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13 Aug 2025, 14:19
Ethereum Shorts Liquidated as Market Rally Sparks Volatility and Bullish Sentiment
Approximately $135 million in Ethereum shorts were liquidated due to a sharp price rally, primarily affecting high-leverage traders globally. This event highlights the risks involved in crypto trading amidst high
13 Aug 2025, 14:15
Choreo’s Strategic Move: $6.5M Bitcoin ETFs Investment Signals Growing Confidence
BitcoinWorld Choreo’s Strategic Move: $6.5M Bitcoin ETFs Investment Signals Growing Confidence In a significant development for the cryptocurrency market, leading wealth manager Choreo, overseeing an impressive $27 billion in assets under management, recently made a notable Choreo investment . The firm has disclosed holdings of $6.5 million in Bitcoin ETFs , a move that underscores the increasing mainstream acceptance of digital assets. This strategic allocation highlights a growing trend among traditional financial institutions embracing the potential of cryptocurrencies. Why Are Wealth Managers Turning to Bitcoin ETFs? The decision by a substantial wealth manager like Choreo to allocate capital to Bitcoin ETFs is not merely a headline; it is a strong indicator of evolving investment strategies. For years, Bitcoin was largely seen as a speculative asset. However, the introduction of spot Bitcoin ETFs has provided a regulated and accessible pathway for institutions to gain exposure to Bitcoin without directly holding the cryptocurrency. Accessibility: ETFs trade on traditional stock exchanges, making them easy to buy and sell through existing brokerage accounts. Regulation: Being regulated products, they offer a layer of investor protection and compliance that direct crypto holdings might not. Diversification: For many wealth managers, adding Bitcoin exposure can offer diversification benefits within a broader investment portfolio. This accessibility and regulatory clarity are crucial for firms managing significant client assets, enabling them to explore new asset classes responsibly. Understanding Choreo’s Strategic Crypto Investment Choreo’s disclosed holdings reveal a clear preference for established and reputable Bitcoin ETF providers. Their crypto investment is primarily concentrated in two major funds: BlackRock’s IBIT: Choreo allocated $3 million to this fund, which has quickly become a leader in the Bitcoin ETF space. Fidelity’s FBTC: An additional $1.3 million was invested in Fidelity’s offering, another highly regarded ETF. These choices reflect a cautious yet confident approach, opting for funds from firms with extensive experience in traditional finance. This focused allocation demonstrates a belief in the long-term viability of Bitcoin as an asset class within a diversified portfolio. The firm is clearly making a calculated move to capture potential growth in the digital asset sector. The Broader Picture: Accelerating Institutional Adoption Choreo’s Bitcoin ETFs investment is part of a larger narrative of accelerating institutional adoption of cryptocurrencies. More and more traditional financial players are recognizing Bitcoin’s potential as a store of value and a legitimate asset. This trend is vital for the maturity and stability of the crypto market. What does this mean for the average investor? It suggests that the perceived risk of investing in Bitcoin is decreasing as major financial entities lend their credibility. As more wealth managers and institutional investors enter the space, it can lead to increased liquidity and potentially more stable price action for Bitcoin. What Does This Mean for Your Portfolio? The move by Choreo underscores a significant shift in how financial advisors view digital assets. It’s no longer a niche interest but a legitimate consideration for portfolio diversification. While individual investment decisions should always align with personal financial goals and risk tolerance, the increasing presence of firms like Choreo in the Bitcoin ETFs market signals a growing mainstream acceptance. This development could pave the way for more widespread discussions about including digital assets in client portfolios. It highlights the importance of staying informed about the evolving landscape of crypto investment and understanding how these trends might impact broader financial markets. In conclusion, Choreo’s $6.5 million investment in Bitcoin ETFs is a powerful testament to the growing confidence in digital assets among established financial institutions. This strategic move by a significant wealth manager not only validates Bitcoin’s position but also signals a new era of accelerated institutional adoption . As more firms follow suit, the integration of crypto into traditional finance will likely deepen, reshaping the future of investment. Frequently Asked Questions (FAQs) Q1: What are Bitcoin ETFs? Bitcoin ETFs (Exchange-Traded Funds) are investment funds that hold Bitcoin and trade on traditional stock exchanges. They allow investors to gain exposure to Bitcoin’s price movements without directly buying or storing the cryptocurrency. Q2: Why is Choreo’s investment in Bitcoin ETFs significant? Choreo is a large wealth manager with $27 billion in assets under management. Their $6.5 million Choreo investment in Bitcoin ETFs signifies increasing confidence and institutional adoption of digital assets by traditional financial firms, making crypto more mainstream. Q3: Are other wealth managers also