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BlackRock Buys $500M in $ETH, Institutions Shift Toward Crypto

19 hours ago | fxdailyreport.com | Umair Younas

The cryptocurrency market is abuzz following a report from Arkham that BlackRock, the global investment giant, has acquired $500 million worth of Ethereum (ETH) over the past 10 days. The revelation, detailed in a post on X, highlights a significant influx into BlackRock’s Ethereum ETF (ETHA). The ETF has seen 9 consecutive days of inflows totaling over $492 million.
Ethereum Nears Breakout as Analysts Watch $2,800 Resistance

22 hours ago | fxdailyreport.com | Umair Younas

In a significant development for the cryptocurrency market, Ethereum (ETH) appears poised for a potential breakout, highlighting a breakthrough of a critical sell wall. Analysis suggests that if Ethereum sustains its upward momentum and breaches the current resistance, the next major sell wall lies at approximately $2,800.
UK FCA Proposes Lifting Ban on Crypto ETNs for Retail Investors

2 days ago | fxdailyreport.com | Umair Younas

The United Kingdom financial authority has recently made a positive development concerning crypto exchange-traded notes (cETNs). As per the Financial Conduct Authority (FCA) of the U.K., it has proposed the elimination of the ban on the retail investors accessing crypto exchange-traded notes (cETNs). On finalization, this development could underscore a critical shift in the retail investors’ access to crypto investment products in UK.
Metaplanet Unveils Asia’s Biggest Bitcoin-Centered Equity Raise

2 days ago | fxdailyreport.com | Umair Younas

Metaplanet, a renowned Japanese platform, has recently gained massive attention for making a noteworthy move in Bitcoin ($BTC) adoption. As per Simon Gerovich, Metaplanet’s CEO, the platform is launching a landmark equity raise, accounting for up to ¥770.9, denoting the biggest-ever equity raise within the Asian continent. The executive took to his official social media account on X to announce this significant development.
Bitcoin Faces Resistance as Long-Term Holders Lock $1 billion in Profits

2 days ago | fxdailyreport.com | Umair Younas

Bitcoin ($BTC) has recently experienced a profit-taking spree among the long-term holders. As per the data from Glassnode, following Bitcoin’s rally to its new ATH of $111.8K, long-term holders have locked a huge amount of more than $1B in daily profits over past week. The blockchain data intelligence firm discussed this aggressive profit-taking among Bitcoin ($BTC) holders in a recent report.
Circle Debuts on New York Stock Exchange with Ticker '$CRCL'

3 days ago | fxdailyreport.com | Umair Younas

Circle, a famous blockchain-led financial tech platform backing the prominent stablecoin USD Coin ($USDC), has formally gone public. As per Jeremy Allaire, the CEO and co-founder of Circle, the company is now public on New York Stock Exchange (NYSE), and $CRCL is its ticker symbol. The executive shared this exclusive news on his official social media account. Circle Becomes Public Company with NYSE ListingCircle’s listing on NYSE marks a key milestone in the company’s twelve-year journey.
Velora Launches $VLR Trading Campaign to Expand Cross-Chain DeFi

3 days ago | fxdailyreport.com | Umair Younas

Velora, DEX and DeFi aggregator that rebranded from the previous title of ParaSwap, has announced an exclusive staking and governance token. According to Velora, the platform is unveiling the $VLR token to start a new chapter in its advancement strategy. The company revealed this initiative in a recent X post.
MoonPay Acquires BitLicense to Operate Accross U.S.

3 days ago | fxdailyreport.com | Umair Younas

MoonPay, a renowned crypto payment platform entity, has secured a new license to expand its operations. As per MoonPay, the New York State Department (NYDFS) has granted it the prestigious BitLicense to operate throughout all the fifty U.S. states while facing no restrictions. The platform disclosed this landmark achievement in a recent X post.
21Shares Rolls Out Regulated Hedera ETP for Real-World Utility

5 days ago | fxdailyreport.com | Umair Younas

21Shares, a top platform issuing exchange-traded products supported by crypto assets, has announced a new ETP. As per 21Shares, it is launching 21Shares Hedera ETP ($HDRA), integrating enterprise-level distributed ledger technology into conventional financial markets. The platform took to its official X account to reveal this exclusive ETP launch.
Ripple Gets Regulatory Approval in Dubai for ‘$RLUSD’ Stablecoin

5 days ago | fxdailyreport.com | Umair Younas

Ripple, a prominent blockchain-based cryptocurrency payment platform, has recently announced a landmark regulatory development. As per Ripple’s team, the platform has obtained regulatory approval from the Dubai Financial Services Authority for its institutional-level $RLUSD stablecoin. The platform disclosed this development in a recent press release.