The approval of Bitcoin ETFs serves as a form of mainstream validation, but longtime Bitcoiner Paul Sztorc says the ecosystem still needs to think carefully about scaling.
The firm’s CEO, Chris Amani, says bankruptcy protections could help appeal the suit brought against it by the SEC, effectively eliminating “the single largest claim against it.”
Outflows from Grayscale’s Bitcoin fund slowed for the fifth day in a row, while Fidelity’s spot Bitcoin ETF saw one of its stronger inflow days since launch.
Switzerland and Germany were hit hardest during the most recent trading week but Canada has by far the largest outflows over the month, CoinShares’ data shows.
BTC price has seen $49,000 and $38,000 this month, but with a deluge of diary dates in the coming days, the stage is set for classic Bitcoin volatility.
Jupiter exchange volumes topped $480 million in the last 24 hours, with much of the volume being led by traders swapping stablecoins and flipping a new memecoin, Wen.