Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto

Cathie Wood's Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week. As the price of Bitcoin returned to more than $32,000 this week, some major firms announced they had increased their exposure to cryptocurrencies through Grayscale’s crypto trusts.According to a Friday filing with the US Securities and Exchange Commission, or SEC, New York-based investment firm Edge Wealth Management currently holds 54,134 shares of Grayscale’s Bitcoin Trust (GBTC), valued at $27.13 at the time of publication, and 25,280 shares of the company’s Ethereum Trust (ETHE).

Cathie Wood’s ARK Invest Adds 450,000 Shares of Grayscale’s Bitcoin Trust

Investment management firm ARK Invest is adding additional exposure to Bitcoin through the Grayscale Bitcoin Trust.

Sam Bankman-Fried: Why I Bought Back Binance's Shares in FTX

FTX bought out Binance's shares in its company, ending their investment relationship.

Cathie Wood’s Ark Invest Sinks Another $10.8 Million Into Grayscale’s Bitcoin Trust

Ark Invest has now bought another $10.8 million worth of shares in Grayscale’s Bitcoin Trust.

Crypto mining firm Argo Blockchain files for US IPO

The company has been publicly traded on the London Stock Exchange since 2018. Argo Blockchain, a UK publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States.According to a confidential draft registration statement filed Tuesday with the US Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021.

$1,700,000,000 Investment Firm Bolsters Holdings in Grayscale Bitcoin and Ethereum Trusts

Asset management firm Rothschild Investment Corporation reveals in a filing that it bought tens of thousands of shares of Grayscale’s products in the last quarter.

Bought the Dip? Cathie Wood’s ARK Invest Purchased 450,000 GBTC Shares in Two Days

Cathie Wood's ARK Invest has purchased $13 million worth of GBTC shares and $43 million in COIN stocks in the past two days alone.

ARK Invest Buys Another $10.8M in Grayscale’s Bitcoin Trust

Cathie Wood doubles down on Bitcoin-focused stocks as ARK Invest snaps more shares in Coinbase and Grayscale’s Bitcoin Trust.

Sunday's GBTC unlock held more shares than the remaining events combined

Even if unlocking events were able to directly spark Bitcoin sell-offs, the worst is easily over, data shows. Bitcoin (BTC) is rebounding despite the ongoing Grayscale Bitcoin Trust (GBTC) unlocking events — and most shares are already released.According to data from tracking resource Bybt, the remaining unlockings combined involve fewer shares than those which were released on just one day last weekend.Putting an end to GBTC "FUD"July 18 saw around 16,240 BTC worth of GBTC shares end their six-month lock-up period.

Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April

Rothschild Investment Corp has bought more Bitcoin and Ethereum exposure via Grayscale despite the ongoing crypto market retreat. Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show.In a filing with the United States' Securities and Exchange Commission (SEC) on July 17, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC shares near 150,000A quiet but nonetheless substantial player among institutions, Rothchild Investment Corp has also invested in Grayscale's Ether (ETH) equivalent, the Grayscale Ethereum Trust.Its exposure to Bitcoin has increased considerably this year, the filing shows — in April, its GBTC shares totaled 38,346.In BTC terms, with each GBTC share equal to 0.000939767 BTC, Rothschild thus has an equivalent Bitcoin exposure of 132.8 BTC ($3.94 million).The data implies that declining prices have not fazed executives, Bitcoin maintaining a drawdown for three months after hitting its all-time highs of $64,500 in mid May.As Grayscale CEO Michael Sonnenshein noted this week, institutional players are likely taking little notice of short-term price moves, instead concentrating on a much lower-time-preference strategy when it comes to cryptocurrency."Investors in this asset class are really not focused on...

ARK Invest Buys Another $54M in Bitcoin-adjacent Square Stock

Cathie Wood’s Ark Invest has boosted its portfolio with another batch of shares of Square Inc., worth nearly $53.7 million. 

