According to SoSoValue data, after six days of net inflows that began on July 5, U.S.-based spot Bitcoin exchange-traded funds (ETFs) have set a new record for cumulative net inflows, totaling $15.81 billion. The fund has added more than $1 billion in assets under management since the start of its six-day rally. The most recent trading day, Friday, was also the day with the largest net inflows since June 5, with the spot Bitcoin ETF seeing $310 million in net inflows.Inflows were led primarily by BlackRock’s IBIT, the largest spot Bitcoin ETF by asset value, which added $120 million on…
Author: Crypto Flexs
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James Ding 13 July 2024 15:47 The SFC survey highlighted that Hong Kong will maintain its position as a leading international asset and wealth management hub in 2023. Hong Kong continues to solidify its position as the world’s leading hub for asset and wealth management, according to the latest survey by the Securities and Futures Commission (SFC). The SFC survey, published in July 2024, highlights the city’s strong financial infrastructure and its appeal to global investors. Key findings from the SFC survey The survey showed significant growth in various sectors of the Hong Kong…
Bitcoin (BTC) continued its bullish trend on July 13, bouncing off its five-month low, with the cryptocurrency up about 1.70% on the day to trade at $58,885. Some of the key factors driving this rebound include: the German government selling off its nearly 70,000 BTC holdings, and the US dollar weakening amid a growing deficit.BTC/USD 4-hour price chart. Source: TradingViewBitcoin investors absorbed about $2.5 billion.The German government is left with around 9,100 BTC after selling off $2.5 billion worth of BTC since June 17. During this period, the Bitcoin price fell by around 12.70%, before making a notable recovery of…
Bitcoin (BTC) continued its bullish trend on July 13, bouncing off its five-month low, with the cryptocurrency up about 1.70% on the day to trade at $58,885. Some of the key factors driving this rebound include: the German government selling off its nearly 70,000 BTC holdings, and the US dollar weakening amid a growing deficit.BTC/USD 4-hour price chart. Source: TradingViewBitcoin investors absorbed about $2.5 billion.The German government is left with around 9,100 BTC after selling off $2.5 billion worth of BTC since June 17. During this period, the Bitcoin price fell by around 12.70%, before making a notable recovery of…
Bitcoin mining company Bitfarms has set an extraordinary general meeting date for October 29, 2024, to vote on a board reorganization, following Riot Platform’s request for a meeting on June 24.Bitfarms shareholders are eligible to vote at the meeting as of the record date of September 26, 2024, but the company said in a statement Friday that it is not obligated to take any action at this time. A special committee of independent directors of the board, with the assistance of financial and legal counsel, reviewed the request and unanimously decided on the meeting and record date, Bitfarms said.As The…
Solana’s meme coin community has unanimously voted to burn 84B BONK. BONK prices are falling as spot market liquidity decreases. SOL’s highest-priced coin is now nearly halfway to fully recovering its all-time high. BONK, one of the oldest meme currencies on the Solana (SOL) network, is one of the hardest hit by the ongoing crypto storm. In the last 24 hours, BONK is down 13.76%, while its peers like Dogwifhat (WIF) and PEPE are also seeing double-digit losses over the same period.Coming off the daily chart, the bulls in BONK have managed to pull back a bit after the bearish…
Binance, a leading cryptocurrency exchange, has announced an update to its VIP program, which will affect spot and margin trading fees for VIP 5 to VIP 8 users. The platform will also lower the trading volume requirements for VIP 4 users. According to Binance, these changes will take effect from July 18, 2024, 00:00 (UTC). Major Updates The major changes announced are: Maker and Taker fees for Spot and Margin VIP 5~VIP 8 users have been updated. The 30-day trading volume requirement for Spot and Margin VIP 4 users has been reduced from ≥…
If we investigate, you will receive alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Sign up for Alpha Reports today and upgrade your game!Go to Alpha ReportMitchell Preffer’s illustration for Decrypt.After weeks of “price spikes,” digital assets have been recovering slowly but steadily as government policies lose control of the overall market.Although it was mostly traded sideways, Bitcoin Price It closed at $57,966 over the weekend, up a modest 3.3% over the past seven days, and remains well above its low of $53,900 last Friday.The major crypto asset now seems almost free from the selling pressure of…
In 2022, Telegram, one of the world’s largest messaging apps, gave users the ability to purchase tokenized usernames for the messaging app using a blockchain-based platform called Fragment. The platform allows interested parties to purchase available usernames and secure ownership of them on The Open Network (or TON), a blockchain originally developed by Telegram.The platform allows Telegram users to potentially monetize their presence on the platform by selling their individual usernames (@bob or @alice) in the form of non-fungible tokens (NFTs), similar to how domain names used for websites are traded.In addition to the username, you can also get a…
A prominent crypto strategist believes the price of the dog-themed Solana (SOL)-based Mimecoin could drop significantly. In a new video, anonymous analyst Credible Crypto tells his 55,500 YouTube subscribers that dogwifhat (WIF) likely hasn’t formed a market bottom yet. “I think we’re going to see some sort of dead cat bounce here, but I don’t think the downtrend is over yet.” Source: Credible Crypto/YouTube Looking at the chart, this trader suggests that WIF could drop to $0.80 as the price bounces. At the time of writing, WIF is trading at $1.60, up about 3% over the last 24 hours. The…