Key Highlights Tokenised stocks are experiencing subdued market activity with negligible trading volumes, but discussions at TOKEN2049 point toward an impending shift in sentiment. Major cryptocurrency exchange Bitfinex is currently exploring the integration of tokenised equity assets to attract institutional market participants. Market participants are advised to monitor platform partnerships alongside regulatory and macroeconomic developments ...
Key Highlights U.S. spot Bitcoin ETFs recorded $148.7 million in net outflows on Wednesday, ending a nine-day inflow streak. ETF inflows totaled approximately $3.08 billion during the nine-day period but have slowed sharply since September 21. Bitfinex says daily ETF purchases may need to recover to roughly $190 million to absorb Bitcoin supply between $84,000 ...
Key Highlights Bitcoin demonstrated unexpected resilience, holding near $75,000 despite a Federal Reserve rate hike and the failure of the Clarity Act in the U.S. Senate. Market analysts indicate Bitcoin remains insulated from legislative setbacks, with derivatives traders having largely priced in the Senate’s rejection of the crypto bill. Bitfinex’s Jag Kooner notes the modest ...
Key Highlights The SEC is advancing regulatory initiatives independently while the Clarity Act remains stalled in Congress, per a Bitfinex announcement. Bitfinex warns the SEC’s proactive enforcement stance could heighten scrutiny on crypto exchanges and trading activities. Market participants face prolonged uncertainty as legislative clarity remains elusive, potentially driving volatility. SEC Accelerates Crypto Oversight Amid ...
Investor appetite for U.S.-listed spot bitcoin exchange-traded funds (ETFs) has surged in recent weeks, yet cumulative flows for 2024 remain deeply negative. Strong Summer Inflows Fail to Offset Spring Selloff Data from SoSoValue shows a dramatic turnaround in August, which attracted a massive $3.52 billion in fresh capital. Momentum carried into September, adding another $770.15 ...
Bitfinex has highlighted Bitcoin’s rising price correlation with gold as the market’s debasement trade narrative evolves. Analysts say Bitcoin is increasingly behaving like digital gold…