Cathie Wood-led ARK Invest Purchases Another $54M Shares in Square

The Ark investment has placed a strong bet on the US version of the online payment provider Square, which bought another total of about 226,000 shares of the Square (SQ) at a cost of about $54 million.

Bitcoin Struggling Around $31K Following Lowest Weekly Close of 2021 (Market Watch)

Bitcoin has registered its lowest weekly close shortly after GBTC saw the most substantial unlocking of shares worth roughly $500 million.

41,000 Bitcoin Transferred to Coinbase Pro In One Hour: Should You be Worried?

After another week of consolidation for bitcoin, with a drawdown to $31k, investors look to the weekend for a sigh of relief as the GBTC shares unlock continues.

Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each

Swiss digital asset bank Sygnum is issuing NFTs representing fractionalized ownership in a Picasso painting.

Bitcoin Showing Signs of Potential Bounce: Crypto Analytics Firm Santiment

Prominent crypto analytics firm Santiment is revealing some potential signs that Bitcoin may be ready for a bounce up in price after weeks of sideways trading.  Santiment shares two metrics on Twitter with its 77,600 followers that suggest Bitcoin sellers are starting to lose steam.  “The amount of daily inflow of Bitcoin to known exchange […] The post Bitcoin Showing Signs of Potential Bounce: Crypto Analytics Firm Santiment appeared first on The Daily Hodl.

US Financial Giant Capital International Group Acquires 12.2% Equity in MicroStrategy

American financial services provider, Capital International Group, acquires 12.2% of the shares in MicroStrategy, leaping over the third-largest shareholder in the company.

Volatility Drops in Directionless Digital Asset Market – eToro Crypto Roundup

Will sideways trading give way to volatility as Grayscale shares unlock? A summer lull has descended on the digital asset market, as Bitcoin struggles to find clear direction amidst an ample supply of both bullish and bearish headlines.

Australian online broker SelfWealth to offer crypto trading

SelfWealth’s move into crypto investment falls in line with the company’s efforts to shift from a pure share trading platform to a “wealth creation platform.” SelfWealth, a share trading platform listed on the Australian Securities Exchange, is planning to offer cryptocurrency trading as part of its 2021 roadmap.On Monday, SelfWealth officially announced that the company will partner with an “established and secure cryptocurrency exchange” to offer crypto trading on its platform.“This is off the back of research we’ve done, including answers from many of you.

Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy

Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins.

Grayscale’s $550 Million GBTC Unlock: Analysts Question The Price Effects on Bitcoin

Grayscale's biggest single-day shares unlocking of 16,240 BTC is almost here.

New York, London, Beijing and 20 Crypto Jokes

Another fun cryptoweek! Circle decided to go public on the New York Stock Exchange, and with crypto market sentiment finally rising, Grayscale Bitcoin Trust's shares were about to be freed for sale bringing a discussion on what it’d mean for BTC price.

Capital International purchased $600M in MicroStrategy stock

MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million. Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock.In MicroStrategy’s filings to the US Securities and Exchange Commission, or SEC, for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares of its stock.

Sen. Toomey Called Out Proposed Crypto Rule, Then Bought Bitcoin and Ethereum Shares

He purchased over $1,000 each of Grayscale Ethereum Trust and Grayscale Bitcoin Trust shares.

First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%

A report on the firm's holdings to the SEC for Q2 2021 revealed the bank's trust division had 29,498 shares in Grayscale's Bitcoin Trust, worth more than $880,000. Illinois-based financial services company First Midwest Bank’s trust division has reported it held 29,498 shares of Grayscale’s Bitcoin Trust as of the second quarter of 2021. According to an institutional investment manager holdings report filed by the First Midwest Bank Trust Division to the US Securities and Exchange Commission, the company increased its shares of Grayscale’s Bitcoin (BTC) Trust by more than 283% over that of the first quarter of 2021, from 7,693 shares at the end of March to 29,498 shares in two separate lots on June 30.

Are KuCoin Shares overvalued after KCS price gains 100% in one month?

