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Grayscale Investments took a significant step toward going public on July 14 by submitting a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC).
Such filings usually signify a firm’s intent to conduct an initial public offering (IPO), making Grayscale the latest in a wave of crypto firms pursuing IPOs after the success of Circle’s recent public debut....
Spot Ethereum exchange-traded funds (ETFs) surpassed $5 billion in net inflows on July 11, just 12 trading days after crossing the $4 billion mark, according to Farside Investors data.
The milestone reflects a faster pace than the previous interval, when the products required 15 trading sessions to add the prior $1 billion. BlackRock’s iShares Ethereum Trust (ETHA) contributed a large portion of...
A consortium of Bitcoin-native investors is set to acquire SGA Co., Ltd., a KOSDAQ-listed software provider based in Seoul, according to a July 14 statement shared with CryptoSlate.
The investor group includes Sora Ventures, AsiaStrategy, Metaplanet CEO Simon Gerovich, and KCGI, a prominent Korean private equity firm specializing in governance-led growth.
This collective also played a prominent...
Vanguard, one of the world’s top asset managers, has become the largest institutional shareholder of Strategy, which is widely seen as a proxy for Bitcoin, despite previously labeling the crypto as speculative and lacking inherent value.
According to Bloomberg News, Vanguard now owns more than 20 million shares of Strategy, representing nearly 8% of the company’s Class A common stock.
The...
Strategy (formerly MicroStrategy) said it purchased 4,225 Bitcoin for approximately $472.5 million between July 7 and 13, according to a July 14 statement with the US Securities and Exchange Commission (SEC).
The acquisition, made at an average price of $111,827 per Bitcoin, brings the company’s total holdings to 601,550 BTC. These assets were acquired for $42.87 billion, at an average cost of $...
Binance, the world’s largest crypto exchange by trading volume, said it has processed more than $125 trillion worth of digital assets since its launch in 2017.
In a July 14 statement marking the platform’s eighth anniversary, Binance CEO Richard Teng highlighted its growth and pivotal role in shaping the crypto market.
He said the exchange has handled an average of 217 million spot and futures...
The following is a guest post and opinion from Manouk Termaaten, Founder and CEO of Vertical Studio AI.
In his debut novel Player Piano, the American author Kurt Vonnegut writes of a dystopia in which automation has taken all of the jobs—even the jobs of barbers. The novel makes clear where the author stands on machines and their effect on jobs.
More than 70 years after the book’s publication,...
Aave, the DeFi protocol known for its borrowing and lending services, has hit a key milestone, surpassing $50 billion in net deposits.
This achievement positions Aave as the largest DeFi protocol, with a total value locked (TVL) nearly double that of its closest competitor, Lido.
According to recent data from the Federal Reserve, Aave’s current deposit volume would rank 47th among US-chartered...
BlackRock’s spot Bitcoin exchange-traded fund (ETF) is on track to surpass $100 billion in assets this month, according to Bloomberg ETF analyst Eric Balchunas.
In a June 14 post on X, Balchunas noted that while he previously projected the fund, IBIT, could hit the $100 billion mark this summer, it could happen even sooner. He highlighted that the ETF has already reached $88 billion in assets...
Bitcoin has outpaced traditional benchmarks since 2020, registering gains exceeding 1,500%, while gold advanced roughly 115% and the U.S. Dollar Index remained nearly flat.
The divergence in asset performance reflects a period of monetary expansion, persistent inflation concerns, and evolving perceptions of scarce, non-sovereign assets as institutional investors and sovereign entities re-evaluate...