Nano Labs Subsidiary Nano bit and BitFi Enter Strategic Partnership to Revolutionize Bitcoin Asset Management

Nano Labs Subsidiary Nano bit and BitFi Enter Strategic Partnership to Revolutionize Bitcoin Asset Management

HONG KONG, Jan. 10, 2025 /PRNewswire/ — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company,” or “Nano Labs“), a leading fabless integrated circuit design company and product solution provider in China, today announced that the Company through Nano bit HK Limited (“Nano bit”), its wholly-owned subsidiary, entered into a partnership (the “Partnership”) with BitFi, a…

Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis

Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis

DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ —  Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors.…

Massive Crypto ETF Exodus: $742M Vanishes Overnight

Massive Crypto ETF Exodus: $742M Vanishes Overnight

Recent data reveals a significant exodus from cryptocurrency exchange-traded funds (ETFs), with $742 million in collective outflows from Bitcoin (BTC) and Ether (ETH) ETFs. This sudden shift highlights investor uncertainty in the volatile crypto market, raising concerns about the stability of these investment vehicles. BlackRock, Valkyrie, and Grayscale Among Crypto ETFs Hit by $742M Reduction…

Backpack Announces Acquisition of FTX EU, Expands Crypto Trading Across Europe

Backpack Announces Acquisition of FTX EU, Expands Crypto Trading Across Europe

Backpack EU to offer crypto derivatives throughout the European Union including perpetual futures where no regulated products currently exist HANOVER, Germany, Jan. 7, 2025 /PRNewswire/ — Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the successful acquisition of FTX EU, the MiFID II-licensed former European arm of FTX. Approved by the FTX bankruptcy…

Bitcoin Rally 2025: Crypto Hits $100K as Investor Optimism Grows

Bitcoin Rally 2025: Crypto Hits $100K as Investor Optimism Grows

Bitcoin’s price has surged past the $100,000 mark once again, marking a significant milestone in the ongoing Bitcoin rally. With renewed investor optimism, U.S. regulatory reforms under President-elect Donald Trump, and the continued influx of funds into Bitcoin exchange-traded funds (ETFs), many believe the crypto market’s momentum will carry into 2025. However, questions remain about…