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Bitcoin ETFs see worst outflows since August, as BTC and ETH products lose $1 billion

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U.S.-listed Bitcoin and Ether exchange-traded funds (ETFs) suffered major redemptions on Thursday, with nearly $1 billion withdrawn in a single session as crypto prices fell sharply and risk appetite evaporated. According to SoSoValue data, investors withdrew $817.9 million from US spot bitcoin ETFs on January 29, the largest daily outflow since November 20. Ether ETFs […]

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Vitalik Buterin withdraws $17 million from ether as Ethereum Foundation tightens spending

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Ethereum co-founder Vitalik Buterin said the Ethereum Foundation (EF) is entering a period of “light austerity” as it seeks to provide an aggressive scaling roadmap while ensuring its ability to sustain itself over the long term. In a post on Ether ETH$2,727.43 was trading around $2,720 on Tuesday, down significantly from its October high near

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BTC options flash troubling signs as traders eye $70,000

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Bitcoin volatility rose sharply during Thursday’s selloff as traders rushed to protect against the downside. Deribit’s Bitcoin Volatility Index, known as DVOL, jumped sharply from around 37 to over 44. DVOL is the closest crypto equivalent to Wall Street’s VIX, a fear gauge, which tracks traders’ expected price action over the next 30 days based

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Bulls lose $70 million as Ripple-linked token plunges 7%

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Pudgy Penguins is emerging as one of the strongest NFT native brands this cycle, moving from speculative “digital luxury goods” to a multi-vertical consumer IP platform. Its strategy is to acquire users through consumer channels first; toys, retail partnerships and viral media, then integrate them into Web3 via games, NFTs and the PENGU token. The

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Profit-taking in gold, silver and copper triggers unwinding of $120 million in token metals

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The crypto market’s close ties to traditional markets were laid bare Friday as a sharp drop in metals prices shook millions of leveraged bets on blockchain versions of gold, silver and copper. Three-month copper futures on the London Metal Exchange (LME) fell nearly 4% from Thursday’s peak above $14,500 a tonne, settling closer to $13,000

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Binance to Shift $1 Billion User Protection Fund to Bitcoin Amid Market Rout

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Binance, the leading cryptocurrency exchange, announced Friday that it will replace the stablecoin in its billion-dollar emergency user protection fund with bitcoin over the next 30 days. The move targets the Secure Asset Fund for Users (SAFU), which is a security fund created to protect users from losses due to unforeseen events such as hacks.

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Here’s Why Fed Rival Kevin Warsh Is Considered Bearish on Bitcoin

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On Thursday, President Donald Trump said he would announce his pick for chairman of the U.S. Federal Reserve to replace outgoing Chairman Jerome Powell after the latter’s term ends in May. Although nothing is confirmed yet, reports suggest that the Trump administration is preparing to nominate Kevin Warsh, who served on the Federal Reserve Board

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BTC moves end up liquidating $1.7 billion in bullish crypto bets

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The crypto market crashed hard over the past 24 hours, triggering $1.68 billion in liquidations as leveraged bets were wiped out on major exchanges, according to CoinGlass data. Around 267,370 traders were forced to abandon their positions, with long positions accounting for an overwhelming $1.56 billion, or almost 93% of the total liquidations. The shorts

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Cryptocurrency custody company Copper begins initial negotiations for an IPO as crypto ‘plumbing’ becomes Wall Street’s new favorite.

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Cryptocurrency custody firm Copper is beginning initial discussions about a public listing, according to three people with knowledge of the matter. Goldman Sachs, Citi and Deutsche Bank are among the investment banks potentially involved, according to a source. The decision whether to pursue a listing will depend on the company’s near-term revenue performance, said a

Cryptocurrency custody company Copper begins initial negotiations for an IPO as crypto ‘plumbing’ becomes Wall Street’s new favorite. Read More »

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