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Hong Kong Crypto ETFs Records $39.3M Net Outflow in a Single Day
On May 13, Hong Kong's six spot Bitcoin and Ether exchange-traded funds (ETFs) recorded their largest net outflows since their launch on April 30. Investors withdrew $39.3 million from these Hong Kong crypto ETFs, erasing all the gains they had... -
Long-Dormant Bitcoin Whales Shift $61.2M in BTC After a Decade
Two Bitcoin Whales' wallets, which have been dormant for a decade, suddenly became active on May 12, as they transferred a total of 1,000 BTC, currently valued at approximately $61.2 million. Bitcoin Whales' Addresses Ranked as 4,353rd-Largest Holdings According to... -
Hong Kong Police Arrest Businessman Linked to Crypto Investor Kidnapping
Hong Kong authorities have arrested a local businessman connected to the abduction of a cryptocurrency investor. The arrest occurred after the businessman voluntarily turned himself in. The vehicle used in the kidnapping is reportedly owned by the businessman's family. Main... -
Disney Scales Up Bundle Partnerships as It Works Towards Streaming Profits
Disney has announced a bundle partnership with Warner Bros’ Discovery under which Disney+, Hulu, and Max would be available under one platform to subscribers in the US beginning this summer. In Disney’s release, Joe Earley, president of direct-to-consumer at Disney... -
Robinhood’s Cryptocurrency Earnings Jump 232% Amid Ongoing SEC Dispute
Robinhood has reported a substantial 232% increase in its cryptocurrency revenue during the first quarter, marking a period of significant financial growth for the trading platform. This surge is attributed to heightened bitcoin trading activity and higher interest rates. However,... -
Binance Hit with $4.4M Fine by Canadian Regulator for AML and CFT Breaches
Canada's financial regulator announced on May 9 that it had imposed a nearly C$6 million (approximately $4.4 million) fine on global exchange Binance for breaching the money laundering and terrorist financing laws in the country. Binance Canada Fined for Service... -
India’s Crackdown on E-Nugget Scam Yields $10M Seizure from Crypto Exchanges
The Enforcement Directorate of India has successfully concluded a multi-year operation against the "E-Nugget" scam based in Kolkata, leading to the arrest of the scheme's orchestrator. The crackdown also resulted in the seizure of substantial amounts of cash and cryptocurrency.... -
National Bank of Rwanda Takes Leap to Introduce CBDC
In alignment with Rwanda's aspirations for a digital economy and its ongoing digital transformation, the National Bank of Rwanda (BNR) opened its completed feasibility study on retail Central Bank Digital Currency (CBDC) on May 8 to public comments. National Bank... -
Rivian Stock Falls on Mixed Q1 Earnings: Key Takeaways
Rivian (NYSE: RIVN) stock is trading lower in US premarket price action today after the startup electric vehicle (EV) company reported mixed earnings for the first quarter of 2024. Here are the key takeaways from the report. Rivian’s earnings came... -
Grayscale Withdraws Application for Ethereum Futures ETF Approval from SEC
Grayscale, a major crypto asset manager, has scrapped its proposal to launch an Ethereum futures exchange-traded fund (ETF). The company withdrew its application for a rule change to the Securities and Exchange Commission (SEC) on May 7. Grayscale Futures ETF...
