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Spot Bitcoin ETFs See $200M Outflows as Inflation Data Looms
Data from SoSo Value reveals that US spot Bitcoin ETFs experienced a massive daily outflow of over $200 million on June 11, as market participants anxiously await the May Consumer Price Index (CPI) data later today. Massive Outflows from Spot... -
SEC Evaluates ProShares Proposal for Spot Ether ETF
The United States Securities and Exchange Commission (SEC) announced on June 10 that it is currently evaluating ProShares' application for a spot Ether exchange-traded fund (ETF). This development came just three weeks after the US SEC approved the first batch... -
GM Stock Rises After Company Announces $6 Billion Buyback
While shares of electric vehicle (EV) companies have sagged over the last year and almost all the companies barring Tesla are struggling with losses, investors in legacy automakers like Ford and General Motors (NYSE: GM) are in for a payout... -
Ripple Joins Forces with National Bank of Georgia to Advance Digital Economy
The Republic of Georgia is taking major strides to digitize its financial sector by forming a strategic partnership with Ripple. On June 8, top officials from the National Bank of Georgia (NBG) held a pivotal meeting with Ripple's executives to... -
Inflation Unveiled: Understanding Its Causes and Effects
Inflation, often misunderstood, is the general increase in the prices of goods and services in an economy, leading to a decrease in the purchasing power of currency. The main drivers of inflation include the growth in money supply, interest rate... -
Why Did Bitcoin City’s First Citizen Leave El Salvador? A 2-Year Waiting Game
In November 2021, President Nayib Bukele of El Salvador unveiled an ambitious plan for Bitcoin City, a geothermally powered metropolis funded by unissued volcano bonds. The project aimed to create a Bitcoin-led municipality that would attract crypto enthusiasts from around... -
Vitalik Buterin Critiques Celebrity Crypto Projects and Shares Blueprint for Legitimate Ventures
Ethereum co-founder Vitalik Buterin has expressed unhappiness with the current wave of celebrity crypto initiatives, citing a lack of genuine societal benefits. He praised groups like Stoner Cats for funding real-world causes. Buterin also outlined the requirements that celebrity cryptocurrency... -
TON Foundation Unveils Plans to Expand USDT Access on Ton Network
The TON Foundation has announced a cooperation with Tether to increase worldwide crypto communities' access to USDT on the TON network. The foundation has announced intentions to incorporate TON-based USDT into at least a hundred exchanges and payment processors in... -
Semler Scientific Bolsters Treasury with $17 Million Bitcoin Investment
Medical manufacturing company Semler Scientific is significantly increasing its investment in Bitcoin as a reserve asset for its corporate treasury. The firm announced its purchase of an additional 247 Bitcoin worth $17 million on June 6. Semler Increases Bitcoin Holdings... -
US Appeals Court Overturns SEC Rule on Private Equity and Hedge Fund Oversight
On June 5, a US appeals court struck down a Securities and Exchange Commission (SEC) rule designed to increase transparency for investors in private funds. This ruling came as a major blow to the SEC's efforts to regulate the nearly...
