U.S. spot Bitcoin ETFs witnessed a significant wave of outflows this week, led by BlackRock’s IBIT, which saw its largest single-day redemption since early August, signaling a shift in short-term institutional sentiment. The products saw a net outflow of $388.43 million on October 30, with BlackRock’s IBIT contributing $290.88 million to the total—the largest single
Brazil’s largest bitcoin treasury firm OranjeBTC has repurchased 99,600 of its own shares and announced it will delay additional BTC purchases.Brazil’s OranjeBTC Joins Wave of Struggling Crypto Treasury Firms Turning to Buybacks The move comes as it moves to bridge the gap between its market price and the net asset value (NAV) of its bitcoin
Bitcoin’s foundational document turned 17, marking the journey of the world’s first decentralized digital currency from a niche financial experiment to a $2 trillion global asset held by governments and institutions. Bitcoin creator Satoshi Nakamoto first shared the Bitcoin white paper 17 years ago today, on Oct. 31, 2008, in response to the global financial
On Oct. 31, 2008, while most of the world was carving pumpkins and collecting candy, an anonymous coder dropped something far more enduring into the void: a nine-page white paper that redefined money itself. The Night the Mask Slipped—Just Enough Halloween is a holiday of masks, shadows, and transformations—an almost poetic date for a pseudonym
Bitcoin continued to consolidate near $110,000 on Friday, showing resilience despite ongoing volatility in the broader crypto market. The digital asset remains in a corrective phase within a larger bullish structure, as traders weigh whether recent inflows and rising open interest could mark the start of a renewed uptrend. Buyers Defend $109,000 Support Bitcoin’s 4-hour
Bitcoin’s latest rally is hitting significant resistance. According to on-chain analyst Axel Adler Jr., this price ceiling is caused by long-term holders (LTHs) taking profits. Adler pointed out that LTHs have been actively selling since July 1. The total distribution volume from this cohort has now reached 810,000 BTC. During this same period, their combined
If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with
According to new data from CoinGlass, traders of Bitcoin are preparing for a possible $3,000,000,000 liquidation event that could occur if BTC rises to about $112,600. A massive cluster of short positions is accumulating just above the current market level, according to the most recent liquidation map. If bulls are able to drive prices even
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3627.75, up 4.0% (+138.28) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: FIL (+7.3%) and SUI (+6.6%). Laggards: UNI (+1.5%) and BTC (+3.1%). The
At Jensen Huang’s recent appearance in Seoul, attendees waved smartphones showing stock tickers for Nvidia and Samsung rather than crypto charts. Meanwhile, trading volumes on Upbit, South Korea’s largest crypto exchange, have declined by 12.8% recently, indicating a notable shift in retail investor sentiment. Korean Retail Market Rotates From Crypto to AI-Linked Equities South Korea