Bitcoin ETFs in Hong Kong faced their first setback after launching on April 30, with the China Asset Management Bitcoin ETF experiencing its first daily outflow on Monday. According to Farside data, the China AMC Bitcoin ETF saw an outflow of $4.9 million. While other Hong Kong-based products did not see any flows, the Bosera
Coinbase’s chief legal officer Paul Grewal recently took to social media to criticize US SEC Chair Gary Gensler for allegedly misinforming the public about the legal status of cryptocurrencies. Grewal argued that cryptocurrencies do not fall under the category of securities, despite Gensler’s claims in a CNBC interview that many digital assets are indeed classified
The recent surge in meme coins has led to the creation of unique tokens like Aqua Cat on SOL, which has seen an astronomical price increase of 33,895% overnight. Unlike other cat-themed coins, Aqua Cat stands out as a sea-otter coin disguised as a cat, riding the waves of success in the high-energy Solana meme
The Binance CEO, Richard Teng, recently made a plea for the release of Tigran Gambaryan, a high-ranking executive at the exchange who has been detained in Nigeria. Teng expressed his belief that Gambaryan’s detention was not only unjust but also set a dangerous precedent for companies operating globally. According to Teng, Nigeria’s decision to detain
Bitcoin (BTC) has recently experienced a price slowdown, despite having recovered above $60,000. One of the factors believed to contribute to this tepid price movement is the reduced demand for Spot Bitcoin ETFs. These ETFs had initially recorded billions of dollars in net inflows in the first three months of their launch, leading to a
Fantasy Top is a groundbreaking crypto-based fantasy football-style game that is making waves on the Blast network. The game takes a unique approach by centering around popular crypto influencers and their real-world social media engagement. Players are tasked with creating lineups of influencer NFT trading cards to compete against each other in a battle for
In recent weeks, Ethereum has shown signs of a subtle recovery in the midst of a generally bearish crypto market, with the altcoin following Bitcoin’s modest uptrend. While Ethereum’s price has seen a slight increase of 0.2% over the last 24 hours, there is a parallel trend developing that could have a significant impact on
Recently, a crypto analyst known as ‘More Crypto Online’ has shared his thoughts on the future trajectory of Cardano (ADA). Contrary to the expectations of a rally, he believes that the altcoin is poised for further decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the Elliot Wave Theory.
Cryptocurrency analyst and trader Rekt Capital recently made a fascinating discovery regarding Bitcoin’s price trend. He pointed out that the current price action of Bitcoin closely resembles that of a bull cycle that occurred eight years ago. This revelation has sparked interest among investors and analysts, as it suggests that Bitcoin may be on the
Robinhood Markets Inc. has joined the ranks of crypto trading platforms facing legal action from the Securities and Exchange Commission (SEC). The company disclosed in a Form 8-K filing that it received a Wells Notice from the SEC on May 4. The SEC staff indicated a “preliminary determination” to recommend filing a lawsuit alleging violations