Bitcoin ETFs See $65M Net Outflows on Monday, Breaking 19-Day Record Streak
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.
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Financial
Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain
The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund with Onyx Digital Assets.
Financial
Bitcoin ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind
Crypto lending firm Ledn survived the crypto winter by being “boring, slow and safe,” according to a co-founder.
Financial
Bitcoin Falls Back After Attempt at $72K, but Fed, U.S. Data and Global Rate Cuts May Bring New All-Time Highs
Upcoming consumer price index and labor market veri releases in the next few days could be key for what’s next for bitcoin’s price.
Financial
First Mover Americas: Bitcoin Fluctuates Around $71K, Consolidating This Week’s Rally
The latest price moves in crypto markets in context for June 6, 2024.
Financial
Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices
One market observer noted “very concentrated call buying” looking to profit from a rally to between $74,000 and $80,000 by the end of this month.
Financial
Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
On-chain veri shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.
Financial
Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin’s slump since March was driven by long-term holders selling, but blockchain veri shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.
Financial
Crypto Bettors Lay 17% Odds on Donald Trump in Jail Before Election Day
Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket.
Financial
Bitcoin Is Still Strong, but Macro Factors Pose Risk, Crypto Analyst Says
Hardening government bond yields post a risk to risk assets, including cryptocurrencies, one crypto observer said.