Bitcoin ETFs could mirror golds history of 'spectacular gains' and 'painful drawdowns,' analyst says

Quick TakeBitcoin ETFs are likely to test investors‘ patience, following gold’s path of “spectacular gains” and “painful drawdowns,” according to Bloomberg ETF analyst Eric Balchunas.Comparing BlackRocks IBIT with GLD, Balchunas says sentiment-driven demand can produce both “price explosions” and prolonged periods of stagnation.  Bitcoin exchange-traded funds may be following the same boom-and-bust trajectory as gold ETFs, with explosive gains giving way to decline and extended periods of stagnation, according to Bloomberg Senior ETF Analyst Eric Balchunas.  “Both are wrappers around non-yielding stores of value that generate no cash flow, leaving investor sentiment—not earnings, coupons or government support, as with stocks and bonds—to drive performance,” Balchunas argued Friday in a post to X.  The analyst added that the limited expansion of both bitcoin and gold supply can translate into surging demand that produces “price explosions.” But that demand can also be fickle, he said, arriving in waves rather than building steadily.  Balchunas analysis comes as BlackRocks IBIT, the worlds largest spot bitcoin ETF, manages about $60 billion in assets — far below the $100 billion it briefly reached in October, when bitcoin climbed to an all-time high. The analyst said the iShares Bitcoin Trust (IBIT) held above the $100-billion AUM threshold for only a few

07-17انڈسٹری

SBI Holdings seizes control of Coinhako in Singapore crypto push

SBI Holdings has acquired a majority stake in Coinhako after securing regulatory approval for the Singapore crypto exchange deal on July 16.  SummarySBI Holdings acquired a majority stake in Coinhako after receiving approval from Singapores financial regulator.Coinhako gives SBI a licensed base for expanding digital asset services across Southeast Asia.The deal complements SBIs JPYSC stablecoin, Ondo partnership, and Solana-based JX equity token  According to SBI Holdings, the transaction involved a capital injection through SBI Ventures Asset Pte. Ltd. and the purchase of shares from Coinhakos existing investors. Coinhako will now operate as a consolidated subsidiary of the Japanese financial group.  Approval from the Monetary Authority of Singapore allowed the deal to close on July 16. SBI did not disclose the size of the investment, the percentage of shares acquired, or Coinhakos valuation under the transaction.  Established in 2014, Coinhako is operated by Hako Technology Pte. Ltd. and holds a Major Payment Institution licence from MAS. Its affiliate, Alpha Hako Ltd., is registered as a virtual asset service provider with the British Virgin Islands Financial Services Commission.  You might also like:  Will Solana price rebound to $80 as SOL tests key support?  Coinhako gives SBI a regulated Singapore base  Through the acquisition, SBI plans to combine Coinhako‘s customers, regional

07-17انڈسٹری

A16z-Linked Whale Dumps $28 Million in HYPE as Token Slides 10% in a Day

A whale wallet linked to venture firm Andreessen Horowitz (a16z) deposited 437,000 HYPE worth $28.38 million to exchanges over two days, as HYPE fell by nearly 11%.  Key TakeawaysLookonchain tracked 437,000 HYPE ($28.38M) from an a16z-linked whale to OKX, Bybit and Gate in 2 days.HYPE traded near $60 on July 17, down about 10% in 24 hours amid $1.35 billion in crypto liquidations.A16z-linked wallets built a 3.9 million HYPE stake worth $192.6 million earlier in 2026.  HYPE Faces Increasing Market Pressure  The whale moved the tokens onto Hyperliquid itself along with centralized exchanges OKX, Bybit and Gate, the standard route for converting a large position into cash. Lookonchain subsequently commented:  The a16z-linked whale that previously accumulated a massive amount of HYPE has started selling!  The a16z-linked whale that previously accumulated a massive amount of HYPE has started selling!  Onchain data showing the whale moving their HYPE to different CEXs, per Arkham.  Wallets reportedly tied to a16z spent early 2026 becoming the token‘s largest external holder, building a stake of roughly 3.9 million HYPE worth about $192.6 million, even as one of Hyperliquid’s earliest backers cashed out a $95 million profit.  Selling Started Earlier This Month  The July 17 deposits are just an acceleration of a trend, not the start.