The 72nd-largest cryptocurrency by market cap reached its two-month high amid a rally across exchange-based digital assets but faces downside risks due to overvaluation and thin volumes. KuCoin (KCS) prices ticked up in the early Wednesday session on July 7, in part because of an ongoing market rally across the top exchange-based utility tokens.The 72nd-largest cryptocurrency peaked for the day at $14.847 before correcting lower on interim profit-taking sentiment.

Confusion Over GBTC Unlocks Might Drive Bitcoin Bears Into a Bullish Ambush

Major US-based crypto investments company Grayscale Investments's Grayscale Bitcoin Trust (GBTC) is about to see its shares unlocked and freed for sale once again, and there is a lot of discussion about what this may mean for the price of bitcoin (BTC): is it bullish or bearish, and whether some investors will enter the market to repay the loans they made to buy the shares in

Is Bitcoin in danger of losing $30K with Grayscale's big GBTC unlocking in two weeks?

Bitcoin prices remain under pressure in the $30,000-$40,000 zone as traders brace for the 16,000 BTC worth of GBTC shares unlocking in July. Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency's spot prices has turned into a hotly debated topic among the analysts in the space.Grayscale's premium remains negative for months The argument concerns Grayscale Bitcoin Trust, the world's largest digital assets manager that allows institutional investors to gain indirect exposure in the Bitcoin market through its product, GBTC.

tZERO to tokenize $18M of stock for the ‘Robinhood of real estate investing’

Around $18 million worth of NYCE’s common shares will be tokenized and supported for secondary trading on tZERO’s security token trading platform. tZERO, an alternative trading system for security tokens, has announced a partnership with real estate crowdfunding company, NYCE Group, to tokenize $18 million worth of the firm’s shares.NYCE’s stock will be tZERO’s first new listing since launching its ASPN pairing in August 2020, representing fractionalized ownership in a Colorado ski resort.Announced June 30, tZERO will support secondary trade for NYCE’s tokenized common shares once the real estate company has completed its upcoming Regulation A+ offering, subject to regulatory approval.NYCE’s shares will be tokenized using tZERO’s proprietary smart contract technology. Philip Michael, CEO and co-founder of NYCE, stated:“Through our partnership with the leader in liquidity for digital securities, tZERO, we are excited to provide investors with liquidity optionality.”The real estate firm was founded by Michael and FC Barcelona soccer player Martin Braithwaite, with media describing the platform as a “Robinhood of real estate investing.”The NYCE app allows retail investors to own fractionalized shares in properties from its $260 million portfolio, describing its mission to create 100,000 high-net-worth millennial stakeholders of color by 2030.NYCE finalized its $1 million Regulation Crowdfunding (Reg CF) offering in October 2020, setting a record for the fastest Reg CF offering to raise seven figures.

Morgan Stanley Fund Holds 28,000 Grayscale Bitcoin Trust Shares

The Europe Opportunity Fund of major US bank Morgan Stanley has exposure to Bitcoin through GBTC shares, an SEC filing has revealed.

Deutsche Börse Group Acquires Major Stake in Swiss Firm Crypto Finance AG

On Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG.

Retire early with crypto? Playing with FIRE

Finance blogger The FI Explorer didnt invest in cryptocurrency in order to retire early but unlike many of the newly minted crypto rich, he did set out to retire early.The FI Explorer, also known as Jason, is part of the FIRE community financial independence, retire early where adherents save up to 80% of their income throughout their 20s and 30s in order to either retire early or simply follow their passions.For most of his 20-year journey toward his FIRE target of $1.64 million (USD) which was chosen to produce $65,000 in annual income for the rest of his life Jason directed his savings toward sensible investments, like exchange-traded funds, shares and gold.

Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust

According to the US Securities and Exchange Commission's document, the US leading investment bank Morgan Stanley is buying 28,289 shares of Grayscale Bitcoin Trust through its European Opportunity Fund.

Morgan Stanley equity fund owns 28.2K shares of Grayscale Bitcoin Trust, per SEC

The investment bank reported owning a significant stake in GBTC as of April 30, according to a recent filing with the SEC.

