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Ark Invest offloaded another 70,616 Coinbase shares on Tuesday — worth $15.1 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest COIN sales are the most significant since April 11, when the investment firm offloaded $20.4 million worth of the stock.
Bitcoin long liquidations have spiked above $30 million in the past 24 hours.Bitcoin’s price has dipped over 3% during this time, currently trading at $62,300.
Bitcoin may be preparing for trend continuation, but on short timeframes, BTC price behavior is inspiring no one.
The total crypto market cap has lost almost $100 billion daily and $150 billion since Monday.
While every other spot bitcoin ETF had inflows or no flows, GBTC’s significant outflows overpowered the market.
Quick Take Vitalik Buterin and co-authors proposed EIP-7702 as an alternative to EIP-3074 to refine Ethereum’s account abstraction. It lets EOAs temporarily act as smart contract wallets during a transaction and revert to their original state afterward.
A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
- 17:36Dow, S&P 500 turn up one after anotherGold Finance reports that the Dow and S&P 500 have turned higher, while the Nasdaq is now down 0.04%.
- 17:35BlackRock to Launch Bitcoin ETP in EuropeBlackRock is preparing to launch an exchange-traded product (ETP) directly linked to bitcoin in Europe. According to people familiar with the matter, the fund could be registered in Switzerland and begin rolling out as soon as this month. A BlackRock spokesperson declined to comment on the news.
- 17:22Pudgy Penguins: 12,164,667,616 destroyed today $PENGUChainCatcher has learned that Pudgy Penguins, the “Fat Penguin” of the NFT project, has announced in a post on the X platform that it has destroyed 12,164,667,616 $PENGUs today, which amounted to 13.69% of the total supply at the end of the claim.