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Spot Volumes Rise on Centralized Exchanges but Traffic Falls Further, Report


Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which also tracks its geographical distribution. Spot...

US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins


On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally came from James Zhong’s Silk Road hack. In March, the Department of Justice also moved a similar amount of bitcoins associated with Silk Road....

Sui Chung of CF Benchmarks Confident in Approval of Spot Bitcoin ETF by SEC


Sui Chung, CEO of the crypto index provider CF Benchmarks, says he is “very optimistic” about the US Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF). “We are very optimistic that approval will be granted by the SEC because the SEC has consistently...

YouTuber’s Across The Spider-Verse Cosplay Has Working Portals


YouTuber JLaservideo managed to create a Spider-Man: Across the Spider-Verse cosplay with operational “portals” with a couple of tubes and a good paint job, he explained in a recent TikTok. It resulted in a Spot costume that looks as good as it is functional.Read more

Volatility Shares Co-Founder: Spot Bitcoin ETF Will Attract New Investors


A spot Bitcoin (BTC) exchange-traded-funds (ETF) could mark a new phase of institutional investors entering the crypto market. Justin Young, co-founder and president of Volatility Shares, has said that investors seeking exposure to Bitcoin are searching for the "easiest and most regulated way"...

Crypto Exchange Volumes Plummet: Spot Trading takes a hit


The sudden and quick rise in the value of Bitcoin due to ETF investments has not been accompanied by a similar increase in trading volumes. The seven-day average for crypto exchange daily activities decreased from $19.4 billion on June 27 to $14.2 billion on July 8, according to data from The Block...

JP Morgan Cast Doubts On The Possible Effects of A Spot BTC ETF


Financial giant, JP Morgan believes that an approval of a spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC) will not significantly affect the price and adoption of the asset. In a new report, the bank opined that while the community lauds the remarkable progress made by firms...

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