Undeterred: Ark Invest Purchasing 1,046,002 Shares of Grayscale Bitcoin Trust After Crypto Crash

Despite Bitcoin’s big sell-off, New York investment firm Ark Invest is continuing to load up on exposure to the world’s largest digital asset alongside other institutions.  Ark Invest, founded by CEO and CIO Cathie Wood in 2014, has outperformed the market for years now, drawing attention from Wall Street as forward thinkers in traditional finance.

Cathie Wood Bought the Dip: Ark Invest Purchases One Million GBTC Shares

Cathie Wood, the founder of Ark Invest, bought the dip this Tuesday when Bitcoin prices tumbled below $30K.

ARK Invest Bought $29M Shares in Grayscale Bitcoin Trust During Crash

Ark Invest purchased more than 1 million shares of the Grayscale Bitcoin Trust during Tuesday's trading session. 

Swiss-based Digital Assets AG launches tokenized stock offerings on Solana

Tokenized shares of Facebook, Google-parent Alphabet, Netflix, Nvidia, PayPal, Square and Tesla will be available to trade at the launch.

Bitcoin Price Could Reach $25,000 After Grayscale’s Unlock: JPMorgan

The unlocking of GBTC shares could increase the selling pressure and drive BTC's price further south to $25,000, predicted analysts from JPMorgan.

MicroStrategy stock tanks with Bitcoin as S&P 500, Nasdaq rally

MSTR shares declined by as much as 12% on Tuesday as the broader US stock market showed signs of strength.

Grayscale's Parent Company DCG Plans to Purchase $50M Shares of Ethereum Classic Trust

Digital Currency Group (DCG), the parent company of the cryptocurrency asset management company Grayscale, announced the firm will buy Grayscale Ethereum Classic Trust shares with a total value of $50 million.

Grayscale Parent Company to Purchase Ethereum Classic Trust Shares Worth $50 Million

Grayscale plans to buy $50 million worth of shares of the Grayscale Ethereum Classic Trust (ETCG).

Bitfarms’ shares slump on Nasdaq debut amid crypto market pull-back

Bitfarms’ debuting shares have been unable to escape the bearish crypto meta-trend, despite the firm claiming its profits have increased amid the recent drop in Bitcoin hash rate.

Digital Currency Group Buying $50M of Ethereum Classic Grayscale Shares

The $50 million purchase comes amid questions about the viability of DCG's flagship Bitcoin Trust investment product.

Coinbase-backed Securitize secures $48M in Series B funding

Morgan Stanley Tactical Value and Blockchain Capital have led a funding round for Securitize. Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize.According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital.Other participants in the funding round included Sumitomo Mitsui Trust Bank (SMTB), Emin Gün Sirer’s Ava Labs, and venture capital fund IDC Ventures, among others.The oversubscribed Series B round also saw participation from previous Securitize backers like Ripple and Borderless Capital.Monday’s Series B funding announcement comes barely a month after successfully closing a $12.75 million Series B funding round.As with other Securitize capital raises, the Series B investors will receive their shares as digital assets issued by the firm.

MicroStrategy Selling $1,000,000,000 in Stock With Plans To Buy More Bitcoin

Enterprise analytics software firm MicroStrategy plans to issue additional shares to potentially finance the purchase of more Bitcoin.

More Brits bought crypto than shares last year new survey suggests

More than 70% of UK crypto investors surveyed reported a profit. A new survey suggests Brits have become more eager to invest in cryptocurrencies than in traditional stocks and shares-based investments.UK investment firm AJ Bell’s survey found that 7% of British adult respondents reported they had bought crypto over the last year, compared to 5% who invested in stocks and shares ISAs (individual savings accounts).

One in Five Kiwis Bullish on Crypto Investments, New Poll Suggests

Cryptocurrency investing has been rising in popularity among New Zealanders and a fifth of the respondents in a new survey either plan to or have already, put money into digital assets.

