Hong Kong’s Bitcoin ETFs faced a setback shortly after their launch on April 30, as the China Asset Management Bitcoin ETF experienced its first cumulative daily BTC outflows on Monday. The outflow totaled $4.9 million, raising concerns about the performance of the newly introduced ETFs. Asset Flows Discrepancy While the China AMC Bitcoin ETF saw
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Coinbase’s chief legal officer, Paul Grewal, recently took to social media to criticize US SEC Chair Gary Gensler for allegedly spreading misinformation about the legal status of cryptocurrencies. In a bold statement, Grewal urged Gensler to stop misleading the market by claiming that tokens are not securities. He pointed to previous court cases where the
The recent surge in the meme coin market has brought forth a new contender, Aqua Cat on SOL (AQUACAT). This unique cat-themed coin has seen an astronomical price increase of 33,895% overnight, capturing the attention of traders worldwide. Unlike traditional cat coins, Aqua Cat stands out by being a lovable sea-otter coin disguised as a
Bitcoin (BTC) has recently seen a slowdown in its price movement, despite having recovered above $60,000. One of the main reasons for this tepid movement is believed to be the reduced demand for Spot Bitcoin ETFs. The Spot Bitcoin ETFs experienced a surge in net inflows in the first three months of their launch, which
The recent detention of Tigran Gambaryan, a US citizen and Binance’s financial crime compliance department head, in Nigeria has sparked outrage and concern within the crypto community. Binance CEO Richard Teng has strongly condemned Gambaryan’s detainment, labeling it as unjust and setting a dangerous precedent for companies globally. This act of inviting a company’s mid-level
Fantasy Top is not your typical fantasy football-style game. It operates on the Blast network and focuses on crypto influencers and their real-world social media engagement. Players compete by creating lineups of influencer NFT trading cards, each with its own rarity level. The higher the card’s rarity, the more points players can earn. This unique
Over the past month, Ethereum has shown signs of recovery in a generally bearish crypto market, closely following the modest uptrend of Bitcoin. While Ethereum’s price has seen a slight increase of 0.2% in the last 24 hours, there is a parallel trend brewing beneath the surface that could have a significant impact on Ethereum’s
Despite Cardano experiencing a recovery from its April lows and maintaining momentum above $0.45, there are mixed sentiments about its future trajectory. A crypto analyst known as ‘More Crypto Online’ has predicted that the altcoin is poised for more decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the
The recent crackdown on crypto firms by the Securities and Exchange Commission (SEC) has stirred up discussions within the industry. Bitwise Investments CIO Matt Hougan shed light on how the regulatory landscape could inadvertently be benefiting US crypto exchange Coinbase. In a recent social media post, Hougan pointed out that the current regulatory environment might
Robinhood’s cryptocurrency division recently found itself in hot water after receiving a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4th. The Commission’s staff, under the leadership of Gary Gensler, had been conducting an investigation into Robinhood’s cryptocurrency listings, custody practices, and platform operations. This ultimately led to a recommendation for
