Crypto News
Cryptoquant Report Reveals Faltering Global Bitcoin Demand Despite Recent Spike
A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin demand last week, though overall global demand remains weak. The report highlights the mixed signals in the market following the Fed’s announcement. Analysis Says Weak Global Bitcoin Demand Persists Cryptoquant‘s report details how bitcoin’s priceSource link
OpenSea Gets ‘Wells Notice’ From SEC, Calling NFTs Sold on Platform Securities
"We're shocked the SEC would make such a sweeping move against creators and artists," says CEO of OpenSeaSource link
OpenSea Expecting SEC Lawsuit Over NFTs Being Securities, Says CEO
OpenSea CEO said that the marketplace has received a Wells Notice from the SEC "because they believe NFTs on our platform are securities."Source link
ARKB Divests $101M Amid $127M Outflow From Bitcoin ETFs
On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. $127M Withdrawn FromSource link
CoinDesk 20 Performance Update: Index Tumbles 3.2%, With RNDR the Only Asset to Advance
RNDR was the lone gainer while MATIC and NEAR suffered steep losses of 8.9% and 7.5% respectively.Source link