Institutional demand for Bitcoin is weakening as U.S. Spot Bitcoin and Ethereum ETFs see seven consecutive days of net outflows, with $445 million exiting Bitcoin ETFs recently. This reduces total ETF assets and removes a key source of market support during price corrections. However, large Bitcoin holders, or whales, are increasing their buying activity around key support levels, suggesting they view the dip as a buying opportunity. Meanwhile, long-term Bitcoin holders are starting to realize losses, indicating some capitulation, but this may reduce future selling pressure. Overall, sustained recovery depends on broader spot market demand beyond just whale accumulation.
The Rosen Law Firm has announced an investigation into Putnam Investment Management, LLC for potentially issuing misleading business information to investors in its stock-based mutual funds. Investors who purchased these funds might be eligible for c...
Petrobras is investing $20 billion annually to increase production capacity by 675,000 barrels per day using FPSOs, without raising debt. The company supports a sustainable 7% dividend backed by double-digit free cash flow yield, prioritizing dividen...
Web3 security firm Certik has joined the XDC Network as an institutional masternode validator under a new memorandum of understanding. Certik will operate validator nodes using its Skykode solution to enhance the security and resilience of the XDC Ne...
Bitcoin spot ETFs experienced $1.79 billion in net outflows for the week ending June 26, marking the second-largest weekly redemption since their January 2024 debut. This outflow is part of a seven-week consecutive streak, the longest since these ETF...
Conagra Brands, known for its high 10% dividend yield, faces uncertainty as its new CEO takes charge. The company is dealing with slowing growth and significant debt, prompting investors to worry about a potential dividend cut. The new CEO may priori...
