Year: 2024

BlackRock Recommends 2% Bitcoin (BTC) Portfolio Allocation

Vortex Cryptonews

BlackRock’s iShares Bitcoin Trust (IBIT) has grown to $53.8 billion in net assets under management, surpassing their Gold ETF in less than a year of operation. The investment firm cautioned clients not to surpass 2% in Bitcoin allocation to traditional portfolios to avoid higher risks. BlackRock Inc. (NYSE: BLK), the world’s largest asset manager with more than $11.5 trillion in assets under management (AUM), has had a huge success with its adoption strategy. The New York-based investment firm has made a name in the cryptocurrency industry through its iShares Bitcoin…

Bitcoin ETFs See Historic $693M Inflow, Poised to Surpass Satoshi Nakamoto’s Holdings

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Yesterday, US Bitcoin ETFs recorded $675.97 million in inflows, marking the fourth consecutive day of strong inflows. As of December 3, spot Bitcoin ETFs collectively hold 1.083 million BTC, nearing Satoshi Nakamoto’s estimated 1.096 million BTC holdings. Despite the impression inflows, daily trading volumes for Bitcoin ETFs dropped to $2.93 billion, down from $3.91 billion the previous day . On December 3, Bitcoin spot exchange-traded funds (ETFs) in the United States achieved another milestone, with inflows reaching an impressive $675.97 million in a single day. This marks a 90% increase…

Bernstein: Ethereum Staking Yield to Improve with Pro-crypto US President

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Ethereum ETF products may get staking approvals under the Trump administration. Global Ethereum ETF markets including Hong Kong also considering this product. Despite headwinds, Bernstein is convinced staking could enhance Ethereum’s appeal in the market. With ‘s inauguration in 2025, analysts at research and brokerage firm Bernstein believe staking yields might gain approval for spot Ethereum Exchange-traded Funds (ETFs) in the United States. Significantly, the incoming Trump administration is one of the four factors driving a resurgence of interest in Ethereum . The broader crypto market has a combined capitalization…

Ceffu and EOS Join Hands to Offer Advanced Custody and CeDeFi Solutions

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With Ceffu integration, EOS token holders can access innovative yield solutions designed specifically for institutional investors. EOS’s inclusion in the newly launched COIN50 Index highlights increasing institutional interest in the EOS ecosystem. EOS has implemented significant improvements to its tokenomics, including a $450 million staking rewards program. Ceffu, the institutional custody partner of , has recently joined hands with the EOS Network Foundation (ENF) to provide institutional-grade custodial services for EOS token holders, along with unlocking new CeDeFi opportunities. With its advanced custody infrastructure, Ceffu provides institutions with a secure…

Binance Labs Joins Perena $3M Pre-Seed Round to Boost Stablecoin Adoption

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Perena intends to make strategic hirings to build Solana-based infrastructure to enable mainstream adoption of stablecoins. The Perena team led by Anna Yuan has been betting on the exponential adoption of the stablecoins industry. Perena, a startup building the foundational infrastructure to solve critical challenges in the stablecoin industry, has closed its pre-seed funding round led by Borderless Capital. According to , Perena attracted more institutional investors including Binance Labs, MitonC Fund, Maelstrom Fund, Breed VC, and ABCDE Labs, among others. Anna Yuan, former stablecoin lead on the Solana Foundation…

BlackRock, MARA Accumulate Nearly 10,000 BTC as Bitcoin Price Dips Below $100K

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BlackRock and MARA bought over 9,000 Bitcoin amid price dip. Institutions hold 2.66% of Bitcoin’s total supply. Despite recently experiencing a dip, Bitcoin has continued to draw interest from major institutions like BlackRock and MARA Holdings. The latest reports show that, between December 5 and 6, the giants , MARA Holdings, alongside a yet-to-be-identified whale, collectively bought nearly 10,000 Bitcoin, taking advantage of the price fall to $92,957. BlackRock and MARA Lead the Bitcoin Accumulation Frenzy BlackRock, the world’s largest asset manager, made the most notable BTC purchase after scooping…

Xlandeflux: The Leading Platform for Seamless Crypto-to-Crypto Trading

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Xlandeflux: The Premier Crypto-to-Crypto Exchange for Seamless Global Trading In the dynamic and ever-changing world of cryptocurrency, selecting a trusted and efficient exchange is paramount to achieving trading success. Xlandeflux has emerged as one of the most reliable and sought-after platforms in the crypto industry, providing seamless crypto-to-crypto trading with a focus on security, speed, and a superior user experience. Operating across 53 countries, Xlandeflux caters to both seasoned traders and newcomers, empowering them to trade confidently in an increasingly digital world. Why Xlandeflux is the Top Choice for Crypto…

Binance Sparks Triple-Digit Surges with New Listings of ACX and ORCA Tokens

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Binance listed Across Protocol (ACX) and Orca (ORCA), boosting their visibility in the market. Both tokens carry Binance’s “Seed Tag,” noting their high volatility and associated trading risks. ACX surged 131%, while ORCA rose over 90% in the past 24 hours. On Friday, leading cryptocurrency exchange Binance the addition of two tokens, Across Protocol and Orca , to its platform. The listing news sent the prices of both tokens skyrocketing by triple-digit percentages within just an hour of the announcement. The tokens will be available for trading on December 6…

Bitcoin Price Can Surge to $100K Soon as Profit-Booking Cools Down

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Glassnode data reveals a 42% decline in daily realized profits for Bitcoin, now at $277 million per day, from the November peak of $481 million. Institutional buying continues as MicroStrategy and MARA Holdings make significant Bitcoin purchases. The Bitcoin community is looking forward to Microsoft’s upcoming shareholder vote on adding Bitcoin to its balance sheet. After consolidating for some time around $96,000 levels, Bitcoin price is on an upward trajectory gaining 1.5% today, eyeing a move towards $100,000 and above. Over the past week, BTC price showed limited movement consolidating…

Aave Price above $300 for First Time since November 2021 Fueled by Robust Fundamentals

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Aave price has rallied more than 44 percent in the past week to trade above $300 for the first time since November 2021. The Aave protocol has registered a significant increase in borrowing activities on the Ethereum network. Amid the ongoing reawakening of the altcoin industry, led by large-cap crypto projects, Aave (AAVE), a mid-cap DeFi project, has registered palpable gains in the past few weeks. After rallying more than 44 percent last week, AAVE price surged around 6.9 percent in the past 24 hours to trade at about $383…