Bitcoin ETFs experienced significant outflows, losing $635 million in a single day on May 13, marking the largest exit since January. Over two weeks, Bitcoin ETFs saw cumulative withdrawals exceeding $2.26 billion. Gold ETFs also faced heavy outflows, with $12 billion withdrawn globally in March and $13 billion from North American investors alone. This trend reflects a move away from the traditional "debasement trade," where investors buy hard assets like gold and Bitcoin to hedge against currency devaluation. Despite Bitcoin's price correction, the sell-off in ETFs suggests investors are pivoting toward yield-generating assets amid tighter economic conditions. Major Bitcoin ETF providers like BlackRock and Fidelity saw notable withdrawals, indicating a broader shift in investor strategy.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
