Category: crypto

Ethereum ETFs experienced $75.89 million in outflows on December 19, marking the seventh consecutive day of losses. BlackRock’s ETHA accounted for all redemptions, while other ETH ETFs saw zero flows. Total net assets for Ethereum ETFs fell to $18.21 billion, with cumulative inflows dropping to $12.44 billion.

XRP-linked exchange-traded funds reached over $60 million in assets under management on December 17, while the token’s spot price decreased. The discrepancy between ETF growth and declining spot prices suggests institutional investors are cautious in their buying process, with ETF inflows not immediately impacting the spot market.

The Bank of Japan raised its benchmark interest rate to 0.75%, the highest since 1995, departing from a long-standing accommodative policy. The rate increase is testing global funding mechanisms, potentially impacting Bitcoin prices. Japanese bond yields and high FX hedging costs are making domestic assets more attractive, possibly diverting capital away from the U.S. and…

BlackRock Inc. is expanding its cryptocurrency operations globally and has posted job openings for leadership positions in the U.S., Singapore, England, and Ireland. The roles involve managing digital assets, stablecoins, and tokenization, with salaries ranging from $270,000 to $350,000. The company is seeking candidates with experience in the industry.

A solo Bitcoin miner used rented hashpower from NiceHash to successfully mine a Bitcoin block, earning $271,000. Solo mining is difficult due to network difficulty levels, with most miners preferring to join pools for consistent rewards. The NiceHash marketplace allows miners to rent hashpower without owning physical hardware.

European Union governments have agreed on a common position for the digital euro, a move that strengthens the bloc’s monetary sovereignty and global financial role. The next steps involve finalizing positions within the European Parliament before formal negotiations with the Council can start. The digital euro initiative aims to enhance Europe’s payment system and strategic…

NFT sales volume increased by 12.03% to $67.76 million, led by Ethereum. Despite a drop in Bitcoin and Ethereum prices, NFT sales and participation rebounded. Top collections include Milady Maker, DMarket, and Courtyard, while Ethereum saw notable growth. Wrapped Ether Rock #38 was the top individual sale at $265,594.19.

Synthetix Network has brought back its perpetual futures decentralized exchange on Ethereum mainnet after a two-year period on Layer-2 networks. The protocol is using offchain matching with onchain settlement to scale trading. The relaunch will kick off with a private beta and plans to expand with new markets and features.

Michael Selig has been confirmed as the 15th chairman of the Commodity Futures Trading Commission, ending nearly a year of interim leadership. Selig brings prior experience from both the CFTC and SEC’s Crypto Task Force, with a focus on enforcement priorities and crypto policy. Congress is also debating expanding the CFTC’s role in crypto markets.

Bitwise filed with the SEC to launch a spot ETF tracking the SUI token, causing SUI price to rebound over 4.5% from monthly lows. The ETF approval process is expected to take 75 days under new standards. Other issuers have also filed for spot altcoin ETFs, with a decision on 21Shares’ application due soon.