Bitcoin ETFs saw a $751 million net outflow in August, a first-ever event. Ethereum ETFs absorbed a massive $3.9 billion in net inflows in August. BTC’s price has fallen below key short-term holder cost basis levels. A stunning and unprecedented reversal has rattled the very foundations of the cryptocurrency market. For the first time since
Cryptocurrency investment products attracted renewed inflows last week, offsetting the prior week’s $1.4 billion outflows. Crypto exchange-traded products (ETPs) logged $2.48 billion in inflows last week, data from CoinShares showed Monday. Despite inflows, Bitcoin (BTC) struggled in terms of market price, slipping under $108,000 after briefly trading above $113,000 earlier in the week, according to
The Trump administration is reportedly looking at a postwar plan for Gaza that proposes using tokenized land and digital tokens to relocate and rehouse residents under a potential US takeover. The Washington Post reported on Sunday that a 38-page prospectus for a post-war Gaza, called the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust),
The Trump family has pulled off a crypto deal worth more than $500 million, with their own companies sitting on both ends of the transaction. According to The Wall Street Journal, the former real estate dynasty now makes most of its money from crypto. At the center of the operation is World Liberty Financial, the
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$107,590.02 has breached key support levels in a sign of increasing bearish momentum that suggests a risk of a slide to $100,000. The leading cryptocurrency by market value fell 6.5% in August, ending the four-month winning streak as the U.S.-listed
Arichain, a cutting-edge L1 blockchain, has collaborated with OGAudit, a popular blockchain safety and tracking platform. The partnership focuses on driving blockchain innovation as well as enhancing expansion. As mentioned in Arichain’s official social media announcement, the development is aimed at broadening communities along with exploring unique opportunities within the blockchain sector. Hence, this move
Solana’s Alpenglow proposal, which seeks to slash the blockchain’s transaction finality to around 150 milliseconds, is expected to proceed after 99% have voted in support of it, with just two days left for voting. The Alpenglow consensus protocol was unveiled in May by Anza — a Solana development firm spun out of Solana Labs —
A crypto analyst known for calling the 2021 crypto market collapse says that Bitcoin (BTC) is showing signs that its about to rally for another leg up. Pseudonymous crypto trader Dave The Wave tells his 153,000 followers on X that the top crypto asset by market cap is showing “classic” signs of an upwards impulse.