News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take The bitcoin price pulled back to under $100,000 — marking a 5.7% decline in the past day. Over $850 million worth of crypto trades were liquidated on exchanges in 24 hours, predominantly affecting long positions.
The equities exchange posted an amended rule filing on Monday that would allow for in-kind redemptions and creations for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. Ahead of the U.S. Securities and Exchange Commission’s approvals for spot bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work for those products.
Quick Take Analog, a blockchain interoperability protocol, raised $5 million at a $300 million token valuation, marking a 150% jump in valuation within a year. Analog is set to launch its token on Feb. 6, following its recent mainnet debut.
Amid market volatility, these three crypto tokens achieved all-time highs. Explore the factors behind their surges and key levels ahead.
XRP's rally to $3.40 has stalled, with bearish signals hinting at a correction. Can it hold $3, or will $2.73 become the next support level?
- 07:36Over the past hour, more than 60 million US dollars have been liquidated across the entire network, mainly long positionsOdaily Planet Daily reports that Coinglass data shows that in the past hour, a total of 63.9465 million US dollars have been liquidated across the network, including 63.3341 million US dollars from long positions and 0.6124 million US dollars from short positions.
- 07:35The Grass team deposited 4.75 million GRASS into CEX eight hours ago, valued at 13.01 million US dollarsPANews reported on March 3rd, according to on-chain analyst @ai_9684xtpa's monitoring, the Grass team is suspected of shipping out. Eight hours ago, they deposited 4.75 million GRASS into CEX, worth $13.01 million USD. This address received 10 million tokens before TGE and the last large transfer to an exchange was two months ago; there were no token unlocks or activities found upon further investigation.
- 07:33Matrixport: Bitcoin ETF saw a record outflow of funds in February, current ETF selling pressure may have stoppedOdaily Planet Daily reports that Matrixport released a chart today stating that since the launch of Bitcoin ETF in January 2024, the scale of fund outflows this month has reached a historical high, possibly due to hedge funds closing basis trades (long ETF versus short futures). This trend coincides with the decrease of $8 billion in open contracts for Bitcoin futures on the Chicago Mercantile Exchange (CME) since the Federal Reserve FOMC meeting in December 2024, a drop exceeding 20% of total ETF inflows. This round of selling pressure may be related to the expiration and delivery of February futures contracts, but this factor has now been digested. As its impact fades, hedge funds may reduce their sales of ETFs and reassess arbitrage spreads in late March. At present, it seems that ETF selling pressure has temporarily stopped.