This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Collectively, the 14 US mining companies have a network hash rate of approximately 23.8% of the total market share.
Bitfarms plans to leverage its farm design expertise and operational excellence to make the new facility one of its best locations, well-optimized for growth.
Fidelity’s FBTC, the once-hot ETF, bore the brunt of the selling pressure, seeing its second-largest net outflow day ever with $106 million leaving the fund.
On Tuesday, several crypto mining stocks like CleanSpark, TerraWulf, Hut 8 Mining and other rallied by 8-10% following support from former president Donald Trump.
Even with positive inflation data, the Federal Open Market Committee (FOMC) decided to keep the federal funds rate target range at 5.25% to 5.50% during their June meeting.
The financial secretary also discussed Hong Kong’s effort in developing Web3 and the cryptocurrency market.
The upcoming FOMC meeting and the release of actual CPI data could significantly impact investor confidence and influence the net flow trend for Bitcoin ETFs.
GameStop announced the proceeds from the ATM program will be used for general corporate purposes including strategic acquisitions and investments.
The US spot Bitcoin ETFs registered a net outflow of about $65 million on Monday, coinciding with the crypto selloff in the past 24 hours.
Amid the GameStop stock drama, a meme coin dubbed $GME has been making waves in the cryptocurrency market.
The analyst believes that fund managers will now be seeking to reallocate resources.
Two financial stakeholders in Malaysia have partnered to give citizens access to cryptocurrency, through digital asset exchange-traded funds for BTC, ETH, and blockchain-related companies.
While Gold ETFs have been for the past 20 years, five-month-old US spot Bitcoin ETFs currently have 60% of their AUM.
While waiting for the SEC’s decision on its application, ProShares launched two new Ethereum-linked futures ETFs on June 4.
Hong Kong’s move towards staking for spot Ethereum ETFs could be a game-changer, giving them a competitive edge over US ETFs and solidifying Hong Kong as a leading digital asset hub.