Millennium Management, Izzy Englander's fund, holds nearly $2 billion in spot Bitcoin ETF shares, 3% of their $64b fund; Paul Singer’s Elliott also among Bitcoin ETF holders— link | tl;dr |@EricBalchunas
Читать полностью…Bitcoin’s 90-day correlation with US equities rose to 0.17 last week, after reaching a multi-year low of just 0.01 in March.
Overall, Bitcoin’s correlation with risk assets remains well below its bull market highs of over 0.6 — link
Tornado Cash developer Alexey Pertsev found guilty of money laundering — link | tl;dr
Читать полностью…Digital asset investment products saw inflows for the first time in five weeks totalling $130m.
Regionally, the US saw the majority of inflows totalling $135m, with incumbent Grayscale seeing the lowest weekly outflows since January — link
DOJ taps FRA over Sullivan & Cromwell for Binance's 3-year monitorship — link | tl;dr
Читать полностью…This channel is sponsored by:
📼 Bitfinex - Deepest bitcoin liquidity bitfinex.unfolded.io
___
Referrals:
Bybit - Trade with leverage, no overloads, no downtime bybit.com/a/unfolded
Deribit - Largest & most liquid options exchange deribit.unfolded.io
Grayscale parent Digital Currency Group reports $229M revenue for Q1 — link | tl;dr
Читать полностью…House votes to erase SEC crypto policy while President Biden vows veto — link | tl;dr
Читать полностью…SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal — link | tl;dr
Читать полностью…98% of FTX creditors will receive at least 118% of their approved claims in cash within 60 days after the effective date.
Other creditors to receive 100% of allowed claims plus billions in compensation for time value of their investments — link
Revolut launches standalone crypto trading platform for UK retail customers — link | tl;dr
Читать полностью…Grayscale (GBTC) Daily BTC Flows: +63.1m, first inflow since ETF conversion — link
Читать полностью…Vanguard said set to name Bitcoin-friendly ex-BlackRock exec as CEO: WSJ — link | tl;dr
Читать полностью…State of Wisconsin Investment Board bought $99m of iShares Bitcoin ETF — sec | coindesk
Читать полностью…CFTC issues order against crypto prime brokerage firm "Falcon Labs" for illegally providing U.S. customers access to digital asset derivatives trading platforms — cftc | theblock
Читать полностью…Coinbase can't force the SEC to write new rules, appeals court rules — link | tl;dr
Читать полностью…Binance, KuCoin win registration with India's Financial Intelligence Unit — link | tl;dr
Читать полностью…Binance surveillance team found DWF Labs engaged in market manipulation, sources say — link
Читать полностью…Coinbase saw trade volume in Q1 more than doubled to $312 billion, with institutional volume increasing faster than retail, accounting for 82% share of the total — link
Читать полностью…Crypto trading firm Wintermute to provide liquidity for Hong Kong Bitcoin and Ether ETFs — link | tl;dr
Читать полностью…Digital asset investment products saw outflows for the fourth consecutive week totalling $251m. This week marked the first week to see any measurable outflows from the newly issued ETFs in the US.
Spot ETFs in Hong Kong saw $307m inflows in the first week of trading — link
U.S. spot Bitcoin ETFs saw +$217.3m net inflows this Monday. Second consecutive inflow day for $GBTC — link
Читать полностью…SEC issues Robinhood Crypto with Wells Notice, citing alleged securities violations — link | tl;dr
Читать полностью…US spot Bitcoin ETFs saw a +$378.5m net inflows today.
It is the first positive net flow day since April 23rd, and the largest net inflow day since March 26th.
Largest inflow day since inception for $ EZBC Franklin — link
In Q1 2024, venture capitalists invested $2.49bn (+29% QoQ) into crypto and blockchain-focused companies across 603 deals (+68% QoQ).
This was the first rise in both capital invested and deal count in 3 quarters, perhaps signaling that Q4 2023 was the “bottom,” However, sustained and larger increases are needed to confirm this trend — link