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Despite these outflows, the overall net asset value (NAV) of Bitcoin spot ETFs remains substantial at $51.47 billion.
CoinShares has expanded its crypto operations from the European market to the United States through the recent acquisition of Valkyrie’s spot Bitcoin ETF.
In the heat of the exits and speculations, Tesla CEO Elon Musk has now revived his lawsuit against OpenAI and CEO Sam Altman
For more than 10 years, conversations and debates about full-RBF have enveloped the Bitcoin landscape.
Despite the current market volatility and criticism about the risks associated with synthetic stablecoins, Ethena has taken steps to manage these challenges.
According to the Minister, papers India adopted from its G20 presidency already regulate crypto but may require tailored risk profile.
In addition to Bitcoin transactions reaching an all-time high of $1.14 billion, separate data from blockchain analytics firm Dune shows that activity on the network surged.
As per the Kaiko data, the inability of top exchanges to allow XRP trading during the suit resulted in a strong surge in XRP trading interest that has shot up since the ruling.
The SEC argues that the request for internal and external emails related to digital asset regulation is “overly broad”.
In the short term, Bitcoin’s recent sharp drop and an RSI below 30 suggest it might be oversold, which could lead to a potential rebound soon.
The crypto fear and greed index currently sits at 34, indicating fear among investors.
At the recent Bitcoin Conference in Nashville, he promised that if elected, his administration would ensure that the US keeps 100% of all the Bitcoin it currently holds or acquires in the future.
Despite major Bitcoin fund outflows, spot Ether ETFs saw a net inflow of $48.73 million, suggesting investors view Ether as a hedge or buying opportunity.
Only a few days ago, the firm sold part of its shares in Coinbase.
Bitcoin’s recent performance brings back the memories, showing an undeniable semblance with the historic pattern of 2016.