Bitcoin Hits Multimonth Lows As NYDIG Flags ‘Actual Capital Flight’
According to NYDIG research, the same money that pushed Bitcoin up into October’s peak is now pulling it down, and the pull looks structural rather than just emotional selling. Related Reading: Dogecoin Goes Wall Street: Grayscale Confirms Nov. 24 ETF Launch The firm’s head of research says a large liquidation in early October flipped spot ETF flows, pushed digital asset treasury (DAT) premiums lower, and coincided with a drop in stablecoin supply — a mix that points to liquidity leaving the system. ETF And Treasury Reversals Reports have disclosed that spot Bitcoin ETFs, once steady....
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Unchained Capital closed a $5.5 million equity seed round led by NYDIG, and the groups now seek to build out bitcoin-native infrastructure. The post Unchained Capital Closes $5.5 Million Round Led By NYDIG appeared first on Bitcoin Magazine.
Unchained Capital closed a $5.5 million equity seed round led by NYDIG, and the groups now seek to build out bitcoin-native infrastructure.
In a move that could reshape the Bitcoin lending market, Stone Ridge subsidiary NYDIG is gearing up to channel one of the biggest capital reservoirs in traditional finance—insurance float—into BTC-backed loans. The news, detailed in the 2024 Investor Letter from Stone Ridge CEO Ross Stevens, immediately attracted attention across the industry after its publication on […]
What do Unchained Capital, NYDIG, Swan Bitcoin, and BlockFi have in common? Third-party providers. Even though the four companies confronted the data leak head-on and admitted their wrongs, the compromised security was someone else’s. Luckily, the data the bad actors stole was not critical financial information, but marketing-driven personal info. Terrible, to be sure, but […]
Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s $200 million cash injection back in early March. In the previous funding round, Robert Gutmann, CEO of NYDIG, stated that the additional funds would be used to develop “Bitcoin-related strategic initiatives spanning from investment […]