PsiQuantum Reaches a Valuation of $7 Billion Following a $1 Billion Investment Supported by Nvidia and BlackRock
Psiquantum, though still a private entity, is quickly emerging as a frontrunner in the quantum computing sphere. The company leverages silicon photonics which enhances scalability, positioning it as a strong competitor among quantum system developers. Currently, Psiquantum is in the process of securing $1 billion in funding at a valuation of $7 billion. This investment […]
SEC postpones decisions on crypto ETFs from BlackRock and Franklin Templeton
SEC Delays Decisions on Crypto ETF Proposals On Wednesday, the Securities and Exchange Commission (SEC) decided to postpone its rulings on several proposals for cryptocurrency exchange-traded funds (ETFs), affecting well-known names like BlackRock and Franklin Templeton. New deadlines have been set, with November 13 designated for Ethereum-related proposals from Franklin and November 14 for Solana […]
BlackRock Executive Proposes Hyperliquid for Ethena’s Stablecoin Plan
Simply put Esena has submitted a proposal for Hyperliquid’s Stablecoin. USDH is indirectly backed by BlackRock’s tokenized Buidl funds. Ecena channels USDH revenues into the Hyperliquid ecosystem. Ethena Labs, the creator of the Synthetic-Dollar protocol, made a move on Tuesday, entering the USDH sphere and positioning itself as a contender to issue Hyperliquid’s Stablecoin. Currently, […]
BlackRock Triggers $287M Ether ETF Recovery Following Significant Withdrawals
After nearly a week of stagnation, the US Spot Ether Exchange Trade Fund (ETF) experienced a significant rebound, attracting $287.6 million in investments on Thursday. This influx followed a sharp decline of over $924 million in just four days. BlackRock’s Ishares Ethereum Trust was responsible for a large portion of this influx, bringing in $233.5 […]
BlackRock drives $287M in spot Ether ETF inflows following four days of outflows
The U.S. Spot Ether Exchange-Traded Funds (ETFs) experienced a significant turnaround on Thursday, marking a net inflow of $287.6 million, as reported by Crypto ETF Tracker SosoValue. Prior to this, the funds had been on a four-day outflow streak, accumulating over $924 million in withdrawals between August 15th and Wednesday. Notably, the largest withdrawal happened […]
BlackRock CEO recognized by World Economic Forum as investigation into Klaus Schwab stalls
Klaus Schwab, a German economist, established the World Economic Forum (WEF) in 1971 with the aim of drawing “political, business, and social leaders” to collaboratively shape global, regional, and industry agendas. Throughout his leadership, Schwab didn’t shy away from expressing his ambition to fundamentally transform the world. He has advocated for a “great reset” of […]
ETH Surges to New High as BlackRock Brings in $640M: CryptoQuant Warns to Be Careful
Ethereum Approaches Record Highs Ethereum is trending toward an all-time high, with recent market movements indicating significant momentum for the second-largest cryptocurrency by market cap. Today’s prices for ETH reached $4,781.24, marking the highest point since November 2021 and getting closer to its previous record. In comparison to Bitcoin, the ETH/BTC price ratio has just […]
Expert Predicts BlackRock May File For Spot XRP And Solana ETFs Before October Deadline
The president of Novadius Wealth Management recently discussed significant updates in the Crypto ETF landscape, suggesting that BlackRock may soon submit applications for Spot XRP and Solana ETFs—possibly as soon as October. On a recent podcast, Gelach pointed out that the SEC’s recent approval of mechanisms for creating and redeeming Crypto ETFs marks an important […]
BlackRock sees unprecedented $465M in daily outflows from spot Ether ETF
Data from Farside Investors indicates that the US Spot Ether Exchange Traded Fund (ETF) experienced nearly $5 billion in daily net outflows on Monday, marking the highest one-day drop since its inception. According to Farside Investors, the spot ether (ETH) ETF recorded $465 million in net outflows on the second day following a noteworthy drop […]
BlackRock Bitcoin fund experiences biggest withdrawal in 9 weeks
BlackRock’s Bitcoin Fund Sees Significant Outflow BlackRock’s Bitcoin fund, listed in the U.S., experienced its largest outflow since May, coinciding with Bitcoin’s fluctuations over the weekend and a slight recovery on Monday. The iShares Bitcoin Trust (IBIT) reported a $292.5 million outflow on Monday, marking the biggest drop in two months. Additionally, there was a […]