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On August 26, according to official news, on-chain structured product infrastructure City Protocol announced the completion of its seed and Pre-A funding rounds, raising a total of $11 million. Invest

City Protocol Secures $11 Million in Funding with Participation from Dragonfly and Others

Wall Street is making it easier for bitcoin whales to ditch self-custody: report.BlackRock has made it a lot cheaper for bitcoin whales to swap self-custody for shares in its Nasdaq-listed spot $BTC E

Wall Street is making it easier for bitcoin whales to ditch self-custody: report.BlackRock has made it a lot cheaper for bitcoin whales to swap self-custody for shares in its Nasdaq-listed spot $BTC ETF, IBIT, a shift that’s accelerating due to crypto crime, according to a report by Bloomberg.The minimum value of bitcoin needed to swap directly into IBIT shares slipped to $1 million in July. It used to be $25 million, the report said, adding that ETF issuer Bitwise has also cut its threshold to $3 million from $100 million.
The swapping works through a process called “in-kind creation,” where investors hand over their $BTC to the fund and get ETF shares back. This way they don’t need to sell their $BTC and then buy ETF shares, which attracts capital gains tax.

Such transactions are already booming. IBIT alone has processed more than $5 billion of these swaps, up from $3 billion back in October, according to Robbie Mitchnick, BlackRock's head of digital assets.

Driving the trade is crypto kidnappings, hacks, and custody failures. "People see things happen in the outside world... that motivate them to make this switch for all or some of their holdings," Mitchnick told Bloomberg.

The trend is not limited to bitcoin. Issuers such as Grayscale and VanEck now do this for ether.
Spot ETFs have pulled in billions in investor money since their debut in 2024.



 Trending Token Price Prediction Challenge

HTX Creation Challenge — Post and Win 1,500U

Wall Street is making it easier for bitcoin whales

BitcoinWorldEuro Slides Against Yen as Bank of Japan Rate Hike Bets Firm The euro weakened against the Japanese yen on [date], as market expectations for a firm interest rate hike by the Bank of Japan

Euro Slides Against Yen As Bank of Japan Rate Hike Bets Firm

$GENIUS {future}(GENIUSUSDT) : Trapped buyers setting up a short opportunity I am favoring a short setup as whale short positions are over 80% profitable while long entries are underwater. Price faile

HTX 13th-Anniversary Carnival

BlockBeats News, August 26th. According to lookonchain monitoring, the trader 0xD81a, who had previously incurred a total loss of approximately $12 million due to selling high and buying low with ETH,

The “Buy the Dip” Whale, who lost $12 million through “Buy High, Sell Low” trading, has re-entere...

Trending Token Price Prediction ChallengeHTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500UA massive $6.4 billion bitcoin options expiry on Friday could amplify volatility Frida

A massive $6.4 billion bitcoin options expiry on Friday could amplify volatility
Friday’s expiry follows bitcoin’s surge from $62,000 to $80,000, leaving market makers with increased exposure to manage around several key strike pricesBitcoin’s 
BTC
$78,900.70
 recent price surge has given traders plenty to talk about and Friday could crank the excitement even higher. The catalyst? Options worth billions of dollars are set to expire on Friday at 08:00 UTC on crypto exchange Deribit.

A total of 81,700 bitcoin options contracts, representing approximately $6.44 billion in notional value, will cease to exist, according to data source Deribit Metrics. One options contract represents 1 full BTC.

The total comprises 44,639 call contracts and 37,061 put contracts, resulting in a put-to-call ratio of 0.83, which points to bullish positioning in the market.

A massive $6.4 billion bitcoin options expiry on F

ECB policymakers eyeing a September rate hike to counter spillovers from the Iran conflict. But the appetite for aggressive tightening beyond that? Pretty muted. Markets hate uncertainty, and geopolit

$EGLD — MultiversX continues to attract speculative market interest. $FLOW — Flow remains active among gaming and Web3 traders. $SAND — The Sandbox continues to see metaverse-related trading activity.

According to Beating AI news, the surging demand for AI computing power is continuously driving up the prices of storage chips, with upstream cost pressures beginning to transmit to consumer electroni

AI Computing Power Strains Memory Supply Chain; Tech Giants Like Amazon Raise Prices Amid Ongoing Me

Trending Token Price Prediction ChallengeHTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500UCEO Managing Millions of Dollars Speaks Out on Bitcoin’s Rise: “The Dollar Has No Bott

CEO Managing Millions of Dollars Speaks Out on Bitcoin’s Rise: “The Dollar Has No Bottom, but Bitcoin Has No Top”Anthony Pompliano, Chairman and CEO of ProCap Financial, assessed the key factors behind the recent rally observed in the cryptocurrency market. Pompliano, a leading figure in the crypto asset ecosystem, argued that macroeconomic factors, monetary policies, and changes in global cash flow are behind the upward trend.

According to Pompliano, Bitcoin is the financial asset most sensitive to the ongoing global money printing and currency devaluation. Central banks, particularly in the United States, are reportedly taking monetary expansion steps to address debt burdens and budget deficits, leading investors towards assets with limited supply. This situation makes Bitcoin, with its fixed supply of 21 million, stand out as a digital store of value.

It is stated that the increase in market liquidity, as well as the interest of institutional investors, has accelerated the rise. The entry of traditional financial institutions into the market through spot Bitcoin ETFs and direct treasury strategies increases demand pressure on the limited supply, creating an upward mechanism in price formation.

Pompliano said, “As long as they keep printing money, Bitcoin will continue to rise in the long term,” and added:

“There’s a saying, ‘Since the dollar has no bottom, Bitcoin has no top either.’ I think people have been reminded of that again

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