US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility
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US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility

Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale’s Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23 bitcoins, the fund’s holdings reduced to 314,145.2 bitcoins. Blackrock and Fidelity Absorb Bitcoin Despite GBTC’s […] Source: https://news.bitcoin.com/us-spot-bitcoin-etfs-see-55-1m-outflow-gbtc-divests-2048-btc-amid-market-volatility/

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
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USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […] Source: https://news.bitcoin.com/usde-and-fdusd-experience-brief-depegs-amid-saturdays-crypto-market-shake-up/

Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East Tensions
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Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East Tensions

On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other Western allied forces. Concurrently, bitcoin and the broader crypto economy experienced a significant downturn, with many analyzing the fundamentals in the context of a potentially intensifying military conflict. Community Reacts […] Source: https://news.bitcoin.com/crypto-advocates-weigh-in-on-bitcoins-sudden-drop-amid-middle-east-tensions/

Kiyosaki Reacts to $200 BTC Crash Prediction, Miners Offload BTC Ahead of Halving, and More — Week in Review
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Kiyosaki Reacts to $200 BTC Crash Prediction, Miners Offload BTC Ahead of Halving, and More — Week in Review

Robert Kiyosaki expressed his stance on potentially investing more in Bitcoin if its price plummets to $200, as economist Harry Dent has forecasted. Cryptoquant data reveals that Bitcoin miners are selling off their holdings in anticipation of the network’s upcoming halving event, which is expected to impact their rewards. JPMorgan has speculated that the SEC […] Source: https://news.bitcoin.com/kiyosaki-reacts-to-200-btc-crash-prediction-miners-offload-btc-ahead-of-halving-and-more-week-in-review/

Paris Hilton-Backed Metaverse Company Settles Sexual Harassment Lawsuits
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This Week on Crypto Twitter: SEC Targets Uniswap, Bitcoin Runes Stir Hype

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha ReportsIllustration by Mitchell Preffer for Decrypt Twitter buzz this week exhibited a continued fixation on the crypto industry’s never-ending flow of legal drama, as well as steadily…

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The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration
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The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

History has shown that collaboration is a powerful driver of digital innovation, propelled by the exchange of knowledge between scientists and engineers. Indeed, instrumental to the birth of the Internet was the collaboration between Bob Kahn and Vint Cerf in the 1970s, which enabled communication between computers and networks and unlocked the new digital era […] Source: https://news.bitcoin.com/the-only-path-forward-to-web3-adoption-unlocking-tech-synergy-through-collaboration/

Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges
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Former Security Engineer Sentenced to Three Years for Hacking Two Decentralized Exchanges

A former security engineer, who stole digital assets valued at more than $12 million from two decentralized exchanges, has received a three-year prison sentence. In what has been characterized as the “first-ever” conviction for a smart contract hack, the U.S. Judge also ordered the ex-engineer to forfeit roughly $12.3 million. Ex-Engineer Sentenced to Three Years […] Source: https://news.bitcoin.com/former-security-engineer-sentenced-to-three-years-for-hacking-two-decentralized-exchanges/