📌BlackRock has reportedly bought a staggering 11,500 Bitcoin from the available supply during the latest dip since the launch of its spot Bitcoin ETF.
📌This amount is significant, considering that only 900 BTC are issued daily. The purchase by BlackRock effectively represents about 13 days’ worth of #Bitcoin production being absorbed by a single player.
Approval would be a two-step process: The SEC has to greenlight the filings known as 19b-4s from the exchanges that outline the rule changes permitting the new class of funds to trade, and make the registration statements from the asset managers effective, before the funds can start trading.$BTC $ETH $BNB #BTC #etf #XAI #BONK #Launchpool
According to Foresight News, data from L2beat shows that the Total Value Locked (TVL) in the #Arbitrum One network has reached $10 billion for the first time, setting a new historical high. Over the past week, the increase was 10.50%. Currently, the total TVL for Ethereum Layer2 networks stands at $20.82 billion, with Arbitrum One accounting for 48.03% of the total.#BTC #etf #Sei #FIL #Launchpool $BTC $ETH $ARB
📌Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)
📌FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India#NFP #BTC #Launchpool #ARB #ARB $ETH $ETH $BNB
📌Some customers' orders for Solana Saga phones have been canceled following an inventory mishap. Last week, the device saw a surge in demand after a 135% 24-hour jump in the price of the Solana-based memecoin bonk presented traders with an arbitrage opportunity.
📌The Saga phone comes with 30 million bonk tokens, among other incentives — something that became worth more than the device at recent prices. The firm’s limited inventory of 20,000 phones promptly sold out in the U.S. and EU. Solana Mobile said that all affected customers have been informed and will receive a refund in the coming days, apologizing for the inconvenience.#sol #NEAR #BTC #DOGE #BinanceWish $BTC $ETH $SOL