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FTX estate sells majority of GBTC holdings: Reports
FTX estate sells majority of GBTC holdings: Reports

Both Bloomberg and CoinDesk reported that the FTX estate has sold a majority of its GBTC shares

Blockworks·2024/01/22 23:49
FTX’s Alameda dismisses lawsuit against Grayscale
FTX’s Alameda dismisses lawsuit against Grayscale

The suit, filed back in March, lacked “merit” according to Grayscale

Blockworks·2024/01/22 23:49
Options on bitcoin ETFs could come soon, offering hedging tool for institutions
Options on bitcoin ETFs could come soon, offering hedging tool for institutions

The SEC said Friday it is set to seek public feedbacks on proposals by Cboe, Nasdaq and NYSE to list such financial instruments

Blockworks·2024/01/22 23:49
GBTC’s asset bleeding to blame for week of flat crypto product flows
GBTC’s asset bleeding to blame for week of flat crypto product flows

Crypto fund trading volumes amounted to $11.8 billion last week — roughly seven times the weekly average in 2023, according to CoinShares

Blockworks·2024/01/22 23:49
xAI Investment Figures Denied by Elon Musk
xAI Investment Figures Denied by Elon Musk

A Bloomberg report on xAI’s financial backers has been disparaged by the founder.

Cryptopotato·2024/01/22 22:55
FTX Responsible For Nearly $1 Billion Of GBTC Outflows: Report
FTX Responsible For Nearly $1 Billion Of GBTC Outflows: Report

FTX has been dumping GBTC in recent weeks after its discount to BTC restored to parity.

Cryptopotato·2024/01/22 22:55
Is risk-off back? Bitcoin, ether dip ahead of next Fed meeting
Is risk-off back? Bitcoin, ether dip ahead of next Fed meeting

Bitcoin slipped below $40,000 for the first time in a month while ether lost 6% Monday

Blockworks·2024/01/22 22:52
Bitcoin slips to nearly retest $40K even as tech stocks roar
Bitcoin slips to nearly retest $40K even as tech stocks roar

Spot ETFs were anticlimactic for bitcoin’s price but ether holders likely aren’t complaining

Blockworks·2024/01/22 22:52
Flash
17:42
The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday was $682.8 million.
Jinse Finance reported that on June 18, the US Federal Reserve's overnight reverse repurchase agreement (RRP) had a usage scale of $682.8 million on Wednesday (by 16 counterparties), compared to $1.0721 billion on the previous trading day.
17:15
Economics professor: US-Iran peace agreement may alter the Federal Reserve's rate hike path
According to Golden Ten Data on June 18, Professor of Economics Phil Powell stated that the Federal Reserve is expected to keep interest rates unchanged at this meeting. Powell noted that prior to the peace agreement between Washington and Tehran, financial markets were concerned about further rises in inflation, with the inflation rate already exceeding 4% due to the surge in oil prices. In the coming months, the Federal Reserve is more likely to raise interest rates rather than cut them. However, the Iran peace agreement is undoubtedly very positive news; oil prices may therefore decline more than expected, which would reduce the likelihood of a rate hike in the short term. This decision is the first interest rate decision since Walsh took office as Federal Reserve Chairman. Markets may believe that the new Federal Reserve Chairman is more willing to cut interest rates than his predecessor, but facts have proven otherwise. The Federal Reserve's decisions are based on highly technical data and procedural considerations, not emotional decisions. As for the prospects of rate cuts, Powell said that because inflation must first decline, the Federal Reserve is unlikely to lower rates before the end of this year.
16:59
Morgan Stanley: The market has already "moved past" the impact of the Iran war
Morgan Stanley's Chief Investment Officer, Mike Wilson, stated that although the temporary agreement between the US and Iran to be signed this week sets aside many of the most difficult issues in this war, investors have already begun to look beyond the US-Iran conflict. "The market has already moved past this war." Although oil prices surged during the war, they never surpassed the peak set at the outbreak of the Russia-Ukraine conflict. "We have just figured out exactly how much supply is in the market."
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