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.
TON Mini-Apps on Telegram have reached 100 million monthly active users, highlighting significant adoption of this platform feature. This milestone reflects growing user engagement and the expanding ecosystem within Telegram. The achievement may boos...
Circle, the company behind USDC and EURC stablecoins, maintains a 1:1 peg with the U.S. dollar and euro by backing reserves with cash and U.S. Treasuries, managed partly by BlackRock. It emphasizes transparency through monthly third-party audits by D...
Avalanche (AVAX) recently surged over 12% but its continued upward momentum is uncertain due to limited upside liquidity clusters. These clusters, areas of unfilled orders, suggest the price could either rely on momentum to rise or be pulled down by ...
Zcash (ZEC) has surged 177.8% in the past month, causing significant losses for traders betting against it. One major short position lost $10.68 million, while others face millions in unrealized losses as ZEC trades near $1,563 with a market cap of $...
XRP's price increased by 3.51% to $1.43, supported by strong institutional interest, increased XRP Ledger transactions, and significant whale accumulation of 1.54 billion XRP worth $2.2 billion. The broader crypto market also showed recovery, with Bi...
