Felicity Underwood

Institutional Investors Sell $1,670,000,000 in Bitcoin and Crypto Assets in Third Straight Week of Outflows: CoinShares

Institutional investors just sold an overall total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The outflows mark the third consecutive negative week and the second-largest weekly outflow of the year, with three-week cumulative outflows now standing at $4.21 billion. Bitcoin led the selling with…

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Grayscale Says Ethereum, Solana and Two Additional Blockchains Poised To Benefit From Clarity Act

The world’s largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves.  In a new report, Grayscale says expected regulatory changes, including the Clarity Act that aims to establish rules for classifying and regulating digital assets and guidance from the U.S. Securities and Exchange Commission (SEC), will…

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Institutional Investors Pour $619,000,000 Into Bitcoin and Crypto Assets in One Week: CoinShares

Institutional investors just bought an overall total of $619 million in Bitcoin and crypto assets in one week, according to a new update from CoinShares. The outflows came despite significant late-week outflows. Crypto products saw $1.44 billion in inflows during the first three days, then $829 million flowed out on Thursday and Friday amid market…

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Insurance Giant Aon Partners With Coinbase and Paxos in Trialing Use of Stablecoins for Premium Payments

The world’s second largest insurance broker is teaming up with the crypto exchange Coinbase and the Paypal USD (PYUSD) issuer Paxos to support stablecoin payments for insurance premiums. Aon plc says that it successfully demonstrated a proof of concept for insurance premium payment using dollar-backed stablecoins. The firm says it worked with Coinbase and Paxos…

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