The recent price action of Bitcoin has left institutional investors with a bearish sentiment, leading to a wave of massive outflows from Bitcoin investment products. Data revealed by CoinShares in a blog post indicated that Bitcoin investment funds experienced an outflow of $284 million last week. The majority of these outflows were attributed to the
Ethereum
In the latest Base meme coin pump, the new Trump MAGA Base token has surged ahead of the US Presidential Election. TRUMP is currently trading at a market price of $0.00399, showing a 24-hour change of +23,246%. The project saw an impressive +3,394% climb to hit an all-time high at $0.0069 shortly after its launch.
Digital asset investment products recorded outflows for the fourth consecutive week, totaling a significant $251 million. The latest data indicates the first instance of “measurable outflows” from newly issued ETFs in the US, with a total of $156 million in outflows noted last week. This trend is indicative of investor sentiment shifting away from digital
Recently, Hong Kong’s Bitcoin ETFs faced a setback after experiencing their first cumulative daily Bitcoin outflows since their launch on April 30. The China Asset Management Bitcoin ETF saw an outflow of $4.9 million, marking a significant change in the investment landscape for these products. Despite this setback, the other Hong Kong-based ETFs did not
Fantasy Top is a groundbreaking crypto-based fantasy football-style game that operates on the Blast network. This innovative game focuses on popular crypto influencers and their real-world social media engagement. Players are tasked with creating lineups of influencer NFT trading cards in order to compete against each other. The game offers cards with multiple rarity levels,
In recent weeks, Ethereum has shown signs of recovery in a bearish crypto market. While the price has slightly increased by 0.2% over the last 24 hours, there has been a notable change in the ETH burn rate. April witnessed Ethereum’s ETH burn rate hitting an annual low due to a decrease in network transaction
Robinhood’s crypto division recently received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. This notice followed an ongoing investigation by the Gary Gensler-led Commission staff into Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” before recommending an enforcement action against the firm. The Chief Legal Officer at Robinhood
Coinbase, the leading cryptocurrency exchange in the United States, recently reported its earnings for the first quarter of 2024. The company’s total revenue for the quarter stood at a remarkable $1.6 billion, representing a substantial 72% increase compared to the previous quarter. Moreover, Coinbase’s net income reached an impressive $1.18 billion, equivalent to $4.40 per
While the recent correction in the cryptocurrency market has caused prices of various digital assets like Bitcoin and Ethereum to hit multi-month lows, XRP has managed to show resilience. Despite briefly dropping below $0.50, XRP has actually seen a 3% increase over the past two weeks based on CoinGecko’s data. This has led to analysts
Bitcoin’s recent price fluctuations have been nothing short of dramatic, with prices swinging wildly from a high of almost $65,000 to a low of $56,500 within a matter of days. This volatility was fueled by a mix of market speculation and external factors, such as the US Federal Reserve’s decision on interest rates. While Bitcoin