Bitcoin ETFs experienced a net outflow of $60.63 million, primarily due to significant withdrawals from Bitwise’s BITB and Fidelity’s FBTC. In contrast, Ether ETFs saw a modest net inflow of $4.60 million, solely attributed to Fidelity’s FETH. Ether ETFs See Modest $4.60 Million Inflow as Bitcoin ETFs Face Another Day of Withdrawals In a day […] Source CryptoX Portal
The sentiment towards Solana on social media has shifted to a negative one. Many analysts and traders are rejecting the chain as a meme coin casino after the Libra incident involving the token shared by Argentine President Javier Milei. Social Sentiment Toward Solana Leans Negative After Libra’s Incident Solana, one of the chains with the […] Source CryptoX Portal
HONG KONG – Investors in Europe can now get direct exposure to the CoinDesk 20, an index representing the largest crypto assets, thanks to a new exchange-traded product (ETP) from WisdomTree launched at Consensus Hong Kong. “The launch of the first CoinDesk 20 ETP with WisdomTree is a defining moment for digital asset investing in Europe,” Alan Campbell, President of CoinDesk Indices, said in a release. “The CoinDesk 20 provides institutional investors with a streamlined way to access the largest digital assets beyond Bitcoin.” WisdomTree’s Physical CoinDesk 20 ETP (WCRP)…
Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto Mining Results in Heavy Losses For Rosseti Russian electricity provider Rosseti has reported $14 million (1.3 billion rubles) in damages from illegal cryptocurrency mining in […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Grayscale’s Cardano ETF filing sent ADA soaring, but Rollblock is stealing the spotlight with a 450% presale surge and predictions of another 400% gain. The news about Grayscale Investments’ Cardano ETF filing sent ADA soaring by 11% last week, outpacing both Bitcoin (BTC) and Ethereum (ETH) as investor optimism surged. With the possibility of institutional inflows on the horizon, Cardano is positioning itself for a major breakout. But while…
The latest frenzy that started with U.S. President Donald Trump’s TRUMP memecoin launch and saw traders making and losing millions within minutes, might have finally come crashing down with the LIBRA token fiasco. LIBRA, a Solana-based project that President of Argentina Javier Milei tweeted about on Feb. 14, saw its market cap rise as high as $4.5 billion and then fall more than 80% within a couple of hours as insiders cashed out, leaving many bag holders with massive losses. The story became an international and political incident over the…
Hungary’s economy is rebounding as potential peace talks between Russia and the U.S. fuel market optimism, with leaders stressing the financial benefits of diplomatic progress. Hungary’s Economy Gains as Peace Talks Show Promise Diplomatic developments often have a significant impact on financial markets, and Hungary’s economy appears to be responding positively to news of potential […] Source CryptoX Portal
HONG KONG – Australian digital assets market maker Zerocap has partnered with CryptoX Indices to offer Australia’s first options-based structured products on the CryptoX 20 Index (CD20), the company said at Consensus Hong Kong. The partnership introduces sophisticated and tailored investment strategies usually found in traditional markets, a significant advancement for the cryptocurrency industry. It will allow institutions and other sophisticated market participants to take risk-managed diversified exposure to digital assets that go beyond just bitcoin and ether while offering additional features like downside protection, volatility management and yield enhancement.…
One man and his team racked up more than $100 million in memecoin profits via a trading method called “sniping.” Sniping Legend Nets More Than $100M in Memecoin Profits There are snipers, then there’s Naseem, the legendary trader who pocketed $100 million from the Trump memecoin launch in January. But is he really a skilled […] Source CryptoX Portal
Bitcoin has been struggling, recently hitting a low of $95,000. Investors are now looking for the next major catalyst that could drive the cryptocurrency market forward. Bitget CEO Gracy Chen, in a conversation with Bloomberg, shared her insights on potential catalysts to reverse Bitcoin’s slumping price action. Chen pointed out that one major factor could be the new U.S. administration under President Donald Trump. She mentioned that discussions are ongoing, but “nothing is concrete” regarding the inclusion of Bitcoin in the country’s strategic reserve. She said the administration is “still…