The recent surge in inflows into US spot Bitcoin Exchange-Traded Funds (ETFs) has caught the attention of market participants and analysts alike. Over the past 17 days, these ETFs have experienced a remarkable streak of net additions, with a particularly notable day seeing inflows of $886.6 million – the second-highest single-day influx since their inception.
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The Chief Investment Officer at Bitwise, Matt Hougan, has pointed out that the market is failing to properly assess the significant changes in Washington’s stance on cryptocurrencies. In a memo issued on June 4th, Hougan explained that there has been a noticeable shift towards a more positive outlook on cryptocurrencies within the US political landscape.
In a recent announcement on June 3, Binance revealed its plan to restrict the availability of “unregulated stablecoins” in the European Union by June 30. This decision comes in preparation for the implementation of the Markets in Crypto-Assets Regulation (MiCA), indicating that certain stablecoins currently in circulation may not comply with the upcoming regulatory framework.
The Solana meme coin market is currently experiencing a surge, with the price of dogwifhat (WIF) increasing by an impressive 27% since the beginning of the week. Additionally, a new and exciting coin named Sealana (SEAL) has managed to raise over $3 million in funds. This surge in prices is a positive indicator of the
The recent events surrounding Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, have led to substantial financial losses for investors. Despite Binance’s initial promise to fully compensate victims of the virtual asset deposit service ‘GoFi,’ the asset claims of Gopax victims were sold at less than half their face value on May
In the ever-evolving world of cryptocurrency investments, Shiba Inu ($SHIB) has emerged as a front runner in 2024. With a current price of $0.00002547, Shiba Inu has seen a remarkable 200% increase from its price a year ago. This growth surpasses that of popular cryptocurrencies such as Bitcoin ($BTC) which saw a 158% increase, Ethereum
The Mollars token presale and project have received significant attention recently, with search volumes rivaling well-known tokens such as Bonk Inu (BONK) and Pepe (PEPE). A recent report released by the team behind Mollars sheds light on the types of crypto traders showing interest in the project. According to the report, Mollars ICO is gaining
The Nigerian High Court recently adjourned the money laundering trial against Binance and its executive, Tigran Gambaryan, to June 20. This decision was made in light of Gambaryan’s health concerns, as reported by the Economic and Financial Crimes Commission (EFCC). The defense counsel, led by Mark Mordi, informed the court of his client’s ill health
In a recent development, a Kraken executive has denied any plans to delist Tether’s USDT stablecoin in Europe. Mark Greenberg, the Global Head of Asset Growth & Management Business at Kraken, stated that the company is exploring all options to ensure that USDT remains available under the upcoming regulatory regime. Despite the uncertainties surrounding the
In the world of cryptocurrency, the market is constantly evolving. One of the most significant shifts currently taking place is the increased mainstream adoption of digital assets. With the recent Bitcoin halving and the hype surrounding BTC ETFs, more users are entering the space than ever before. This surge in interest is not only attracting