Bitcoin ETFs reversed their two-day losing run with $241 million in inflows, led by Blackrock’s IBIT. Ether ETFs, however, continued their outflow streak, shedding $79 million across five funds. Bitcoin ETFs Bounce Back as Ether ETFs Mark Third Day of Outflows After two straight sessions of redemptions, bitcoin exchange-traded funds (ETFs) finally flipped the script
A groundbreaking development is stirring in South Korea’s financial sector, signaling a potentially massive shift towards digital assets. NH Nonghyup Card, a prominent financial institution, has taken a significant step by filing for 12 trademarks related to a Korean won stablecoin. This bold move, initially reported by News1, includes the notable name NHCardKRW, indicating a
RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status. The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday
Australian fitness equipment maker Fitell fell 21% on Wednesday after announcing it bought more than 46,000 Solana for around $10 million. The Nasdaq-listed company closed Wednesday’s trading session at $6.65, only making a mere increase of 0.15% and closed the after-hours session at $6.66, according to Google Finance. Shares of Fitell dropped to $6.65 at
M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has invested $20 million in Ethena’s governance token, ENA. The move underscores a push to connect Middle Eastern investors with new digital asset infrastructure at a time when the region is seeking a larger role in global finance. Ethena is best known for its crypto-native
Nine major european banks have joined forces to launch a euro-denominated stablecoin regulated under the trading block’s Markets in Crypto Assets regime (MiCA). The banking giants involved are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. Earlier this year, CoinDesk reported that Dutch bank ING was working on a
A government shutdown is on the agenda in the US, effective midnight on September 30, if Congress and the White House fail to reach an agreement on the federal budget. That possibility puts the economy under new pressure eight months into President Donald Trump’s second term. The Trump administration’s tariffs imposed as part of its
The SEC has officially approved the Hashdex Nasdaq Crypto Index US ETF to operate under new generic listing standards, giving it the greenlight to add XRP, SOL, and XLM to its existing portfolio of BTC and ETH. The ETF, listed as NASDAQ:NCIQ, made the change last Thursday after updating its trust structure to meet the
Crypto treasury companies are starting to see share price gains off the back of stock buyback programs, which analysts say could be a sign that the companies are now battling for credibility. Trump Jr.-linked media company Thumzup, which holds Bitcoin (BTC) and Dogecoin (DOGE), said on Wednesday it was increasing a share buyback from $1