Nvidia's Earnings Report Fails to Boost AI Crypto Tokens
Nvidia's Earnings Report Fails to Boost AI Crypto Tokens
😲 Unexpected Reaction
Nvidia, a leading technology company, recently released its earnings report, which was expected to have a positive impact on AI-related cryptocurrencies. However, contrary to traders' expectations, the strong financial performance did not immediately translate into a surge in the prices of these digital assets.
SFC Explores Crypto ETF Staking Services
According to reports, the Securities and Futures Commission (SFC) of Hong Kong has held discussions with cryptocurrency exchange-traded fund (ETF) issuers regarding the provision of staking services through licensed platforms. Staking involves committing crypto assets to support a blockchain network's operations and receiving rewards in return. The move could potentially facilitate the launch of crypto ETFs in Hong Kong, allowing investors to gain exposure to this emerging asset class.
Major Investment Firms Hold Billions in Bitcoin ETFs
According to recent reports, Grayscale's GBTC remains the largest holder of bitcoin among exchange-traded funds (ETFs), with over $20 billion worth of the cryptocurrency. BlackRock's IBIT closely follows with $19.6 billion in bitcoin holdings. Additionally, a 13F filing revealed that Morgan Stanley owned $269.9 million of Grayscale's Bitcoin Trust (GBTC) as of March 31.
Identifying Trustworthy Crypto Liquidity Providers
An article published on 2024-05-23 provides guidance on how to identify trustworthy crypto liquidity providers for secure and efficient trading. It highlights key factors to consider and common pitfalls to avoid when selecting a liquidity provider in the cryptocurrency market.
Bitcoin Pizza Day Commemorates First Commercial Cryptocurrency Transaction
Bitcoin Pizza Day, celebrated annually on May 22, marks the first commercial transaction using cryptocurrency. On May 22, 2010, a programmer named Laszlo Hanyecz paid 10,000 bitcoins for two Papa John's pizzas, worth around $41 at the time. This transaction is considered a milestone in the history of Bitcoin and cryptocurrency adoption. Bitcoin Pizza Day is celebrated by cryptocurrency enthusiasts worldwide to commemorate this event and raise awareness about the potential of digital currencies.