S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating projects over market capitalization alone. The exclusion has led to a drop in market confidence for XRP reaching a new all-time high by the end of 2026, with odds falling from 8% to 7%. Investors will be watching for further updates from S&P Global and any responses from Ripple or regulatory developments that could affect XRP's future.
Bitcoin ETFs have sold off 917 BTC, worth about $57.63 million, indicating a notable shift in institutional sentiment. Major U.S. spot Bitcoin ETFs, including those by BlackRock and Fidelity, contributed to this outflow, which exceeds two days' worth...
Bitcoin's circulating supply has exceeded 20.07 million coins, reaching about 95.57% of its 21 million maximum. Despite this milestone, apparent demand remains negative, indicating that new coins are not yet fully absorbed by holders. Bitcoin trades ...
The crypto market remains range-bound with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly. Regulatory setbacks in the US, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARIT...
Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin due to persistent US fiscal deficits, with July's deficit hitting $432 billion. He links the government's high debt and spending to inflation and predicts these financial imbalances w...
Cboe BZX Exchange has filed with the SEC to list the first triple-leveraged Bitcoin and Ether ETFs in the US, aiming to deliver three times the daily returns using CME futures contracts. The proposal, submitted on August 10 and published on August 14...
