The cryptocurrency market lost nearly $390 billion in a sharp selloff, with Bitcoin down 17.3% and Ethereum 22%, marking their largest weekly declines since the 2022 FTX collapse. The market cap fell to just over $2 trillion from a $4.2 trillion peak in October. Key factors included MicroStrategy's Bitcoin sale, outflows from Bitcoin ETFs, competition from AI stocks, a security flaw found in Zcash, and a strong U.S. jobs report raising interest rate concerns. Investors remain cautious amid macroeconomic risks and the growing appeal of AI investments, leaving the market outlook uncertain.
The cryptocurrency AAVE surged 9.31% within four hours to reach $163, extending its 24-hour gain to 10.07%. This price increase was accompanied by $140,000 in short liquidations on major exchanges like Binance, Bybit, and OKX, while no long liquidati...
On September 28, all four major crypto spot ETFs—Bitcoin, Ethereum, Solana, and XRP—recorded net inflows totaling about $65 million, highlighting growing institutional demand beyond Bitcoin alone. Bitcoin ETFs led with $31.07 million, followed by Eth...
Poolbeg Pharma has secured funding to complete its clinical trials through to the second quarter of 2028. The company is currently recruiting patients for its TOPICAL trial of POLB 001, a drug aimed at preventing cytokine release syndrome in cancer p...
Genflow Biosciences will present full results from its canine ageing trial at the Animal Longevity Summit in Toronto, highlighting the safety and potential health benefits of its GF-1004 treatment aimed at slowing ageing. The company is also progress...
Bitcoin's price fell below $83,000 on September 28-29, triggering the liquidation of about $500 million in leveraged crypto positions and impacting 129,197 traders. The drop was influenced by rising oil prices after geopolitical tensions and a rare 3...
