Bitcoin Holdings of BlackRock, Fidelity, Others Revealed
SEC Commissioner Discusses Ether ETFs, Magic Eden Launches Token, OKX Recovers From Flash Crash, Shibarium Hits 300M Transactions
Welcome to Coinfeeds Daily Digest! Today, we cover the revelations about the amount of Bitcoin held by some of the world's largest financial institutions. It turns out that BlackRock holds 33,430 BTC, Fidelity holds 31,976 BTC, Bitwise has amassed 11,188 BTC, and Greyscale leads with 558,280 BTC in the wallet. SEC Commissioner "Crypto Mom" Hester Peirce said that Ethereum ETFs will likely be evaluated just like any ETF, without the need for court intervention, and the SEC itself has renewed its pursuit for Ripple's financial statements in an ongoing legal battle. Also, Magic Eden has launched a rewards token named 'NFT' designed for the incentivization of users in the marketplace, the Shibarium L2 has hit 300M transactions, and OKX stated it will be compensating users after its token OKB's flash crash.
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Here's How Much Bitcoin BlackRock, Fidelity, Bitwise, and Others Hold
Fidelity Investments has amassed 31,976 BTC, while BlackRock, the world's largest asset manager, holds 33,430 BTC. Bitwise Asset Management has a portfolio of 11,188 BTC, Franklin Templeton has acquired 1,276 BTC, and Grayscale Investments leads the pack with a staggering 558,280 BTC. | Read More
Magic Eden Launches 'NFT' Rewards Token
Magic Eden, a prominent player in the world of Non-Fungible Tokens (NFTs), is taking significant strides to enhance user engagement and decentralize its platform. The company is set to launch a new crypto token, aptly named 'NFT', which aims to reward users for their active participation within its ecosystem. | Read More
SEC Commissioner Hints at Smoother Path for Ethereum ETFs
Hester Peirce, often referred to as "Crypto Mom" for her supportive stance on cryptocurrencies, indicated that the SEC has garnered valuable insights from its experience with Bitcoin ETFs that could influence how it handles Ethereum ETF applications. | Read More
OKX Promises To Compensate Users Following OKB's Flash Crash
OKB, the token associated with the OKX exchange, experienced a dramatic fall in value, dropping by over 48% in just 15 minutes. In response to the flash crash and the resulting user losses, OKX has made a public commitment to compensate those affected. | Read More
SEC Renews Demand for Ripple's Financial Records
The SEC has stated in a recent court filing that obtaining Ripple's financial statements is "procedurally proper" and "relevant" to their investigation. The regulatory commission believes that these documents are necessary to determine the appropriate penalties should they win the case against Ripple. | Read More
Shiba Inu's Shibarium L2 Hits 300M Transactions
The crypto landscape is continuously evolving, and one of the latest developments is the success of Shibarium, Shiba Inu's Layer-2 scaling solution. Since its launch in August 2023, Shibarium has made significant strides, crossing a remarkable milestone of over 300 million transactions on the Ethereum mainnet. | Read More