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BlackRock bitcoin ETF sheds $528 million, second largest daily outflow on record

BlackRock’s iShares Bitcoin Trust shed $527.84 million on Wednesday, the second-biggest one-day net outflow since the fund launched in January 2024, according to SoSoValue data. The figure missed the record by a razor-thin margin. IBIT’s biggest ever outflow remains the $528.3 million drawn on Jan. 30, which Wednesday’s drawing came within about $500,000 of matching.

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BTC may drop much lower as $150 billion treasury operation approaches

A fund manager has issued a stark warning: Bitcoins BTC$72,901.60 The ongoing sell-off could deepen as upcoming US Treasury transactions are expected to drain around $150 billion of liquidity from the financial system. “In my experience, Bitcoin tends to be a better liquidity indicator than most other instruments. If Treasury settlements are a drain on

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Bitcoin falls below $73,000 as US attacks on Iran trigger $1 billion in liquidations

Bitcoin broke below $73,000 for the first time in months as new US attacks on Iran sent risk assets lower and triggered one of the biggest liquidation events of the year. Bitcoin BTC$72,753.98 traded at $72,978 in Asian hours on Thursday, down 3.4% over 24 hours and 6.3% over the past seven days, per CoinDesk

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SoFi brings bank-issued stablecoin to 15 million users in crypto push

SoFi has rolled out its dollar-backed stablecoin, SoFiUSD, to users of its banking app, becoming the first US national bank to offer a stablecoin directly to retail customers on a public blockchain. The company said Wednesday that nearly 15 million members will be able to buy, sell, hold and convert SoFiUSD in the SoFi app.

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Singapore charges former Hodlnaut CEO Zhu Juntao with Terra collapse claims

Authorities in Singapore have charged the former CEO of collapsed crypto lender Hodlnaut Zhu Juntao with fraud, nearly four years after the firm froze withdrawals during the collapse of the TerraUSD ecosystem. Singapore’s police force said Zhu faces six charges of fraud by false representation in a statement on Tuesday. Prosecutors allege that Zhu directed

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Bitcoin Gauge Tracking Selling Pressure Moves Into ‘High Risk’ Zone As BTC ETF Demand Drops

The institutional bid under bitcoin BTC$74,067.02 runs on steam. U.S. spot bitcoin ETFs have absorbed a net 4,500 BTC since the start of the year, an unusually thin number considering the products were the structural buyer driving the 2025 rally, as of Swissblock data shared on X Tuesday. March and April produced a steady accumulation

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US CFTC files request to delete Gemini settlement, which it no longer considers fair

The US Commodity Futures Trading Commission wants to tear up the remnants of an old dispute with crypto exchange Gemini, with the agency insisting its own employees’ claims about Gemini’s misleading statements were not properly handled. The CFTC filed a request along with Gemini in federal court to overturn a settlement secured early last year,

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