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ForkLog 8 18.01.2024

Spot Bitcoin ETF Trading Volume Surpasses $11 Billion

Spot Bitcoin ETF trading volume reached $11 billion, though the growth rate of fund inflows is gradually slowing. Experts are divided on the risks and opportunities for Bitcoin related to exchange-traded funds. The cumulative trading volume of 11 spot Bitcoin ETFs in the US reached $11.1 billion in the first four days following the launch […]

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ForkLog 10 17.01.2024

Morgan Creek CEO Skeptical of Imminent Approval for Spot Ethereum ETFs

SEC is unlikely to approve spot Ethereum ETFs in the near future, despite optimism following the approval of similar Bitcoin products in the U.S. This was stated by Morgan Creek Capital CEO Mark Yusko in an interview with Cointelegraph. Previously, Bloomberg exchange analyst Eric Balchunas suggested a 70% likelihood of approval for several Ethereum fund […]

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ForkLog 20 17.01.2024

PwC: 25% of Companies Anticipate Layoffs Following AI Adoption

According to a PwC survey, more than half of companies have implemented AI or plan to do so, potentially leading to a reduction of at least 5% of their workforce. The IMF has also expressed concern over the technology’s impact on jobs, with about 40% of employees worldwide expected to feel the effects. Approximately 25% […]

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ForkLog 15 17.01.2024

Ripple CEO Rules Out IPO Amid ‘Hostile’ SEC Environment

Ripple had considered going public outside the United States due to the “hostile” stance of the SEC, but has postponed these plans. This was stated by the fintech company’s CEO, Brad Garlinghouse, in Davos. LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9 — Brad Garlinghouse (@bgarlinghouse) January 16, 2024 “Trying to go for an IPO […]

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ForkLog 59 17.01.2024

Solana Unveils Preorder for Saga 2: Insights into the New Web3 Smartphone

Solana Mobile has announced the second version of its Web3 smartphone, the Saga Chapter2, now available for preorder at $450. 1/ Almost overnight, Solana Mobile’s Saga became the most rewarding experience on a phone, ever, and sold out. You know that story. Now it’s time for the next part of the epic.https://t.co/nYR9apGGIT Preorder #Chapter2 & […]

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ForkLog 20 17.01.2024

Bitcoin’s Correction Linked to Profit-Taking by Holders, Say Analysts

The 18% pullback in Bitcoin over the weekend, following its rise to multi-year highs, was attributed to profit-taking, including from derivatives, after ETF news. This conclusion was reached by Glassnode. 2024 has opened with a roller-coaster ride for #Bitcoin, as ten new spot ETFs begin trading in US markets. The event was historic and chaotic, […]

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ForkLog 46 16.01.2024

Arthur Hayes Explores Arbitrage Opportunities Following Bitcoin ETF Launch

The approval of a Bitcoin ETF in the United States has paved the way for a range of strategies at the intersection of the cryptocurrency market and TradFi. This was highlighted by former BitMEX CEO Arthur Hayes in his blog post. Opportunities will arise in the following areas: the process of creating and redeeming ETFs; […]

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ForkLog 21 16.01.2024

Polygon Foundation Accused of Misappropriating 400 Million MATIC

On January 15, the Polygon Foundation transferred 400 million MATIC (approximately $340 million at the time of writing), intended for the community, to the cryptocurrency exchange Binance. This was reported by researchers at ChainArgos. 1/ Polygon allocation problems and suspicious flows to exchanges. Let’s look at a very large project and explore how the allocations […]

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ForkLog 9 16.01.2024

Bitcoin Correction Attributed to ETF Approval Sell-off, Say Analysts

Cumulative Volume Delta (CVD) of digital gold on leading platforms turned negative following news of spot Bitcoin ETF approval, according to Kaiko. Analysts pointed to a “sell the news” scenario. They noted that an hour before the US market opened, net purchases on Binance reached nearly 3000 BTC, but the buyers’ advantage was short-lived. Positive […]

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ForkLog 12 16.01.2024

Experts Highlight Risks of Spot Bitcoin ETFs

Spot Bitcoin ETFs have opened a channel for large capital inflow into the industry, but also introduced new risks. Traditional financial practices could pose a threat to the ecosystem of the first cryptocurrency. TradFi players might attempt to influence the network’s development, though this is unlikely. The approval of spot Bitcoin ETFs by the SEC […]

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ForkLog 26 15.01.2024

Binance Declares 2023 a ‘Favourable’ Year for Bitcoin Industry

With a 109% increase in total market capitalization, 2023 marked a “largely favourable turnaround” for the crypto industry, according to a Binance report. #Binance Research is delighted to announce the release of our comprehensive industry year-in-review report. We uncover the top crypto industry dynamics of 2023 and discuss key trends as we head further into […]

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ForkLog 8 15.01.2024

Bitcoin’s Bearish Scenario Deemed Unlikely by Experts After Dip Below $42,000

The leading cryptocurrency plummeted by 15% following the launch of spot Bitcoin ETFs. Experts consulted by ForkLog suggested further declines and noted a shift of funds into altcoins. Despite bullish sentiment preceding the approval of spot Bitcoin ETFs, the leading cryptocurrency fell nearly 15% after their launch—from $49,000 to $41,500. 15-minute BTC/USDT chart on Binance. […]

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