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Bitcoin spot trading on centralized exchanges has fallen to its lowest point in over four years, according to data from CryptoQuant.
Crypto analyst Axel Adler Jr. noted that current spot volumes mirror levels last seen in October 2020. According to him, this shift points to a broader market trend in which Bitcoin holders are refraining from moving their coins on-chain or selling them on spot...
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch.
Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly at open to $123. This follows an earlier...
Michael Saylor, chairman of Strategy and a long-time Bitcoin advocate, has dismissed concerns that quantum computing poses an imminent threat to the top crypto.
In a recent CNBC interview, Saylor argued that the narrative is exaggerated to promote speculative quantum-resistant tokens. He noted :
“It’s mainly marketing from people that want to sell you the next quantum yo-yo token.”
According to...
Digital asset investment products attracted $224 million in inflows last week, extending a seven-week streak that now totals $11 billion, according to CoinShares‘ latest weekly report.
However, James Butterfill, CoinShares’ head of research, noted that the pace of inflows into these products continues to slow.
Butterfill pointed to rising uncertainty over US monetary policy as a key factor...
Spot Bitcoin ETFs have struggled to keep the inflow momentum they established in May. The first trading day of the month ended with a $267.5 million outflow, which followed the massive $616.1 million outflow on May 30.
Another $278.4 million outflow on June 5 and a smaller $47.8 million on June 6 effectively erased the two days of inflows ETFs saw this month. June 3 and June 4 saw modest inflows...
The Blockchain Group (ALTBG) has inked a headline-grabbing deal with French asset manager TOBAM to raise up to €300 million (≈ $342M) in an “ATM-style” equity program aimed squarely at bolstering its Bitcoin reserves.
The announcement, paired with a 624 BTC buy last week, marks Europe’s largest single corporate initiative to convert equity into Bitcoin directly. It signals a growing appetite for...
Bitcoin futures have returned to parity with spot prices following a steep 5% drawdown earlier this week that liquidated more than $4 million in leveraged long positions.
Price action on Binance’s BTC-USDT perpetual contract shows a reversal from a June 5 low of $100,700 to $105,499, nearing the prior high of $106,775 reached on June 3.
The move unfolded as large trades entered both before and...
Ripple plans to offer up to $200,000 in grants to Japanese startups building on the XRP Ledger (XRPL).
The initiative, announced on June 9, is part of the company’s broader effort to foster blockchain innovation in Japan.
According to the statement, the funding is tied to a new partnership with Web3 Salon, a program supported by the Japan External Trade Organization (JETRO). Ripple will provide...
OpenSea’s rollout of its OS2 platform has driven its highest user growth in over two years, suggesting that the long-dormant NFT market may be flickering back to life.
Monthly active users on OpenSea jumped to roughly 467,000 in May, marking a 44% increase from April and the most since April 2023.
OpenSea Monthly Active Users (Source: Dune Analytics)
While sales volumes remain at a fraction of...
Argentina’s Anti-Corruption Office has determined that President Javier Milei did not violate any ethics laws when he promoted the Solana-based LIBRA memecoin in February.
In a resolution issued on Friday, the office declared that Milei’s Feb. 14 X post constituted a personal statement rather than an official announcement as a public servant. Therefore, Milei’s post did not result in any ethics...