The recent underwhelming performance of Bitcoin has not gone unnoticed by institutional investors, who are now showing signs of bearish sentiment. Data from CoinShares has revealed a significant outflow of $284 million from Bitcoin investment products last week. Most of these outflows came from US Spot Bitcoin ETFs, with $156 million exiting these funds. This
In the recent surge of meme coins on Base, the TRUMP MAGA Base token has seen remarkable growth, particularly ahead of the US Presidential Election. The token, known as $TRUMP, has experienced significant price fluctuations, with a current market price of $0.00399. Following its launch, TRUMP token saw an impressive 24-hour change of +23,246%, reaching
Recently, it was announced that the Japanese exchange Coincheck is planning to become one of the two publicly listed exchanges in the United States, alongside Coinbase. This move is set to take place by the second or third quarter of this year through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners
APhone, a prominent provider of cloud-based infrastructure, has joined forces with the NFT marketplace Magic Eden to introduce their highly coveted Access Pass. This pass not only grants users access to APhone’s virtual smartphone app but also offers a myriad of exclusive benefits. APhone’s cloud-based infrastructure, powered by Aethir, enables users to utilize demanding apps
Digital asset investment products have been experiencing outflows consistently for the past four weeks, with the total amounting to $251 million. What is particularly concerning is that last week marked the first time there were “measurable outflows” from newly issued ETFs in the US, with a total of $156 million flowing out. This trend indicates
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
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
