Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares.Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing … [Read more...] about Institutional managers hold a record $13.9B worth of Ethereum
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Digital euro’s privacy promise not worth a centralized system, Oasis exec says
When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential future CBDC rollout. The ECB had conducted a public consultation on the possibility of a digital euro, canvassing the opinions of over 8,000 individuals and businesses. The responses that … [Read more...] about Digital euro’s privacy promise not worth a centralized system, Oasis exec says
$540 million worth of Ethereum (ETH) liquidated as ‘shorts’ punished
Over $542 million worth of Ethereum (ETH) positions were liquidated last night on the back of the asset reaching all-time highs, data from markets tool Bybt showed.139,079 traders were liquidated in all, while the largest single liquidation order happened on was an ETH trade for $74.5 million on crypto exchange Huobi.Inside the Ethereum rampage‘Liquidations,’ for the … [Read more...] about $540 million worth of Ethereum (ETH) liquidated as ‘shorts’ punished
Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days
Bitcoin whales have sold roughly 50k BTC in the last 5 daysThis amount translates to roughly $3 billionThe Bitcoin whales include those holding 100 – 10,000 BTCBitcoin has entered what looks like a brief bearish window with $60k continuing to holdA breakdown of $60k could lead to accelerated of selling, and lower levels of supportBitcoin whales holding 100 to 10,000 BTC have … [Read more...] about Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days
Garry Tan’s 2013 investment of $300K in Coinbase is now worth $2.4B
Garry Tan, a prominent angel investor and the founder of Initialized Capital, was one of the first investors to provide seed funding to Coinbase eight years ago. Less than a decade later, and after today's highly anticipated Nasdaq listing for Coinbase's COIN stock, Tan's 2013 investment of $300,000 into Coinbase is now worth $2.4 billion.Coinbase debuted on the Nasdaq on April … [Read more...] about Garry Tan’s 2013 investment of $300K in Coinbase is now worth $2.4B