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BlackRock Bitcoin ETF Loses $528 Million, Second Largest Daily Outflow on Record

BlackRock’s iShares Bitcoin Trust lost $527.84 million on Wednesday, the second-largest single-day net outflow since the fund launched in January 2024, according to SoSoValue data. This figure narrowly missed the record. IBIT’s largest outflow on record remains the $528.3 million withdrawn on January 30, of which Wednesday’s drawdown came close to around $500,000. The fund

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BTC Could Fall Much Lower As $150 Billion Treasury Operation Approaches

Fund manager issues stark warning: Bitcoin BTC$72,903.98 The ongoing sell-off could deepen as upcoming US Treasury operations are expected to drain around $150 billion of liquidity from the financial system. “In my experience, Bitcoin tends to be a better indicator of liquidity than most other instruments. If Treasury regulations weigh on liquidity, then Bitcoin could

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Bitcoin Falls Below $73,000 as US Strikes on Iran Trigger Billion-Dollar Liquidations

Bitcoin fell below $73,000 for the first time in months as new US strikes on Iran sent risk assets lower and triggered one of the biggest sell-off events of the year. Bitcoin BTC$72,753.98 was trading at $72,978 during Asian hours on Thursday, down 3.4% over 24 hours and 6.3% over the past seven days, according

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Bitcoin on the ropes at $75,000 as AI token rally runs out of steam: Crypto Markets Today

The crypto market is at a critical point on Wednesday, with bitcoin BTC$73,277.93 The price is close to the $75,000 support level after failing to breach the $78,000 level on Tuesday. The Ether (ETH) chart tells a similar story. The second-largest cryptocurrency by market cap was rejected at $2,150 on Tuesday and fell towards the

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Singapore charges former Hodlnaut CEO Zhu Juntao over Terra collapse allegations

Singapore authorities have charged crypto lender Hodlnaut’s former CEO Zhu Juntao with fraud, almost four years after the company froze withdrawals during the collapse of the TerraUSD ecosystem. Singapore police said on Tuesday that Zhu faces six charges of fraud by false representation. Prosecutors allege that Zhu directed employees in 2022 to post false statements

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Bitcoin gauge tracking selling pressure moves into ‘high risk’ zone as BTC ETF demand collapses

The institutional offer under Bitcoin BTC$74,067.20 works with steam. US spot Bitcoin ETFs have absorbed a net 4,500 BTC since the start of the year, an unusually low number given that the products were the structural buyer that fueled the 2025 rally, according to Swissblock data shared on Tuesday. March and April produced a steady

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The US CFTC files a request to cancel the Gemini settlement which it no longer considers fair

The US Commodity Futures Trading Commission wants to end a long-standing dispute with cryptocurrency exchange Gemini, with the agency insisting that its own staff’s claims that Gemini made misleading statements were not handled properly. The CFTC filed a request alongside Gemini in federal court to overturn a settlement reached early last year, with the current

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BTC pulls back near $74,000 as investors look elsewhere for gains

Just $70 billion ago, memory chip maker Micron Technology (MU) yesterday soared 21% and surpassed a $1 trillion valuation, alongside a massive hike in UBS’s price targets. South Korean company SK Hynix followed suit, rising 9.3% on Wednesday in Seoul to surpass $1 trillion in market value. Its shares are up more than 1,000% in

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