Tag: Million

BlackRock’s IBIT Dominates Bitcoin ETF Outflows at $292 Million

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Key Notes BlackRock Bitcoin ETF (IBIT) saw a massive $5.2 billion in net inflows in July, reinforcing its positions as a leader in the space. US spot Bitcoin ETFs saw their third consecutive day of outflows, led by IBIT, Fidelity’s FBTC, and Grayscale’s GBTC. Bloomberg’s Eric Balchunas highlighted a shift in institutional interest toward digital assets and hedge funds, amid a slowdown in private asset fundraising. BlackRock iShares Bitcoin Trust (IBIT) dominated the spot Bitcoin ETF outflows on Aug. 4, at $292 million. This is the biggest outflow since May…

Spot Bitcoin ETFs Bleed $812 Million: Second‑Largest Exit Ever

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Cardano Development Proposal Secures $71 Million From Treasury

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Cardano’s core development team has received approval to be paid 96 million ADA from the treasury to forge ahead with proposed upgrades to the network. Input Output Global (IOG) — Cardano’s main development team — submitted the proposal for the equivalent of $71 million in Cardano (ADA), which passed with 74% in favor, representing 200 votes, six against, and seven abstaining, according to the governance action. The 12-month development plan focuses on improving scalability, the developer experience, and interoperability. However, the proposal garnered some concern from the community over costs,…

Mill City Raises Another $500 Million For SUI Treasury

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Nasdaq-listed Mill City Ventures III may raise another $500 million under an equity agreement to fund its recently announced Sui treasury strategy — however, the news triggered a double-digit fall in Mill City’s share price. Mill City’s announcement on Friday comes shortly after raising $450 million earlier in the week. The financial services firm then became the first official public company to build a Sui (SUI) treasury when it purchased 76.2 million SUI tokens valued at $276 million. “This equity line is intended to give us the firepower to scale…

Crypto Hacks in July Top $142 Million, Crypto Exchanges Hit

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Bad actors and scammers stole at least $142 million from the crypto space in July across 17 separate attacks, with the exploit of crypto exchange CoinDCX accounting for the most significant loss.  The total monthly losses represented a 27% increase from the $111 million in June, blockchain security firm PeckShield said in an X post on Friday.   However, it’s still a 46% drop from the same time last year, when July 2024 saw $266 million taken by hackers, with the $230 million breach of Indian crypto exchange WazirX accounting for…

Kraken Plans to Raise $500 Million at $15 Billion Valuation Ahead of Potential IPO

Crypto exchange Kraken is reportedly planning to raise $500 million at a $15 billion valuation as it prepares for a potential initial public offering (IPO) in early 2026, according to The Information. With a daily trading volume of approximately $1.25 billion, Kraken aims to solidify its valuation and maintain momentum after recent legal victories. The […] Source CryptoX Portal