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JPMorgan says GBTC outflows ‘continue to slow’
JPMorgan says GBTC outflows ‘continue to slow’

The hype around bitcoin ETFs is fading, analysts noted

Blockworks·2024/01/30 04:08
Republican French Hill says he's optimistic about prospect for new crypto legislation in 2024
Republican French Hill says he's optimistic about prospect for new crypto legislation in 2024

Quick Take: At an event on Monday hosted by the Foundation for Defense Democracies, the Arkansas Republican spoke about the Clarity for Payment Stablecoins Act and the Financial Innovation and Technology for the 21st Century Act, both of which advanced out of the House Financial Services Committee last year. Rep. French Hill also told reporters he is open to listen to Sens. Sherrod Brown, D-Ohio, and Sen. Elizabeth Warren, D-Mass., on their illicit finance concerns.

The Block·2024/01/30 03:28
TD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026
TD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026

May 2024 approvals may be unlikely due to Gary Gensler's political career.

Crypto Slate·2024/01/30 02:40
Bitcoin surges to $43k as ETF inflows outpace sell pressure
Bitcoin surges to $43k as ETF inflows outpace sell pressure

Early trading data from Bloomberg revealed that iShares Bitcoin Trust (IBIT) had surpassed GBTC in trading volume, indicating a resurgence in investor confidence.

Crypto Slate·2024/01/30 02:40
Spot bitcoin ETF race heats up as Invesco and Galaxy slash fee
Spot bitcoin ETF race heats up as Invesco and Galaxy slash fee

Invesco and Galaxy’s spot bitcoin ETF, which has remained at the middle of the pack among the new crypto-based funds, is dropping its fee from 0.39% to to 0.25%, according to an SEC filing.The new rate, which doesn’t come into effect for months, will put the firms’ ETF on par with most competitors.

The Block·2024/01/30 02:38
Flash
02:59
A new address with a high leverage short position of 23,000 ETH, liquidation price $1863.2.
BlockBeats News, June 14th. According to AI Auntie Monitor, address 0xa2e...f1468 started shorting 23,205.35 ETH in batches last night at 23:42, with a position value of $39.03 million, opening average price of $1,680.8, liquidation price of $1,863.2, and currently facing a floating loss of nearly $27,000.
02:41
Shipping Data: Strait of Hormuz Commercial Vessels Conduct Collective Diversion, Avoiding Iranian Waters to Redirect Toward Oman Route
BlockBeats News, June 14th, the latest ship tracking data shows that vessels passing through the Strait of Hormuz are significantly avoiding Iranian waters and instead opting for the Omani side channel. In the past 24 hours, no commercial vessels have used the Iranian side transit channel, and all related shipping activities have been concentrated in the Omani side traffic separation scheme. Analysts state that due to increased regional security and geopolitical risks, shipping companies are proactively adjusting their routes to reduce potential risks of navigating near Iranian waters, leading to a further shift of the traditional transit structure towards the southern side (Oman direction). U.S. President Trump posted on his personal social media platform at 00:45 a.m. this morning, stating that the Iran nuclear deal is scheduled to be signed tomorrow, and after signing, the Strait of Hormuz will be immediately opened to all countries. He mentioned that the relationship between the U.S. and Iran will be more positive than in previous administrations, and the agreement does not involve any funds being paid to Iran. Trump also stated that once the situation stabilizes, the U.S. will deal with nuclear material buried deep underground in Iran and destroy it through a dilution process, which may take place in Iran or the U.S. He emphasized that he hopes to establish long-term cooperation with Iran and the entire Middle East region, but if the agreement cannot proceed smoothly, the U.S. still has an "ultimate alternative plan" and hopes to never have to use it again.
00:52
Iranian Foreign Ministry: Fee Required for Services in the Strait of Hormuz
BlockBeats News, June 14th, according to CCTV, Iranian Foreign Ministry spokesperson Baghaei stated on the 13th that Iran's measures to ensure the safe passage of the Strait of Hormuz are not only to safeguard national security but also in line with the common interests of the international community. Iran must receive a fee for providing services in the Strait of Hormuz. Earlier, Iranian National Security Council Vice Chairman Naboyan stated on the 13th that, according to the Iranian and U.S. memorandum of understanding he had seen, all commercial ships in the Strait of Hormuz will resume passage without any restrictions.
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