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Author: Zoe Mende

Robinhood’s Strategic Move: Acquiring Bitstamp to Expand Global Crypto Presence

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Robinhood has officially announced its agreement to acquire Bitstamp, a globally recognized cryptocurrency exchange. The acquisition is valued at approximately $200 million and is expected to be finalized in the first half of 2025. This strategic move will allow Robinhood to expand its crypto offerings and reach a wider international audience. Bitstamp’s extensive customer base across the EU, UK, US, and Asia will...

Bitstamp, Exchanges, Front page, News, Robinhood

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SEC Chair Gensler on Spot Ether ETF Launch: A Cautious Approach

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SEC Chair Gary Gensler suggests a delay in the launch of spot Ether ETFs. Gensler points out the need for more time for the disclosure process. The SEC approved 19b-4 filings for spot Ether ETFs on May 23. Gensler accuses crypto exchanges of engaging in activities not allowed for traditional exchanges. In a recent interview, Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), hinted that the launch...

ETF, Ethereum, Front page, Gensler, News

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Bitcoin Miners Face Post-Halving Challenges as Reserves Hit 14-Year Low

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Bitcoin miner reserves are at their lowest in 14 years, down 50% from all-time highs. The recent Bitcoin halving has significantly impacted miner profitability and reserves. Mining revenue has fallen by 42% in May, the first full month post-halving. Bitcoin production has decreased, with miners like Bitfarms reporting a 42% drop in production in May. The number of new Bitcoin addresses, miner revenue, transaction fees, and...

Bitcoin, Front page, News, Post-Halving

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BNB Hits All-Time High as Crypto Market Rebounds with Bitcoin ETFs Drawing $887 Million

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BNB, the native token of the Binance Smart Chain, reached a new all-time high on June 5, 2024. Bitcoin ETFs experienced their second-best day ever on June 4, with $887 million in inflows. The crypto market shows signs of recovery as both BNB and Bitcoin prices surge. In a significant turn of events for the crypto market, Binance Coin (BNB) reached an all-time high on June 5, 2024. This comes amidst a broader market...

Bitcoin, BNB, ETF, Front page, News

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Leveraged Ether ETFs Launch in the U.S.: A Deep Dive into the Impact and Implications

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Volatility Shares launches the first 2x leveraged Ether ETF in the U.S. on June 4, 2024. ProShares set to debut the ProShares Ultra Ether ETF (ETHT) and ProShares UltraShort Ether ETF (ETHD) on June 7, offering long and short exposure to Ether at 2x leverage. The launch of leveraged Ether ETFs indicates a growing appetite for crypto-lined ETFs among U.S. regulators. These products provide investors with new opportunities to...

ETF, Ethereum, Front page, News

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