Crypto News
Crypto ETFs Slip With $86 Million Outflow for Bitcoin and $18 Million for Ether
Bitcoin exchange-traded funds (ETFs) saw their three-day inflow streak broken with $86 million in net outflows, primarily due to a sharp drawdown from Grayscale’s GBTC. Ether ETFs also took a hit, recording an $18 million exit, entirely from Fidelity’s FETH. GBTC and FETH Lead the Exit for Bitcoin and Ether ETFs The tide briefly turnedSource link
Back From the Dead: Man Killed in Road Rage Incident ‘Testifies’ in Court
Road rage victim posthumously forgave his killer via artificial intelligence. The judge was so moved he added a year to the killer's sentence.Source link
Strive Asset Management to Go Public, Launch Bitcoin Treasury Strategy With Merger
Shares of tech company Asset Entities (ASST) rose 194% on Wednesday after it announced that Strive Asset Management was merging with the NASDAQ-listed company to become a publicly traded Bitcoin (BTC) Treasury Company.The deal, structured as a reverse merger, will leave the combined company operating under the Strive name and listed on the NASDAQ. Strive plans to build a sizable bitcoin reserve using novel investment and financing strategies designed to limit shareholder dilution.One key strategy is a planned equity-for-bitcoin swap available to certain accredited investors, the companies stated in the press release. The exchange will use a tax provision known as Section 351, which allows appreciated assets to be contributed to a corporation tax-free in return for stock, subject to...
Coinbase Releases Treasure Trove of SEC Docs on Ethereum, XRP and More
"We would like to request that the SEC file an amicus in support of the argument that Ether is a security," the NY attorney general's office wrote.Source link
Easy Money: China Slashes Rates, Injects $138.5B to Shield Economy From Trade War Impact
China’s central bank slashed key interest rates and injected $138.5 billion into its financial system to bolster an economy battered by U.S. trade tensions and domestic challenges. PBOC Unveils Sweeping Rate Cuts Reuters reported that the People’s Bank of China (PBOC) cut its seven-day reverse repurchase rate by 10 basis points to 1.4%, effective MaySource link