Even hackers have started to accumulate the world’s largest altcoin after the price massacre. Ethereum’s controversial history during the time of extreme distress continues, as the asset was among the poorest performers on Friday (and overall since the correction began), dumping to a 14-month low at $1,500. After the recent FUD spread on X…
Bybit has entered the tokenized equity market with the launch of IPO Express, a new product designed to offer blockchain-based exposure to private and public companies.The exchange also introduced subscriptions for tokenized SpaceX shares through a partnership with xStocks. Spot trading for the product is expected to begin on June 12. Summary Bybit launched IPO…
It was an extremely painful week for the spot Bitcoin ETFs, as the outflows skyrocketed to new anti-record. The spot exchange-traded funds tracking the world’s largest cryptocurrency are typically a solid sign of how the underlying asset’s price performs, unlike some of the altcoins. As such, it’s perhaps no surprise that, in the past…
The competition between blockchain networks in the tokenized real-world asset market is gaining more attention as analysts debate whether capital is starting to shift toward the XRP Ledger. Summary Analysts claim XRPL added fresh RWA capital while Ethereum experienced recent tokenized asset outflows. Crypto.news previously reported XRPL’s tokenized asset market expanded sharply during the first…
Bitcoin traders are watching a tense derivatives setup after on-chain analyst Maartunn pointed to a drop in BTC price while open interest moved higher. Summary Bitcoin’s price fell while open interest climbed, showing traders added leverage during market weakness. Rising open interest during a selloff can raise liquidation risk if price moves sharply. Crypto.news reported…
The ETFs were somehow in the green during one of the worst weeks in terms of price moves in recent crypto history. It was a painful week, no matter how you look at it or which cryptocurrency asset you support. Ripple’s XRP, arguably one of the alts with the biggest and loudest community, was…
Arthur Hayes has closed his entire Worldcoin position after turning cautious on WLD and other high-beta altcoins within days of publicly defending the trade. Summary Arthur Hayes sold his entire WLD position on June 6 after recently backing the AI-linked token. Hayes had earlier exited HYPE, NEAR, and ZEC within two days. Stacy Muur said…
Ethereum has entered a decisive bearish phase after losing multiple high-timeframe support levels in a matter of days. The latest sell-off pushed ETH through a major confluence zone that had previously acted as support throughout the first half of the year, placing the market at a critical juncture where buyers must defend lower demand levels…
U.S. spot Bitcoin ETFs returned to net outflows on Friday after briefly snapping a record withdrawal streak, with BlackRock’s IBIT leading the declines as Bitcoin fell below the key $60,000 support level and investor sentiment deteriorated. Summary Bitcoin ETFs posted $325.7 million in outflows, led by BlackRock’s IBIT with $213.7 million withdrawn.. Bitcoin price fell…
Strategy and Bitmine lead the pack with massive unrealized losses. The past week or so has been nothing short of a bloodbath in the cryptocurrency markets, with bitcoin plummeting to $59,000 on Friday for the first time in 19 months. Aside from losing more than $20,000 in approximately three weeks, BTC’s calamity dragged almost…
