Bitcoin ETFs see $714.4 million outflow over four consecutive trading days Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced another significant outflow on June 18, amounting to $152.4 million. This marks the fourth consecutive trading day of outflows; the record outflow streak is from April 24 to May 2, which spanned…
The Securities and Futures Commission’s Fight Against Financial Crimes The Securities and Futures Commission (SFC) of Hong Kong has taken aggressive enforcement actions over the past year to combat insider trading, market manipulation, corporate fraud, and other financial crimes, according to the agency’s latest annual report. Its publication coincided with the celebrations of the 35th…
The post aSOPR and Binary CDD Indicate Potential Market Bottom for Bitcoin Current on-chain metrics suggest a possible market bottom for Bitcoin The Adjusted Spent Output Profit Ratio (aSOPR) is at 0.99831902, down 0.96% in the last 24 hours, indicating that more investors are selling at a loss. Typically, this behavior is observed during bear…
XRP Community Voices Frustration Over SEC’s Treatment of Ethereum Recently, the XRP community has been buzzing with discontent over what they perceive as unequal treatment by the US Securities and Exchange Commission (SEC) in comparison to Ethereum. The SEC’s decision to suspend its lawsuit against Ethereum, just as an Ethereum ETF approval seemed imminent, has…
The Once-Sizzling Altcoin Market: Facing a Reality Check Echoes Of Crashes Past, But With A Muted Roar The once-sizzling altcoin market is facing a harsh reality check. Prices have plummeted a staggering 40-90% in recent months, mirroring past crashes but with a glacial pace that’s leaving investors numb. Renowned crypto analyst Daan Crypto sees this…
Major Altcoin Selloff Causes $4.9B Liquidation Across Assets, Defi Most Hit The recent market turmoil has created waves in the crypto landscape which has led to a staggering $455 million in liquidations. While the dominating BTC and ETH also couldn’t escape it, the Defi market faced an even harsher impact. The Defi market TVL dropped…
Russia and North Korea’s Growing Partnership: A Cause for Concern? The Current State of Affairs While Russia and North Korea getting chummy is never a good thing for the West, even a “comprehensive strategic partnership” is unlikely to tip the balance in any meaningful way—and could well backfire if Beijing gets peeved. The recent meetings…
SEC’s Crypto Enforcement Chief Steps Down Amid Crypto Regulation Debate David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) cryptocurrency enforcement division has stepped down after almost a decade, according to an announcement on LinkedIn today. The executive’s departure follows that of Ladan Stewart, another SEC lawyer who left for a private firm…
