BlackRock’s IBIT spot Bitcoin exchange-traded fund surpassed 300,000. BTC -2.59% ($21 billion) in assets under management on Thursday, five months after trading began on January 11.BlackRock’s Bitcoin ETF has currently accumulated 302,534 BTC, according to the fund’s page, and surpassed the milestone yesterday with net inflows of approximately 4,920 BTC.IBIT overtook Grayscale’s GBTC in terms of AUM last week, putting the product ahead of other spot Bitcoin ETFs in terms of assets. GBTC originally operated as a private equity fund, but converted to public trading on the OTC market in 2015 and to an ETF in January.GBTC charges much higher…
Author: Crypto Flexs
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Dubai, United Arab Emirates, June 7, 2024, ChainwireBybit, one of the world’s top three cryptocurrency exchanges by trading volume, is proud to announce that it has been named Crypto Exchange of the Year at Next Block Expo (NBX), one of Europe’s largest Web3 events. This prestigious award signifies Bybit’s unwavering commitment to innovation, security, and user experience in the dynamic cryptocurrency landscape.“Bybit being named Crypto Exchange of the Year is a testament to Bybit’s exemplary leadership and innovation in the cryptocurrency space,” said Dawid Kustra, CEO and Co-Founder of Next Block Expo. “Their commitment to security, user experience and compliance…
IBM Research, in collaboration with Red Hat, has launched InstructLab, an innovative open source project designed to facilitate collaborative customization of large language models (LLMs) without complete retraining. This initiative aims to integrate community contributions into the base model, significantly reducing the time and effort traditionally required. Mechanisms of InstructLab InstructLab operates by lowering the cost of data generation by augmenting human-curated data with high-quality examples generated by LLM. This data can then be used to improve the base model without having to retrain it from scratch, which is a significant cost-saving measure. IBM Research…
President Donald Trump once again showed his support for Bitcoin and the cryptocurrency industry at a high-profile fundraiser in San Francisco on Thursday. The event, hosted by tech venture capitalists David Sacks and Chamath Palihapitiya at Sacks’ Pacific Heights home, raised $12 million for the Trump campaign, three attendees told Reuters. The event was attended by Coinbase executives, the Winklevoss twins, and other industry leaders.JUST IN: 🇺🇸 Donald Trump introduced himself as the ‘Crypto President’ at a San Francisco tech fundraiser. pic.twitter.com/s9W6RtKYeO— Bitcoin Magazine (@BitcoinMagazine) June 7, 2024 “He said he would be the cryptocurrency president,” Trevor Trainna, a San…
HashKey Global Launches Second HashKey Launchpool: Earn ATH Tokens by Locking ATH and USDT – Chainwire housenewsroomHashKey Global Launches Second HashKey Launchpool: Earn ATH Tokens by Locking ATH and USDT We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or…
Bloomberg ETF analyst James Seyffart has filed a Freedom of Access to Information (FOIA) request regarding the SEC’s approval of a spot Ethereum ETF.In a June 5 KITCO interview, Seyffart said the disclosure request should search for “anyone who spoke with (SEC Chairman) Gary Gensler” to determine what happened in the SEC’s decision-making process.He said there may be unused denial orders due to the agency’s drastic change in position.voting is unclearSeyffart said the SEC approved a spot Ethereum ETF through delegated authority. This is a common approach, but an uncommon choice for the problem at hand.Delegated powers also mean voting…
Bitcoin (BTC) hit the $69,000 mark on June 8 as traders healed the wounds from the sell-off.BTC/USD 1-hour chart. Source: TradingViewBitcoin, Ethereum maintain downward trend even after flash crashBTC price action stabilized through the weekend, according to data from Cointelegraph Markets Pro and TradingView.The largest cryptocurrency withstood sudden volatility during previous Wall Street openings thanks to US employment data labeled “schizophrenic.”This was further exacerbated by the altcoin debacle caused by the market reaction to pseudonymous investor Roaring Kitty’s live stream.BTC/USD hit a local low of $68,450 on Bitstamp, while the largest altcoin, Ether (ETH), briefly fell below $3,600.ETH/USD 12-hour chart.…
Amid rising digital asset prices this week, a handful of crypto assets have seen an “explosion” of whale activity, according to analytics firm Santiment. There are comments on social media platform Whale interest. Describe the company, “The volume of transactions over $100,000 on each of these networks more than doubled this week compared to the usual 2024 average, indicating a build-up.” Source: Santiment/X Crypto trader Ali Martinez also noted that whales have purchased 200 million of the top meme asset, Dogecoin (DOGE), since May 30th. Source: Ali Martinez/X Regarding Bitcoin (BTC), Santiment said there is not as much enthusiasm for…
Cryptocurrency analyst Egrag Crypto It revealed a bullish pattern that had recently formed. XRP price chart. The analyst also revealed how high cryptocurrency tokens can go when they move in an upward direction. Inverted hammer shape on chart Egrag highlighted. inverted hammer formed in XRP Chart Noting how bullish this is for cryptocurrency tokens. He claimed that last month’s candle formation showed a 75% inverted hammer shape at the bottom, which was “very bullish” for XRP. Egrag believes this is a “surprising sign” that altcoins could soon rise to $0.75. He added that July will be a “fireworks month” for…