US Government Transferred 20,000 BTC to a Centralized Exchange
The US government transferred 19,800 Silk Road-linked BTC worth approximately $2 billion to a centralized exchange through an intermediary address. This transaction is considered a preparation for the sale of confiscated Bitcoins. In 2022, the Justice Department seized more than 50,000 Bitcoins and announced plans to sell these assets in bulk. The US government still holds approximately $18 billion worth of seized crypto assets.
by Darkex Research – 1 min read
Fed Rate Cut Likelihood Rises
According to CME’s “Fed Watch” report, the probability of a 25 basis point rate cut by the Fed in December has increased to 74.5%. While the probability of keeping the current interest rate unchanged is projected at 25.5%, the probability of a 25 basis point cut by January 2025 is 65.1% and the probability of a 50 basis point cut is 14.3%.
by Darkex Research – 1 min read
Nano Labs Plans $50 Million Bitcoin Purchase
Crypto mining chip design company Nano Labs (Nasdaq: NA) announced plans to buy and hold $50 million worth of Bitcoin over the next five years. Nano Labs announced in November that it would accept payments in Bitcoin.
by Darkex Research – 1 min read
Genius Group Increases Bitcoin Reserves to 172 BTC
Artificial intelligence company Genius Group Limited (NYSE American: GNS) increased its Bitcoin holdings by $1.8 million, reaching a total of 172 BTC. The total value of the company’s Bitcoin reserves is currently $15.8 million, with an average net cost per Bitcoin of $92,006.
by Darkex Research – 1 min read
XRP ETF Application from WisdomTree
WisdomTree has filed an S-1 application with the US Securities and Exchange Commission (SEC) for an XRP-based exchange-traded fund (ETF) that will trade on the Cboe BZX Exchange, Inc. If the application is approved, the fund could be the first XRP spot ETF listed in the US
by Darkex Research – 1 min read
BlackRock’s IBIT Spot Bitcoin ETF Exceeds 500,000 BTC
BlackRock’s IBIT Spot Bitcoin ETF has reached a total of 500,380 BTC less than a year since its launch. This represents 2.38% of the total Bitcoin supply and is worth around $48 billion. As of November 29, the fund held 496,854 BTC, surpassing the milestone with a net inflow of 3,526 BTC on Monday alone.
by Darkex Research – 1 min read
Trump’s Customs Policies Could Support Crypto and Gold
According to Saxo Bank executives, the protectionist customs policies that Donald Trump will adopt if he is re-elected president could have a positive impact on asset classes such as Bitcoin and gold. In addition to Trump’s moves that strengthened the dollar index in his previous term, it is evaluated that these assets may increase their attractiveness as alternative investment instruments.
by Darkex Research – 1 min read
European Central Bank (ECB) Publishes Progress Report on Digital Euro Project
In the second progress report of the digital euro project, the ECB shared its work on the integration of digital payment systems in the euro area. The report focuses on minimum user experience standards, a risk management framework and research to understand user preferences. The Digital Euro Initiative Rulebook has also been updated. The project continues to take important steps towards the development of digital payment infrastructure.
by Darkex Research – 1 min read
