Bitcoin Plunges Below $41K as ‘Sell the Bitcoin ETF News’ Wins the Day
Despite sizable net inflows into the new spot ETFs, bitcoin is lower by more than 12% since the products began trading one week ago.Source
China’s Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ
Physical trading is most popular in China’s inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters.Source
Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder
The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.Source
Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum’s Experience: Report
The report by Singapore-based blockchain investment Spartan Group and Kyle Ellicott details how these auxiliary networks have drawn a page from the Ethereum blockchain’s playbook, and could spring up as demand grows for blockspace on Bitcoin.Source
Protocol Village: COTI Allocates $25M Ecosystem Fund as Part of Transition to Ethereum Layer-2
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 18-24.Source
Grayscale Bitcoin ETF Liquidity Provider Flowdesk Raises $50M Series B
Flowdesk will use the funding to grow its over-the-counter (OTC) offering, hiring new personnel and expand its regulatory coverage in Singapore and the U.S.Source
Crypto Crime Amounted to Over $24B in 2023: Chainalysis
The figure is nearly 40% less than that of 2022, however it is only provisional, Chainalysis stressed.Source
First Mover Americas: dYdX Beats Uniswap, Bitcoin Outlook Dour
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
BlackRock’s Bitcoin ETF Hits $1B AUM in One Week
IBIT’s holdings consist of 99% bitcoin, and nearly $60,000 in fiat, data shows.Source