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US spot bitcoin funds face outflows over five straight days
US spot Bitcoin exchange-traded funds recorded net withdrawals over five consecutive sessions. BlackRock's iShares Bitcoin Trust drove a large share of the recent outflows.
- Five straight sessions of withdrawals drained funds across the market.
- Grayscale's Bitcoin Trust ETF also posted an outflow on Wednesday.
UK bank Griffin raises 20 million dollars for stablecoin services
Jensen Huang resigns as Nvidia chief executive officer
Bit Digital reports Q3 revenue miss as shares slide pre‑market
Zcash drops below one thousand dollars despite Grayscale funding commitment
ZEC fell below $1,000 as selling pressure and fund withdrawals weighed on the privacy cryptocurrency. The decline occurred despite Grayscale committing $1 million to support the Zcash ecosystem.
Tron, Tether and Chainalysis launch task force to combat AI crypto scams
Tron, Tether and Chainalysis announced a Digital Crime Task Force aimed at detecting and freezing illicit USDT transactions on the Tron blockchain.
Stablecoin supply drops fourteen billion dollars over thirty days
The total supply of stablecoins dropped by 14 billion dollars over a thirty day period according to Glassnode data. This decrease is the fastest reduction recorded since June 2022.
Sygnum launches new fund targeting eight to ten percent ETH returns
Swiss digital asset bank Sygnum has launched the ETH Alpha Fund SP for professional investors. The market-neutral fund targets annual returns of eight percent to ten percent in ETH after fees.
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