Weekly Outflows from Crypto Products Reach $726M
According to a recent report by CoinShares, cryptocurrency investment products experienced another difficult week, with a total of $726 million being pulled out.
Crypto Users Lost $5.6B Due to Crypto Scams in 2023: Report
A new FBI report released on Monday has revealed that investors have lost a record-breaking $5.6 billion to crypto-related financial crime in 2023, a sharp increase of 45% from the previous year.
BBVA Starts Offering USDC to its Swiss Clients
Spanish bank BBVA has today announced the expansion of its cryptocurrency custody and trading services in Switzerland to now include USD Coin (USDC) for both institutional and private banking clients.
VanEck to Close its Ethereum Futures ETF
Investment firm VanEck on Friday announced its intention to close and liquidate its Ethereum futures ETF (EFUT).
WisdomTree Drops Ethereum ETF Application
Asset manager WisdomTree has made the decision to withdraw its request for a spot Ether exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC).
Arthur Hayes: Bitcoin Will Fall Below $50,000 This Weekend
On Friday, co-founder and former CEO of BitMEX crypto exchange Arthur Hayes stated that he predicts Bitcoin’s price will go below $50,000 over the weekend.
Spot Bitcoin ETFs Keep Bleeding
On September 5, the top 12 Bitcoin ETFs experienced significant outflows of $211.15 million, representing an increase of over six times compared to the previous day’s outflows of $37.29 million.
