US spot Bitcoin ETFs experienced $231 million in outflows on June 29, marking the eighth consecutive day of withdrawals and contributing to June's total approaching $4 billion. Ethereum ETFs also saw $30 million in outflows the same day. The ongoing sell-off is driven by rising interest rates, which make safer assets like Treasury bonds more attractive compared to volatile cryptocurrencies. Investors are closely watching whether this trend reverses, especially in BlackRock's dominant Bitcoin fund, as any changes in Federal Reserve rate policies could quickly impact crypto ETF flows.
Mowi ASA has agreed to sell its Canada East salmon farming operations, totaling 9,000 GWT, to Cooke Inc. for CAD 225 million. This divestment aims to streamline Mowi's farming portfolio and concentrate on its main farming areas. The sale is expected ...
Sigenergy has started construction on Phase II of its Nantong Intelligent Energy Center and a new joint venture production facility with Xianghua Hardware Technology. This expansion will increase its manufacturing base to nearly 400,000 square meters...
JPMorgan Chase announced a 10% increase in its dividend alongside a new $50 billion share buyback program. This move follows the bank successfully passing the Federal Reserve's stress test, signaling strong financial health. The dividend hike and buy...
Bitcoin dropped over 1% below $60,000, influenced by Japan's yen hitting its weakest level against the dollar in 40 years, which boosted the U.S. Dollar Index. Strategy announced a $1 billion stock buyback and a $1.25 billion capital raise involving ...
Jupiter has added its native stablecoin, JupUSD, to the Jupiter Liquidity Pool (JLP), which now includes six tokens: SOL, ETH, BTC, USDC, USDT, and JupUSD. JupUSD is backed mainly by USDtb, a stablecoin linked to BlackRock's tokenized funds, with a s...
