$1.2 Billion Flows Out of Bitcoin ETFs in Under a Week
Over a span of eight days, the United States’ 12 registered Bitcoin ETFs experienced a total net outflow of $1.2 billion, according to Bloomberg’s latest data. Between August 30 and September 6, these outflows mark the longest stretch of net withdrawals since the ETFs were initially offered in January. During the early days of September, […]
Bitcoin Faces Potential Drop Below $50K as Whales Prepare to Sell BTC
Bitcoin might drop below the critical $50,000 mark this coming weekend, as noted by Arthur Hayes, the former CEO of crypto exchange BitMEX. In a recent post, Hayes expressed concerns about Bitcoin’s current momentum: “BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I […]
Crypto Market Plunges into ‘Extreme Fear’ as Experts Predict Bitcoin Drop Below $50K
Crypto market confidence has plunged, hitting its lowest point in over a month, sparking discussions of an imminent Bitcoin price downturn beneath the $50,000 mark possibly by this weekend. The Crypto Fear & Greed Index, which evaluates the overall mood in the cryptocurrency environment, dipped to 22, a level not observed since early August. Axel […]
Binance CEO Confirms CZ Is Permanently Barred from Running the Exchange
Changpeng “CZ” Zhao, soon to be released from a U.S. prison, may face a permanent ban from managing or operating Binance, according to a plea deal with prosecutors. A report from Axios on September 5 revealed that Binance CEO Richard Teng stated CZ received a lifetime ban from managing the exchange, contrary to earlier reports […]
Trump Pledges to Make US a Crypto Hub, Enlists Musk for Government Task Force
U.S. presidential candidate and former President Donald Trump recently expressed his support for the cryptocurrency industry and proposed Elon Musk to lead a new government task force. During a speech at the Economic Club of New York on September 5, Trump emphasized his commitment to embracing the digital asset sector. He pledged to cut ten […]
CFTC Accuses Uniswap of Unauthorized Derivatives Trading
The Commodity Futures Trading Commission (CFTC) of the United States has charged Uniswap Labs, the developer of the decentralized exchange, with the illegal provision of leveraged cryptocurrency trading to domestic retail investors. This development was revealed in a recent announcement on September 4. To resolve these charges, Uniswap Labs has consented to a settlement involving […]
US Regulatory Body Postpones Verdict on eco-friendly Bitcoin ETF Once More
The U.S. Securities and Exchange Commission has once again postponed its decision regarding the New York Stock Exchange (NYSE) Arca’s application to list a novel exchange-traded fund (ETF) that would combine spot Bitcoin and carbon-credit futures. This decision, detailed in a September 4 filing, follows a previous delay announced in May, with a new deadline […]
Polygon’s MATIC Transitions to POL, Enhancing Token Utility at a Rapid Pace
Polygon has upgraded its native cryptocurrency to the new Polygon Ecosystem Token (POL) as of September 4, effectively transitioning from MATIC on a one-to-one basis. This update positions POL as the main gas and staking token within the network, according to an announcement shared. Marc Boiron, CEO of Polygon Labs, highlighted the upgrade’s potential to […]
Analysts Predict 20% Bitcoin Drop Following US Fed Rate Reduction
Anticipated Federal Reserve interest rate reductions could precipitate a significant decline in Bitcoin prices, contrary to what many might expect, according to market analysts. Bitfinex’s team, in a recent advisory, suggested that Bitcoin could see a downturn of 15-20%, potentially lowering its value to between $40,000 and $50,000. This forecast is particularly noteworthy as September […]
Nvidia Faces Record One-Day Loss Following US Antitrust Investigation Subpoena
Nvidia experienced a significant market downturn, losing approximately $280 billion in market value following an antitrust subpoena from the U.S. Department of Justice (DOJ). This marked the largest single-day loss in U.S. stock market history, with Nvidia’s shares plummeting 9.5% to close at $108 on September 3, according to data from Google Finance. The stock […]