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JPMorgan says GBTC outflows ‘continue to slow’
JPMorgan says GBTC outflows ‘continue to slow’

The hype around bitcoin ETFs is fading, analysts noted

Blockworks·2024/01/30 04:08
Republican French Hill says he's optimistic about prospect for new crypto legislation in 2024
Republican French Hill says he's optimistic about prospect for new crypto legislation in 2024

Quick Take: At an event on Monday hosted by the Foundation for Defense Democracies, the Arkansas Republican spoke about the Clarity for Payment Stablecoins Act and the Financial Innovation and Technology for the 21st Century Act, both of which advanced out of the House Financial Services Committee last year. Rep. French Hill also told reporters he is open to listen to Sens. Sherrod Brown, D-Ohio, and Sen. Elizabeth Warren, D-Mass., on their illicit finance concerns.

The Block·2024/01/30 03:28
TD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026
TD Cowen expects spot Ethereum ETF no earlier than 2025 or 2026

May 2024 approvals may be unlikely due to Gary Gensler's political career.

Crypto Slate·2024/01/30 02:40
Bitcoin surges to $43k as ETF inflows outpace sell pressure
Bitcoin surges to $43k as ETF inflows outpace sell pressure

Early trading data from Bloomberg revealed that iShares Bitcoin Trust (IBIT) had surpassed GBTC in trading volume, indicating a resurgence in investor confidence.

Crypto Slate·2024/01/30 02:40
Flash
08:15
Chinese girl at SpaceX goes viral! Six years from rocket novice to Raptor Flight Operator
Glonhui June 16|According to QbitAI, a Chinese-American female engineer under Musk has gone viral these past two days. A scene from the Starship third anniversary documentary made countless people remember her: in front of the mission control console, she wore braided hair, a headset with a microphone, focused intently on the screen. Immediately, various rumors about her spread rapidly: some claimed she was only 27 years old and had a master’s degree in engineering; others said she held the life-and-death authority to terminate Starship launches; some even said that thanks to substantial SpaceX shares, she would become a multimillionaire with this IPO. Subsequently, the engineer—dubbed “Starship Queen” by netizens—personally clarified: first, her name is Tina Li, not any of the versions circulating online; second, she’s not a graduate with a master’s or doctorate, but just an undergraduate from Stanford University. In fact, when she first joined the company, she was a complete novice in hardcore fields like fluid dynamics and propulsion. She is one of many Raptor flight operators for Starship since the second test flight. Prior to this, she had written control software for the vehicle, and acted as a stage software operator during the first flight. However, while Tina clarified her name, position, and education, she didn’t mention anything about money. The reason for her sudden fame is largely because she happened to catch SpaceX’s historic wealth creation moment. According to US media reports, over 4,400 current and former employees are expected to become millionaires thanks to this IPO, with around 400 people worth over $100 million.
08:12
DAX Index Remains Flat as Market Focuses on US-Iran Agreement and Central Bank Meetings
The DAX 40 index traded sideways near 24,900 on Tuesday, maintaining levels seen since early June. The market is cautiously optimistic about a potential US-Iran peace agreement and is awaiting key central bank meetings, including the Federal Reserve.The US-Iran memorandum of understanding is expected to be formally signed on Friday, which could pave the way for the earliest possible reopening of the Strait of Hormuz this week; however, the full details of the agreement will be released later.GEA Group led the gains after Deutsche Bank upgraded its rating from neutral to buy and revised its target price from 70 euros to 64 euros. Industrial giant Rheinmetall rose 2%, while Qiagen, MTU Aero Engines, Siemens, and Airbus each climbed about 1%. Conversely, Brenntag shares fell over 2% after Deutsche Bank Research downgraded its rating from buy to hold and lowered the target price from 67 euros to 57 euros.
08:09
European natural gas prices continue to fluctuate as traders await details of the US-Iran agreement
(1) After posting the largest single-day drop in over two months, European natural gas prices continue to fluctuate as traders await the specific terms of the US-Iran related agreement. Following a 9% decline in benchmark natural gas futures on Monday, prices have alternated between small gains and losses during the day; the current price remains more than 30% higher than before the crisis erupted. (2) The volume of liquefied natural gas shipped to continental Europe remains lower than the same period last year, with the average monthly LNG shipments delivered to Northwest and Eastern Europe over the past 30 days down 20% year-on-year.
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