US spot Bitcoin ETFs have experienced a historic $6.35 billion net outflow over 30 days, marking six consecutive weeks of capital withdrawals and a decline from a $63 billion peak. This trend reflects growing institutional caution driven by persistent US inflation, restrictive monetary policies, and geopolitical instability, including the US-Iran conflict. Despite the outflows, BlackRock suggests these movements may represent strategic reallocations within crypto products rather than a loss of confidence in Bitcoin's long-term value. Market watchers remain concerned about continued volatility and risk aversion impacting crypto investments in the near term.
Polygon Foundation CEO Sandeep Nailwal announced that 100 million POL tokens have been permanently burned, reducing the total supply by about 1%. This burn represents one out of every 100 POL tokens in circulation, potentially impacting token scarcit...
DraftKings' prediction platform has driven a 10.4% year-over-year increase in unique customers and a volume surge from $2.3 billion to $11 billion in just three months. The company's ambitions to become a Super App and aggressive customer acquisition...
A wallet recently received 45,000 Ether (ETH) from Galaxy Digital's over-the-counter (OTC) desk in a transaction valued at approximately $119.67 million, with an average price of about $2,659 per ETH. After the transfer, the wallet combined these new...
Polygon Foundation permanently burned 100 million POL tokens, about 1% of its total supply, completing a planned token reduction. The burn contract was made accessible for community members to trigger, reflecting a community-driven approach. CEO Sand...
The Kurv Gold Enhanced Income ETF (KGLD) provides investors with gold exposure combined with a monthly income through a dynamic options strategy. It maintains a strong correlation with the gold price benchmark IAU and outperforms typical call-writing...
