US spot ETF inflows—a key driver behind Bitcoin and Ethereum’s Q2 rally—have sharply reversed. On Monday, US Bitcoin and Ethereum ETFs suffered record outflows of $333 million and $465 million, respectively. Largest Outflow Ever from Ethereum ETF According to crypto data platform SoSoValue, US spot Bitcoin ETFs saw a net outflow of $333.19 million. Most…
According to the latest data from the CME FedWatch Tool, the probability of a Federal Reserve interest rate cut in September has jumped to 92.2%. This shift, driven by weaker labor market data and smaller-than-expected tariff effects, has fueled optimism among the cryptocurrency community. They anticipate that lower rates could drive capital into digital assets,…
Barry Silbert has made a notable return to Grayscale Investments, the asset management company and crypto exchange-traded fund (ETF) issuer, as chairman, just weeks after the crypto asset manager filed confidentially for an initial public offering (IPO) in the US. Silbert, who founded Grayscale in 2013, takes over from Mark Shifke, who will remain on…
CoinDesk found itself at the center of crypto industry news Monday. The platform’s current owner, Bullish, filed for its IPO. Meanwhile, former owner Barry Silbert’s DCG made leadership changes at Grayscale. Bullish Eyes $629 Million IPO Bullish seeks to raise up to $629 million through its public offering. The Peter Thiel-backed platform plans to sell…
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Solana Mobile’s Seeker phone reaches global markets while Takashi Murakami launches NFT card packs on Base. Korean officials accelerate digital asset legislation amid growing regulatory momentum. Solana Mobile…
Metaplanet, a Tokyo-based publicly traded company (TSE: 3350), has significantly expanded its Bitcoin (BTC) treasury holdings by purchasing an additional 463 BTC for approximately $55 million. This strategic investment was executed at an average price of around $119,500 per BTC. It underscores the firm’s commitment to strengthening shareholder value through substantial cryptocurrency accumulation. Strengthening Treasury…
Macro analyst Alex Krüger says the weekend’s sell-off has likely marked a tradable low for the crypto market, arguing that the move closely mirrors the 2024 “August crash” that bottomed on a Monday. “I see the current move as a smaller scale replay of last year’s August crash (which bottomed on Monday),” Krüger wrote on…
Bitcoin (BTC) is down 3.6% over the past week, falling from around $119,800 to the $114,500 range at the time of writing. This weakening price action is also reflected in spot Bitcoin exchange-traded funds (ETFs), most notably in BlackRock’s IBIT Bitcoin ETF, which saw over $2.6 billion in outflows on August 1. IBIT Bitcoin ETF…
Europe’s top central bank is firm on one thing: banknotes aren’t going anywhere. On Monday, ECB Executive Board member Piero Cipollone vowed that euro coins and bills will remain at the heart of payments, even as Brussels moves ahead with plans for a state-backed digital euro. He warned that without a public digital option, privately…
Ethereum (ETH) is capturing market attention with signals of a potential breakout reminiscent of Bitcoin’s historic 2021 bull run. Analysts cite a combination of strong technical indicators, increasing ETF inflows, and intensified whale accumulation as key reasons Ethereum could soon outperform Bitcoin. ETH recently broke out of a classic falling wedge pattern, a technical setup…