Bitcoin suffered $2.59B in outflows as total crypto ETP withdrawals hit a record $2.9B in one week. CoinShares attributes the sell-off to macroeconomic uncertainty, a major exchange hack, and profit-taking following a prolonged inflow streak.
The post Bitcoin Bleeds the Most as Crypto ETPs Record Largest Weekly Outflows of $2.9 Billion: CoinShares appeared first on Cryptonews. …
Category: Cryptocurrencies
Ethereum Price Crashes 13% Despite Trump Crypto Reserve Announcement – Why?
The Ethereum (ETH) price has crashed back below $2,200 to levels that are actually below those before US President Donald Trump’s strategic crypto reserve announcement, that he said would include Ethereum.
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U.S. Senate to Vote on IRS Broker Rule This Week: Report
The U.S. Senate is reviewing an IRS rule that categorizes DeFi operators as brokers, raising concerns over its impact on blockchain innovation and tax compliance. A potential reversal could redefine crypto regulations and shape the broader landscape for digital assets in the U.S.
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Crypto ETFs to Surpass Precious Metal ETFs in US: State Street
State Street predicted that digital asset ETFs AUM “will grow larger than” that of precious metals by 2025.
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Legal Expert Reveals Potential Ripple Lawsuit Outcome as XRP Added To Trump’s Crypto Reserve
Legal experts analyze Ripple’s ongoing lawsuit with the SEC, highlighting settlement challenges, as XRP gains momentum following its inclusion in Trump’s U.S. Crypto Reserve, sparking a 24% market rally.
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Crypto.com’s Cronos Weighs Reissuing 70 Billion CRO Tokens, Reversing 2021 Burn
Cronos, the Layer 1 blockchain linked to crypto exchange Crypto.com, is evaluating a controversial proposal to reissue 70 billion CRO tokens.
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Over 1,200 Crypto ATMs Shut Down in US After Fraud Prevention Bill Proposal
More than 1,200 cryptocurrency ATMs across the United States mysteriously went offline during the first weekend of March.
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ZachXBT Questions ADA and XRP’s Role in Trump’s Crypto Reserve Strategy
Blockchain investigator ZachXBT questions the legitimacy of ADA and XRP in Trump’s crypto reserve strategy, citing their lack of major stablecoin issuers, sparking debate over their role in the evolving crypto space.
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Colombia Senators Launch Fresh Bid to Regulate Crypto
Senators in Colombia want to make another attempt to regulate the Latin American nation’s crypto industry.
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Over 600 Russian Crypto Mining Firms Have Signed up to ‘National Register’ So Far
More than 600 Russian crypto mining firms and mining “infrastructure operators” have registered with the authorities to date, the nation’s Federal Tax Service (FTS) has claimed.
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