Day: May 24, 2025

Bitcoin ETFs boast inflows as IBIT closes the gap with GLD

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Spot Bitcoin exchange-traded funds, or ETFs, had another strong week as inflows surged to a record level. Investors added $2.7 billion to Bitcoin (BTC) ETFs, the biggest weekly increase since April when they added $3.06 billion. These funds have now had inflows for six consecutive weeks, bringing the cumulative inflows since inception to $44.53 billion. They all hold $131 billion in assets, equivalent to 6.24% of Bitcoin’s valuation. Bitcoin ETF inflows | Source: SoSoValue The iShares Bitcoin ETF, whose ticker symbol is IBIT, has had cumulative inflows of $48 billion…

Bitcoin Realized Profits At Normal Levels —  BTC Upward Run To Continue?

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Bitcoin has had an interesting run so far in 2025, embarking on exciting upside rallies and enduring deep corrections in the space of a few months. The latest upward movement suggests the return of interest and confidence in the world’s largest cryptocurrency. After surpassing its previous all-time high price this week, the Bitcoin price has printed a new high of $111,814 — reached on Thursday, May 22. A fresh all-time-high price is often followed by a major correction, as investors are typically inclined to take profits.  However, recent on-chain revelation…

Mango Markets Hacker Avraham Eisenberg’s Fraud Charges Dismissed

Key Notes Mango Markets hacker Avraham Eisenberg has seen his theft case dismissed. Eisenberg received a separate 4-year sentence after pleading guilty to possessing child sexual abuse material. Donald Trump’s administration has brought leniency to crypto lawsuits, and Eisenberg may be a beneficiary. A United States judge has dismissed the commodities fraud and market manipulation charges against Avraham Eisenberg in the Mango Markets case. In an unexpected twist, the Judge ruled that the evidence against him was insufficient to support those charges. US Authorities Lay Charges Against Mango Markets Hacker…

NFT sales drop to $129.8m, Avalanche sales surge 200%

Despite the overall crypto market reaching new heights, the NFT market has experienced a slight drop with sales volume dropping by 0.05% to $129.8 million. Bitcoin (BTC) has surged to the $108,000 level after hitting $111,000, a new ATH. At the same time, Ethereum (ETH) has shown a mild recovery to the $2,700 level in the last seven days and has now dropped to the $2,500 level. The global crypto market cap is now $3.42 trillion, up from last week’s $3.29 trillion. According to data from CryptoSlam, market participation has…

More crypto firms to come?

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This past week, Coinbase joined the S&P 500, one of the world’s most elite stock indexes — a triumph for the crypto firm, which spent much of the 2020s battling US government agencies like the SEC and Commodity Futures Trading Commission for its survival.  But this attainment is not about one company alone.  “This is more than an achievement for Coinbase; it’s a landmark for the broader crypto and blockchain industry,” said Meryem Habibi, chief revenue officer of Bitpace. Coinbase joining the S&P 500 doesn’t just boost the owner of…

Crypto Bloodbath: Altcoins Lead Selloff With XRP, SOL, DOGE Falling 5-7%

Key Notes Data from Coinglass reveals over $600 million in crypto market liquidations in the last 24 hours, with $500 million in long liquidations. Despite recent bullish drivers like ETF inflows and stablecoin legislation, heightened volatility and macroeconomic concerns have weighed heavily on the market. Former BitMEX CEO Arthur Hayes anticipates a major altcoin season this summer, with Ethereum poised to outperform Solana. The broader crypto market has come under strong selling pressure over the weekend amid rising concerns around Trump’s tariff wars. Altcoins are leading today’s crypto bloodbath with…

Hyperliquid trader James Wynn goes ‘all-in’ on $1.25B Bitcoin Long

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Well-known Hyperliquid trader James Wynn has increased his 40x leverage long Bitcoin bet to $1.25 billion after closing his $PEPE position for a $25.2 million profit. On May 24, Lookonchain reported that Wynn entered an 11,588 BTC position with an average entry price of $108,243 and a liquidation level of $105,180. The move came hours after Wynn exited his Ether (ETH) and Sui (SUI) longs at a $5.3 million loss. At the time, he used the proceedings to double down on Bitcoin (BTC), increasing his position to 11,070 BTC. Wynn…

Trump’s use of presidential seal at memecoin event raises legal questions

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President Donald Trump is facing scrutiny after speaking at a private event for top investors in his $TRUMP memecoin while standing behind a lectern emblazoned with the official presidential seal — a move that may violate federal law. The event took place Thursday at Trump National Golf Club in Virginia, where Trump addressed 220 investors in his cryptocurrency project. According to US law, the presidential seal cannot be used in any manner that could imply government approval or sponsorship. Violators can face fines or up to six months in prison.…

Ethereum Net Flows Turn Negative As Bulls Push For $3,500

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying…