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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.
XRP ledger lending proposal edges closer to validator network approval
Regulatory uncertainty slows institutional stablecoin adoption according to investor
Avalanche and CoreWeave record gains following institutional market developments
South Korea to let crypto exchanges freeze withdrawals on hacking suspicion
South Korea's Financial Services Commission plans to issue a no‑action letter that lets crypto exchanges suspend deposits and withdrawals when hacking is suspected.
Elon Musk's Grok AI releases speculative price scenarios for Bitcoin
Elon Musk's Grok AI published a speculative scenario for Bitcoin. The model imagines an unlikely surge in sovereign and institutional demand that could push Bitcoin far above current levels by January 1, 2027.
Ripple backed Evernorth files to resell shares after price drop
Ripple-backed XRP treasury company Evernorth Holdings filed to register 73.7 million shares for potential resale by existing investors.
Bitmine posts a six billion dollar loss amid falling Ether prices
Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended August 31. Falling ETH prices drove $6.2 billion in unrealized losses on digital assets.
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