A 13-session redemption wave has drained $4.4 billion from spot crypto ETFs tracking Bitcoin, Ethereum, Solana, and XRP, with BlackRock's IBIT alone shedding $342 million on Wednesday. The sell-off spans all major asset categories, as institutional and retail investors pull capital from products that had attracted significant
Bitmine, the Ethereum treasury firm backed by analyst Tom Lee, is approaching $9 billion in unrealized losses as ETH slides below $1,800, revisiting price levels last seen in February. The company's shares have fallen to their lowest point since it pivoted its corporate strategy to accumulate Ethereum
Blockware has appointed Megan Brooks-Anderson as its new Chief Executive Officer, signalling a strategic shift beyond its core Bitcoin mining operations. Brooks-Anderson will lead the company's expansion into artificial intelligence and high-performance computing infrastructure, sectors that have attracted growing interest from crypto mining firms seeking to diversify revenue
Bitcoin's recent price decline is being driven by capital rotating out of crypto and into competing momentum trades such as AI stocks and IPOs, rather than anxiety over Michael Saylor's bitcoin disposals, according to Charles Schwab analyst Jim Ferraioli. The distinction matters because it shifts the
Treasury Secretary Scott Bessent has told the Senate Finance Committee that the Trump administration is actively pursuing a Strategic Bitcoin Reserve, marking a significant step toward formalising federal Bitcoin holdings. Bessent urged lawmakers to pass both the BITCOIN Act and the Clarity Act, legislation that would legally establish and potentially
Hyperliquid has captured a record share of the global perpetuals market, driven in part by HIP-3, its tokenized asset framework, which surpassed $62 billion in monthly trading volume. The milestone reflects growing institutional and retail appetite for decentralized derivatives infrastructure, with HIP-3 attracting significant speculative activity. However, the headline figures
Estate-linked wallets from the defunct Mt. Gox exchange transferred 10,422 BTC — valued at approximately $739 million — on June 2, heightening concerns about potential selling pressure during an already stressed market. The movement of long-dormant bankruptcy assets historically triggers caution among traders, who watch such transfers as early signals of