Author: Vickie Helm

Vanguard Group will allow exchange-traded funds and mutual funds linked to bitcoin and cryptocurrencies to trade on its platform, reversing a long-standing policy that prohibited retail clients from accessing digital asset products through the company. Starting Tuesday, Vanguard Securities customers will be able to trade ETFs and mutual funds that hold certain cryptocurrencies, primarily Bitcoin and other cryptocurrencies, Bloomberg reports. The move marks a shift for the world’s second-largest asset manager, which has long argued that digital assets are too volatile and speculative for long-term portfolios. The decision comes in response to growing demand from both retail and institutional investors,…

A new element in the latest crypto sell-off (Bitcoin (BTC) fell more than $5,200, or nearly 7%, in just two hours on Monday) is the presence of institutional investors in the market. This represents “normal” money in the crypto system and tends to react normally to market fluctuations. Therefore, risk attitudes become normalized, with unintended consequences for cryptocurrencies, which have predictable boom-bust cycles. One is that the share of crypto enthusiasts is shrinking, making recovery difficult. Second, institutionalized risk management could lead to deeper coordination. Additionally, cryptocurrency adoption has stalled, which is influencing the bullish argument for this asset class.…

According to TheMinerMag, the Bitcoin mining industry is entering what is believed to be the deepest recession in its 15-year history, with even major publicly traded operators struggling to break even as mining revenues collapse and debt increases.In its latest report, TheMinerMag said miners are operating in the “toughest margin environment in history” as hash prices (revenue per unit of computing power) have fallen from an average of about $55/petahash/second (PH/s) in the third quarter to about $35/s (PH/s). The magazine characterizes this level as a structural low rather than a temporary dip.This deterioration followed a sharp correction in Bitcoin…

The company plans to launch the first spot LINK ETF in the U.S. this week. Grayscale plans to convert the existing LINK Trust into an ETF. LINK price remains under pressure as the bear market expands. Cryptocurrency markets were trading in the red on Monday, with the overall value of digital tokens down 5% from the previous day to $2.94 trillion. As the risk-off mood reigns, Grayscale Investments is preparing to debut the first spot Chainlink exchange-traded fund in the United States. ETF expert Nate Jealous expects the product to arrive this week, marking a significant milestone for Chainlink and…

South Korea is pushing to complete a new digital asset law by January after ruling and opposition lawmakers agreed on a stablecoin framework after months of stalled negotiations. summary South Korea’s ruling and opposition parties have agreed on a bank-led consortium model for issuing won stablecoins. Lawmakers have set a December 10 deadline for the government to introduce the bill, with the aim of passing it in January. Additional reforms will strengthen financial security rules, expand AML oversight, and support capital market transparency. Lawmakers met behind closed doors to resolve a central dispute over who can issue won-based stablecoins. According…

Important points Arthur Hayes has suggested that Tether is in the early stages of a large-scale interest rate trade, betting that the price of Bitcoin and gold will rise even though a Fed rate cut will hurt Treasury revenue. He argues that a significant decline in Bitcoin and gold positions could wipe out Tether’s stock. Share this article BitMEX co-founder Arthur Hayes claims that Tether is preparing for the upcoming Fed rate cut cycle by moving a larger percentage of its reserves into Bitcoin and gold.Hayes wrote in X on Saturday that Tether’s latest testimony suggests the company is bracing…

Open this photo in gallery:Bitcoin has been a market leader for a long time, so its recent struggles may suggest that the worst is not yet over for the market.Justin Tallis/AFP/Getty ImagesJohn Rapley is a contributing columnist for The Globe and Mail. He is a writer and scholar whose books include Why Empires Fall and Twilight of the Money Gods.The Federal Open Market Committee (FOMC) appeared to have a majority in favor of further easing after the influential New York Fed president gave a speech last week suggesting he supported further rate cuts. After weeks of turmoil, the stock market…

Deposits from large investors are driving currency inflows, pushing up the average deposit amount of BTC and ETH. The ongoing correction in Bitcoin is likely to get even worse in the coming weeks due to the current trends of traders and large investors. Analysts at cryptocurrency research firm CryptoQuant have discovered that BTC traders are transferring large amounts of their holdings to exchanges. Historically, large exchange deposits have preceded large-scale sales, while withdrawals from trading platforms indicate investors are moving assets into self-custody. In this situation of increasing BTC deposits, traders intend to continue selling digital assets even in the…

The big story in crypto news today is that the market has remained surprisingly calm, despite what could have been a much larger upheaval. BTC USD is still hovering around $90,000, and ETH USD continues to inch upwards. All this happened even after a sudden outage at the Chicago data center that temporarily froze trading screens around the world. Once the Chicago data center issue was resolved, the market rebounded sharply, and stocks rose further on hopes that the Fed might eventually cut interest rates. Somehow, BTC and ETH have barely flinched against USD all that time. Market capitalization 24…

important notesInstitutional investors drove ETH’s recovery with $291 million in net ETF deposits for the second consecutive session. Tom Lee-linked wallets accumulated $185.6 million worth of Ethereum this week, reinforcing bullish momentum across the market. Technical analysis shows a descending wedge pattern that predicts a 53% rally to $4,600 if the price sustains above $3,150. Ethereum Ethereum $3,043 24 hour volatility: 0.4% Market capitalization: $36.737 billion Vol. 24 hours: $2.019 billion Prices regained the $3,000 level on Friday, up 17% from the weekly low of $2,620 hit on Nov. 21. This recovery has been primarily driven by institutional capital flows,…