfth.
Bitcoin Slides From $79,530 as the Clarity Act Misses 60 Senate Votes
Bitcoin fell from an overnight high of $79,530 to about $77,400 on Tuesday, hours before the Senate failed to advance the Digital Asset Market Clarity Act. The procedural vote needed 60. A widely shared post puts the later price far lower.