Category: CryptoX News

Spot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak

CoinspeakerSpot Bitcoin ETFs Sees 7th Consecutive Day of Outflow Streak Bitcoin exchange-trade­d funds (ETFs) in the United States face­d a modest net outflow of $34.4 million on Thursday, May 2nd, 2024. This outflow is significantly lower compare­d to the record-breaking $563.7 million outflow obse­rved on the previous day.  While the slowdown offe­rs some hope, it’s crucial to maintain perspective. Grayscale’s GBTC, the longest-standing Bitcoin fund, had outflows of $55 million on Thursday. This shows the ongoing trend of withdrawals from GBTC, which has been a point of concern for investors.…

Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market

Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s rise in spot Bitcoin exchange-traded funds (ETFs). The firm, which provides price data for the ETFs, is now handling about $24 billion worth of crypto ETFs, according to a Bloomberg report, representing roughly half of the crypto benchmarking market. CF Benchmarks CEO Sui Chung said in an interview the firm…

CZ sentenced and SBF’s deal: April’s crypto crime round-up

Do Kwon remains in a tug-of-war between the U.S. and South Korea. Meanwhile, prosecutors are continuing to clamp down on crypto mixers. April’s been a pretty significant month when it comes to crypto crime. Where else to start than with Changpeng Zhao, who has been sentenced to four months in prison after enabling money laundering at Binance. He will now become the richest man ever sent to prison — but critics claim there’s been an “egregious miscarriage of justice” given prosecutors had been seeking three years. It’s a stark contrast…

BASE joins meme frenzy as BRETT takes off; GFOX set to top lists

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Coinbase’s Base sees a memecoin boom, with utility-focused Galaxy Fox (GFOX) among those thriving, following BRETT’s success. The Base blockchain has seen a significant spike in transactions, largely thanks to memecoin excitement. Base is Coinbase’s flagship blockchain which has seen its average daily transactions spike in the past week.  This increase in transaction volumes is reminiscent of what the Solana blockchain experienced in recent months. Traders are constantly exploring…

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Source CryptoX Portal

Sealana crypto presale goes live as Solana memecoins lead recovery

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Sealana sparks a robust start in its presale, gathering $130k as Solana memecoins spearhead a market recovery, indicating a growing investor interest in new meme-driven projects. The Solana meme coin circuit is spearheading a broader crypto market recovery, and Sealana is launching a new presale for frontrunner status. Within its opening hours, the presale has already raised over $130k, reflecting a deep market appetite for the new token. The…

MoonPay integrates PayPal to simplify US crypto transactions

MoonPay announced today that its U.S. users can now buy and sell more than 110 cryptocurrencies through PayPal. Integrating cryptocurrency transactions within the PayPal app could circumvent banking restrictions that hinder such purchases. A spokesperson from MoonPay noted that bank restrictions often cause direct debit card transactions for cryptocurrency to fail. The collaboration with PayPal enhances the success rate of these transactions by using the same payment method within a more accepting framework. Additionally, MoonPay stated that PayPal users can purchase cryptocurrencies without needing to supply their personal or card…

Solana meme coins surge despite crypto market decline

Solana meme coins show remarkable growth, although many leading cryptocurrencies suffer heavy losses. The meme coins segment is doing much better than other cryptocurrencies, CoinGecko data shows. Source: CoinGecko Dogwifhat (WIF), the largest meme coin by market capitalization based on the Solana blockchain, has risen 18% in the last 24 hours. Popcat (POPCAT) rallied 61%, Jeo Boden (BODEN) gained 53% in price, Slerf (SLERF) surged 16%, and Wen (WEN) is up by 28%. The gains starkly contrast the broader cryptocurrency market, which has seen more muted performance. After falling below $57,000, Bitcoin has recovered…

JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets

JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold. Insights on Market Trends by JPMorgan JPMorgan, a global investment bank, has provided insights on […] Source CryptoX Portal