Spot Bitcoin ETFs are experiencing a brief respite from the relentless outflows seen in April so far. On April 15, the ETFs saw $76.4 million in net inflows, only to reverse course with $171.1 million of net outflows on April 16. However, demand rebounded on April 17, drawing $106.9 million into the funds with no outflows.…
A new survey has found that over half of South Korean adults have previously traded or currently trade crypto. The survey was conducted by the Korea Financial Consumer Protection Foundation (KFCPF), the South Korean news agency Yonhap reported on April 22. Half of South Koreans Now Trading Crypto, Survey Finds The KFCPF spoke to 2,500…
The Sui (SUI) price has experienced a major bullish breakout in tandem with a pump in the broader crypto market on positive trade war headlines, breaking a key resistance level in the process, and opening up the possibility of further rapid upside in the coming days and weeks. SUI was last trading around $2.70, up…
Standard Chartered’s global head of crypto research, Geoffrey Kendrick, believes Bitcoin (BTC) has yet to price in growing signs of systemic risk despite strengthening its case as a hedge in recent weeks. In an April 22 client note, Kendrick warned that political pressure on the US Federal Reserve is driving bond market stress that could…
Key Takeaways: Metaplanet’s CEO reaffirmed the company’s 10,000 BTC goal, emphasizing long-term value creation over short-term stock price swings. Despite recent share price declines, Metaplanet’s Bitcoin holdings and per-share yield have surged, making it Asia’s largest public BTC holder. The firm’s strategy shows strong conviction in Bitcoin as a treasury asset and positions it as…
Nearly half of Americans have a negative view of tech billionaire Elon Musk and his electric automobile company Tesla, a new poll conducted by CNBC that was published on Tuesday shows. According to the CNBC All-America Economic Survey, 50% of those surveyed have a negative view of Musk, while 47% have a negative view of…
The departure of former Securities and Exchange Commission (SEC) Chair Gary Gensler has not ended the agency’s regulation-by-enforcement approach toward the crypto industry. According to Justin Slaughter, Paradigm’s vice president of regulatory affairs and a former adviser to the SEC and Commodity Futures Trading Commission (CFTC), the ongoing state-level lawsuits against crypto exchanges, particularly Coinbase,…
Once a dominant theme in the early years of Bitcoin, the digital gold thesis had faded—but current market conditions may be giving it renewed relevance. The US-China trade war, coupled with rising recession odds in the US, is fueling a shift in sentiment as investors look to hedge against economic uncertainty. BTC displays growing maturity…
California Assembly Bill 1052, or the “Digital Assets Bill” (formerly the Money Transmission Act), passed a Committee vote with bipartisan support on April 21. It was introduced by Assembly Member and Democrat Avelino Valencia in February and amended at the end of March. It aims to protect cryptocurrency users and investors by supporting their right…
Cryptocurrency exchange KuCoin may have to wait longer when it comes to formally agreeing upon a settlement with the U.S. Commodity Futures Trading Commission (CFTC) as President Donald Trump’s administration overhauls regulatory policies, Law360 reported on Monday. KuCoin, CFTC Settlement Delayed According to the April 21 report, CFTC attorney John Murphy filed a letter asking…