China News Daily Official TheBitTimes.com

According to companiesmarketcap.com, XRP is now the 100th largest asset in the world, with a market cap of $178.41 billion. XRP has overtaken BlackRock, the world’s largest asset manager, which has a market cap of $177.80 billion. The move is a significant milestone for the popular cryptocurrency. Source: companiesmarketcap.com Will XRP Climb To a New Peak After Overtaking BlackRock’s Market Cap? Source: Coin Edition While XRP’s market cap has hit a new milestone, the asset’s price has faced a sharp correction over the last few days. XRP climbed to a new all-time high of $3.65 on July 18. Since its peak, the asset’s price has fallen by 18.5%. XRP is also trading in the red zone in nearly all time frames. According to CoinGeck’s XRP data, the popular cryptocurrency is down 2.1% in the daily charts, 0.9% in the weekly charts, 9% in the 14-day charts, and 5.6% over the previous month. Despite the price dip, XRP has rallied by 389.2% since August 2024. So...

BlackRock has crossed a new milestone in its digital asset strategy, with cryptocurrency holdings now at $103.98 billion as of August 14, 2025, according to Finbold Analysis of data from blockchain intelligence platform Arkham . The portfolio includes $89.27 billion in  Bitcoin (743,310 BTC) and $14.71 billion in Ethereum (3.2 million ETH).  Notably, this marks a staggering $49.15 billion net increase since the start of 2025, when BlackRock’s crypto holdings stood at $54.83 billion, comprising $51.16 billion in BTC and $3.59 billion in ETH. BlackRock’s recent Ethereum accumulation Notably, the pace of Ethereum accumulation has accelerated sharply in recent months. At the start of the year, BlackRock held roughly 1.07 million ETH worth $3.59 billion. By June 30, that figure had climbed to $4.21 billion, and in just six weeks since, the position has more than tripled to $14.71 billion.  In percentage terms, Ethereum holdings have surged 198.64% in volu...

Institutional accumulation of Bitcoin (BTC) continues at full throttle.  On June 25, blockchain data flagged by Arkham Intelligence revealed that BlackRock and Fidelity collectively acquired more than $521 million worth of BTC in a single day. According to the transfer logs, BlackRock’s IBIT ETF address received 4,130 BTC, valued at approximately $436.3 million at the time of transfer, with the purchase coming from Coinbase Prime’s institutional custody, signaling a high-confidence allocation into BlackRock’s spot Bitcoin ETF structure. BlackRock is buying Bitcoin Fidelity is buying Bitcoin Grayscale is buying Bitcoin What do you think happens next? pic.twitter.com/D8Q2p5YIkG — Arkham (@arkham) June 24, 2025 Fidelity wasn’t far behind, snapping up 805 BTC worth $85.2 million, with two separate transfers of 74.5 BTC and 394.27 BTC routed to its FBTC ETF address. Both were executed within hours of each other, pointing to methodical layering of exposure. ...

Ethereum (ETH) is firmly on the radar of the world’s largest asset manager, and they’re buying. A lot. Every day. Indeed, BlackRock has been buying Ethereum every single day for more than two weeks straight, and they don’t seem to be slowing down. According to fresh data from Arkham Intelligence (June 11), BlackRock has scooped up a total of $570 million worth of ETH over the past two weeks. The buying spree is notable not just for its size, but for its consistency: BlackRock has purchased Ethereum daily for over two weeks, a pattern rarely seen from a player of this size. BlackRock ETH buys. Source: Arkham At the time of writing, Ethereum is trading at $2,733, and BlackRock now holds around 1.487 million ETH, currently valued at $4.06 billion. While this is still smaller than its massive Bitcoin position — BlackRock holds 662,871 BTC, worth roughly $70.98 billion, the pace of its ETH accumulation is turning heads. BlackRock ETH and BTC holdings. Source: Arkha...

BlackRock, the world’s largest asset manager with over $11.5 trillion in assets under management, has once again demonstrated its deepening commitment to digital assets. According to on-chain data, BlackRock recently acquired 2,704 BTC (worth approximately $283.9 million) and 28,239 ETH (valued at $73.2 million). BlackRock bought 2,704 Bitcoin pic.twitter.com/Y8xzZ1RppT — Quinten | 048.eth (@QuintenFrancois) June 5, 2025 BlackRock’s iShares Bitcoin Trust ETF (IBIT) sees record inflows This strategic accumulation comes as BlackRock’s iShares Bitcoin Trust ETF (IBIT) rapidly climbs the ranks, now sitting among the top 25 ETFs globally by assets under management, with $72.4 billion amassed in just 1.4 years.  Bloomberg ETF analyst Eric Balchunas highlighted IBIT’s “record-setting” inflows, $15.5 billion in just the first three months, putting it among the top ten ETFs in history for consistent inflow streaks. Here's a table of the Top 25 bi...