investing in Bitcoin ETFs? Yes, Choreo’s move is part of a broader trend. Many wealth managers and institutional investors are beginning to explore or already hold positions in Bitcoin ETFs as they seek diversification and exposure to the growing digital asset market. Q4: What does this institutional interest mean for the future of crypto investment? Increased institutional adoption , as seen with Choreo’s crypto investment , can bring more liquidity, stability, and legitimacy to the cryptocurrency market. It may also encourage more regulated products and services, making crypto investment more accessible and less volatile in the long term. Q5: Which specific Bitcoin ETFs did Choreo invest in? Choreo primarily invested in BlackRock’s IBIT, allocating $3 million, and Fidelity’s FBTC, with an investment of $1.3 million. These are two of the largest and most prominent spot Bitcoin ETFs available. If you found this article insightful, consider sharing it with your network! Help us spread the word about the exciting developments in the world of digital finance and institutional adoption of cryptocurrencies. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Choreo’s Strategic Move: $6.5M Bitcoin ETFs Investment Signals Growing Confidence first appeared on BitcoinWorld and is written by Editorial Team
13 Aug 2025, 14:14
Solana Leads Altcoin Rally as Crypto Market Cap Reaches Record High
On Aug. 13, the total market capitalization of the cryptocurrency ecosystem approached $4.2 trillion, reaching $4.189 trillion, a new all-time high. Solana Leads Top Altcoins as ETH Nears Lifetime High On Wednesday, the cryptocurrency ecosystem’s total market capitalization neared the $4.2 trillion mark after several high-cap altcoins recorded significant 24-hour gains. As shown by Coingecko
13 Aug 2025, 14:14
Ethereum’s Surge Highlights Growing Altcoin Interest Amid 6% Drop in Bitcoin Dominance
Recent data shows that altcoin interest has surged, with Ethereum, Solana, and Dogecoin leading the gains. Bitcoin’s market dominance has dropped by 6%, indicating a shift in investor focus towards
13 Aug 2025, 14:14
Do Kwon Pleads Guilty to Fraud Charges in Terra Collapse Case
Do Kwon pleads guilty to wire fraud, conspiracy charges in NYC court. Sentencing set for December 11, with plea deal limiting prison to 12 years. Terra collapse tied to $40 billion losses; Kwon remains in U.S. custody. South Korean entrepreneur Do Kwon, co-founder of Terraform Labs and developer of the TerraUSD and Luna cryptocurrencies, has pleaded guilty to two counts of conspiracy to commit fraud and wire fraud, Reuters reports. He had previously pleaded guilty in January to nine counts, including securities fraud and money laundering, with his trial initially set for January 26, 2026. Prosecutors allege Kwon misled investors in 2021 by falsely claiming the Terra Protocol algorithm automatically re-pegged the TerraUSD stablecoin to $1 after a price drop. In reality, he orchestrated a covert purchase of the token by a high-frequency trading firm to artificially inflate its price. ”Do Kwon used the technological promise and investment euphoria surrounding cryptocurrencies to commit one of the largest frauds in history,” said Manhattan U.S. Attorney Jay Clayton. His false statements and actions prompted retail and institutional investors to buy Terraform products, pushing Luna’s market capitalization to $50 billion in spring 2022. However, the collapse of TerraUSD and Luna led to combined losses estimated at $40 billion. In court, Kwon apologized: ”I made false and misleading statements about the reason for the re-pegging without disclosing the role of the trading company in this process. What I did was wrong.” The verdict is slated for December 11, 2025. While the maximum sentence is 25 years, prosecutors agreed to recommend no more than 12 years if Kwon fully admits responsibility. In 2024, he agreed to pay an $80 million civil penalty and was banned from cryptocurrency transactions as part of a $4.55 billion settlement with the US Securities and Exchange Commission. Following his extradition from Montenegro in late 2024, Kwon is in U.S. custody but will also face trial in South Korea. His extradition was initially complicated by multiple appeals and lawsuits. The Montenegrin Court of Appeal overturned the extradition decision in March 2024, but U.S. representatives planned to appeal, while Montenegro’s Prosecutor General’s Office sought to reverse the ruling. Related Legal Cases Highlight Growing Crypto Industry Scrutiny Do Kwon’s guilty plea is part of a broader wave of legal actions targeting major figures in the cryptocurrency industry. Similar high-profile trials have sent strong signals about regulatory enforcement and accountability. For instance, former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in 2024 after being found guilty of a range of fraud charges related to the collapse of his exchange. Additionally, Roman Storm, co-founder of the Tornado Cash cryptocurrency mixer, was recently convicted of operating an unlicensed money transfer service and is awaiting sentencing. These cases, alongside Kwon’s, highlight increasing government efforts to clamp down on fraudulent and illicit activities in the crypto sector, emphasizing the need for greater transparency and investor protection in a rapidly evolving market. This trend underscores the growing risks for crypto entrepreneurs and the strengthening legal framework surrounding digital assets.
