Grayscale Investments said Monday (June 27th, 2022) that it is gearing up to work with heavyweight market makers Jane Street and Virtu Financial if the SEC approves their Grayscale Bitcoin Trust (GBTC) to be converted into a spot ETF.
GBTC is currently trading at nearly a 30% discount to net
Three Arrows Capital (3AC) is a cryptocurrency hedge fund that was run by Zhu Su and Kyle Davies from their Singapore and Dubai offices.
The company bought Bitcoin on leverage using funds from DAOs and CeFi firms that include Voyager and BlockFi. At its peak the fund was worth around
The Wall Street Journal released a report on Monday (June 27th, 2022) stating that hedge funds are ramping up efforts to short Tether (USDT), the stablecoin pegged to the U.S. dollar. Subsequently, Tether Chief Technology Officer (CTO), Paolo Ardoino, voiced his thoughts on Twitter in a 12-part thread.
He
The Wall Street Journal released a report on Monday (June 27th, 2022) stating that hedge funds are ramping up efforts to short Tether (USDT), the stablecoin pegged to the U.S. dollar. Subsequently, Tether Chief Technology Officer (CTO), Paolo Ardoino, voiced his thoughts on Twitter in a 12-part thread.
He
Grayscale Investments said Monday (June 27th, 2022) that it is gearing up to work with heavyweight market makers Jane Street and Virtu Financial if the SEC approves their Grayscale Bitcoin Trust (GBTC) to be converted into a spot ETF.
GBTC is currently trading at nearly a 30% discount to net
Three Arrows Capital (3AC) is a cryptocurrency hedge fund that was run by Zhu Su and Kyle Davies from their Singapore and Dubai offices.
The company bought Bitcoin on leverage using funds from DAOs and CeFi firms that include Voyager and BlockFi. At its peak the fund was worth around
During the market’s recent volatility, a number of companies have experienced liquidity issues because of the sudden downturn in prices across Bitcoin and all other cryptocurrencies.
The latest company to halt withdrawals is CoinFLEX, a derivatives exchange that also offers financial services and crypto yield was founded in 2019
Tether Operations Limited, the company that powers the largest stablecoin by market capitalization, has announced that it will be launching Tether tokens (“GBPT”) pegged to the British Pound Sterling in early July of 2022.
GBPT will be the fourth fiat-currency pegged stablecoin that Tether is offering. Currently, Tether has the
ProShares, known to most retail investors for their TradFi ETFs, is now introducing a Bitcoin Short ETF. This comes at a time when Bitcoin has fallen 55% YTD and 30% in the last month, at the time of this writing. The ETF is available through traditional brokerages.
This is another
In a tweet from Binance on June 13th, 2022, the company stated that they will be temporarily pausing Bitcoin withdrawals on the BTC network due to “stuck” on-chain transactions.
The company explained that only the BTC network withdrawals were having issues and that Bitcoin may be withdrawn to the Ethereum
3iQ Corporation announced the launch of Coinshares Bitcoin Feeder ETF on the CBOE exchange in Australia through a press release.
The ETF will provide retail and institutional investors with exposure to the spot price of Bitcoin through an underlying fund. At 1.20%, Coinshare's Bitcoin Feeder ETF has