The company behind the second-largest USD-pegged stablecoin by market cap is naming its price for its upcoming US initial public offering (IPO). According to a Reuters report, USDC-issuer Circle says it is aiming for a $7.2 billion valuation in its upcoming IPO – about $28 per share – partially because of the current administration’s friendlier outlook on crypto regulations. US dollar-pegged stablecoins aim to maintain a 1:1 value with the US dollar. Tether’s USDT is the largest USD-pegged stablecoin by market value. Says Chief Investment Officer of Running Point Capital, Michael Ashley Schulman, “Issues regarding memecoin hype and more specifically Trump’s ventures into a namesake coin should not directly affect the outlook for stablecoins backed by hard currency.” According to the widely followed pseudonymous crypto analyst The Flow Horse, the Circle IPO valuation is “cheap.” “Circle IPO seems interesting to me....

According to the data from Farside Investors, BlackRock’s Bitcoin (BTC) ETF purchased $351.4 million worth of the asset on May 1. The world’s largest asset manager has bought $3.2 billion worth of BTC since Apr. 22. Also Read: Eric Trump Says Crypto Will Replace SWIFT: 3 Coins That Can Make It Happen Source: Farside Investors Bitcoin Gains Amid Big BlackRock Purchases Source: Watcher Guru BlackRock’s recent purchases coincide with BTC’s latest recovery rally. BTC is facing some resistance at the $97,000 mark. The asset briefly breached the $97,000 mark earlier today. The original crypto has since fallen to the $96,000 level. BTC is trading in the green zone across the board today. The asset is up 1% in the daily charts, 3.5% in the weekly charts, 14.8% in the 14-day charts, 14.3% in the monthly charts, and 67.8% since May 2024. Source: CoinGecko Also Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead Other bullish developments may have also aid...

The interest around exchange traded funds (ETFs) has been rising without a stop. Several have been diving into this sector with altcoins. While firms have already filed for prominent altcoins like Dogecoin (DOGE), Litecoin (LTC), XRP, Solana (SOL) ETFs, Shiba Inu did not want to be left behind. The community behind the meme coin network was seen pitching the idea of filing for a Shiba Inu ETF to firms like BlackRock and Grayscale Investments. Also Read: De-Dollarization: Deutsche Bank Predicts The Future Of The US Dollar Here’s Why Shiba Inu ETF Could Be A Game Changer Source: Watcher Guru Through a recent tweet, Shibarium Updates revealed several reasons on why firms like Grayscale and BlackRock should launch a SHIB ETF in the United States. In the post, the community member highlights why Shiba Inu could be a game changer in the sector. The X post notes how Shiba Inu ETFs have enormous market potential because of their robust community. Along with this, high liquidity, and retai...

Throughout the ongoing crypto bull run, meme coins have benefitted massively. Indeed, as Bitcoin has surged to an $89,000 all-time high this week, Dogecoin (DOGE) has surged more than 100% over the last seven days, according to CoinMarketCap. Yet, with Pepe (PEPE) seeing its market cap increase 24% in the last day, can it eventually flip Shiba Inu (SHIB)? The meme coin run seems to be fueled by the recent 2024 presidential election results. Donald Trump’s victory will see the first true crypto president take office. As his second term looms, the cryptocurrency sector could be set to surge massively. That could push Pepe into the top two meme tokens. Source -CoinGape Also Read: Pepe Coin: How High Can PEPE Surge In November 2024? Pepe to Supplant SHIB as 2nd Largest Meme Coin by Market Cap? The last year has been massive for the cryptocurrency industry. Through the past ten months, the asset class has grown exponentially. Prominent asset managers like BlackRock and Fidelity have em...

Continuing its massive success since receiving regulatory approval in January, BlackRock’s Spot Bitcoin ETF has officially surpassed $23 billion in net assets value after the figure surged 20% in the most recent Q3. Indeed, the product has been rallying significantly, having one of its best trading days of the year this week. A large part of its most recent success has been Donald Trump’s impending return to the White House. Emerging victorious in the 2024 presidential election, Trump pushed Bitcoin to a $76,000 all-time high Thursday. Moreover, that catapulted BlackRock’s Bitcoin ETF to seeing $1.1 billion in inflows in its best performing day yet. Also Read: Bitcoin Eyeing $100k Before Inauguration Day After Trump Win BlackRock Bitcoin ETF Keeps Surging: Hits $23B Mark Amid Record Day 2024 was always an important year for the cryptocurrency sector. Yet, it has gone as well as anyone could’ve imagined. The United States approved two crypto-based ETFs throughout ...

Also Read: Binance Delisting Cardano (ADA) And Polygon (MATIC), But’s There’s A Catch advertisement Carlyle Group Advocating For Bitcoin? When Bloomberg reporters asked if The Carlyle Group was pivoting to advocate for the top cryptocurrency, Rubenstein subtly denied the claim. However, the co-founder said he should have bought BTC when the Bitcoin price was around $100, just like Galaxy Digital CEO Mike Novogratz did. Novogratz and a lot of others who bought at $100 or less made a lot of money as BTC went as high as $69,000, he added. Further, Rubenstein said that outside the United States there is a lot of interest in the Crypto Market , despite skepticism from a section of lawmakers and the U.S. Securities and Exchange Commission (SEC). “I don’t think Bitcoin and other popular cryptocurrencies are going away. A lot of people around the world are interested in a currency that keeps the trades private from governments.” ...