Crypto News
Grayscale’s Bitcoin ETF Outflows Surpassed for the First Time
Cathie Wood’s ARK 21shares Bitcoin ETF experienced a daily outflow of $87.5 million on April 2, marking a historic event as it exceeded Grayscale’s Bitcoin Trust’s outflow for the first time since the introduction of spot bitcoin ETFs in the U.S. Despite this outflow and a preceding day’s loss, ARKB remains the third-largest among theSource link
Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) miningSource link
Bitcoin Back Down to $66K as Rising Treasury Yields Catch Investor Interest
Prediction markets and CME's Fed Watch Tool have virtually ruled out a rate cut until later this yearSource link
Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin
Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital Platformer, that previously allowed users to earn points from city services. Hokkoku Bank Reaches Milestone With Deposit-Backed Stablecoin Tochika Hokkoku BankSource link
What a Judge Said About the SEC’s Suit Against Coinbase
Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening.Source link