Crypto news

The US spot Bitcoin ETFs experienced a net outflow of $20.45 million on Wednesday. Interestingly, only two of them showed activity amid market uncertainty. Grayscale’s GBTC saw a $26.99 million exit, while Fidelity’s FBTC gained $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s BITB, and VanEck’s HODL, reported no flows. US Bitcoin ETFs’ Market Momentum Wanes According to data compiled by SoSoValue, trading volume for these 11 funds reached around...

Polymarket, the decentralized prediction market, has been going strong as the 2024 US Presidential election nears. With its bets representing how a significant portion feels about the unwinding election process, many feel Biden will drop out after a lackluster performance in his debate against Trump and now a New York Times article. The “Biden drops out of presidential race?” had 80% odds on Wednesday that the president of the US will drop out from the elections. It had already risen to 55%...

[PRESS RELEASE – Singapore, Singapore, July 4th, 2024] Pandiana, a Solana meme infused play-to-earn gaming has launched it’s much anticipated presale for $PNDA tokens, this announcement comes right after the team announced the raise of $500,000 in a pre-seed raise. The $PNDA token presale is set to begin today 4th of July 2024, marking a significant opportunity for Solana cryptocurrency enthusiasts and investors to become part of an innovative and engaging gaming ecosystem. A...

[PRESS RELEASE – HK, HongKong, July 4th, 2024] ASIC MARKETPLACE is celebrating 3 remarkable years of leading the industry as the most reliable Asic sourcing platform, serving robust ASIC Miners across the world, marking phenomenal achievement and growth in the mining landscape. ASIC marketplace has been in the industry since 2021, where it has performed as a pioneer in reselling the 12800+ ASIC Mining Hardware successfully to date across 80+ countries. marketplace calls...

Seychelles-based derivatives exchange, BitMEX has announced the launch of the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. The latest offering is designed to provide traders with an opportunity to gain exposure to the top meme coins in the market through a single contract. BitMEX’s MEMEMEXTUSDT Dubbed the “S&P500 for crypto meme coins,” this new offering will allow traders to speculate on the overall performance of popular OG meme coins such as Dogecoin (DOGE) and...

Justin Sun is back with another ambitious proposition. The Tron Founder has now set his sights on the German government’s BTC stash, boldly offering to buy it all off-market to “minimize the impact on the market.” It all started with the German government-labeled wallet’s suspicious transfer of 6,500 BTC on June 19, worth more than $425 million, which sparked concerns among traders about potential market turbulence. The wallet in question is believed to be linked to funds...

BTC’s price dropped to less than $61,000 on Wednesday, erasing its getting from the past few days. It shortly rallied to above $63,000. The sudden drop is mainly associated with the fears of Mt. Gox repayments, beginning this month and can occur anytime now. QCP Capital, a Singapore-based trading firm, explained, “The Mt Gox release is also slated to happen this week.” It spoke about how not knowing the exact repayment dates can hold BTC’s price down. “This overhang of up to 140,000 BTC...

After a grueling few weeks of BTC ETFs experiencing declining inflows and massive outflows, they attracted $129.45 million on July 1. That is after these ETFs recorded over $1 billion in outflows within a single week in June. And that happened twice. Unlike those spells, BTC ETFs observed a five-day consecutive spell of net inflows, with July 1 taking it into the hundreds of millions, marking the highest inflows since June 7. Simultaneously, bitcoin prices rallied to over $63,000, which it...

Crypto exchange Kraken is exploring utilizing nuclear energy to tap into a constant stream of power to keep its operations up. As the power consumption of AI companies increase, Kraken feels it is best to explore alternate sources to cover periods of power scarcity. It plans on partnering with those operating small modular reactors rather than building and utilizing its own. Since Kraken operates 24/7 globally, dealing with some of the largest volumes of crypto a Centralized Finance (CeFi)...

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