Tue, July 28

BlackRock’s Bitcoin ETF Inflows Paused for 4 Consecutive Days

The crypto community is becoming more worried as inflows to BlackRock’s spot Bitcoin ETF have paused for many days in a row, marking the first such occurrence since the fund’s introduction. In the US, the iShares Bitcoin Trust (IBIT) of BlackRock, which is the fastest-growing spot Bitcoin ETF, has not

May 1, 2024 1 min read

Crypto Market Witnesses Massive Liquidation Amid Recent Price Plunge

The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of

April 30, 2024 2 mins read

Hong Kong’s New Bitcoin and Ether ETFs Hit $11.2M Volume on First Day

On Tuesday, the six new spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong recorded a trading volume of over HK$87.5 million ($11.2 million). This is in stark contrast to the $4.6 billion first-day volume recorded in January by the eleven spot bitcoin ETFs in the US. According to

April 30, 2024 2 mins read

MicroStrategy Adds More Bitcoin Despite Q1 $53.1M Net Loss

In spite of reporting a financial loss of $53.1 million in the first quarter of 2024, the biggest corporate holder of Bitcoin, MicroStrategy, proceeded to stack additional Bitcoin in April. The company’s digital asset impairment loss increased tenfold from the first quarter of 2023 to $191.6 million in the quarter,

April 30, 2024 1 min read

Liquidation by Bitcoin Miners Surges Post-Halving for Operational Costs

After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain

April 30, 2024 2 mins read

Crypto Investment Products See $435M Outflow Amid Market Uncertainty

According to CoinShares’ reporting, crypto investment products had a $435 million outflow for the week ending April 26. As the price of Bitcoin is stuck around the low $60,000 level, crypto exchange-traded products (ETPs) have seen withdrawals for three weeks in a row. With $423 million leaving the market after

April 30, 2024 2 mins read

Bitcoin ETFs Trends With US Outflows & HK’s Debut : What Traders Must Know

Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets. In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow

April 30, 2024 2 mins read

Hong Kong’s Bitcoin ETF to Debut Tomorrow Despite Regulatory Hurdles

Hong Kong is poised to launch its first spot of Bitcoin ETFs tomorrow, April 30. While anticipation runs high, questions linger about whether these ETFs can emulate the success witnessed in the US market. Spearheaded by leading asset managers HashKey Capital and Bosera, the imminent launch underscores Asia’s growing influence

April 29, 2024 1 min read

South Korea Plans Empowering Existing Crypto Crime Investigation Unit

In response to the recent uptick in incidents of fraud and crimes using cryptocurrency, South Korea is contemplating establishing its Joint Virtual Asset Crime Investigation Unit, an official agency. Early in May, talks on this change are expected to begin between key Ministries of South korea. The unit is now

April 29, 2024 2 mins read