CEOs Shares Derivatives Trends in 2021

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The crypto space is brimming with different products and services for users looking for a way to make good profits.

Hedge Fund CFOs and Insurers Show a Growing Appetite for Crypto

There seems to be a rapidly growing appetite for cryptoassets among institutional investors, as nearly a 100% of surveyed hedge fund chief financial officers (CFOs) see their funds investing in crypto by 2026, and more insurers are seen buying shares of Grayscale Bitcoin Trust or Grayscale Ethereum Trust. As much as 98% of hedge fund CFOs expect their funds to invest in

MicroStrategy To Sell $1B in Stock for More Bitcoin

MicroStrategy Inc. (MSTR) filed a shelf registration to the US Securities and Exchange Commission (SEC) on Monday, intending to sell as much as $1 billion in common shares for general purpose, including purchasing more Bitcoin.

To IPO or Not to IPO? SPAC is the question

An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger. An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC mergerBy Connor SephtonIf you want to sell stock in an American company to the public, traditionally you hold an initial public offering, better known as an IPO. An IPO starts with the long, arduous, and expensive process of filing an S-1 Registration Statement with the Securities and Exchange Commission (SEC). Of course, the purpose of an S-1 is to make sure companies are disclosing everything the public needs to know to make an informed decision about buying shares in your company, otherwise known as securities.Which is something cryptocurrency companies tried to avoid by holding initial coin offerings, and why the SEC stomped so hard on the ICOs, suing the likes of DAO, Block.one, Telegram, and currently Ripple, levying multi-million-dollar fines and even forcing some companies to return the money raised to investors.

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday.

Börse Stuttgart Digital Exchange launches crypto trading mobile app

Börse Stuttgart Digital Exchange, Germany's first regulated trading venue for crypto assets, has launched a mobile trading app for iOS and Android that supports four cryptocurrencies. Börse Stuttgart Digital Exchange, or BSDEX — which shares its operator with the major public stock exchange in Stuttgart — is rolling out a new mobile app for cryptocurrency traders.As a digital assets trading venue that fulfills the regulatory requirements of the German Banking Act, the venue has been a pioneer in the mainstreaming of crypto in Germany.

Tedi Ticic Shares Need-to-Know About Trading CryptoCurrency in Europe

The text below is an advertorial article that was not written by Cryptonews.com journalists. Investments have already been an exciting means for entrepreneurs to grow their wealth.

Cardano’s Charles Hoskinson Says Crypto Primed To Overtake Entire Financial Market – Here’s When

Cardano founder Charles Hoskinson says that the crypto space is gearing up to take over the entire traditional financial system.  In a new video, Hoskinson shares his thoughts on the current crypto landscape and explains why the nascent industry will become a dominant force that addresses much of the problems of the current financial system.

Is crypto approaching its ‘Netscape moment?’

The world of cryptocurrency shares a similar template to the emergence of the World Wide Web back in the 1990s. This year marks the 30th anniversary of the first web page on the World Wide Web, which means a person has to be nearly half a century old to clearly remember the patchwork progress, the false starts and stops, and the trial and error that eventually gave us what is now the defining foundation of 21st-century life. We take the internet for granted in 2021, but it took us decades to get to this point.

Wisdom Tree files Ether ETF application with SEC

ETF shares would be listed on the Chicago Board Options Exchange’s BZX Exchange. Following in the footsteps of VanEck earlier this month, Wisdom Tree has filed an application for an Ether (ETH) exchange-traded fund submitted to the United States Securities and Exchange Commission.According to filings dated May 27, the ETF’s shares would be listed on the Chicago Board Options Exchange’s BZX Exchange.On May 7, rival ETF issuer, VanEck, also filed an application for an Ether ETF to be traded on the same exchange.Wisdom Tree’s application comes as the SEC has begun its formal review of Bitcoin (BTC) ETF applications submitted by Fidelity and SkyBridge respectively.

