Investors withdrew over $1.4 billion from Bitcoin ETFs in the past five days as Bitcoin's price dropped 3.5% after failing to break above $83,000. Market skepticism persists, with concerns that the recent rally might be a bear market rally rather than a true recovery. Despite this, large investors (whales) have been accumulating Bitcoin, buying over 30,000 tokens valued at more than $2 billion in May alone, signaling bullish mid-term sentiment. Key support at $77,000 is critical; if it holds, Bitcoin may retest higher levels, but a break below could lead to a retest of $60,000. Technical indicators suggest a potential recovery, but caution remains due to ongoing geopolitical and economic uncertainties.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
