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news-imageNovember 1, 2024

This Week in Crypto: Bitcoin ETFs Hit 1 Million BTC, Tether Reports Record Q3 Profit, Polymarket Under Fire

This week, BeInCrypto noted strong investor interest in key events: Bitcoin ETFs crossing the 1 million BTC mark, insider trading allegations involving MrBeast, and suspected manipulation on Polymarket related to Trump.
Publisher: BeInCrypto
Sentiment: Neutral
BTC
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Positive
cover-imageUToday
January 2, 2025

BlackRock's Bitcoin ETF Makes Top 3 Global ETF List

In a ranking of the top 20 exchange-traded funds (ETFs) in 2024, BlackRock's spot Bitcoin ETF, IBIT, came in third. In a post shared by Eric Balchunas, Bloomberg's senior ETF analyst on X, IBIT made the top three cut with a total flow of $37 billion.

Positive
cover-imageThe Currency Analytics
January 2, 2025

Bitcoin Could Reach $250,000, Says CoinShares Head of Research

James Butterfill, the Head of Research at digital asset manager CoinShares, has made an intriguing prediction about the future price of Bitcoin (BTC). In a recent interview with CNBC, Butterfill suggested that Bitcoin could eventually reach $250,000—a more than 166% increase from its current price.

Negative
cover-imageCrypto Economy
January 2, 2025

Tether Market Cap Slips Amid MiCA Compliance Concerns

TL;DR Tether (USDT) has suffered a drop of more than 1% in its market capitalization due to the implementation of MiCA regulation in the European Union. Several European exchanges have removed USDT from their offerings. However, the impact is mitigated by Tether's strong presence in markets outside the EU.

Positive
cover-imageBenzinga
January 2, 2025

Bitcoin, Ethereum Spike 4% While XRP Surges 11% To Become Top 3 Crypto

Cryptocurrency markets are surging on the first official trading day of 2025, with the top three coins by market capitalization up between 4% and 11% before U.S. markets open. CRYPTOCURRENCY PRICE 24-HOUR GAINS +/- Bitcoin (CRYPTO: BTC) $96,595 +3.4% Ethereum (CRYPTO: ETH) $3,462 +4.0% XRP (CRYPTO: XRP) $2.40 +10.8% What Happened: XRP has overtaken Tether (CRYPTO: USDT) to become the third-biggest cryptocurrency by market capitalization, surging to $138 billion at the time of writing.

Neutral
cover-imageUToday
January 2, 2025

Adam Back Confirms He Did Not Own Any Bitcoin (BTC) Before 2013

Adam Back, a big figure in the world of cryptography and blockchain, recently shared something interesting: He did not own any Bitcoin (BTC) until 2013. Famous for inventing Hashcash in 1997, a proof-of-work algorithm designed to combat spam and denial-of-service attacks, Back's influence extends deeply into the development of modern blockchain systems.

Positive
cover-imageCrypto Daily
January 2, 2025

Bitcoin ($BTC) Price Surges: $100,000 or Crash?

When everyone thought that Bitcoin was going to take another dip, the opposite happened, as Bitcoin continues its recovery from $91,000. Can the bulls send the $BTC price past $100,000, or will we see a return to the ascending trendline that stretches all the way from 2021?

Positive
cover-imageThe Currency Analytics
January 2, 2025

Could the U.S. Government Buy 500,000 Bitcoin? Here's What Experts Are Saying

Anthony Scaramucci, the founder of Sky Bridge Capital, made waves by discussing the possibility of the U.S. government purchasing a massive amount of Bitcoin as part of a “strategic Bitcoin reserve.” This idea, while still speculative, is gaining traction in some political circles, and experts are now asking: could the U.S. really buy 500,000 Bitcoin?

Positive
cover-imageBitcoinist
January 2, 2025

Bitcoin In Swiss Reserves? Proposal Filed By Swiss Chancellery

A group cryptocurrency advocates in Switzerland has urged the government to consider the addition of Bitcoin in the national reserve. The Swiss Federal Chancellery initiated the process to gain the required number of signatures to push for the amendment of the country's constitution to allow the Swiss National Bank to build Bitcoin holdings.

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