Goldman Sachs Predicts a 35% Increase for Coinbase’s Shares (COIN) By 2021’s End

Coinbase's stock, which is down by 25% in the past few weeks, could reverse trajectory and exceed $300 by this year's end, said Goldman Sachs.

Hoskinson Shares His Top Tips For Surviving The Crypto Crash

The CEO of Input Output Global (IOG), Charles Hoskinson, took to social media to share his advice on coping with difficult times.

Crypto Stocks Nosedive as Bitcoin Crashes

Shares in Tesla, Coinbase and MicroStrategy are falling with the price of Bitcoin.

Ark Investment tips $20M into Grayscale Ethereum Trust

Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale's Ethereum Trust, worth more than $20 million.

Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February

On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto.

Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’

Coinbase shares have dropped in value during the last month after opening at $342 per share.

Coinbase to raise $1.25B via debt securities for institutional investors

With shares in the Nasdaq-listed cryptocurrency exchange continuing to underperform, Coinbase is seeking a $1.25 billion cash injection from institutional investors. United States-based cryptocurrency exchange Coinbase seeks to raise $1.25 billion in funds through a proposed private offering for institutional buyers. According to an announcement on May 17, the offering will be in the form of convertible senior notes due 2026, available only for institutional investors who manage a minimum of $100 million in securities issued by other companies.

Coinbase to Raise $1.25 Billion in Bond Sale Just 1 Month After Going Public

The move comes just weeks after Coinbase went public via a direct listing that did not see it issue new shares.

Investors Confuse Ethan Allen With Ethereum: Shares up 50% Over Average Price

Ethan Allen, a US-based furniture company, has been getting strange traction in markets this year, due to an interesting coincidence.

State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies

The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more.

Bitwise launches US ‘crypto ETF’… sort of

Bitwise has launched a new ETF offering exposure to the top publicly-listed firms operating in the blockchain and crypto industries. Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF.Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital assets that the US Securities and Exchange Commission takes great delight in shooting down, Bitwise’s new fund, dubbed BITQ, offers exposure to the shares of leading “public companies that are participants in the growing Bitcoin and cryptocurrency sector.”Announcing today's launch of the Bitwise Crypto Industry Innovators ETF (NYSE: $BITQ)! $BITQ holds public companies backing bitcoin and crypto innovation.

Gemini's crypto custody tops $30B as analyst predicts Coinbase shares will fall to $100

Gemini's crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top US exchanges.In a May 11 announcement, the exchange attributed much of the growth this year to strong demand from institutional clients: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have more than tripled our crypto under custody since the beginning of 2021.”Gemini works with large asset managers including BlockFi, Blockchange, CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors, and WealthSimple.The New York-based company was founded in 2014 by Cameron and Tyler Winklevoss.

German Regulator Refuses to Budge in Binance Stock Token Dispute

Source: Instagram, Binance The Federal Financial Supervisory Authority (BaFin), the German financial markets regulator, has turned down a plea from the crypto exchange giant Binance to remove warnings about stock or inventory tokens – coins meant to represent shares in American stock market-listed firms. BaFin last month posted warnings on its website about possible securities law violations

PayPal says its crypto efforts are producing 'really great results' on earnings call

PayPal’s CEO believes crypto assets are forging a more equitable and inclusive financial system. During PayPal's Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a more equitable financial system.” Following the success of PayPal’s move to embrace crypto assets, much of the call centered around the firm’s recent and future plans for digital assets. “We believe the current technological underpinnings of our financial system will be substantially upgraded over the coming years,” Schulman said, adding this would help efforts to recover from the pandemic: “Both cryptocurrency and central bank-issued digital currencies can play a critical role in shaping a more inclusive recovery and a more equitable financial system.” The CEO stated the payments provider has an extensive crypto roadmap planned, noting its digital asset innovations will be pursued “in partnership with governments and in compliance with local, national and global regulatory frameworks.”  “We’ve got a tremendous amount of really great results going on tactically with our crypto efforts,” he added. The firm’s shares rose by more than 5% on Wednesday, April 5 in response to the earnings update, after PayPal revealed its per-share earnings had outperformed expectations by more than 20%, coming in at $1.22 each adjusted.

