US Bitcoin ETFs See $1.14B in Outflows Over Two Weeks Amid Trade Uncertainty
Bitcoin exchange-traded funds (ETFs) in the US have experienced their largest-ever two-week outflow as investor sentiment weakened due to escalating trade tensions between the US and China. According to data from Sosovalue, spot Bitcoin ETFs saw a net outflow of more than $1.14 billion in the two weeks leading up to Feb. 21. This marks […]
Dubai Approves USDC and EURC as First Stablecoins Under Token Regulations
The Dubai Financial Services Authority (DFSA) has granted official recognition to Circle’s stablecoins, USD Coin (USDC) and EURC, under its crypto regulatory framework. This marks the first time stablecoins have been approved under the regime. With this approval, businesses operating within the Dubai International Financial Centre (DIFC) can now integrate USDC and EURC into various […]
Strategy Acquires 20,356 Bitcoin for Nearly $2B, Closing in on 500K BTC Holdings
Strategy has expanded its Bitcoin portfolio by purchasing an additional 20,356 BTC for approximately $1.99 billion, further solidifying its position as the largest corporate Bitcoin holder. Formerly known as MicroStrategy, the company led by Michael Saylor secured the latest acquisition at an average price of $97,514 per BTC. This brings Strategy’s total Bitcoin reserves to […]