Outflows Slowdown Outflows from Grayscale’s Bitcoin Trust (GBTC) are easing, as seen in Bitcoin ETFs’ trading activity. Investor anxiety over Grayscale’s Spot ETF seems to be settling, with the ETF cohort attracting significant trading volumes and asset growth. GBTC’s daily outflows dropped to $44.2 million on Friday, the lowest since spot Bitcoin ETFs launched. Stabilization…
Background Since China’s crypto mining ban in 2021, the US has become a major hub for Bitcoin miners. However, regulatory agencies have been tightening their oversight of the industry. Last month, an emergency approval was issued for a survey to collect sensitive data from crypto mining companies operating in the US. This led to a…
Crypto Investment Products See Record Inflows Crypto investment products have seen a notable surge in investor interest, marking their fourth consecutive week of substantial inflows. According to recent data from CoinShares, these products attracted roughly $598 million in investments over the past week alone. This influx of capital brings the year-to-date inflows to $5.7 billion,…
Hong Kong-based cryptocurrency exchange BitForex is in crisis mode after its website went offline on February 23 following the reported withdrawal of $57 million from its hot wallets. Wash Trading Scandal and Website Shutdown Decentralized finance (DeFi) detective ZachXBT brought the incident to light on Twitter, raising concerns about the exchange’s operations. BitForex has yet…
Ryoshi, the anonymous founder of Shiba Inu, the second-largest meme coin, has shared their vision for the project’s future. Community-Driven Growth Ryoshi praised the SHIB community for its organic growth and resilience, emphasizing that it’s greater than any individual, movement, or nation-state. They stressed the importance of implementing ideas properly to ensure a solid foundation…
Ethereum Whales Show Confidence in Long-Term Investment Ethereum whales have withdrawn a significant amount of ETH from exchanges, signaling confidence in the asset’s long-term value. A notable whale, labeled 0x8B94, withdrew 14,632 ETH (approximately $45.5 million) from Binance and staked it within six days. Two fresh whale wallets transferred 6,000 ETH (amounting to $18.7 million)…
Ethereum has surged ahead of Bitcoin in recent weeks, reaching a peak of $3,130, its highest level since April 2022. While Bitcoin has been consolidating, Ethereum has been on a bullish run, jumping over 7% in the past week. Positive Funding Rates Indicate Bullish Sentiment The ETH funding rate, which tracks fees exchanged between traders…
Bitcoin and Ethereum: A Valuable Insight Crypto analyst Rager recently shared valuable insights for Bitcoin and Ethereum investors ahead of the upcoming bull run. He believes that the best time to invest in these two crypto tokens is around the Bitcoin Halving. Rager predicts a “nice dip” between now and May, presenting an ideal opportunity…
PANDORA, the first token to use the Ethereum ERC-404 token standard, recently experienced a significant price surge, rising around 50% to clear $24,000. Several factors contributed to this rally. Whale Activity Significant whale activity was observed in the days leading up to the price surge. On February 20, a whale spent $4.89 million to purchase…
Bitcoin Correction Unlikely, But Short-Term Pullback Possible Macro investor and fund manager Dan Tapiero believes that digital assets are still in the early stages of their bull run, making a significant correction for Bitcoin (BTC) very unlikely. In a recent video update, Tapiero, the CEO of investment firm 10T Holdings, told host and SkyBridge Capital…