07-17انڈسٹری

SBI Holdings completes majority acquisition of Singapore crypto platform Coinhako following MAS approval

Quick TakeJapans SBI Holdings has acquired a majority stake in Singapore-based crypto platform Coinhako through its subsidiary SBI Ventures Asset.  SBI Holdings has completed its acquisition of a majority stake in Coinhako after securing approval from the Monetary Authority of Singapore, bringing the crypto platform under the Japanese financial groups control through its subsidiary, SBI Ventures Asset.  Coinhako operates primarily through Hako Technology Pte. Ltd., which holds a Major Payment Institution license from MAS, and Alpha Hako Ltd., a crypto asset service provider registered with the British Virgin Islands Financial Services Commission, SBI said in a statement on Friday.  According to the statement, SBI plans to combine Coinhakos customer base, operational expertise, and regional network with its financial services, technology, and global footprint to expand its digital asset corridor beginning with Japan and Southeast Asia.  The company said it also intends to develop new services tied to its cryptocurrency and digital finance infrastructure, including its JPYSC yen-denominated stablecoin, while exploring opportunities in tokenization, onchain finance, and cross-border trading.  “Our group aims to create a global corridor for digital assets by connecting exchanges around the world, enabling investors worldwide to make optimal investments without being hindered by national borders or currency barriers,” SBI Chairman Yoshitaka Kitao

07-17انڈسٹری

CLARITY Act News: Crypto Bill Nears Key Senate August Deadline

Key Insights:CLARITY Act news faces a key Senate deadline as pending disputes call for a 2027 delay.Trump and crypto firms back the bill while banks and law enforcement maintain opposition.House hearing and updated Senate text could shape the next phase of U.S. crypto regulation.  The Clarity Act News cycle has heightened as lawmakers approach a critical period before the U.S. Senates August recess. The legislation has already cleared the Senate Banking Committee with a 15-9 vote.  However, several unresolved provisions continue to delay its path to the Senate floor. At the same time, the U.S. House is preparing a field hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation.” Supporters argue the measure would establish a clearer federal framework for digital assets.  Clarity Act News | Source: X  Meanwhile, discussions remain over ethics rules, developer protections, and stablecoin provisions. With only a limited legislative window remaining, the coming weeks could determine whether the proposal advances this year or moves into 2027.  Senate Timeline Tightens as Key Issues Remain Unresolved  The U.S. House will hold a field hearing on the CLARITY Act on Thursday. The hearing follows the Senate Banking Committees approval of the legislation in May.  Despite that progress, three major disputes remain

07-17انڈسٹری

XRP Ledger Active Users Climb Back Above 140,000 to 141,800 Addresses

XRP News  Network activity on the XRP Ledger has pushed back above the 140,000 daily active user mark, with on-chain data showing roughly 141,800 active addresses — one of the strongest readings recorded over the past month. The timing stands out to our desk: blockchain throughput usually thins ahead of weekends as trading volumes and transaction counts fade across the broader market, yet XRP Ledger participation held firm. Network metrics show active users dipped earlier in July before grinding higher through the middle of the month, and the latest push returned activity toward regional highs. One session does not confirm a trend, but sustained participation above 140,000 addresses is generally read as a marker of healthy network demand rather than a statistical blip.  Ripple has secured a crypto asset service provider licence under the European Union‘s Markets in Crypto-Assets framework, the bloc’s unified rulebook governing issuance, custody and trading of digital assets across all 27 member states. The authorisation lets the company operate regulated digital asset services throughout the EU under a single passportable permission rather than negotiating each national regime separately. Attention across the XRP ecosystem has widened accordingly, with the licence landing alongside continued work on the RLUSD stablecoin, institutional

07-17انڈسٹری

Bitcoin ETFs add $368M in three-day buying streak

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $79.2 million in net inflows on Thursday, extending their inflow streak to three consecutive trading sessions.  The latest inflows followed $108 million on Wednesday and $181 million on Tuesday, bringing the three-day total to about $368 million, according to SoSoValue data.  Cumulative net inflows into US spot Bitcoin ETFs climbed to $51.2 billion, while total assets under management rose to $77.7 billion.Daily flows in US-listed spot Bitcoin ETFs since July 1. Source: SoSoValue  The inflows came as Bitcoin briefly climbed above $65,000 on Wednesday for the first time since late June, according to CoinGecko.  The latest inflows pushed Julys spot Bitcoin ETF flows back into positive territory after the market recorded net outflows of $4.51 billion in June and $2.4 billion in May.  If the trend continues, July would become the first month of positive net flows since April, when US spot Bitcoin ETFs recorded $1.97 billion in inflows.  As of Friday, US spot Bitcoin ETFs were down around $5.4 billion in net flows for 2026. Bitcoin traded at $62,851, down about 28% since the start of the year.

