US spot Bitcoin ETFs experienced $1.42 billion in net redemptions last week, marking the third-largest weekly outflow in history, led by BlackRock's IBIT fund with $966 million withdrawn. This forced ETF managers to sell about 19,021 BTC, equivalent to 42 days of mining output, contributing to Bitcoin's 4% price decline to around $73,000. The selloff is driven by macroeconomic factors like persistent inflation, rising Treasury yields, and geopolitical tensions, which reduce investor appetite for volatile assets. Analysts are watching critical support levels near $72,650, with some expecting a possible short-term rebound before further declines later in the year.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
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...
