Cryptocurrency Live News & Updates : Harvard Reveals $116M Investment in BlackRock Bitcoin ETF
In a significant move, Harvard Management Company has reported a $116 million investment in BlackRock's iShares Bitcoin Trust, highlighting the growing trend of institutional adoption of bitcoin ETFs. This comes as total assets in U.S. spot bitcoin ETFs surge, driven by both retail and institutional investments. Meanwhile, Aerodrome Finance's token, AERO, surged over 25% following Coinbase's integration of decentralized exchange trading, marking a notable increase in trading volume. Additionally, Exodus has partnered with Superstate to tokenize its shares on Solana, aiming to enhance digital asset adoption. In Switzerland, Sui's token (SUI) saw a 4% rise as Sygnum Bank expanded its services for institutional clients, indicating a broader acceptance of blockchain technology among regulated financial institutions. Lastly, the launch of the satirical memecoin Solfart has captured attention, with its ambitious liquidity goals and unique marketing approach, positioning it as a potential contender in the memecoin space. Together, these developments reflect a dynamic and evolving landscape in the cryptocurrency market, with traditional finance increasingly intersecting with digital assets.
Harvard disclosed a $116 million stake in BlackRock's iShares Bitcoin Trust as of June 30, signaling increased institutional interest in spot bitcoin ETFs. Aerodrome Finance's AERO token surged over 25% in 24 hours, driven by Coinbase's DEX integration, resulting in a significant spike in trading volume. Exodus partners with Superstate to tokenize its shares on the Solana blockchain, aiming to enhance digital asset adoption and public capital markets. SUI's price increased to $3.82 after Sygnum Bank introduced custody and trading services for institutional clients, marking a significant expansion in regulated access to the blockchain. The satirical memecoin Solfart, created by crypto veterans Mark Zuckerfart and Fart McSatoshi, aims to build a $6 million liquidity pool, drawing attention with its humor and marketing strategies similar to Dogecoin and Bonk Inu. Shiba Inu's price has risen for three days, hitting $0.00001315, fueled by a significant 1,823% increase in its burn rate, although it still faces challenges like declining demand and underperformance in its layer-2 network, Shibarium. A negative net gamma exposure in the Deribit ether options market suggests a potential rally for ether (ETH) to $4,400, as dealers may be forced to buy to hedge their positions. The GLXU ETF offers enhanced exposure to Galaxy Digital, highlighting its role in crypto finance and investment banking, according to REX Financial's COO. Hyperliquid is testing a crucial resistance level at $42.24, which will determine its trend direction in the near future. A report by 10x Research reveals ongoing market challenges, including low volatility and seasonal weakness, as Trump's push for cryptocurrency access in 401(k) accounts stirs cautious sentiment. Bao Fan, founder of China Renaissance, has been released after his detention in February 2023, though he will no longer manage the company, which is focusing on expanding digital asset services. Foresight News reports that CrediX suffered a cyberattack on August 4, leading to a loss of $4.4 million. The platform's website has been offline since the incident, and its social media presence is currently inactive.
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