Crypto News
How to Trade Bitcoin After the Crash, According to Analysts
"The likelihood of carry trade unwind triggering a complete turnaround in the U.S. financial cycle is low," wrote crypto exchange BloFin. Source link
Hong Kong Monetary Authority Reviews Virtual Banks, Proposes Renaming to ‘Digital Banks’
The HKMA issued a report on virtual banks, evaluating their impact and proposing a name change to 'Digital Banks'. (Read More)Source link
US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from Grayscale’s Ethereum Trust. Blackrock Leads $48.73M Inflows for U.S. ETH ETFs as Crypto MarketSource link
Trump-Themed ‘DJT’ Token, Issued by Martin Shkreli, Suddenly Dives 90%
A single wallet sold $2 million worth of the token earlier Tuesday, causing market capitalization to fall from $55 million to as low as $2 million almost instantly.Source link
Ethereum’s Pepe Leads Jump 24%, Leading Meme Coins in Double-Digit Recovery
Meme coins bounced back strong on Tuesday, correcting massive losses incurred the day before amidst global economic turmoil.Source link