Bitcoin ETFs extended their inflow streak to seven consecutive days with $292 million, while ether ETFs snapped a five-day run with $62 million in outflows. Institutional Flows Favor Bitcoin as Ether ETFs End Five-Day Winning Run Momentum stayed firmly behind bitcoin exchange-traded funds (ETFs) on Tuesday, Sept. 16, as the funds notched their seventh straight […] Original
Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin ETFs logged a seventh straight day of gains with $231 million despite sharp outflows in several major funds. Record-breaking trading volumes underscored the market’s feverish pace. Ether ETFs Extend Streak to 8 Days With Bitcoin […] Original
Key Notes The collaboration enables PNC’s 90,000 corporate clients to access crypto services through integrated banking platforms rather than external exchanges. This partnership represents a broader trend among major US financial institutions embracing digital asset integration following regulatory clarity. PNC joins other major banks like JPMorgan Chase in offering cryptocurrency-related services to meet increasing client demand for digital assets. PNC Bank, the 7th largest bank in the US, announced on July 22 a partnership with Coinbase, marking a significant public move by a major traditional US bank into the digital…
The $300 million ecosystem development fund by MEXC will drive blockchain innovation, support early-stage Web3 projects, and expand its role from crypto exchange to full-scale ecosystem builder. MEXC Advances Push Into Web3 Development With $300 Million Fund MEXC, a global crypto exchange, has announced a bold leap forward in its evolution by launching a $300 […] Source CryptoX Portal
Bitcoin ETFs ended the week with a 7th straight day of outflows, though losses were modest at just $1 million. Meanwhile, ether ETFs recorded a more pronounced $29.20 million exit, led by Grayscale’s ETHE. Bitcoin ETF Sees Modest Exit While Ether ETFs Outflows Accelerate With $29 Million Pullback As the trading week ended on Friday, […] Original
Key Notes SOL fell below $100, marking its first drop below this level since February 2024. SOL is currently trading at $101, down by 40% over the past year. Despite facing unrealized losses, a whale recently staked $7.6 million worth of SOL. Solana SOL $106.5 24h volatility: 7.2% Market cap: $55.01 B Vol. 24h: $10.92 B plunged more than 16% on Monday, falling below the psychologically critical $100 mark for the first time since February last year. The sharp decline comes amid a major sell-off in risk assets following trade…
A new Binance report for December highlights bullish and notable trends in the crypto space as we enter a new year. The cryptocurrency market closed in 2024 with a record-breaking performance. Bitcoin (BTC) broke through $100,000, driven by regulatory optimism, bullish sentiment, institutional adoption, and technological innovation. Binance’s December Research Monthly Market Insight report highlighted some growing trends that the firm saw in 2024, as well as in the month of December. Stablecoins like Ethena’s USDe (USDe) gained traction in decentralized finance, while artificial intelligence became a key transformative force. …
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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.…