Grayscale’s Bitcoin Trust (GBTC) has seen inflows for the second consecutive day, breaking a four-month streak of outflows that resulted in over $17.5 billion in withdrawals. Despite GBTC’s net outflow, the overall spot Bitcoin ETF market in the U.S. maintains a positive balance sheet with significant inflows from other providers.
The Philippine Securities and Exchange Commission (SEC) plans to introduce comprehensive regulations for cryptocurrencies in the second half of 2024, aimed at governing crypto trading while protecting investors.
The fierce rivalry between crypto titans Changpeng Zhao (CZ) of Binance and Sam Bankman-Fried (SBF) of FTX came to an anticlimactic end, with CZ receiving a four-month prison sentence and SBF a 25-year term for their respective roles in the downfall of the crypto industry.
Tether CEO Paolo Ardoino has responded to claims by the ransomware group ‘F Society’ of breaching Bitfinex’s database, dismissing the allegations as likely fake.
Several major crypto projects, including Sui, Pyth Network, Avalanche, Aptos, and Arbitrum, are set to release vested crypto tokens worth more than $3.1 billion in May, according to data from Token Unlocks.
Despite a recent 30% drop in total value locked (TVL) on the Solana blockchain, an expert predicts that Solana has the potential to surpass its all-time high, citing factors such as network improvements, growing adoption, and Stripe’s re-entry into the crypto market.
The stablecoin market displayed resilience in April, with First Digital USD (FDUSD) recording a stellar month and Ethena’s USDe gaining significant momentum, while overall volumes dipped slightly from March’s highs.
A recent Bundesbank survey reveals a significant inclination among Germans to adopt a central bank digital currency (CBDC) or digital euro, particularly during periods of banking stress, highlighting its potential role in enhancing financial stability.
Bitcoin (BTC) is trading around $63,000, showing muted anticipation for the upcoming debut of Hong Kong’s spot cryptocurrency exchange-traded funds (ETFs). Despite the lack of excitement, an executive from one of the issuers expects the first-day issuance to surpass the U.S. debut in January.
Over 50 clients of the Russian crypto exchange Beribit attempted to stage a protest at the company’s office in Moscow, demanding the return of their funds amidst rumors of a potential crypto exchange ban in the country.
