BlackRock’s digital assets head, Robert Mitchnick, said the $14 trillion asset manager won’t get too creative with the types of crypto exchange-traded funds it offers, even as it launched a staking-focused Ether ETF on Thursday. Speaking on CNBC’s Crypto World segment on Friday, Mitchnick acknowledged that some of the crypto ETF structures that other asset…
BlackRock’s digital assets chief Robert Mitchnick said that more than 90% of Bitcoin ETF investors, including retail, financial advisors, and institutions, have followed a steady accumulation strategy. Speaking to CNBC today, Mitchnick said retail investors “are some of the most long-term focused” and have tended to “buy the dip” when markets decline, while hedge funds…
Summary French Hill said the CLARITY Act could resolve issues left open by the GENIUS Act. Hill noted the House passed the CLARITY Act with bipartisan backing, including 78 Democratic votes. Lawmakers aim to ensure equal rules for bank and nonbank stablecoin issuers, Hill said. French Hill, chair of the U.S. House Financial Services Committee,…
DeFi platforms like Hyperliquid are demonstrating that decentralized exchanges can rival centralized venues in execution speed and transparency, according to Delphi Digital. The cryptocurrency options market is expanding rapidly as institutional investors increasingly rely on instruments that allow them to define risk when managing large digital asset positions. According to the crypto research firm…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is attempting to climb above the $72,000 level as the market searches for direction following weeks of volatile and largely sideways price action. While buyers have recently pushed the asset higher, the $72K zone continues to act as a key resistance…
Billionaire investor Stanley Druckenmiller said blockchain and stablecoins may only be a decade away from powering the global payments system — though he isn’t sold on the idea of crypto functioning as a store of value. In an interview with Morgan Stanley recorded on Jan. 30 and released on Friday, the former hedge fund manager…
Velotrade, a Hong Kong-based firm founded by former institutional derivatives traders from JPMorgan and Dresdner Kleinwort, has unveiled its funded trading platform that provides traders with capital while sharing profits based on performance, according to a Friday statement. Crypto proprietary trading is a model that allows traders to trade digital assets using capital provided by…
Michael Saylor has responded sharply after former UK Prime Minister Boris Johnson criticized Bitcoin (BTC) and suggested that it resembles a Ponzi scheme. Former UK Prime Minister Boris Johnson criticizes Bitcoin Johnson described a conversation with a church acquaintance who lost money after being lured into a supposed crypto investment opportunity. According to Johnson, the…
Ethereum co-founder Vitalik Buterin says large political efforts to regulate artificial intelligence could backfire. Vitalik Buterin has said that his previous donation to the Future of Life Institute (FLI) does not mean that he agrees with the group’s current political stance on AI. According to him, big political campaigns about AI safety could lead…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple’s dollar-pegged stablecoin RLUSD is seeing a period of supply reductions, with millions of tokens permanently removed from circulation in a series of burn transactions tied to Ripple’s treasury activity. Blockchain trackers monitoring RLUSD activity show that multiple large burns have taken place…
