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’Bitcoin Won’: Jersey City Mayor Says Pension Fund to Invest in Bitcoin ETFs
The mayor of Jersey City announced on Thursday that the second-largest city in New Jersey is seeking to allocate a portion of its pension fund to spot Bitcoin ETFs. Read more
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There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says
Robert Mitchnick, the head of digital assets at the world’s largest asset manager, BlackRock, said that despite the launch of spot Ethereum ETFs this week, it’s unlikely to open the door to funds that track other crypto assets like Solana’s SOL or Polygon’s MATIC, on the mainstage at the Bitcoin 2024 conference. Read more
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US moves global markets because of liquidity, not volume
Recent analysis highlights that U.S. exchanges significantly influence global markets primarily through liquidity rather than trading volume. Despite accounting for only 11.79% of global trading volume, U.S. exchanges contribute approximately 45.09% to global market depth, indicating a substantial role in providing liquidity. Read more
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Top 5 Cryptos to Buy in 2024
The cryptocurrency market has been experiencing a significant rebound, with several coins showing promising signs of recovery and growth. Read more
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Grayscale Shifts $1 Billion in Ethereum to Coinbase Ahead of US ETF Trading Debut
Crypto asset manager Grayscale has transferred a hefty sum of Ethereum to Coinbase Prime as exchange-traded funds (ETFs) associated with the asset gear up for a trading debut in the U.S. this week. Read more
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TradFi giant State Street looking to launch stablecoin, tokenized deposits
TradFi giant State Street Corp. is considering launching its own stablecoin and tokenized deposits in a bid to enhance its payment settlement capabilities using blockchain technology, Bloomberg News reported on July 17, citing sources familiar with the matter. Read more
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Senior ETF Analyst Says Solana ETF is Next
Bloomberg’s senior analyst, Eric Balchunas, predicts a surge in the popularity of crypto exchange-traded funds (ETFs) following the introduction of Ethereum ETFs. Indeed, Balchunas believes a Solana ETF could be the next to hit the crypto market following. Read more
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OKX Wallet adds support for TON blockchain
Crypto exchange OKX announced today that its wallet service has added support for The Open Network — marking its 100th mainnet blockchain integration. Read more
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Can crypto fully realize the open banking fintech vision?
In the early 2010s, banking customers dissatisfied with the fees, complexity and poor service of traditional banks gained some new options. Read more