Crypto VC Giant Ramps Up Bitcoin Investment by $500,000,000

Crypto-focused venture capital giant Digital Currency Group (DCG) is snapping up another $500 million worth of Grayscale Bitcoin Trust (GBTC) shares.

Galaxy Digital to acquire crypto custodian and services provider BitGo

Under the acquisition’s terms, BitGo shareholders will get 33.8 million in newly issued shares of Galaxy Digital, in addition to $265 million in cash. Galaxy Digital, a crypto and blockchain-focused financial services and investment manager founded by Mike Novogratz, is set to acquire institutional crypto custodian service and wallet operator BitGo. According to an announcement on Wednesday, Galaxy Digital Holdings will pay $1.2 billon in stock and cash to settle the deal.

Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Purchase of GBTC Shares for $750 Million 

Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC).

Grayscale parent firm DCG to expand GBTC buy limit by $500M

Digital Currency Group has purchased a total of $194 million worth of GBTC shares so far. Digital Currency Group, the parent company of digital asset manager Grayscale Investments, is now authorized to purchase up to $750 million worth of shares of Grayscale Bitcoin Trust. The company announced Monday that DCG increased its prior authorization to buy up to $250 million worth of GBTC shares by an extra $500 million. The share purchase authorization does not obligate DCG to acquire any certain amount of shares in any period, and it may be expanded, modified or discontinued at any time, DCG noted.

Digital Currency Group Buying $750 Million in GBTC Shares

Digital Currency Grop is ramping up its investments into Grayscale's Bitcoin Trust, just as the trust runs into hot water.

ICE and Union Square Ventures Sold Off Over $1B of Coinbase Shares

Union Square Ventures and the Intercontinental Exchange have both disposed of their Coinbase shares and netted $1.8B and $1.2B, respectively.

Intercontinental Exchange sells Coinbase stake for $1.2B

Intercontinental Exchange has sold its 1.4% stake in Coinbase to reduce the company’s debt. Intercontinental Exchange, the operator of the New York Stock Exchange and the owner of Bakkt digital asset platform, has sold its 1.4% stake in the newly Nasdaq-listed cryptocurrency firm Coinbase. Announcing the news Thursday on a financial results call for the first quarter of 2021, ICE chief financial officer Scott Hill said that the company sold its Coinbase stake for $1.2 billion.

BNY Mellon fund laments: ‘We should have bought Bitcoin, not gold'

SEC filings show that America’s oldest bank has attributed the underperformance of its small-cap ETF to failing to buy MicroStrategy shares after the firm invested heavily in BTC. US-based financial institution BNY Mellon, the world’s largest custodian bank and asset servicing company, states that the recent performance of one of its exchange-traded funds, or ETFs, was significantly impacted by its lack of exposure to companies investing in Bitcoin. The BNY Mellon Opportunistic Small Cap Fund (DSCVX) gained 35% from September 1, 2020, through February 28, 2021, underperforming its benchmark, the Russell 2000 Index — which produced roughly 41.7% over the same period. Filings with the US Securities and Exchange Commission indicate the firm laments not purchasing shares in leading business intelligence firm MicroStrategy (MSTR) — which invested billions into Bitcoin last year, holdings that have since grown to more than $4.8 billion.

Binance May Have Violated Securities Laws With 'Stock Tokens': German Watchdog

Binance’s tokens representing shares in Coinbase and Telsa may just be securities after all, says BaFin.

Binance to launch Microstrategy, Apple, and Microsoft stock tokens

The upcoming listings will bring the total number of stock tokens supported by Binance to five. Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month. On April 26, Binance announced it will launch tokenized stock pairings for leading business intelligence firm, Microstrategy (MSTR), in addition to multinational tech firms Apple (AAPL) and Microsoft (MSFT).

