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China Returns As Third Largest BTC Mining Hub With 14% Share: Reuters

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Bitcoin BTC$87,267.39 mining is seeing a significant revival in China, although the activity was formally banned in 2021, according to Reuters. After all but disappearing from the global landscape, China has climbed back into third position with an estimated 14% share of global mining in October, according to the Hashrate Index. This resurgence is driven […]

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Animoca Brands wins initial approval to run regulated fund in Abu Dhabi’s ADGM

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Web3 investment and infrastructure firm Animoca Brands won in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), the company said on Monday. Final approval would allow Animoca Brands to manage collective investment funds from ADGM, helping it strengthen its institutional footprint in the Middle East. Animoca already has a presence in

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Grayscale Dogecoin, XRP Trusts Go Live, Cleanspark Earnings: Crypto Week Ahead

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Grayscale’s Dogecoin Trust ETF (GDOG) and XRP Trust ETF (GXRP) are set to debut later Monday, with the underlying tokens heading for their worst months since February along with the rest of the crypto market. The CoinDesk 20 index (CD20) has lost 23% since the start of November. ETF flows in the month reflect the

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Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report

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Thailand-based digital asset exchange Bitkub is considering an initial public offering (IPO) in Hong Kong, people familiar with the matter told Bloomberg. The exchange could look to raise about $200 million from the IPO, possibly next year, the sources said, adding that discussions are ongoing and details could still change. Founded in 2018, Bitkub previously

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$40B in ETF Volume Signals Institutional Capitulation

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The 11 US-listed spot bitcoin ETFs broke trading records last week, with cumulative volumes exceeding $40.32 billion, indicating likely institutional capitulation. BlackRock’s IBIT led the industry with $27.79 billion in trading volume, accounting for nearly 70% of the total, according to data source SoSoValue. On Friday alone, these funds recorded over $11.01 billion in trading

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ETF Outflows, Stablecoin Dips, DAT Reversals Signal Crypto Capital Flight

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Bitcoin’s fall to $84,000 is being driven less by mood and more by mechanics, according to Greg Cipolaro, Global head of research at NYDIG. In a report, Cipolaro said the core engines in the 2024-25 rally have been switched to reverse gear. Spot bitcoin ETFs, once the primary source of demand for the cycle, are

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