Ripple Labs CEO Faces Backlash Over Alleged Sabotage of Strategic Bitcoin Reserve

Ethereum News

Ethereum ETFs Continue Poor Form Recording Net Outflow of $14.9 million

Ethereum exchange-traded Funds (ETFs) experienced a net outflow of approximately $14.93 million, marking the first net outflow after six consecutive days of inflows.  Farside Investor’s UK revealed that Grayscale Ethereum Trust (ETHE) led the outflows, with a significant withdrawal of $22.29 million. In contrast, the Fidelity Ethereum (FETH) attracted an inflow of $7.33 million,…

Bitcoin News

Bitcoin ETFs record net inflow of $188 million

The 11 Bitcoin ETFs recorded a net inflow of $188 million yesterday with the bulk of the funds coming from Blackrock’s IBIT. Seven out of the eleven Bitcoin ETFs saw transactions, a continued trend from the previous days after the Bitcoin ETFs started the year on the low side. Farside Investors UK revealed that Blackrock’s…

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Cyvers Alerts Reports $39 million move on Phemex Exchange as possible first hack of 2025

Web 3 security firm Cyvers Alerts reported a suspicious move of $39 million on the Phemex crypto exchange by suspicious wallet addresses. The development could easily become the first major hack of 2025 if confirmed to be a breach of the exchange’s security architecture. Cyvers Alerts shared the information on X alerting the crypto community…

Ethereum News

Vitalik Buterin Shares Ethereum’s 2025 Strategy with Key Focus on Expansion and Capacity

Vitalik Buterin, Ethereum Co-founder and a key figure in the Ethereum community shared the strategy the network is looking to adopt in 2025 with a focus on Expansion and Capacity. The Ukrainian shared the ideas in a blog post on his personal website with an article titled “ Scaling Ethereum L1 and L2s in 2025…

Ethereum News

Ethereum ETFs Continue Poor Performance, Pulls in Only $70 Million

Ethereum ETFs continued their poor performance yesterday pulling in only $70 million and recording only three transactions. Ethereum ETFs have witnessed a streak of low investor activity following issues surrounding the Ethereum Ecosystem. Co-founder Vitalik Buterin revealed plans to revamp the Ethereum inner caucus citing laxity and inefficiency on the part of the team. The…

Bitcoin News

Blackrock’s IBIT record Sole $344 million inflow into Bitcoin ETFs

Blackrock’s IBIT recorded the only inflow for the 11 spot Bitcoin ETFs pulling in $344 million. The Inflow from IBIT offset outflows in other Bitcoin ETF funds leaving the ETFs with a net inflow of $248.7 millionn. The Bitcoin ETFs witnessed low investor activity recording transactions in only four of the eleven Bitcoin ETFs. Besides…

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Bitget Becomes Second Largest Crypto Exchange with Over 100 million Users Globally

Bitget is currently the second-largest crypto exchange in terms of the number of users and trading volume. The Crypto exchange trails Binance and expanded by 400% in 2024 according to the 2024 transparency report by the exchange. Bitget hit 100 million global users in 2024 with trading volumes surging to new heights. The exchange’s daily…

Altcoins News

Taiwanese Government Set to Draft Law allowing Banks to Issue Stablecoin

The Financial Supervisory Commission of the Taiwanese Government is set to propose a draft law for VASP (Virtual Assets Service Providers) in June this year. The law will facilitate the permission of banks to issue stablecoins to their clients bridging the gap between traditional finance and Digital assets in the country. Peng Jinlong, Chairman of…

January 22, 20250Comments

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Investor Activity Improves Slightly on Ethereum ETFs Despite Minimal Inflows

Ethereum ETFs are quietly reversing an ugly trend of low investor activity on the nine ETFs. Ether ETFs yesterday recorded transactions on six out of the nine available ETFs. The nine ETFs pulled a collective $74.4 million Despite the increased investor activity, the ETF funds pulled in minimal inflow with none of the funds recording…