Bitcoin stalled for most of Monday before making another run at $40,000 as of press time.
On Monday, CoinDesk reported that Bitwise Asset Management, a crypto investment firm with $1.2 billion in assets under management, raised $70 million at a $500 million valuation.
Crypto is gradually making its way into the multi-asset universe, evidenced by Bitwise’s plans to grow and establish ties with financial advisory firms. Also, last week State Street, a U.S.
The aggregated dollar value of open interest – bitcoin futures contracts traded but not settled – has climbed to $13.1 billion, the highest since May 19, data from Skew shows.
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