U.S. spot bitcoin ETFs experienced $326 million in net outflows on June 5, while ether ETFs saw $5.97 million in redemptions, signaling renewed selling pressure after a brief pause. These outflows reflect waning institutional interest as bitcoin prices fell to a multi-week low near $59,000. The sustained withdrawals suggest investors are reducing exposure rather than buying dips, which could further pressure prices. Market watchers will look for a return to steady inflows, especially into major funds like Blackrock's IBIT, as a sign of stabilizing demand.
Bitcoin dropped below $61,000, hitting an intraday low of $59,227, causing $172 million in leveraged long liquidations within an hour. The selloff was triggered by stronger-than-expected US jobs data, which raised expectations of less Federal Reserve...
Michael Saylor's Bitcoin Strategy faced criticism after data suggested it spent $64 billion on Bitcoin now worth $50 billion, implying a $14 billion paper loss. BitMEX Research countered this by highlighting that the company created shareholder value...
Solana's price has dropped nearly 80% from its all-time high, marking eight consecutive red monthly candles—the longest losing streak in its history. The RSI indicator shows Solana is more oversold now than during the 2022 FTX crash, indicating extre...
John Barr, managing the $2.3 billion Needham Aggressive Growth Fund, achieved a 94% return last year by investing in small-cap companies that underpin AI, defense, and infrastructure. His strategy focuses on 'hidden compounders'—firms with stable cor...
Nvidia CEO Jensen Huang personally reviews and approves the pay for all 42,000 employees, consistently increasing the company's spending on salaries. Huang believes in paying employees as much as possible, arguing that taking care of people leads to ...
