The Trump administration is considering at least 11 candidates to potentially replace Jerome Powell when his term as Federal Reserve Chair expires in May — at least three of them have publicly shown a positive stance toward crypto. Treasury Secretary Scott Bessent told Fox News on Wednesday that there are 11 “very strong candidates” for…
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Spot Ether exchange-traded funds are selling like hot cakes in the US, attracting more than ten times the inflows of their spot Bitcoin counterparts over the past five trading days. Since last Thursday, spot Ether ETFs have seen a whopping $1.83 billion in inflows, while Bitcoin funds took only a tenth of that with $171…
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Investment advisers are the largest trackable cohort outside of retail that are buying Bitcoin and Ether exchange-traded funds, according to new data from Bloomberg Intelligence. Bloomberg ETF analyst James Seyffart said in an X post on Wednesday that investment advisers are “dominating the known holders” of Ether ETFs, investing over $1.3 billion or 539,000 Ether…
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Key takeaways: Retail traders are aggressively buying BTC price dips in spot and futures markets, but net selling from larger order investors is preventing a robust price recovery. Risk of another liquidation cascade to $105,000 seems less likely, but investor sentiment is misaligned with the trend seen in assorted cumulative volume data cohorts. Bitcoin (BTC)…
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Key takeaways: BlackRock’s iShares ETH ETF holds 3.6 million ETH, just 200,000 behind Coinbase. IBIT’s 745,000 BTC already surpasses Coinbase and Binance reserves. Falling Bitcoin and Ether inflows signal tightening supply and reduced selling pressure. BlackRock’s iShares Ethereum ETF is on the verge of overtaking Coinbase as the world’s second-largest Ether (ETH) custodian, narrowing the…
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Key points: Bitcoin traders reveal the key BTC price points for a bullish recovery. The risk of a “double top” for price remains, with $102,000 on the radar should support fail. The Bitcoin bull market does not have much time left — if history is a guide. Bitcoin (BTC) neared $113,000 after Wednesday’s Wall Street…
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A coalition of 112 crypto companies, investors and advocacy groups has called on the US Senate to include protections for software developers and non-custodial service providers in upcoming market structure legislation. In a letter sent Wednesday to the Senate Banking and Agriculture Committees, the industry spoke “with one voice,” urging lawmakers to ensure developers and…
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Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association China’s control over cryptocurrency liquidity in Hong Kong gives it unprecedented power over the Trump family’s crypto wealth. This leverage lets Beijing influence the family’s financial fate — and potentially US-China relations — through market moves. As Eric Trump visits Hong Kong, this crypto-political…
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Crypto funds and market makers are buying tokens at steep discounts through private over-the-counter deals and hedging them with shorts, locking in double-digit returns while retail traders take the risk. Venture capitalists, funds and market makers can often secure allocations at roughly a 30% discount with three- to four-month vesting, then hedge by shorting the…
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Key points: Bitcoin can reverse its latest slump to hit new all-time highs in the next four months, based on historical performance. Research says that the outlook for Bitcoin between now and Christmas is “positive yet less volatile.” The current dip may be “frontrunning” traditional September BTC price downside. Bitcoin (BTC) faces average gains of…
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