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BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in Review

BNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts Bitcoin could reach $500K by 2025 and $1M by 2030, citing global financial instability risks highlighted in an upcoming book by Jim Rickards….

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Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares

Este artículo también está disponible en español. Ethereum (ETH) demand is largely driven by the token’s use in on-chain applications and token transfers, according to a report by CoinShares. Ethereum’s Use-Cases Have Increased, But Long-Term Value Is Missing In a recently published detailed report, CoinShares’ Matthew Kimmell noted that despite Ethereum’s potential to host popular…

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Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports

Digital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps). Coinshares: U.S. Leads Digital Asset Inflows According to…

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Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital…

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Crypto ETPs trading volume plummets 50% as BlackRock surpasses Grayscale

Crypto investment products experienced a lukewarm performance last week, with modest inflows of $30 million, according to CoinShares weekly report. The weekly trading volume for these products also plummeted nearly 50% from the previous week, dropping to $7.6 billion. James Butterfill, CoinShares‘ head of research, explained that these numbers were the market’s reaction to recent…

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