Hong Kong Bitcoin ETFs Hit HK$2B, Led by OSL
For Hong Kong to effectively compete globally, it must attract larger inflows and increase engagement from retail and institutional investors. Hong Kong’s growing cryptocurrency investment scene has hit a notable milestone, with the total asset management scale of the city’s Bitcoin exchange-traded funds (ETFs) now exceeding HK$2 billion ($256 million). This milestone highlights the increasing […]
Bitcoin’s Coinbase Premium Peaks as Price Reclaims $63K
Bitcoin demand increased among US investors after the Federal Reserve announced its intention to lower interest rates. Interest in buying Bitcoin in the United States reached a 39-day peak following recent confirmation from the US Federal Reserve that interest rates are expected to decline, as recent data indicates. “Bitcoin demand in the US spiked today […]
Tether Redistributed $108.8M USDT from Illicit Activity
Tether has voluntarily blocked over 1,900 bitcoin wallets associated with illegal activities. According to a recent announcement, since its launch in 2014, the stablecoin issuer Tether has helped more than 145 law enforcement agencies recover more than $108.8 million USDT linked to illicit acts. Tether remains resolute in its mission to support global law enforcement […]
SaltLayer Secures $8M for Bitcoin Restaking Platform
SaltLayer has closed a $8 million pre-seed investment round based on the Babylon staking mechanism and powered by Bitcoin. Multiple venture capital organizations focusing on cryptocurrency have backed the Bitcoin restaking platform, according to a statement made on X on August 22. The pre-seed investment was co-led by web3 venture capital firm Hack VC and […]
Galaxy Digital Buys $82 Million in Bitcoin
Galaxy Digital has recently increased its Bitcoin holdings, indicating a strong confidence in the future trajectory of Bitcoin values. Through the purchase of 380 Bitcoins today and a further 600 Bitcoins on August 20th, Galaxy Digital has once again boosted the amount of Bitcoins it possesses. Additionally, Arkham Intelligence reports that Galaxy Digital’s wallet address […]