Crypto outflows on the rise as investors bet against Bitcoin
Crypto outflows on the rise as investors bet against BitcoinShort Bitcoin investment products received their single largest inflow since March last week.
Happy Tuesday!The global crypto market cap is $1.04 trillion, with a 24-hour volume of $34.52 billion. The price of Bitcoin is $26,185.26, and BTC market dominance is 49.1%. The price of Ethereum is $1,603.07, and ETH market dominance is 18.6%. The best-performing sector is DuckSTARTER, which gained 475%. The Crypto Fear & Greed Index is currently Extreme Fear (30). Top News
Crypto outflows on the rise as investors bet against BitcoinShort Bitcoin investment products received their single largest inflow since March last week. Ex-PayPal, Facebook exec David Marcus says Lightning can turn Bitcoin into a ‘real global payment network’Marcus says that his company, Lightspark, aims to expand Lightning's availability. FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024The court filings showed that more than 75 firms are bidding for FTX or its assets as the company undergoes radical restructuring. Latest Insights
More NewsMeta reportedly building new AI model to compete against OpenAI’s ChatGPTThe tech powerhouse is reportedly building new data centers and buying up NVIDIA chips in an effort to surpass its previous efforts and rival market frontrunners. Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulationsLooming regulations from the Financial Conduct Authority have sparked an industry-wide slowdown of crypto services in the United Kingdom. Despite industry objections, SEC’s Gensler continues to classify crypto as securitiesGensler doubles down on crypto regulations amidst industry backlash and legal setbacks. New UK crypto laws pose stiff challenge for most firms, cautions Delphi Labs counselThe U.K.'s FCA implemented a revised financial promotions regime set to take effect in October. Polkastarter rebrands to GAM3S.GG after successful $2M funding roundThe rebranded "superapp" aims to fill a market niche for web3's one-stop shop for games and gaming culture.
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Bitcoin user’s costly error leads to record transaction fee of $510,000
Monday, September 11, 2023
The average transaction fee on the Bitcoin network was less than $3.
China’s economic shift and its implications for crypto
Sunday, September 10, 2023
CryptoSlate's latest market report dives deep into shifts in China's economic policies and the effects it could have on the global financial and crypto markets.
Binance drops support for Sandbox NFT staking, will soon end support for all Polygon NFTs
Saturday, September 9, 2023
Each feature survived just half a year on Binance's NFT platform.
JP Morgan considering a new blockchain-based settlement token
Friday, September 8, 2023
The asset could be more versatile than the bank's existing JPM Coin, but the idea is said to be in very early stages.
Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence
Thursday, September 7, 2023
Arkham Intelligence reports that the funds are distributed among more than 1750 addresses.
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