Institutional fervor for cryptocurrencies reached an unprecedented level on October 7th. The spot Bitcoin ETF trading volume surpassed a staggering $7.5 billion in a single day. This milestone solidifies Bitcoin ETFs as an essential financial product for major players in the traditional financial sector, demonstrating profound adoption. This record volume, achieved during an “Uptober” rally, underscores a significant deepening of the Bitcoin market. A daily liquidity level of this magnitude rivals that of many major commodity ETFs. This sends a clear message: regulated access through ETFs continues to attract immense institutional capital into the ecosystem. The robust liquidity allows large…
Author: Luis Malave
Luis Malave
Periodista especializado en el ecosistema criptográfico con más de una década de trayectoria analizando la evolución de los activos digitales y la tecnología blockchain.Con una visión crítica y profundamente informada, se ha dedicado a descifrar las complejidades del mercado para audiencias globales, convirtiéndose en una voz de referencia en el periodismo financiero especializado.
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The AFL-CIO, the largest federation of unions in the United States, has voiced strong opposition to the latest legislative proposal on crypto assets in the Senate. Through a letter signed by its director of federal governmental affairs, George J. Sponson, the organization has issued serious criticism of the crypto bill, arguing that it weakens existing protections for investors and workers rather than strengthening them. The document details the union’s objections to the Lummis-Gillibrand Responsible Financial Innovation Act. According to the AFL-CIO, the proposal is actually deregulation in disguise, caving to pressure from the crypto industry. They warn that the bill…
Bitcoin production in September showed a notable slowdown for most of the main mining companies in the sector. This phenomenon occurred in a context of growing competition and a historic increase in the network’s mining difficulty, which has tested the profitability of operators. The information comes from the most recent production reports published by the mining companies themselves. The main reason behind this contraction is the unprecedented increase in mining difficulty, which reached a record of 142.34 trillion. This indicator reflects the amount of computational power needed to mine a Bitcoin block. Therefore, a higher level implies greater energy and…
