Saturday, October 10

Business

Gen Z Turns to ETFs as Binance bStocks Gain Market Share

Gen Z traders on Binance are allocating a growing share of their equity activity to exchange-traded funds (ETFs), with the products accounting for 25% of the cohort’s trading volume in early August, according to Binance Research.ETFs accounted for 21.9% of…

JPMorgan Boosts Bitcoin, Ether ETF Positions in Q2

JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing. The Form 13F filing with the US Securities and Exchange…

Morgan Stanley’s BlackRock Bitcoin ETF Holdings Rise 23% in Q2

US investment banking giant Morgan Stanley reported larger crypto fund positions in the second quarter, led by an increase of more than 3 million shares in BlackRock’s Bitcoin exchange-traded fund (ETF).Morgan Stanley’s reported holdings in BlackRock’s iShares Bitcoin Trust ETF…

Bitcoin ETFs Rebound as Crypto Miners Extend AI Pivot

A $116 million hardware wallet exploit has reopened one of Bitcoin’s oldest debates: Is holding your own keys worth the risk? Days later, US spot Bitcoin ETFs recorded their strongest inflows since April, prompting Bloomberg analyst Eric Balchunas to wonder…

Bank Leumi to Offer BTC, ETH and SOL Trading with Galaxy

Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.The companies said Friday that customers of Leumi…

Bitcoin Slips From Weekly Close Target In Drop To ,500

Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next.Key points:Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs.Analysis says that $63,220 must be…

Solana’s Fee Overhaul Increases Burn and Makes Resource Hogs Pay

Solana is preparing to change how it charges for computing resources on the network.Solana Improvement Document (SIMD-0553) would make its most resource-intensive users pay more while cutting the costs for simpler transactions. As a bonus, it would increase SOL’s burn…

Bitcoin Eyes New August Lows As Binance Longs Face A ‘Cleanout’

Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming.Key points:Bitcoin long positions face multiple threats as BTC price action heads toward new August lows, analyst warns.The correlation between Binance open interest…

ECB Finds Crypto Payment Acceptance Below 1% in Euro Area

Crypto remains a marginal payment option among euro area businesses even as other forms of digital payments gain ground, according to a new European Central Bank (ECB) report.Just 0.2% of companies selling goods and services online accept crypto assets, the…

NUSD Redemptions Paused as Neutrl Reviews Reserves

Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol reserves, leaving the cause and scale of any potential impairment unclear. On Thursday, Neutrl said it had also paused other protocol…

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