Coins

Bitcoin Whales Bought 1% of Circulating BTC Supply in Past 4 Months

In brief Bitcoin whales holding 10-10,000 BTC accumulated 0.9% of the total supply over four months, including 30,000 BTC over the past 48 hours. Despite whale buying, large-scale profit-taking occurred with one whale offloading $9 billion worth of Bitcoin through Galaxy Digital. Whales are expanding beyond Bitcoin into Ethereum, Solana, and select memecoins while the…

Law and Order

Cboe BZX Seeks Regulatory Nod for Invesco Galaxy’s Solana ETF

In brief Cboe BZX has filed with the SEC to list the Invesco Galaxy Solana ETF, offering investors regulated access to Solana, including the potential to earn staking rewards. The filing argues Solana’s trading volume justifies approval without a futures market surveillance agreement, citing $2 billion in daily volume across major exchanges like Coinbase and…

Coinsmatic-network

Polygon Foundation Links Network Outage to ‘Validator Exit’

In brief Polygon’s consensus layer was knocked offline by a “validator exit.” The Polygon Foundation said it’s working to fully restore affected services. Polygon underwent a “technically complex” upgrade earlier this month. Ethereum scaling solution Polygon was disrupted for over an hour on Wednesday after a validator leaving the network triggered an unexpected bug.In a…

Markets

Bitcoin Holds Steady as Fed Leaves Interest Rate Intact

In brief Interest rates have remained between 4.25% and 4.50% since the last rate cut in December. The Federal Reserve’s has remained cautious amid unsettling inflation signs. Bitcoin has traded largely below $120,000 since reaching a record high near $123,000 earlier this year. Bitcoin ticked down only slightly after the U.S. central bank left the…

Coins

SEC Acknowledges BlackRock Staking Request for Ethereum ETF

In brief The SEC acknowledged a proposal to permit staking for BlackRock’s ETHA. The regulator has delayed its decision on similar proposals. Spot Ethereum ETF have generated $9.4 billion in net inflows since their debut. The U.S. Securities and Exchange Commission acknowledged Nasdaq’s proposal on Tuesday to accommodate staking for BlackRock’s spot Ethereum exchange-traded fund,…