Bloodbath as spot Bitcoin ETFs lose $415 million recording no inflows

December 31, 20240Comments

Microstrategy stock dips by 8% after $209 million BTC late year buy

Microstrategy stock dipped by 8% following its late-year acquisition of 2,136 BTC worth $209 million. Google Finance revealed that the stock of the firm is down by 8.19% and is going for $302. The business intelligence firm now holds 446,400 $BTC acquired for $27.9 billion at $62,428 per bitcoin. The acquisition was made on the…

December 31, 20240Comments

Grayscale adds 6 new tokens to the list of top 20 crypto assets for Q1 2025

Grayscale Investments added six crypto assets to its curated list of top 20 crypto assets with great prospects for Q1 2025. The Grayscale Research Team added Hyperliquid (HYPE), Ethena (ENA) Virtuals Protocol ( VIRTUAL), Jupiter (JUP), Jito (JTO) and Grass ( Grass) to its list of top 20 crypto tokens for 2025. Grayscale’s Research Team…

Ethereum

Fidelity Outperforms Blackrock as Ethereum ETFs Pull in $117 million

Fidelity’s FETH outperformed Blackrock’s ETHA as the nine-spot Ethereum ETFs pulled in $117 million yesterday. Blackrock’s ETHA and IBIT for the first time in a long time failed to lead inflows in the Bitcoin and Ethereum ETFs. Blackrock was outperformed by Fidelity on both Exchange Traded Funds, a rare occurrence since both ETFs were launched…

Bitcoin ETFs End 4 days of Outflows Pulling in $475 million

Spot Bitcoin ETFs ended a bad run of outflows yesterday recording its first positive balance sheet in four days. The 11 Bitcoin ETFs closed the day pulling $475 million a sharp contrast from the last trading which saw the funds lose $338 million. Seven out of the 11 Spot Bitcoin ETFs recorded transactions for the…

Altcoins News

Savvy Trader Earns $8.3 Million Profit Trading Perpetual Contracts on Hyperliquid

A smart trader netted over $8.3 million in profits trading perpetual contracts on the Hyperliquid Decentralized Exchange. The trading activity of the trader with an address “0x880” was revealed by Onchain tracker SpotOnChain highlighting the trading details involved and the strategy leveraged by the trader. A smart trader has earned over $8.3M from trading perpetual…

Tether Completes First VC Investment by Injecting $2 million into Arcanum’s Web 3 Fund

Tether, the world's largest stablecoin issuer has officially pivoted into venture capital funding by pouring in $2 million into Arcanum Emerging Technology Fund II. The stablecoin issuing company which holds the highest market share fulfilled its long-term goal of diversification by opening up a new business offer for clients of the company. Arcanum announced the…

December 26, 20240Comments

Bitcoin

Binance backs Ex Thailand’s PM proposal for Bitcoin Payment Project

Thaksin Shinawatra, former Prime Minister of Thailand recently proposed a Bitcoin Payment Project to boost Thailand’s competitiveness and make the Asian country more attractive to Tech-savvy visitors. The proposal was acknowledged by the Binance Unit in Thailand which warned that the Bank of Thailand needs to study first the risks associated with such a move…

December 26, 20240Comments

Father of 4-year-old with Brain Tumour raises $18 million from MIRA memecoin

Siqi Chen, an Asian father of a four-year-old girl diagnosed with a Brain tumor has raised $18 million after a Solana memecoin named after daughter “MIRA” was created to solicit funds. The memecoin created to raise funds for Mira’s Healthcare and fund the research of rare diseases in children started trending in the memecoin space…

December 25, 20240Comments

Ethereum News

Spot Ethereum ETFs pull in $53.6 million recording no outflows

Spot Ethereum ETFs pulled in $53.6 million yesterday recording no outflows for the day. This is the 11th time since the first week of December that Ether ETFs have closed the trading day with a positive balance sheet recording only three red days since then. However, the $53.6 million inflow is a steep drop from…