13 Aug 2025, 14:14
Whales Rotate Funds to Solana & These New Tokens — Is Remittix About To Become The Biggest Underdog Story Ever?
Capital is shifting again. Flows are leaning back toward Solana as traders favor speed, deep liquidity, and busy on-chain activity. Another name riding the spotlight is Hyperliquid, where perpetual volume and a fresh token narrative have sparked a wave of Hyperliquid Price Prediction threads. In the middle of this rotation sits Remittix (RTX) , a small-cap PayFi play on Ethereum that keeps winning mentions for clear delivery dates and real-world payments. Solana: flows, speed, and a clean technical map Live boards put Solana near the high-$180s today, with multi-billion dollar 24-hour volume and a top-10 market cap, signaling plenty of depth for larger tickets. The watch level remains how SOL behaves around recent swing areas as liquidity concentrates on majors. If risk stays firm, technicians still point to the $200–$300 band as the next meaningful zone to test. Source: CMC Community Analyst roundups this month cluster mid-cycle targets from roughly $400 on the high end for 2025, with more conservative desks centering near $500 over a longer window if network usage and app momentum hold up. That leaves upside room if volumes expand and headline risk stays quiet. Hyperliquid Price Prediction: can HYPE extend after support is held? HYPE trades in the low-$40s with heavy daily turnover and a market cap in the mid-teens, reflecting fast adoption of the Hyperliquid stack. Short-term structures improved after a strong hold at ~$35.65, with several desks mapping a push toward the $50–$56 area if buyers keep control. Others flag nearer targets around $43–$45 contingent on reclaiming the $40–$41 zone with volume. Longer horizon takes are more varied. Some forecasts pencil a 2025 high near $70 if liquidity remains supportive and ecosystem catalysts land on time. As always, invalidation sits below recent higher-lows, where a decisive break would argue for a deeper retest. Remittix (RTX): the underdog with a clock and a use case Remittix is built for PayFi, not memes. The project focuses on low-fee, crypto-to-bank payouts and cross-chain rails, which is why it keeps appearing on “utilities first” screens. Crucially, the team works off dated milestones and public funding tallies, and coverage this week highlighted progress toward a key threshold that could unlock the first exchange reveal. Why RTX is on watchlists right now Wallet beta publicly dated for September 15, 2025 Cross-chain path centered on Ethereum, with Solana connectivity at launch Utility lens: crypto payments into real bank accounts Funding round approaching a headline trigger per recent coverage One more catalyst to circle: Remittix says it will reveal the name of its first CEX listing when the raise hits $20M, a line in the sand that traders often front-run for liquidity. What this rotation is really saying Whale flows into Solana and fresh interest in Hyperliquid suggest the market is still rewarding throughput, depth, and places where traders can express risk cleanly. The Hyperliquid Price Prediction debate looks constructive above recent supports, while SOL’s path depends on whether volumes broaden into the next resistance band. RTX is the wildcard. It mixes small-cap reflexivity with a dated product and a potential CEX-name reveal, giving it a different kind of runway than momentum alone. In a cycle that keeps favoring projects that ship, that combination is why the underdog story is getting louder. Discover the future of PayFi with Remittix: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway