BNB Chain, the blockchain protocol associated with Binance, the world’s largest crypto exchange, has successfully completed its latest upgrade, the Haber hard fork, known as BEP 336.
The LayerZero Foundation has officially announced the opening of the claims for its much-anticipated native token, ZRO.
Leading global cryptocurrency exchange Binance announced Wednesday the launch of an airdrop initiative dubbed HODLer Airdrops to reward loyal BNB holders for their contributions and support for the platform.
In a revised S-1 form filed with the SEC, Bitwise revealed new details about its Ethereum ETF, including a $2.5 million seed investment.
Bitcoin’s decline triggered a chain reaction, impacting other cryptocurrencies, including Ethereum, which dropped 2.18% to around $3,440, while meme coins like Shiba Inu, PEPE, Dogwifhat, and Floki fell over 10%.
With the Federal Reserve keeping interest rates unchanged to 5.25%, the massive outflows recorded by the US spot Bitcoin ETFs bring the total assets under management (AUM) to under $15 billion.
The recent notable cash outflows from US-based spot Bitcoin ETFs have increased overall crypto fear leading to ongoing altcoin selloff.
The bearish sentiment wasn’t limited to the US. Even on the global scale, digital asset investment products saw their largest outflow of over $600 million in almost three months.
For Ethereum, Kaiko Research stated that the approval of the Ethereum ETF will lead to a long-term increase in price.
The liquidations primarily took place on centralized exchanges, with Binance recording the largest single liquidation order of around $4.21 million.
While Bitcoin (BTC) has been regarded as exponential gold, its recent growth has significantly slowed down, thus increasing the divergence between adoption and underlying value.
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.
The accelerated Bitcoin (BTC) purchases by institutional investors and some nation-states have reduced the overall selling pressure on centralized exchanges.
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 upcoming FOMC meeting and the release of actual CPI data could significantly impact investor confidence and influence the net flow trend for Bitcoin ETFs.