Crypto News
Record Highs for Digital Asset Fund Flows as AuM Hits $188 Billion
Digital asset funds experience record asset under management, reaching $188 billion with $1 billion inflows last week, marking the 12th consecutive week of positive flows. (Read More)Source link
ETF Recap: Bitcoin and Ether ETFs Extend Inflow Streaks With $988 Million Weekly Haul
Bitcoin exchange-traded funds (ETFs) wrapped the first trading week of July with a net inflow of $769.60 million, marking their fourth consecutive week of gains. Ether ETFs also held firm, extending their green streak to eight weeks with $219.19 million in net inflows. Bitcoin ETFs Log $769 Million Weekly Inflow as Institutional Momentum Rolls IntoSource link
Without Operational Alpha, Bitcoin Treasury Company Premiums Will Collapse
Listed companies are rapidly transforming into bitcoin treasury vehicles, raising capital to buy BTC and hold it on their balance sheets. With bitcoin increasingly seen as a potential global reserve asset, gaining institutional traction and strong price expectations, this trend might seem sound. But there’s a problem: most of these companies have acquisition plans without a business plan.Why buy at a premium when you can buy bitcoin directly?Almost any investor can buy bitcoin directly, either spot or via ETFs. So why invest through a listed company trading at a significant premium to the net asset value (NAV) of its bitcoin?The short answer is: you shouldn’t, unless the company has a clear strategy for putting its bBitcoin to work in a...
Treasury Department Drops Case Over Ethereum Mixer Tornado Cash
Months after dropping sanctions against Ethereum coin mixer Tornado Cash, the U.S. Treasury has agreed to end a related legal battle.Source link
ICP Rebounds From Intraday Lows as Support at $4.80 Holds Firm
Internet Computer (ICP) exhibited notable resilience over the past 24 hours, weathering a volatile trading session shaped by broader macroeconomic uncertainty. After falling to $4.78, the token rebounded to nearly $4.85, ultimately settling at $4.7771, down 0.98% on the day.ICP has respected its key support level at $4.80, which was tested and confirmed multiple times throughout the session, according to CoinDesk Research's technical analysis data. This level has become a critical pivot zone for traders eyeing potential upside if broader sentiment continues to improve.Macro factors remain influential across the crypto landscape. While geopolitical tensions have unsettled markets, bitcoin's return to $109,000 during the Asian morning sparked volume increases across multiple assets, including ICP, despite relative price stability.ICP’s ability to bounce...