Here is what happened yesterday in the crypto market:
BlackRock Bitcoin ETF Gains Recognition
BlackRock’s iShares Bitcoin ETF (IBIT) has been named the best new ETF by etf.com, experiencing significant inflows not seen since January. This underscores growing institutional interest and adoption of Bitcoin as an investment asset.
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Binance Introduces Fund Accounts for Asset Managers
Cryptocurrency exchange Binance has launched ‘Fund Accounts,’ a new solution designed to simplify asset management for portfolio managers. This initiative aims to bridge the gap between traditional finance and the crypto world, offering tools that mirror those used in TradFi.
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Ether.fi Transitions to DeFi Neobank with Payment Cards
Restaking protocol Ether.fi is pivoting to become a decentralized finance (DeFi) neobank, introducing payment cards in the U.S. The ether.fi app will offer users a traditional finance experience within the DeFi space.
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CME Group to Launch XRP Futures
The Chicago Mercantile Exchange (CME) Group has announced that it will launch XRP (XRP) futures contracts on May 19. This move expands the availability of crypto derivatives for institutional investors.
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FBI reports Billion-Dollar Crypto Losses
Americans reported a record $9.3 billion in losses to cryptocurrency-related crimes in 2024, according to a report by the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3)
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