Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs
The ETH products recorded $60 million in net outflows each week, the most since August 2022.
Financial
Financial
Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows
Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, one trading firm said.
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U.S. SEC Sues Crypto-Friend Silvergate Bank, Alleging ‘Misleading’ Statements Around AML Program
Silvergate’s executives were aware of ‘critical deficiencies’ in the bank’s anti-money laundering protections, the SEC alleged.
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Bitcoin’s Bottom in Price Could Be Near or Already In, the Coinbase Premium Index Suggests
Previous deeply negative readings occurred near local bottoms in price, with the most recent occurring just prior to BTC’s rally between October and March to all-time highs, FalconX’s David Lawant noted.
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Circle Snags First Stablecoin License Under EU’s New MiCA Crypto Rules
Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.
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CoinDesk 20 Performance Update: NEAR and AVAX Lead
Over the weekend, NEAR and AVAX led the CoinDesk 20 with only one asset posting a loss.
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Crypto Custody Firm Anchorage Offers Investment Returns Through Deal With Cumberland-Backed Hashnote
Hashnote Harbor will enable clients to earn yields on digital commodities without the assets ever leaving the custody of Anchorage Digital.
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Crypto Spot ETFs Will Have More Influence on Market’s Price Action: Canaccord
Ether spot ETFs, evvel launched, should help broaden institutional appetite for other digital assets, the report said.
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First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles
The latest price moves in crypto markets in context for July 1, 2024.
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Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations
The umbrella body for central banks also cautioned against premature easing of monetary policy.