COIN Stays In Frankfurt, Binance Investigated, Morgan's Bitcoin + More News

Source: Instagram, Binance Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Deutsche Boerse said that Coinbase shares (COIN) can continue to be traded on its trading system Xetra and Frankfurt stock exchange after the crypto exchange provided missing data, Reuters reported.

Canaan to Ship 11,760 Next-Generation Bitcoin Miners to a US-Listed Firm, CAN Shares Jump 11%

On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group.

Coinbase delisting averted as German stock exchange resumes trading

Coinbase averted the delisting of its shares from the German stock exchange after submitting legal documents that had originally been neglected in error. The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted.

Deutsche Boerse to Delist Coinbase Shares Citing "Missing Reference Data"

Coinbase shares will be delisted on Deutsche Boerse'trading platforms after "missing reference data" was uncovered.

Deutsche Boerse to Delist Coinbase Shares Due to Admin Error

An incorrect reference code has resulted in Coinbase shares being delisted from the Xetra trading system and the Frankfurt stock exchange.

Reports That Bitcoin Creator is an International Drug and Arms Dealer Resurface

Evan Ratliff, the author of the book The Mastermind, shares his research on Paul Le Roux, who he believes could be the man behind Bitcoin.

German stock exchanges will delist Coinbase shares, citing 'missing reference data'

Deutsche Boerse said "the only way for Coinbase to resume trading" is for the company to apply for a Legal Entity Identifier code. The Deutsche Boerse Group has said it will delist Coinbase's stock listing on its Xetra digital stock exchange as well as the Frankfurt Stock Exchange. According to Reuters, Deutsche Boerse said it would delist Coinbase Global from the two exchanges due to "missing reference data" for the shares.

Delisting Coinbase, IOTA's Upgrade, Money Printing To Intensify + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Deutsche Boerse said it would de-list the shares of Coinbase (COIN) from its Xetra trading system and the Frankfurt stock exchange by end of Friday’s trading session, Reuters reported.

Deutsche Boerse to Delist Coinbase’s Shares (COIN) on Friday: Report

A week after going public, Coinbase's shares (COIN) will be delisted from the Deutsche Boerse on Friday due to missing reference data.

Bitpanda Boards the Tokenized Fractional Share Train in an Emerging Trend

Vienna-based digital asset platform Bitpanda has launched a new product, Bitpanda Stocks, allowing users to invest in tokenized fractional shares.

Rothschild Investment Buys $4.75M in Shares of the Grayscale Ethereum Trust

The Chicago-Based asset manager is expanding its crypto portfolio by acquiring more shares from Grayscale's Bitcoin and Ethereum Trust.

Smartlands Platform Launch: Tokenizing the Real Economy in Europe With a First-Mover Advantage

In April, Smartlands will launch an alternative investment platform for buying and selling tokenized shares of real-world assets.

Crypto and Traditional Finance To Merge Via M&As

As Coinbase has already gone public, and eToro, Kraken are also planning to list their shares, we can also expect to see an increase in acquisition activity in the coming months.

Coinbase’s $86bn Valuation Has Been Grossly Exaggerated by Misleading Media

Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis.

Gaming Giant WeMade Wants to Buy Bithumb – Report

Another South Korean gaming giant has been linked with a possible deal to take over Bithumb, one of the country’s biggest crypto exchanges. Per a report from Chosun, WeMade, the firm behind the Legend of Mir series, is the latest to express an interest in buying a stake in the crypto trading platform, whose biggest shareholder put his shares up for sale last year, as

Cathie Woods' Ark buys a further $110M worth of Coinbase shares

Three exchange-traded funds offered by Cathie Wood’s Ark Invest added a total of 341,186 shares in Coinbase (COIN) worth a combined $110 million on April 15.

Cathie Wood’s Ark Funds Now Hold Over One Million Coinbase Shares 

Two days after Coinbase's direct listing on Nasdaq, three of Ark's funds now hold a combined 1,090,388 Coinbase shares, valued around $352 million.

Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust

The Rothschild Investment Corp has revealed that it has taken up a new crypto position by purchasing 265,302 shares of Grayscale Ethereum Trust.