US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $120.2 million in net outflows on Wednesday, bringing withdrawals across the first two sessions of the holiday-shortened week to $166.8 million, according to Farside Investors data. The ARK 21Shares Bitcoin ETF (ARKB) led Wednesday’s withdrawals with $78 million, followed by Grayscale’s Bitcoin Trust ETF (GBTC) with $27.2 million
Bitcoin (BTC) sell-side risk remains near historic lows as August profit-taking cools, new data shows. Key points: Bitcoin’s sell-side risk ratio fell to seven from 16 in September, placing it among its lowest-ever readings. Selling pressure eased while Bitcoin held most of its 25% August gains. Bitcoin ETF investors have spent 229 sessions below their
Solana is making significant strides in the tokenized stocks market, leveraging its unique advantages to enhance its ecosystem. The recent addition of 20 new tokenized stocks, issued by Backpack Securities through Sunrise, marks a pivotal moment for Solana’s growth. This expansion comes amid increasing trading activity around the memestock narrative, signaling potential opportunities for investors.
Coinbase CEO Brian Armstrong said that Bitcoin may have passed its bottom in the current market cycle and that he expects it to re-enter an upward trend within the next one to two years. In an interview in Singapore, Armstrong offered his assessment of the future of the cryptocurrency market. The Coinbase executive stated that
Arya.ag, India’s largest agricultural warehousing business, is using the Avalanche blockchain to tokenize grain deposits, warehouse receipts and loan status, giving lenders what it says is a more reliable way to verify the crops backing agricultural loans. Nandan Nilekani, the co-founder of tech giant Infosys and project leader of India’s Aadhaar identity system, announced the
Stablecoin transfers exceeded $4 trillion in the last quarter, a substantial increase from previous periods. As highlighted by @a16zcrypto, this surge indicates a growing regulatory framework established by the $GENIUS Act. The call for passing the CLARITY Act emphasizes the need for further regulatory clarity in the crypto space, impacting future developments. The Latest figures
Scott Bessent’s Treasury Department is getting ready to buy back as much as $6 billion of US government debt after Scott defended action around the yen. Treasury announced the plan on Wednesday and said the goal is to keep trading in government bonds running smoothly. The amount is about three times larger than usual. Scott
BlackRock warned on Sept. 8 that rising Japanese government bond yields could weaken demand for U.S. Treasuries by giving Japanese investors more attractive returns at home. Japan’s 10-year government bond yield briefly exceeded 3% for the first time since 1996, while its 30-year yield reached a record 4.18%. The shift matters because Japan holds roughly
Zamanat, a worldwide Digital Shariah Assets market, has announced the launch of an exclusive private credit fund. In this respect, Zamanat has introduced the Zamanat Fund CEIC Limited to cope with the SME financing gap in the Gulf Cooperation Council (GCC) region. As Zamanat disclosed in its official announcement, the development underscores the initial live
Bitcoin’s on-chain sell-side risk has fallen to less than half its August peak, easing one measure of potential selling pressure even as a large block of older coins remains held at acquisition prices above the market. Analytics firm Glassnode’s Sept. 9 report, using on-chain observations through Sept. 7, puts its Sell-Side Risk Ratio at 7