Coindesk

The largest public fund tracking bitcoin (BTC) recorded its highest outflows on Thursday, nearly one year after going live.BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, according to data source SoSoValue. These exceed a short-held previous record of $188 million in late December.IBIT has recorded a string of outflows since Dec. 20 for the first time in its history, data shows, ranging from $17 million to as much as Thursday’s figures.Large outflows can be seen as a lack of confidence in the ETF's strategy, sector, or broader market segment. However, it could also be due to investors rebalancing their portfolios or taking profits, not necessarily a negative outlook...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3536.7, up 3.8% (+130.21) since 4 p.m. ET on Wednesday.18 of 20 assets are trading higher.Leaders: RENDER (+7.8%) and SOL (+7.5%).Laggards: HBAR (-0.5%) and XLM (-0.3%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Infrastructure providers, such as Northern Data (NB2), are well positioned to benefit from the growing demand from artificial intelligence (AI) and high-performance computing (HPC) firms, broker Canaccord Genuity said in a report Thursday initiating coverage of the stock.Canaccord assumed coverage of the shares with a buy rating and a 60 euro ($62) price target. The stock was trading 2.4% higher at 45.65 euros at publication time.Companies like Northern Data are "building the railroad for the AI gold rush," analysts led by Kingsley Crane said. The company's Taiga Cloud business has come online at the "forefront of what is shaping up to be a generational opportunity."The broker noted that Northern Data, which is 52% owned by stablecoin issuer Tether, has already...

The T3 Financial Crime Unit, a collaboration between the Tron blockchain, stablecoin issuer Tether and blockchain intelligence company TRM Labs, said it has frozen a total of 100 million of Tether's USDT used by illicit actors since the unit was formed in September.The venture analyzed millions of transactions spanning five continents, monitoring a total volume in excess of 3 billion USDT, the largest stablecoin, T3 said in a statement.T3 involves TRM Labs using its blockchain intelligence and monitoring tools to help Tron and Tether identify and freeze USDT linked to illicit activities. There's nearly $60 billion in USDT issued on the Tron blockchain, the largest issuance behind Ethereum, which has just over $75 billion.Money laundering as a service — where...

Tether's USDT, the world's leading dollar-pegged stablecoin, has experienced the sharpest weekly decline in market value in two years, spurring market volatility concerns.USDT's market cap slid more than 1% to $137.24 billion this week, the most significant decline since the crash of the FTX exchange in the second week of November 2022, data from TradingView show. It hit a record $140.72 billion in mid-December. The decline follows a decision by several European Union (EU)-based exchanges and Coinbase (COIN) to remove USDT due to compliance issues with the EU's Markets in Crypto-Assets (MiCA) regulations that took full effect on Dec. 30, even though the rules on stablecoins — cryptocurrencies whose value is pegged to a real-world asset like the dollar —...