Billionaire investor Ray Dalio has said his final goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago. Dalio has sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday. After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth…
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United States Spot Ether exchange-traded funds (ETFs) hit a new milestone in July, recording $5.43 billion in net inflows, their highest monthly total since launch, according to ETF tracker SoSoValue. July’s performance represented a 369% increase over June’s total net inflow of $1.16 billion, showing a significant surge in investor interest. It also eclipsed previous…
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Key takeaways: Bitcoin hit a record monthly close at $115,800 on July 31. Analysts see price dropping below $115,000 as a bullish retest. August may see strong BTC gains, as post-halving years historically see 14%-65% returns. Bitcoin (BTC) has made history after BTC/USD achieved its highest monthly close on Thursday. BTC/USD monthly chart. Source: Cointelegraph/TradingView…
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El Salvador’s legislature approved sweeping constitutional changes, including allowing indefinite presidential reelection, effectively enabling President Nayib Bukele to remain in power beyond his current term. The package of five reforms, passed in a 57–3 vote by Bukele’s New Ideas party and allies, also extends the presidential term to six years from five and eliminates runoff…
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Key points: Bitcoin seals another multi-week low, this time filling a July gap in CME’s Bitcoin futures market. Traders hold mixed views of where BTC price will head next. US trade tariffs appear to impact Bitcoin and crypto more than US stocks. Bitcoin (BTC) hit new three-week lows Friday as US trade tariffs soured market…
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Crypto-skeptic US Senator Elizabeth Warren has led a letter to the Office of the Comptroller of the Currency expressing concerns over potential conflicts of interest involving the Trump family’s crypto business interests. Warren, along with Senators Chris Van Hollen and Ron Wyden, said in a letter to OCC head Jonathan Gould on Thursday that they’re…
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Strategy’s Michael Saylor has joined the call for the US to create a formal crypto taxonomy to clearly define when a security can be tokenized and what constitutes a digital security or commodity. “My opinion is it would be beneficial to the market if they nail down the digital assets taxonomy,” Saylor said during Strategy’s…
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Bitcoin has fallen to its lowest level in three weeks as US President Donald Trump released an executive order imposing trade tariffs on a raft of countries. Bitcoin (BTC) fell to $114,250 on Coinbase during early trading in Asia on Friday, according to TradingView. It hasn’t been that low since June 11. The original cryptocurrency…
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While many Bitcoin whales “woke up” in the last month to sell their BTC at big profits as it rallied over $122,000, analysts say it is a good sign of a maturing market and doesn’t hurt the value of Bitcoin. In an X post on Wednesday, Bitcoin financial services company Swan Bitcoin said the largest…
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Bitcoin-focused staking platform Solv Protocol has launched a structured yield vault for institutional investors, targeting more than $1 trillion in BTC currently sitting idle and not collecting interest. Solv’s new BTC+ is designed as a Bitcoin (BTC) yield vault aggregating and deploying capital across various yield strategies spanning decentralized finance (DeFi), centralized finance (CeFi) and…
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