XRP ETF Investors Are Now $133M Under Water on Their Bets
Spot XRP exchange-traded funds (ETFs) logged a $3.28 million net outflow on Oct. 2, all from Bitwise, while their combined assets dropped about $37 million. The Breakdown According to Sosovalue data, U.S. spot XRP ETFs ended Oct. 2 with total net assets of $1.658 billion. One session earlier, on Oct. 1, that figure was $1.695 […] Powered by...
Citi Calls For Much Higher BTC, NEAR ETF Goes Live, And More – Weekly Recap
This week’s stories spanned institutional forecasts, security failures and new crypto products. Citi raised its 12-month bitcoin target to $113,000 and projected $5 billion in crypto fund inflows. NEAR Intents disclosed a $3.8 million exploit, while Zano rewound its chain by 30 days after more than $200 million in illicit token minting. Bitwise launched a […] Powered by...
A Crypto Project Hasn’t Delivered Your Tokens. What Can You Do?
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The opinion editorial below was written by Michael Handelsman for Kelman.Law. You funded a crypto project under a token purchase agreement or a Simple Agreement for Future Tokens […] Powered by...
4 Crypto Sectors Gained From CLARITY Act Failure, Bitwise Says
Crypto’s rally after a major legislative setback has an unexpected explanation, according to a new Bitwise analysis. Matt Hougan identifies four areas where the outcome created advantages, alongside one risk that could reverse them. Stablecoin Platforms Preserve Customer Rewards Four areas of crypto gained business advantages after the Senate failed to advance the CLARITY Act […] Powered by...
Arthur Hayes Sees AI Bubble Ending in a Trillion-Dollar Rescue
Arthur Hayes thinks artificial intelligence (AI) is unquestionably a bubble, but he’s betting its eventual reckoning could be rocket fuel for crypto. The Managing Partner of Maelstrom expects stressed AI companies and data-center debt to eventually force a government rescue worth multiple trillions of dollars. Meanwhile, his new Flop Labs project is wagering that the […] Powered by...
