Goldman Sachs just disclosed $1.58 billion in Bitcoin ETF holdings. And the crypto community is buzzing, understandably.
Ripple vs. SEC: Are We Finally Close to XRP’s Legal Resolution?
Ripple (XRP) is back in the spotlight, with investors eagerly awaiting the outcome of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).
Japan about to go crypto crazy, and allowing Bitcoin ETFs
Japan might be about to shake things up in a big way, as the Japanese Financial Services Agency, the FSA is seriously considering treating crypto like regular financial products, like stocks and bonds. What does this mean? Bitcoin spot ETFs are coming?
ETH’s Record Exchange Outflows Clash With Rising Short Positions: A Market at Crossroads
Ethereum is facing an unusual market situation, with short positions surging over 500% compared to last November.
This spike suggests that Wall Street hedge funds are increasingly bearish on ETH, possibly due to its price sensitivity to regulatory developments and shifting investor interest toward alternatives like Bitcoin and Solana.
Ethereum Trading Volume Drops Amid Cautious Investor Sentiment
A sharp decline in Ethereum’s trading volume is likely linked to a market correction that followed a steep price drop.
Additionally, leveraged positions have been reduced as significant outflows from derivatives exchanges continue.
This pattern indicates that investors are exercising caution, possibly waiting for stronger market signals before making new moves.
Bitcoin Outshines Ethereum With Strong ETF Inflows
Bitcoin has continued to outperform Ethereum, strengthening its market position thanks to substantial inflows into Bitcoin ETFs.
The growing disparity in ETF performance has only widened the gap between the two assets, reinforcing Bitcoin’s reputation as a more stable investment.
As a result, ETH is now trading at multi-year lows against BTC, further highlighting the current shift in investor confidence.
Ryan Lee, Chief Analyst at Bitget Research
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Kenya Police advertised a crypto scam
Kenya’s Directorate of Criminal Investigations had its social media accounts hijacked, to promote a bogus cryptocurrency.
Jerome Powell agrees to work with lawmakers on crypto debanking
Federal Reserve Chair Jerome Powell has made a bold statement, calling for a “fresh look” at debanking concerns amid growing criticism that crypto firms are being denied access to banking services.