Business

BTC, ETH, SOL and XRP ETFs Hemorrhage $4.4 Billion Over 13 Sessions, Only HYPE in Green

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The Bitcoin ETF hemorrhaging has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow to 13 consecutive sessions and spending of $4.37 billion since mid-May, while ether, solana and XRP products joined the redemption wave. Hyperliquid’s spot HYPE ETF was the only major crypto fund still pulling […]

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Apparently Zcash outage was a block explorer issue, infrastructure provider says

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For a few hours on Wednesday Asian time, Zcash’s blockchain appeared to produce no new blocks — but that’s a problem with the block explorers themselves, not the chain, according to some observers. Think of the blockchain as a ledger that keeps growing as new transactions are added. Each “block” is a new entry in

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Pace Gallery lays off 50 artists and 50 employees amid art market challenges

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In perhaps the strongest sign yet of a major transformation in the art market, Pace Gallery plans to announce Thursday that it is reducing its roster by 50 artists and its staff by 50 people, indicating that even a prominent established gallery is having to downsize in this challenging economic climate. “The whole art gallery

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Bitcoin Briefly Falls Below $62,000 As $1.5 Billion In Crypto Loans Are Wiped Out

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Bitcoin briefly dipped below $62,000 on Thursday morning Hong Kong time, sparking more than $1.5 billion in leveraged crypto liquidations over the past 24 hours as a wave of forced selling accelerated the market’s steepest decline in months. More than 208,000 traders were liquidated across crypto markets, according to CoinGlass data, with bitcoin accounting for

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Bitcoin selloff continues as prices dip below $63,000 for first time since February

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Bitcoin BTC$62,801.32 extended losses early Thursday, falling to $63,000 for the first time since February 24. The cryptocurrency has lost over 14% this week alone and 21% over the past four weeks, according to CoinDesk data. The selling has sparked demand for protective option plays, pushing the fear gauge, the 30-day implied volatility index BVIV,

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Crypto PACs go undefeated in June primaries as Fairshake scores two-game winning streak

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Crypto-backed super PACs swept Tuesday’s primary election, with all 11 candidates backed by Fairshake affiliates advancing or winning their races, extending the industry’s electoral winning streak while revealing a strategy increasingly focused on cultivating Democratic allies rather than supporting incumbent crypto champions. The results spanned nine California congressional races, New Jersey’s 8th District and South

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Coinbase is said to be exploring participating new stablecoin platform backed by Stripe, Visa, Mastercard

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Global payments networks Stripe, Visa and Mastercard are close to introducing a new stablecoin platform, according to three people familiar with the plans. US-listed cryptocurrency exchange Coinbase (COIN) is also exploring the possibility of joining the stablecoin platform, one of the people said. Coinbase, Stripe and Visa declined to comment. Mastercard had not responded to

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Tom Lee’s Bitmine (BMNR) to offer preferred stock with 9.5% dividend following Strategy’s playbook

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BitMine Immersion Technologies (BMNR), an Ethereum treasury company led by Fundstrat co-founder Tom Lee, is borrowing a page from Strategy’s financing playbook and launching a $300 million preferred stock offering as crypto-treasury firms search for new ways to secure funding. According to a Wednesday filing with the US Securities and Exchange Commission (SEC), the company

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