Latest Crypto Industry News with Valeria Blokhina
Valeria Blokhina, the community manager at U.Today, brings you the latest news in the crypto industry with a focus on Bitcoin and Ethereum ETFs, Germany’s major federal bank embracing crypto for institutional players, and the skyrocketing activity of Shiba Inu (SHIB) whales.
In Hong Kong, several spot Bitcoin and Ethereum ETF applications have received official approval from the Hong Kong Securities and Futures Commission. This move opens up new opportunities for investors in the region, following the success of spot Bitcoin ETFs in the U.S earlier this year. However, the U.S. SEC is still hesitant to approve Ethereum ETFs despite interest from major players like BlackRock.
Germany’s largest federal bank, Landesbank Baden-Württemberg (LBBW), has announced plans to offer cryptocurrency custody services to institutional and corporate clients in partnership with Bitpanda. This move is expected to provide more access to digital assets for institutional investors in Germany.
Meanwhile, Shiba Inu (SHIB) whales have been active in the market, accumulating 2.85 trillion tokens in just 24 hours. However, this spike in accumulation was accompanied by a significant outflow, resulting in a net decrease of 150 billion SHIB tokens over the past day. Despite this setback, on-chain data suggests that Shiba Inu typically does not stay in the negative zone for long.
Stay tuned for more updates on the crypto industry with U.Today’s news digest!
