10/30/2024
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Historic Volume Increase in Spot Bitcoin ETFs
Spot Bitcoin ETFs in the US attracted attention with a trading volume of more than $4.5 billion on October 29. BlackRock’s spot Bitcoin ETF led the way with $3.3 billion in volume. This increase in trading volume is associated with the rise in Bitcoin’s price. The rise in ETF volume is thought to be due to investors buying with FOMO effect.
by Darkex Reseach – 2 min read
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China will have a big impact
“The effects will be inevitable,” said Arthur Hayes, suggesting that monetary expansion and credit growth in China will accelerate again, but this will take time. Giving the example of the sudden yuan devaluation in 2015, Hayes pointed out that Bitcoin increased 5 times at that time.
by Darkex Reseach – 2 min read
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SEC Reviews Grayscale’s Cryptocurrency ETF Application
The US Securities and Exchange Commission (SEC) has received for review the application of Grayscale’s Digital Large Cap Fund to trade on the NYSE as an ETF. The ETF aims to offer investors a portfolio of Bitcoin, Ethereum and other cryptocurrencies. If the SEC approves, this development could lead to greater acceptance of cryptocurrencies in the traditional financial world.
by Darkex Reseach – 2 min read
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Critical Economic Data Released in the US
US Gross Domestic Product (GDP): Previous: 3.0%, Expected: 3.0%, Announced: 2.8
US – Core Personal Consumption Expenditures: Previous: 2.8%, Expected: 2.1%, Announced: 2.2%
by Darkex Reseach – 2 min read
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New Development in Ripple and XRP Case
In the lawsuit against Ripple Labs Inc. and XRP II LLC, Ripple CEO Brad Garlinghouse and other representatives of the company asked the court to enter a final judgment and indefinitely suspend the individual state law claims. The court asked the parties to consider a new remedy, taking into account the voluntary withdrawal of the remaining individual claims.
by Darkex Reseach – 2 min read
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Japan Gives Green Light to O Meme Coin
PEPE, one of the popular meme coin projects of the last period, was recorded as the first meme coin in Japan. PEPE debuted on Japan’s cryptocurrency exchange named BIT Point. Thus, it became the first meme coin traded in Japan, one of the largest countries in Asia.
by Darkex Reseach – 2 min read
