Bitcoin and ether exchange-traded funds (ETFs) experienced significant outflows on Wednesday, with bitcoin funds losing $82 million and ether funds $29 million, following the Federal Reserve's hawkish stance. The Fed held interest rates steady but raised projections for future hikes, increasing the likelihood of rate increases as soon as October. This shift ended expectations of rate cuts that had supported the recent crypto rally, causing prices to stall and outflows to continue. The crypto market now faces uncertainty as investors watch for future Fed moves and whether ETF inflows will resume.
Genius Group, after selling its entire Bitcoin reserve to repay $8.5 million in debt, plans to rebuild its Bitcoin and AI treasuries to a combined $1.6 billion by fiscal year 2031. The company aims to grow total assets to $2 billion and will fund tre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
World Liberty Financial's proposed US trust bank has secured a significant investment from Sheikh Tahnoon bin Zayed Al Nahyan's group, which controls 49% of the holding company behind the bank. Another 38% is reportedly owned by an entity affiliated ...
