On Monday, May 13, the spot Bitcoin and Ethereum ETFs in Hong Kong experienced a significant outflow of $39.3 million, marking the highest total outflow since their launch on the Hong Kong Stock Exchange on May 2. Specifically, funds from issuers Bosera, China Asset Management, and Harvest collectively lost $32.7 million in Bitcoin, while Ethereum
Crypto
In the past 24 hours, the cryptocurrency market has experienced a significant calm after the storm, halting the bearish assault that was previously dominating. Bitcoin’s price is now hovering around $61K on a Sunday morning, while Ethereum has dropped below the crucial $3K level. Just a day ago, Bitcoin saw a sudden correction, plummeting below
Monero has seen a surge in discussions on social media platforms following the news of LocalMonero’s closure. Santiment data indicates a significant uptick in interest in Monero (XMR) as a result of this announcement. The closure of LocalMonero, a peer-to-peer exchange based on Monero (XRP), has generated a mix of internal and external factors as
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
Elliptic, a blockchain analytics company, recently announced a groundbreaking achievement in utilizing artificial intelligence (AI) to detect money laundering in Bitcoin. This research, conducted in collaboration with researchers from the MIT-IBM Watson AI Lab, has brought about significant advancements in the fight against illicit financial activities in the cryptocurrency space. The findings of Elliptic’s research
The resurgence of meme coins in the cryptocurrency market has sparked debates and concerns among industry experts. Chris Dixon, a general partner at Andreessen Horowitz (a16z), recently raised questions about the US regulatory system and its treatment of meme coins compared to other blockchain projects. He highlighted the fact that meme coins, which are primarily
The recent correction in the cryptocurrency market saw Bitcoin, Ethereum, and many other digital assets hit multi-month low prices. However, XRP managed to remain relatively resilient during this period. Despite briefly dropping below $0.50, the token has seen a 3% increase over a two-week period, according to CoinGecko’s data. This resilience has caught the attention
Bitcoin has been on a wild ride recently, with massive fluctuations in its price. From reaching almost $65,000 to dropping to a low of $56,500, the cryptocurrency has kept traders on their toes. The recent recovery saw Bitcoin climbing back up to over $63,000, demonstrating its resilience in the face of market volatility. Not only
Bitcoin recently experienced a significant drop of more than 15% from its mid-March peak, falling to a ten-day low of under $62,000. Analysts have noted that despite the completion of the halving, Bitcoin continues to display red candles, indicating a correction in the market. The uncertainty surrounding the current geopolitical and macroeconomic situation has added
Following the recent halving event, Bitcoin experienced a dip in price to $62,500, causing concern among investors. Although there was a brief surge above $67,000, the cryptocurrency has been on a downward trajectory, with the current price hovering around $62,000. This price movement has led to over $100 million in liquidations among over-leveraged traders, highlighting
