BlackRock’s iShares Bitcoin Trust experienced a $213.63 million outflow on June 5, part of a broader $326 million withdrawal from US spot Bitcoin ETFs that day. This marked the end of a 13-day period where $4.4 billion was pulled from these ETFs, indicating significant institutional profit-taking rather than routine rebalancing. Despite these outflows, BlackRock’s ETF remains the largest by assets and continues to charge a competitive 0.25% fee. The sustained selling pressure from major ETFs could negatively impact Bitcoin’s spot price, highlighting the growing influence of ETFs on the cryptocurrency market.
Boehringer Ingelheim's Phase III trials of survodutide, a glucagon/GLP-1 dual agonist, showed significant metabolic health improvements in people with obesity. The SYNCHRONIZE-1 trial reported up to 16.6% weight loss, 34% reduction in visceral fat, a...
Ethereum's price dropped from $2,300 to around $1,600, triggering a TD Sequential "9" buy signal that suggests sellers may be exhausted but doesn't confirm a trend reversal. On-chain data shows declining ETH reserves on centralized exchanges, indicat...
XRP is approaching a crucial support level around $0.90, which aligns with a long-term rising trendline dating back to 2020-2021. Analysts view the recent price decline as a controlled pullback rather than a breakdown, suggesting a potential buying o...
American Airlines will temporarily suspend six domestic routes from August to September due to rising jet fuel costs driven by the Iran conflict. The affected routes include flights from Los Angeles to Cleveland, Columbus, Pittsburgh, and Washington ...
Iran reportedly charges up to $2 million per vessel passing through the strategic Strait of Hormuz, using the funds entirely for its treasury. Some of these toll payments are made using Tether's USDT stablecoin, marking a rare instance of a nation de...
