Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores the growing institutional interest in bitcoin, even amid market fluctuations. Capula’s step highlights…
Capula Management, Europe’s fourth-largest hedge fund, has invested approximately $500 million in Bitcoin exchange-traded funds (ETFs) issued by BlackRock and Fidelity, according to a new filing. The prominent British fund, overseeing around $30 billion worth of assets under management (AUM), holds over 4 million shares in the Fidelity Wise Origin Bitcoin ETF (FBTC), worth around…
Just as Ethereum and Shiba Inu have been capturing headlines among big-time crypto enthusiasts, a new player is entering the arena of decentralized finance: RCO Finance (RCOF). Analysts observing its resemblance to the Shiba Inu (SHIB) pattern predict that this small-cap Ethereum project could surge by 63%. RCO FInance is on the verge of displaying…
TL;DR Ripple’s XRP dropped to $0.43 on August 5 but rebounded by 15% the following day, surpassing $0.50. Some analysts see the correction as an opportunity, with optimism about XRP’s future potential despite recent volatility. Back on the Green Track The cryptocurrency sector experienced a severe correction on August 5, which affected Ripple’s XRP. Its…
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand its operations…
After experiencing its worst crash in a few years, bitcoin’s price has bounced off, and the asset has recovered over six grand in the past 18 hours or so. The alternative coins have followed suit with even more impressive gains today, and the total crypto market cap has added more than $200 billion since yesterday’s…
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining AI with physical atmospheric processes, researchers have developed a hybrid modeling approach that provides more…
A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to Coingecko, forecasts that crypto trading volumes in the region will reach $7.82 trillion in 2024, with Brazil and Chile being the…
A recent report by Galaxy Research has raised concerns about the long-term sustainability of Bitcoin Layer-2 (L2) scaling solutions, particularly rollups, which have gained popularity as a means to keep transactions cheap, fast, and decentralized. Despite the initial promise, the report suggests that these solutions may face economic challenges due to the inherent limitations and…
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The key question is the extent of this cut. According to CME’s…