Why Did Ethereum ETF Flows Turn Negative? U.S.-listed spot Ethereum exchange-traded funds recorded $70.62 million in net outflows on Friday, ending a five-session run of positive flows as cryptocurrency prices retreated from their weekly highs. The funds had attracted $211.25 million between July 17 and Thursday. Despite Friday’s reversal, they finished the week with $103.9
Why Is Strategy Replacing Its Bitcoin Metrics? Strategy has introduced a new market metrics framework designed to show common shareholders how much bitcoin value remains after accounting for the company’s preferred stock and convertible debt obligations. The largest corporate holder of bitcoin previously emphasized gross measures based mainly on the size of its BTC reserve.
Why Is BitMart Closing Its Crypto Exchange? BitMart will wind down its cryptocurrency trading platform after nine years of operation, ending all spot and derivatives trading on Aug. 26 before ceasing operations entirely on Jan. 31, 2027. The exchange said it reached the decision after reviewing its operating conditions, the market environment and its future
Why Is India Targeting Bitchat? India’s cybercrime coordination agency has ordered GitHub to disable access to three repositories linked to Bitchat, the decentralized messaging application developed by Block chief executive and Bitcoin advocate Jack Dorsey. The Indian Cyber Crime Coordination Centre, which operates under the Home Ministry, issued the notice late Thursday under Section 79(3)(b)
Why Did World Raise Another $52.5 Million? World Foundation has raised $52.5 million through a strategic sale of WLD tokens as the organization moves from building its identity network to expanding World ID adoption among enterprises, consumers and AI agents. Pantera Capital led the first close, with participation from Bain Capital Crypto, Eightco Holdings, Selini
Why Is Dango Closing Its Network? Layer-1 blockchain Dango will halt trading on its perpetual decentralized exchange on Wednesday before shutting down the network entirely on Aug. 13, less than seven months after launching its mainnet. “Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting
What Would The Stop Insider Trading Act Prohibit? The U.S. House of Representatives has approved legislation restricting members of Congress and their immediate families from buying publicly traded stocks, sending the measure to the Senate for consideration. Lawmakers passed the Stop Insider Trading Act in a 232-198 vote on Wednesday. The bill would prohibit members
Why Is LMAX Reviewing Strategic Options? Institutional trading platform LMAX Group is evaluating a possible sale or public listing that could value the London-based company at up to $5 billion. LMAX is working with Morgan Stanley and KBW, the investment banking unit of Stifel, as it reviews several routes. The options include a traditional initial
Former global Bitcoin mining leader Poolin Technology and its affiliated entities have officially filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey. The court filing marks the operational end of a multi-year decline that began with China’s 2021 crypto mining ban and escalated through severe liquidity
Brent crude oil settled above $100 a barrel on Thursday for the first time in two months after Houthi forces said they struck two Saudi tankers in the Red Sea, then gave back part of the move within a session. The global benchmark closed at $100.69, a gain of about 7% and a fifth consecutive session