News Explorer — Crypto Funds Bled $1.07 Billion Last Week as Bitcoin, Ethereum ETF Investors Cashed Out

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May 18, 4:00 pm

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Crypto Funds Bled $1.07 Billion Last Week as Bitcoin, Ethereum ETF Investors Cashed Out

Last week, crypto investment products experienced a significant outflow of $1.07 billion, mainly due to renewed geopolitical anxiety linked to Iran. The U.S. market saw the largest outflows, while European investors remained relatively stable, with some countries even attracting net inflows.

Last week, crypto investment products experienced a significant outflow of $1.07 billion, mainly due to renewed geopolitical anxiety linked to Iran. The U.S. market saw the largest outflows, while European investors remained relatively stable, with some countries even attracting net inflows.

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May 19, 6:06 pm

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Warren Raises Concerns About OCC Granting National Trust Bank Charters to Crypto Firms Like Coinbase

Sen. Elizabeth Warren is questioning the OCC's approval of national trust bank charters for crypto companies, arguing th... Read Summary

May 19, 4:20 pm

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Canaan's Stock Falls Following Q1 Loss, CEO Comments on Bitcoin Mining Challenges

Canaan's stock price dropped over 13% to $0.418 following a second consecutive quarterly loss of $88.7 million. The comp... Read Summary

May 19, 3:08 pm

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Strategy's MSTR Shares Could Surge by 139% to $400 With Successful Bitcoin Accumulation: TD Cowen

TD Cowen analysts predict a potential 139% increase in shares of Bitcoin treasury firm Strategy (MSTR) to $400 per share... Read Summary

May 19, 2:46 pm

bitcoinmagazine.com

Strive, Inc. Boosts Bitcoin Holdings to $1.18 Billion

Strive, Inc. has acquired 382 Bitcoin for $30.3 million, increasing its total holdings to 15,391 BTC, or about $1.18 bil... Read Summary

May 19, 2:26 pm

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Japan's Ruling Party Proposes Using Stablecoins, Blockchain to Enhance Financial Infrastructure

Japan's ruling party is advocating for stablecoins, tokenized deposits, and blockchain settlement to prevent the country... Read Summary

May 19, 11:55 am

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US Spot Bitcoin ETFs Post $649M Outflows

Bitcoin ETFs experienced significant outflows totaling $648.64 million on Monday, following last week's $1 billion losse... Read Summary

May 19, 11:13 am

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Echo Protocol Hit By $76M Exploit on Monad

An exploit on Echo Protocol's deployment on the Monad blockchain allowed an attacker to mint 1,000 unauthorized eBTC. Th... Read Summary

May 19, 10:16 am

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Ohio Investment Manager Sentenced to 9 Years in Prison for $10 Million Bitcoin Trading Ponzi Scheme

Rathnakishore Giri, an Ohio investment manager, has been sentenced to nine years in prison for running a $10 million cry... Read Summary

May 18, 8:55 pm

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Bitcoin's Governance Model May Hinder Its Ability to Transition to Quantum-Resistant Cryptography, Says Citi

Citi analysts warn of Bitcoin's vulnerability to quantum attacks due to its structural exposure of public keys during tr... Read Summary

May 18, 7:48 pm

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Swan Bitcoin Accused of Transferring Nearly $1 Billion in Assets Before Prime Trust's Bankruptcy to Avoid Losses

Swan Bitcoin, a defendant in a lawsuit filed by PCT Litigation Trust, is accused of avoiding losses by transferring asse... Read Summary

May 18, 6:55 pm

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Insider Trading? Interconnected Polymarket Accounts Profited $2.4 Million From Predicting US Actions in Iran War

An investigation by Bubblemaps revealed that a cluster of nine interconnected Polymarket accounts made $2.4 million from... Read Summary

May 18, 5:34 pm

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Ethereum Founder Vitalik Buterin Says AI-Fueled Mathematical Verification Could Boost Blockchain Security

Vitalik Buterin emphasized the importance of mathematically verified software in protecting Ethereum and the broader cry... Read Summary

May 18, 4:48 pm

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Hive's Stock Price Soared After Unveiling Plans for a $3.5 Billion AI Gigafactory in Canada

Hive Digital Technologies' stock price surged by 26% to $3.39 following the announcement of a new AI Gigafactory in Onta... Read Summary

May 18, 4:45 pm

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Bank of England, FCA Seek to Clarify Regulations for Tokenization in Financial Markets

The Financial Conduct Authority and the Bank of England have launched a joint Call for Input to provide firms with more... Read Summary

May 18, 4:00 pm

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Crypto Funds Bled $1.07 Billion Last Week as Bitcoin, Ethereum ETF Investors Cashed Out

Last week, crypto investment products experienced a significant outflow of $1.07 billion, mainly due to renewed geopolit... Read Summary