US Spot Bitcoin ETFs Face Record $938M Daily Outflow
The US spot Bitcoin exchange-traded funds (ETFs) have experienced their largest single-day net outflow, with nearly $938 million exiting the market as Bitcoin struggles to maintain levels below $90,000. According to CoinGlass data, the 11 Bitcoin ETFs collectively saw a net outflow of $937.9 million on Feb. 25, marking the sixth consecutive day of withdrawals. […]
3 Key Reasons Why Solana (SOL) Has Dropped 50% From Its All-Time High
Solana (SOL) has seen a sharp decline, falling 50% from its peak price of $295 on January 19. The 42% slump in February marks its worst monthly drop since the FTX collapse in November 2022. While concerns surrounding Solana’s upcoming 11.2 million token unlock and the LIBRA memecoin controversy may have contributed to the downturn, […]
Nasdaq Seeks Approval to List Grayscale Polkadot ETF
The Nasdaq stock exchange has filed to list a Grayscale exchange-traded fund (ETF) that would hold DOT, the native token of the Polkadot network, according to recent regulatory filings. If approved, the Grayscale Polkadot Trust would become part of the company’s expanding lineup of publicly traded cryptocurrency funds. This filing joins a growing number of […]
Bitcoin enters ‘technical bear market’ as BTC price drops 20% from ATH
Bitcoin hit fresh 15-week lows on Feb. 25 as selling pressure from the US market pushed BTC further downward. BTC price declines hit bear market territory Data from TradingView showed BTC/USD approaching the $86,000 mark, struggling to find strong support. At its lowest point since Nov. 13, Bitcoin remained under pressure following a wave of […]
Bybit CEO Declares ‘War on Lazarus’ After $1.4B Crypto Hack
Less than a week after cybercriminals drained over $1.4 billion from Bybit, the crypto exchange’s co-founder and CEO has vowed to fight back against those responsible. On Feb. 25, Bybit CEO Ben Zhou took to X to rally users in a “war against Lazarus,” referring to the North Korea-linked hacking group that orchestrated the attack […]
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 […]
The approval of an ETF could help Solana overcome its “meme chain” label.
When Solana launched in 2020, co-founder Anatoly Yakovenko envisioned it as a blockchain equivalent to Nasdaq— a hub for onchain financial markets. Fast forward five years, and the activity surrounding Solana has skewed more towards memecoin trading, which resembles the volatility of penny stocks rather than the stability of tech giants like Apple or Nvidia […]
Ethereum at a critical point: Can it skyrocket above $3,000?
Ethereum must break through the critical $3,000 psychological level to reverse its two-month downtrend, a move that now depends largely on investor sentiment in the wake of the biggest financial hack in crypto history. The second-largest cryptocurrency has been in a downward trajectory since reaching a high of over $4,100 on Dec. 16, 2024—its highest […]