CryptoNews

9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows

February 5, 2024
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses 72,466.64 bitcoin, valued at $3.12 billion, and Fidelity’s Wise Origin ETF, FBTC, currently owns 60,054.87 BTC…
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CryptoNews

Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC

February 5, 2024
Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” Coinbase’s analysts detailed. Coinbase’s Crypto Outlook Cryptocurrency exchange Coinbase (Nasdaq: COIN) published…
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CryptoNews

USDC to Go Native on Celo Blockchain, Eyeing Role as Gas Currency

February 2, 2024
The Celo Foundation has partnered with Circle to bring USDC, a leading stablecoin, into its network. This integration not only diversifies Celo’s stablecoin offerings but also positions USDC to become an official gas currency on the blockchain. Celo Embraces USDC for Enhanced Digital Currency Functionality and Gas Payments The Celo Foundation has announced that Circle will make its US Dollar…
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CryptoNews

Jupiter's JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain

February 2, 2024
Jupiter successfully launched its JUP token. The airdrop, one of the largest in crypto history, distributed an astounding $700 million worth of JUP tokens to almost a million wallet holders. Jupiter’s JUP Token Airdrop Distributes to Nearly a Million Users The cryptocurrency world witnessed one of the largest token airdrops in its history on Jan. 31, as Jupiter, a Solana-based decentralized…
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