The Federal Reserve’s decision had immediate repercussions in the financial markets, including the crypto sector.
The total April net outflows of $343.5 million has successfully broken the three months of consecutive inflow streak for the spot Bitcoin ETFs.
Despite Zhao plea and the severity of the charges, Binance continues to thrive in the booming cryptocurrency market, with over 40 million new users in 2023, up 30% from the previous year.
Hong Kong previously listed three futures-based crypto ETFs in late 2022.
The trading of spot Bitcoin ETFs in Hong Kong, which begins tomorrow, will further strengthen the long-term bullish sentiment.
The much-anticipated Bitcoin halving event on April 20 was expected to trigger a price surge but failed to deliver the anticipated impact. Instead, Bitcoin saw a subsequent 15% drop.
Consensys has argued that Ethereum is not a security but a global computing platform and its DeFi platforms are not securities brokers.
Blania said that Worldcoin is going to upgrade its verification system. The upgrade includes plans to introduce Orb models in various colors and expand their availability to more global locations.
April 24 marked the first-day IBIT experienced zero inflows, concluding its remarkable streak of positive trend.
Bitcoin’s decline to $64,000 had a widespread impact on the overall market, particularly affecting altcoins, which experienced larger drops than BTC.
While the $50 million penalty for Binance remains, the DOJ pushes for an aggressive stance against Binance and its top executives.
In an attempt to reverse its fortunes, Grayscale revealed its plan to launch an innovative low-cost version of its GBTC fund named “Grayscale Bitcoin Mini Trust” with just 0.15% fees.
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
The Bitcoin race to $100K and beyond was triggered by the BTC halving event 2024 over the weekend amid heightened demand from institutional investors.
The price trajectory of Bitcoin has remained little unchained despite speculations and projections by different analysts before the halving.