On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs Start the Week With Outflows Sept. 3 proved challenging for the 12 bitcoin ETFs, which reported a combined net […] Source: https://news.bitcoin.com/bitcoin-etfs-drop-287m-while-ether-etfs-shed-47m-in-early-september-trading/
Month: September 2024
Solana price falls 12% as Pump.fun sells $41M SOL tokens
Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on the SOL token, which could be the next major crypto to receive a spot ETF. Source: https://cointelegraph.com/news/solana-price-decline-pumpfun-selling-sol?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Magic Eden dominates NFT trading volume, surpassing Blur and OpenSea: CoinGecko
Magic Eden led the NFT market in August with $122.47 million in trading volume, securing 36.7% market share. Source: https://cointelegraph.com/news/magic-eden-dominates-nft-market-august?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price eyes 'relief rally' to $61K after downside liquidation wipeout
Bitcoin’s downward price action led to another round of liquidations, with over $78 million over the past 24 hours. Source: https://cointelegraph.com/news/bitcoin-relief-rally-61k-downside-liquidation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Unified Global Framework Crucial for Multi-Trillion-Dollar RWA Market, Says Finance Veteran
The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also […] Source: https://news.bitcoin.com/unified-global-framework-crucial-for-multi-trillion-dollar-rwa-market-says-finance-veteran/
Join the Wild Casino Experience for Mega Wins
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Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K
Analysts are eying a potential correction below $54,000 to $50,000, despite growing expectations of an interest rate cut in the Source: https://cointelegraph.com/news/bitcoin-correction-crypto-market-drop-54k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin ETFs Shed $288 Million in Fifth Day of Negative Flows
As the crypto market plunged Wednesday, Bitcoin spot ETFs marked their fifth consecutive day of negative flows, with $287.8 million in net outflows on September 3. The Grayscale Bitcoin Trust (GBTC) ETF reported a single-day net outflow of $50.4 million, while Fidelity’s FBTC saw an even larger outflow of $162.3 million. These outflows have reduced the total net asset value…
Beleaguered Libyan Central Bank Governor Flees Armed Militia
Libya’s central bank governor, Sadiq al-Kabir, has fled the country due to threats and intimidation from armed militias. He claims that these actions are aimed at forcing him and other bank staff to return to work and comply with the interim Prime Minister’s attempts to replace him. For his part, Kabir accuses the Libyan premier […] Source: https://news.bitcoin.com/beleaguered-libyan-central-bank-governor-flees-armed-militia/
Sui blockchain taps radio waves to bank the offline unbanked
Sui blockchain innovates with alternative methods, like radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access. Source: https://cointelegraph.com/news/sui-blockchain-offline-crypto-transactions-radio-waves?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound