BlackRock transfers 1,633 Bitcoin to Coinbase Prime

Canary Capital has launched the HBAR ETF on Vanguard's platform, allowing investors to access Hedera's cryptocurrency through their brokerage accounts. This move marks a significant step in making cryptocurrency investments more accessible to a broader audience.

Kraken has announced its acquisition of Backed Finance, a strategic move aimed at enhancing its tokenization strategy and potentially accelerating the integration of traditional finance with blockchain technology. This acquisition is expected to bolster institutional adoption of cryptocurrencies.

Kalshi has successfully raised $1 billion in its latest funding round, resulting in a valuation of $11 billion. This significant financial boost positions Kalshi as a leading player in the prediction market sector, regulated by the Commodities Futures Trading Commission.

The US Securities and Exchange Commission (SEC) is set to introduce an innovation exemption for cryptocurrency firms in January, a move that could significantly boost the adoption of crypto technologies in the United States. This exemption aims to streamline regulatory processes for innovative blockchain projects, potentially positioning the US as a leader in the global crypto landscape.

Bank of America has recommended that investors allocate up to 4% of their wealth portfolios to cryptocurrencies, indicating a significant shift towards institutional acceptance of digital assets. This recommendation reflects a growing recognition of cryptocurrencies as a viable investment option within traditional wealth management strategies.

An Ethereum ICO participant has sold 23,000 ETH within a week, a move that may indicate shifting market confidence and could influence Ethereum's price stability and investor sentiment. This significant sale follows a period of heightened trading activity in the cryptocurrency market.

BlackRock's U.S. Bitcoin ETF has reached $70 billion in assets under management (AUM), generating approximately $245 million in annual fees, making it the firm's most profitable product line. This growth has contributed to BlackRock's total bitcoin allocations nearing $100 billion across various products.

Bitcoin's price has dropped to approximately $85,000, marking a 7% decline attributed to rising yields on Japanese government bonds, which have triggered a significant unwinding of the Yen Carry Trade, according to market expert Shanaka Anslem. This follows a brief recovery to around $93,000 last week, highlighting the volatility in the cryptocurrency market.