Crypto News
Bitcoin Spot ETFs Pull in $5.77B in May, Their Best Performance Since November
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) have registered a net inflow of $5.77 billion this month, the highest since November, according to data source SoSoValue. Most of these bets have been bold directional plays, with interest in cash-and-carry arbitrage plays picking up recently. Such has been the investor demand that these ETFs have experienced net outflows on only four days since mid-April.BlackRock's IBIT has received the most inflows, with bitcoin's spot price hitting fresh record highs above $110,000.Source link
QCP Insights: Market Eyes Bitcoin 2025 Conference as Volatility Remains Elevated
Bitcoin’s price remains range-bound between $107,000 and $110,000 as traders anticipate potential market-moving announcements from the Bitcoin 2025 Conference in Las Vegas. Elevated short-term volatility suggests caution, with historical precedents prompting defensive positioning. Traders Brace for Impact Ahead of Bitcoin’s Largest Annual Gathering Bitcoin‘s price action has been notably restrained, trading within a tight rangeSource link
Sui Network Steps in to Compensate Cetus Losses in Full After $223M Exploit
Cetus Protocol, the largest decentralized exchange (DEX) on the Sui blockchain, has secured a loan from the Sui Foundation to compensate users in full following a $223 million exploit last week.These funds apply only to cover the bridged assets, and are separate from the frozen funds subject to an onchain community vote.“Using our cash and token treasuries, we are now in a position to fully cover the stolen assets currently off-chain if the locked funds are recovered through the upcoming community vote,” Cetus said in an X post. “This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible.” The recovery plan hinges partly on the outcome of a pending on-chain governance proposal,...
ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims
ASIC secured interim court orders in February preventing Guo from leaving Australia, but he exited the country days after they expired.Source link
Bitcoin Uptrend at Risk Ahead of Nvidia Earnings, Fed Minutes; XRP Holds Key Support Amid XRPFi...
Bitcoin's BTC upward trend continued to show signs of weakness early Wednesday, even as Wall Street tech stocks surged overnight in anticipation of upbeat earnings from AI giant Nvidia (NVDA).The leading cryptocurrency by market value traded near $108,900 at press time, teasing a downside break of a trendline characterizing the uptrend from early April lows, according to data source Coingecko.Bullish trendlines indicate areas of strong demand, thus a move below one is generally seen as a sign of a potential reversal and a possible start of a downward move.Prices have not been able to make significant gains this week despite a flurry of positive news, including stablecoin issuer Circle's plans to file for an IPO and Trump Media's plans to...