News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
U.S. spot bitcoin exchange-traded funds returned to net inflows totaling $116.8 million last week following four consecutive weeks of outflows.The shift was mirrored by global crypto investment products attracting $130 million in net inflows — including the U.S. spot bitcoin ETFs.
Synthetix founder Kain Warwick rolled out Infinex. Infinex abstracts barriers like wallet setup, asset bridging and gas fees Infinex aims to reduce the common barriers associated with decentralized finance.
Analysts at Bernstein suggested that bitcoin’s “flattish” price action can be good for miners — when economics are driven by competitive hash-rate wars.The analysts said they don’t anticipate any significant drawdown here and expect the bitcoin price to remain range-bound before breaking out to the upside.
Bitcoin posted an uptick on Monday morning as traders await two U.S. inflation prints this week.The inflation data could assist in determining whether and when the Federal Reserve might decrease borrowing costs in 2024.
- 10:38Bitcoin spot ETF had a net inflow of 1.076 billion US dollars on January 17th, with the ETF net asset ratio reaching 5.85%According to SoSoValue data, as of Eastern Time January 17th, the total net inflow into Bitcoin spot ETFs was $1.076 billion. Of this, Grayscale's ETF GBTC had a single-day net inflow of $20.7609 million, with GBTC's historical net outflow currently standing at $21.654 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $21.8218 million, with its historical total net inflow currently at $960 million. The Bitcoin spot ETF with the highest single-day net inflow on January 17th was BlackRock’s IBIT ETF, which saw a daily net influx of $376 million and has so far amassed a total historical net influx of $38.412 billion. Next is Fidelity’s FBTC ETF which saw a daily influx of $326 million and has so far accumulated an overall historic influx totaling to about 12.837 billion dollars. As per the time this report was published, the Net Asset Value (NAV) for all Bitcoin Spot ETFs stood at approximately 121.28 Billion USD; The ratio between these funds' NAV and their market value compared to that of bitcoin stands at around 5.85%. The cumulative historic flow into these funds totals up to about 38.18 Billion USD.
- 10:33The probability of Trump establishing a Bitcoin strategic reserve within 100 days after taking office has dropped to 33% on PolymarketOn January 21, data from the prediction market Polymarket showed that the probability of Trump establishing a Bitcoin strategic reserve within 100 days after taking office was 33%, down by 28 percentage points in the past 24 hours.
- 10:12Zach's public address has transferred 16,348 SOL of LP profits to WintermuteZach's public address investigations.sol has transferred 16,348 SOL of LP profits to Wintermute, approximately 3.89 million US dollars.