Citi Upgrades Coinbase Shares to Buy from Neutral
Citi believes that crypto exchange Coinbase could see benefits from a better regulatory climate in the US.
Spot Ethereum ETFs Generate $1B in Trading Volume on Their First Day
On their first day of trading, spot Ether exchange-traded funds listed in the United States generated roughly $1.08 billion in trading volume, approximately 23% of the amount seen by spot Bitcoin ETFs on their opening day.
Crypto Custodian Hex Trust Obtains In-principle Approval from Singapore’s Regulator
Crypto custodian Hex Trust has announced that the Monetary Authority of Singapore (MAS) has given them in-principle approval for a Major Payment Institution license.
HKX Leaves Hong Kong
HKX has recently joined the growing number of exchanges that have chosen to withdraw their license applications from the Hong Kong Securities and Futures Commission (SFC).
Swan Bitcoin Postpones its IPO
Cory Klippsten, the current CEO of Swan Bitcoin, recently revealed that the company will no longer be pursuing an initial public offering in the near future due to the shutdown of its mining operations.
BlackRock’s Bitcoin ETF Receives $526M
On Monday, Farside Investors reported that BlackRock’s iShares Bitcoin Trust (IBIT) brought in a total of $526.7 million from investors.
JPMorgan: The Crypto Rally Will Not Probably Last
According to JPMorgan analysts, the current rally in cryptocurrency prices is a short-term strategy.
