Investors withdrew $4.7 billion from US spot Bitcoin ETFs since mid-May, driven by a falling Bitcoin price and concerns over Federal Reserve rate hikes. Bitcoin dropped from above $79,000 to below $60,000, with $1.7 billion in ETF outflows in the past week alone, led by BlackRock's IBIT. The selloff followed strong US jobs data that reduced expectations for near-term Fed rate cuts, as new Fed Chair Kevin Warsh signals a possible hawkish stance on inflation. Traders now expect at least one rate hike by year-end, adding pressure on the digital asset market.
A report by Yield Basis and Valueverse reveals that just 104,105 BTC, or 0.52% of circulating Bitcoin, is actively deployed in onchain yield-generating strategies, mostly dominated by lending (81%). Despite Bitcoin's large market size and tokenizatio...
Ford's US vehicle sales are projected to fall 8.8% through the first three quarters of 2026, reducing its market share to 12.5%, behind Toyota and GM. The company hopes to reverse this trend with the launch of the affordable Fathom EV pickup in early...
Steel stocks, led by Cleveland-Cliffs, rebounded with Cleveland-Cliffs rising 3% after a recent selloff tied to U.S. tariff impacts on its Canadian operations. The company plans to idle some Stelco plant operations but shift production to another fac...
Dogecoin has launched DogeOS, an EVM-compatible Layer 2 solution using ZK-rollup technology that brings smart contracts and decentralized finance (DeFi) applications to Dogecoin holders. This upgrade boosts transaction speed to about 300 TPS while ma...
Decrypt is evolving into The Information Exchange, a platform integrating news, data, market prices, and financial participation powered by the MYR token on Solana's blockchain. This new ecosystem aims to reduce friction between consuming information...
