Binance has imposed stricter client screening procedures upon its prime brokers, such as Hidden Road and FalconX. According to a Bloomberg report on March 19, the strategy is designed to prevent U.S. investors from accessing its trading platform. The screening enhancements are tailored for prime brokers that primarily serve institutional investors. These brokers are now required to gather comprehensive...
Galaxy Asset Management surpassed $10 billion in Assets under Management (AUM) for the first time on Feb. 29, 2024. Galaxy Digital Holdings’ institutional investing division credited the milestone to a growing enthusiasm among institutional investors for digital assets. Mike Novogratz, CEO of Galaxy Digital, announced this accomplishment on March 19 on X, characterizing it as an...
Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in Japan and globally, is looking to explore investments in alternative assets such as Bitcoin (BTC) and gold. According to a Bloomberg report, GPIF revealed in a press release today that it plans to examine the possibility of accommodating Bitcoin and other commodities, including farmlands, forests and...
Bitcoin’s decline prompts caution among traditional investors, emphasizing the importance of forthcoming flow data to gauge market sentiment. Traditional investors (tradfi) are starting to exercise caution as Bitcoin’s (BTC) price experiences a decline pulling back over 12.5% from its recent all-time high reached on Mar. 14. In a recent research report Bitfinex notes that the latest retreat “was...
Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters. According to data from Farside Investors, the 10 ETFs collectively attracted $2.6 billion in new investments during the five days ending March 15. Most of these inflows occurred early in the week, with...
Standard Chartered Bank has revised its forecast for Bitcoin’s price, anticipating a significant surge in value up to $150,000 by the end of 2024. Previously predicting a milestone of $120,000, this upward revision follows a period of “sharper-than-expected price gains” for Bitcoin (BTC). Furthermore, the bank envisions even more substantial gains in the following year, with a forecasted...
Investment products based on digital assets attracted $2.9 billion in the week from March 11 to March 15. According to a report from CoinShares, capital inflows broke the previously set record of $2.7 billion. The latest week’s inflows take year-to-date inflows to $13.2 billion, topping 2021 total inflows of $10.6 billion. At the same time, trading volumes for...
Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform, saw its trading volumes multiply fivefold within the past month, escalating from $5 million at the...
Crypto exchange Binance recently announced the initiation of a detailed investigation into the claims concerning Book of Meme (BOME), a Solana-based meme coin. This move came in response to allegations and community discussions about possible insider trading linked to the “BOME rat warehouse” incident. The exchange made an official statement on the X platform highlighting its commitment to market fairness...
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the...
