Coinswitch Exchange Announces Recovery Program for WazirX Victims, Faces Backlash

Ethereum News

Ethereum ETFs record first inflow of the year, Pulling in $58.9 million

The Nine Ethereum ETFs recorded their first day of net inflow for the year. The Ether ETFs pulled in a humble $58.9 million recording transactions on only 4 out of the nine ETF products. The net inflow day follows a day of net outflow which occured on the second day of the year. The Ether…

Bitcoin News

Bitcoin ETFs pull in nearly $1 billion in a single day of trading

The 11 spot Bitcoin ETFs recorded their highest number of inflow in several months pulling in a staggering $908 million on the last day of trading last week. The $908 million inflow is the highest recorded inflow for the Bitcoin ETFs in several months of trading. Six out of the 11 spot Bitcoin ETFs recorded…

Altcoins News

$227 Million worth of Solana Moved to Centralized Exchanges Clouding Bullish Outlook

A whopping $227 million worth of Solana was moved to centralized exchanges last week clouding the bullish outlook given by the token's technical indicators. Last week witnessed the highest influx of SOL to CEX since the third week of March 2024. About $227 million SOL moved to Centralized exchanges in the course of 7 days. …

News Technology

Ethereum founder Vitalik Buterin warns of the Menace of super-intelligent AI

Vitalik Buterin, co-founder of the Ethereum blockchain and top voice in the crypto space warned about the dangers posed by super-intelligent Artificial Intelligence. The Ukrainian crypto founder called for a technical response and a robust defense mechanism to address the challenge. Buterin's comments come at a time when discussions around the dangers of potential abuse…

Ethereum

Ethereum ETFs Record Zero inflows while losing $77 million

The nine-spot Ethereum ETFs recorded no inflows for the day yesterday and lost $77 million to outflows in two funds. Yesterday was an abysmal day of trading for Ether ETFs with only two out of the nine ETF products recording transactions that turned out to be outflows. This inherently means that Ethereum ETFs are yet…

Bitcoin News

Blackrock’s IBIT sheds $332 million draining Bitcoin ETFs

Blackrock’s Exchange Traded Fund IBIT lost a whopping $332 million yesterday draining inflows into the 11 spot Bitcoin ETFs. The Massive outflows on Blackrock’s IBIT were no match for the inflows recorded in five Bitcoin ETF funds resulting in the ETFs closing the day on a deficit of $242 million. This is the second time…

News

Do Kwon Pleads not guilty to nine-count indictment in US Court.

Do Kwon, The South Korean founder of Terraform Labs pleaded not guilty to a nine-count Criminal indictment at a United States Court. Do Kwon the founder of Terra USD and another crypto asset that lost an estimated $40 billion is facing charges bordering on securities fraud, wire fraud, commodities fraud, and money laundering conspiracy. The…

Bitcoin News

Bitwise CIO Matt Hougan says Bitcoin could hit $500,000 following launch of Bitcoin reserve

Bitwise Chief Investment Officer, Matt Hougan, stated that the price of Bitcoin could hit $500,000 following the proposed launch of a strategic Bitcoin reserve in the United States. Matt Hougan’s projections align with that of various analysts expecting a pump in Bitcoin price if the strategic Bitcoin reserve is launched. Speaking as a guest on…

News

Investment Banking Giants Morgan Stanley Considers Adding Crypto Trading to Services

Morgan Stanley’s retail brokerage arm E*Trade is considering adding crypto trading to the services it offers its clients per report from the information. A proposed onboarding into crypto trading for Morgan Stanley, a world-leading investment bank with over $1.5 trillion in Assets Under Management (AUM) has sparked a lot of excitement and speculation in the…

January 2, 20250Comments