The recent decline in Bitcoin’s price has had a significant impact on the spot Bitcoin ETF market. According to BitMEX Research, the netflows of BTC ETFs have been negative for the past four trading sessions. This negative trend is mainly due to large outflows from Grayscale’s GBTC and record low inflows for market leaders like
The recent surge in inflammatory memecoins on the Solana blockchain has sparked outrage within the crypto community. Unknown parties have exploited Solana’s token creation feature to introduce thousands of memecoins with racist, antisemitic, and anti-China themes. This trend has raised concerns about the spread of hate speech and offensive material within the crypto ecosystem. Response
The recent surge in the price of Shiba Inu has led investors to seek out the next big meme coin for potential high returns. With Shiba Inu’s market cap at $15.59 billion, it has become a significant player in the meme coin market. However, concerns have emerged about the potential limitations on further growth due
Financial services firm Bernstein has recently revised their price expectations for Bitcoin, increasing their year-end target from $80,000 to $90,000. Analysts Gautam Chhugani and Mahika Sapra cited the strong Spot Bitcoin ETF inflow and record mining income as reasons for their bullish outlook on BTC’s price. The Spot Bitcoin ETFs have seen significant inflows into
The recent accusations made by Bryan Pellegrino, the co-founder and CEO of LayerZero, against Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC), have sent shockwaves through the crypto community. Pellegrino alleged that Davies tried to persuade LayerZero to transfer its entire treasury to 3AC shortly before the firm’s liquidation. This revelation, made
The San Diego federal court has made a significant ruling, stating that Silvergate Bank must face a class-action lawsuit filed by FTX users. The lawsuit alleges that the bank aided fraud at the exchange and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, the federal court judge denied
WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, recently received regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business in the state. This marks a significant milestone for the asset management firm, as it now has the green light to launch its WisdomTree Prime platform in New
In recent weeks, Bitcoin Spot ETF outflows have spiked, leading to price declines across the crypto space. The majority of these outflows are attributable to the Grayscale Spot ETF, with investors citing high fees as a primary reason for divesting. This trend has persisted for four consecutive weeks, marking the second occurrence of such outflows
5thScape, a virtual and augmented reality cryptocurrency gaming ecosystem, is currently in the midst of its ICO, with a staggering $1.9 million already raised. The platform offers access to an exclusive selection of VR games, educational resources, and blockbuster movies through its $5SCAPE token. With hyper-realistic gameplay and immersive experiences, 5thScape is making waves in
In a significant move, the Estonian government has approved legislation that will transfer oversight of the crypto industry to the Financial Supervision Authority (FSA) starting in 2026. The primary objective of this bill is to regulate local crypto service providers more effectively, thereby bringing stability to the emerging market. The proposed law will introduce stricter