Regulation
Crypto News Today – July 15, 2024
Welcome to “Crypto News Today,” your daily digest of the crypto industry.
Bitcoin ETFs Surge Amid Price Recovery and Market Fluctuations
Bitcoin ETFs recorded their best weekly inflows since May, with $882 million in the week ending July 11. Bitcoin’s price has recovered to around $62,000, up 15% from its recent low, reflecting renewed investor interest and market optimism. Read all about it on the TDR website!
Bitcoin Outperforms Leveraged ETFs
Bitcoin’s price has outperformed risky leveraged ETFs like BITX and BITU, demonstrating the cryptocurrency’s relative stability in a volatile market. Investors are increasingly favoring direct Bitcoin holdings over complex financial products.
SEC Terminates Investigation into Hiro Systems
The SEC has concluded its three-year investigation into Stacks developer Hiro Systems without taking any enforcement action. This decision provides relief to the company and its stakeholders, potentially strengthening confidence in the Stacks ecosystem.
Genesis Transfers $760 Million in BTC to Coinbase
In the midst of a liquidation, Genesis advanced $760 million worth of bitcoin to Coinbase. The large transfer sparked speculation about the digital asset company’s potential trading or liquidity strategies.
JP Morgan-backed Partior closes $60M Series B
Partior, a blockchain company backed by JP Morgan, has successfully closed a $60 million Series B funding round. The funds will support Partior’s mission to streamline cross-border payments and improve blockchain-based financial solutions.
Cryptocurrency is becoming a major issue in 2024
Cryptocurrencies have become a key issue in the 2024 political landscape, with parties and candidates debating regulation, innovation, and the future of digital currencies. This trend underscores the growing importance of cryptocurrencies in economic and political discussions.
Read more cryptocurrency news on the TDR website!