Bitcoin spot ETFs experienced $1.42 billion in net outflows last week, marking the third largest weekly withdrawal on record. BlackRock's IBIT ETF led the selloff with $966 million in redemptions, driven by institutional investors reacting to rising U.S. Treasury yields and geopolitical tensions. This marks the third consecutive week of heavy outflows, totaling over $3.5 billion in three weeks, which has put downward pressure on Bitcoin's price, fluctuating between $73,500 and $76,900. Despite the large selloff, the market absorbed 19,021 BTC without a sharp crash, indicating some underlying demand remains. Continued outflows could push Bitcoin below key support levels, signaling cautious repositioning by major institutional players.
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'...
