U.S. spot Bitcoin ETFs experienced a net outflow of $85 million on Wednesday, ending a three-day inflow streak totaling about $509 million. Major Bitcoin funds like BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC all saw significant outflows, while Grayscale's mini BTC fund was the only one with inflows. Meanwhile, Ether ETFs continued their positive trend with $70 million in inflows, led by Fidelity's FETH. Bitcoin ETF assets dropped to around $75 billion, while Ether ETF assets remain at about $9 billion. This shift aligns with recent price movements, as Bitcoin and Ether both fell about 3% on the day, but Ether has outperformed Bitcoin over the past two weeks due to renewed ETF demand and developments like the Lean Ethereum roadmap.
The Cardano Foundation introduced CIP-0113, a new token standard that allows issuers of regulated assets like stablecoins, funds, and bonds to enforce identity checks, sanctions screening, and transfer restrictions directly within the token. This sta...
About 1.6 billion XRP tokens were transferred to Binance over the past month, raising questions about potential selling pressure. While moving tokens to exchanges often precedes sales, these inflows alone don't confirm selling or a bearish trend. Bin...
Germany's financial regulator BaFin rejected futurum bank AG's application for authorization under the EU's Markets in Crypto-Assets (MiCA) rules, causing Bitcoin.de to keep most trading suspended. Futurum bank can object within a month or reapply la...
Bitcoin briefly fell under $84,000 on October 7 as crude oil prices surged past $100 per barrel due to unrest affecting tanker traffic near the Strait of Hormuz. The drop in Bitcoin and other major cryptocurrencies like Dogecoin, Ether, and XRP refle...
Silicon Labs announced the public Beta release of its Simplicity AI SDK, designed to help developers build and manage IoT devices more efficiently by integrating AI coding assistants like GitHub Copilot. The company also introduced Simplicity Design ...
