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Cryptocurrency News Today – July 15, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
Bitcoin ETFs surge amid price recovery, market fluctuations
Bitcoin ETFs have seen their best weekly inflows since May, with $882 million in the week ending July 11. Bitcoin’s price has recovered to around $62,000, up 15% from its recent low, reflecting renewed investor interest and market optimism. To learn more, visit the TDR website!
Bitcoin Surpasses Leveraged ETFs
Bitcoin’s price has outperformed risky leveraged ETFs like BITX and BITU, demonstrating the cryptocurrency’s relative stability in a volatile market. Investors are increasingly favoring direct Bitcoin holdings over complex financial products.
SEC Closes Investigation into Hiro Systems
The SEC has concluded its three-year investigation into Stacks developer Hiro Systems without taking any enforcement action. The move brings relief to the company and its shareholders, potentially increasing confidence in the Stacks ecosystem.
Genesis Transfers 760 Million BTC to Coinbase
Amid a market sell-off, Genesis advanced $760 million in Bitcoin to Coinbase. The large transfer has raised speculation about potential trading strategies or liquidity by the digital asset company.
JP Morgan-Backed Partior Closes $60M Series B
JP Morgan-backed blockchain firm Partior has successfully closed a $60 million Series B funding round. The funds will support Partior’s mission to simplify cross-border payments and advance blockchain-based financial solutions.
Cryptocurrencies Become The Theme of 2024
Cryptocurrencies have emerged as a key issue in the 2024 political landscape, with parties and candidates debating regulation, innovation, and the future of digital currencies. This trend underscores the growing importance of cryptocurrencies in economic and political discussions.
Read more cryptocurrency news on the TDR website!