07-17انڈسٹری

SBI Holdings Secures Coinhako Majority Stake After Singapore Regulatory Green Light

Key Highlights  SBI Holdings completes Coinhako purchase following MAS regulatory clearance.Transaction transforms Coinhako into majority-owned SBI Holdings entity.Strategic move strengthens SBI Holdings regulated digital currency presence throughout Asia.Transaction enables enhanced stablecoin and international digital finance initiatives.Singapore transaction reinforces SBI Holdings Asia-Pacific cryptocurrency ambitions.  On July 16, SBI Holdings finalized its acquisition of controlling interest in Coinhako, a cryptocurrency platform headquartered in Singapore. The purchase received official authorization from Singapore‘s Monetary Authority through SBI’s regional arm. This strategic transaction incorporated Coinhako as a consolidated entity under SBI Holdings, enhancing the companys digital currency capabilities throughout the Asian market.  MAS Authorization Facilitates SBI Holdings Singapore Market Entry  SBI Holdings obtained necessary clearance from Singapores Monetary Authority before finalizing the deal via SBI Ventures Asset Pte. Ltd. The arrangement included fresh capital infusion alongside share purchases from current stakeholders. Neither party revealed specific financial terms associated with the transaction.  The Coinhako platform functions under Holdbuild Pte. Ltd., with Hako Technology overseeing its licensed exchange operations within Singapore. Hako Technology maintains Major Payment Institution authorization granted by Singapores Monetary Authority. Additionally, Alpha Hako Ltd. functions as an officially registered digital currency service provider regulated by the British Virgin Islands Financial Services Commission.  Discover more  Currencies & Foreign Exchange  Finance  Merchant Services & Payment

07-17انڈسٹری

Swiss Franc: Intervention risk keeps Franc lagging – OCBC

OCBC Bank strategists Sim Moh Siong and Christopher Wong note the Swiss Franc (CHF) has lost much of its safe-haven appeal as Swiss National Bank (SNB) intervention risk and low yields weigh on performance. With inflation below the midpoint of the SNBs target range and policy rates likely stuck at zero against rising global yields, CHF is expected to remain one of the laggards in G10 FX.  Safe-haven appeal curtailed by SNB  “The CHF underperformed as low yields and the Swiss National Banks (SNB) willingness to intervene in the FX market continued to weigh on the currency. In the summary of its 18 June policy meeting, the SNB said monetary conditions remain appropriate and saw no immediate need for further action despite rising upside inflation risks.”  “Since the outbreak of the US-Iran conflict, the SNB‘s increased willingness to intervene, if necessary, has curtailed the CHF’s safe haven appeal. As a result, the CHF has been driven largely by interest rate dynamics rather than risk aversion.”  “Swiss inflation remains below the midpoint of the SNBs 0-2% price stability range, suggesting policy rates are likely to stay at zero for at least the rest of the year.”  “Against a backdrop of rising global yields, this should keep

07-17انڈسٹری

New Era for Japanese Cryptocurrency Markets? Demand for Digital Assets Grows

ETF effect on the cryptocurrency marketChanging the shape of regulations  As policymakers consider reforms that could bring digital assets closer to traditional financial products, the cryptocurrency market in Japan may be nearing a critical turning point.  Recent talks about Japans regulatory framework suggest that the nation may eventually allow Bitcoin exchange-traded funds (ETFs), which many analysts think would greatly increase institutional participation. Ignoring the possible impact is challenging.  ETF effect on the cryptocurrency market  The introduction of spot Bitcoin ETFs in the U.S. changed the market by allowing investors to access Bitcoin through well-known brokerage accounts. With their approval, U.S.-based Bitcoin ETFs have amassed massive holdings; CryptoQuant data shows that their combined reserves, excluding Grayscales GBTC, are getting close to one million BTC.  Airbnbs Brian Chesky Breaks Silence on Crypto Hack  Cash Cat (CASHCAT), Dogecoin (DOGE), Ethereum (ETH) and Stellar (XLM) Price Analysis for July 17: Recovery Phase Ends Abruptly  The scale of institutional demand created by regulated investment products is shown in the chart. The bulk of holdings are in BlackRock‘s IBIT alone, but assets are still being drawn to Fidelity’s FBTC and a number of other funds. Total ETF holdings remain close to all-time highs, indicating ongoing investor interest, even though inflows have varied throughout

07-17انڈسٹری
1
...
161163
...
1000