The Bloomberg Dollar Index fell for a fourth straight day, its longest losing streak since September 2024, after the Trump administration said tariffs on goods and services covered by the US-Mexico-Canada Agreement on Canada and Mexico were suspended until April 2. The euro narrowed its gains after the European Central Bank cut interest rates as scheduled, but hinted that the cuts may be nearing an end. The Bloomberg Dollar Index fell 0.2%, after falling as much as 0.4% in intraday trading; the ...
On February 22nd, according to Bloomberg, OpenSea said that the Securities Exchange Commission has concluded its investigation into the NFT market. Recently, the SEC has postponed the litigation related to a number of crypto companies, and said that the newly established cryptocurrency working group may resolve a series of lawsuits to save judicial resources. Yesterday, the SEC has agreed to drop the lawsuit against Coinbase.
"Canary just filed a revised S-1 for their HBAR ETF, which is usually only revised after the SEC has commented," Eric Balchunas, an ETF analyst at Bloomberg, wrote. "This is similar to Litecoin, which has also been revised. There is no 19b-4 yet. He is needed to move this along."
According to Bloomberg, Jeff Weniger, head of securities strategy at WisdomTree Investments, said that some circles believe that China can take the lead in the field of AI. China's "top 10 tech stocks" (Ternific 10) form a competitive position against the "tech giants" (Magnificent 7), such as BYD and Geely challenging Tesla, Alibaba and JD.com challenging Amazon. Weniger proposed Terrific 10 words in a post on X earlier this month, which included Alibaba, Tencent, Meituan, Xiaomi, BYD, JD.com, ...
Bloomberg ETF analyst Eric Balchunas commented on "Canary Litecoin ETF is listed on the DTCC official website", although this does not mean that it has been approved or ready to start trading, it does indicate that the issuer is preparing for when to start trading. We still think that the probability of Litecoin ETF approval is 90%. ForesightNews previously reported that Canary Litecoin ETF has been listed on the DTCC official website, the code is LTCC, and the creation/redemption column is disp...
According to Bloomberg ETF analyst Eric Balchunas, while the listing of the LTCETF in the DTCC does not mean that the product has been approved or is about to start trading, it shows that the issuer is preparing for future transactions after approval, and the current probability of approval remains at 90%.
According to Bloomberg, Nansen data shows that 86% of crypto traders lost money after investing in LIBRA on the platform of Argentine President Javier Milei, accumulating losses of $251 million, while insiders made profits of $180 million. Nansen researcher Nicolai Sondergaard noted that the agency analyzed more than 15,000 crypto wallets and found "very clear on-chain evidence of a group of'insiders' unilaterally profiting from retail investors."
Bloomberg ETF analyst Eric Balchunas wrote an analysis in X, the current asset holdings of 13F reporting institutions in most bitcoin ETFs have reached 25-30%, and it is expected that they will eventually reach a similar level of 40% to gold ETFs (GLDs), that is, there is still room for growth of 10-15%.
According to Bloomberg, cryptocurrency market maker Wintermute Trading Ltd. is looking to expand its business into the United States, including opening an office in New York and offering new products in the United States. Meanwhile, according to people familiar with the matter, Wintermute recently raised funds in a funding round led by Tencent Holdings Ltd. Neither Tencent nor Wintermute responded to requests for comment on the round.
On February 18th, according to Bloomberg, crypto security platform Blockaid recently completed a $50 million Series B financing, led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. The financing will help Blockaid deal with the growing risk of cybercrime in the digital asset sector. In 2024, Blockaid successfully blocked 71 million potential attacks and avoided a loss of $5.30 billion. The company expects to increase user g...
February 18 news, according to Bloomberg, Nigeria is amending regulations to allow taxation of cryptocurrency transactions and digital transactions, with the aim of increasing fiscal revenue. The Nigerian Securities and Exchange Commission said that the agency is working on new rules "to ensure that all eligible transactions can enter regulated exchanges and be included in the formal taxation system", the agency said in response to questions via email. Currently, bills on taxation of cryptocurre...
On February 18, according to Bloomberg, Robinhood plans to launch crypto products in Singapore in 2025 through its acquired European digital asset exchange Bitstamp. The company plans to launch these services by the end of 2025 under the guidance of local regulators. Robinhood acquired Bitstamp in June 2024 for $200 million, in part because of Bitstamp's license in Singapore, which will help Robinhood expand its business in Singapore. Bitstamp received approval-in-principle from the Monetary Aut...
Eric Balchunas, a senior ETF analyst at Bloomberg, commented on the X platform that "PlanB is transferring bitcoin into an ETF". He said: "If this news is true, then as a big V with 2 million fans, PlanB's actions are enough to show how powerful the convenience of ETFs is, and there is no need to worry about being robbed at gunpoint. On the other hand, understand that those who want to control and have the keys themselves, they do want to control the keys themselves."
On February 15th, according to Jin Ten, Bloomberg macro strategist Simon White wrote that gold and silver are flooding into US warehouses at a rate not seen since the epidemic. Years of hoarding by emerging market central banks may have caused a shortage of physical metals in Western countries. But another less likely theory is that the United States is preparing to revalue its gold reserves. The recent influx of gold and silver into New York commodities trading...
According to Bloomberg senior analyst James Seyffart, Abu Dhabi sovereign wealth fund Mubadala Investment Company is currently the seventh largest holder of the known BlackRock Bitcoin ETF (IBIT), holding $461.23 million worth of IBIT. This shows that Traditional Financial Institutions Groups are increasingly interested in the cryptocurrency market and are starting to participate in it by investing in Bitcoin ETFs and other means.