Day: June 12, 2024

U.S. Spot Bitcoin ETFs Experience Record Outflows

On June 11, U.S. spot Bitcoin ETFs witnessed a dramatic $200 million in net outflows, marking the most significant single-day loss since May 1, when outflows reached $564 million. This sharp decline in investor interest primarily affected the Grayscale Bitcoin Trust (GBTC), which saw the highest net outflows of $121 million, and the Ark Invest […]

Dormant Bitcoin Wallet Awakens, Transfers $535M to Binance

An unknown entity recently reactivated a Bitcoin wallet that had been dormant for over five years, transferring Bitcoin worth approximately $535 million to the cryptocurrency exchange Binance. The transaction occurred on June 11, marking the end of a long period of inactivity since December 2018. Blockchain analytics reveal that the whale, the owner of the […]

Normie Coin Apologizes for Controversial Promotional Video

Normie, a base chain meme coin, has issued a public apology after releasing a promotional video that included a depiction of suicide, sparking significant backlash from the cryptocurrency community. The controversial video, which has since been deleted, featured the Normie character committing suicide, being buried, and then having a conversation with a God-like figure who […]

DeFi Technologies Adopts Bitcoin as Primary Reserve Asset

DeFi Technologies, a crypto-focused public company based in Canada, has officially adopted Bitcoin as its “primary treasury reserve asset,” following a path similar to MicroStrategy and other global firms. The company, which trades under the “DEFI” ticker on Cboe Canada, announced the purchase of 110 BTC valued at approximately CAD $10.5 million (USD $7.6 million). […]

EU Report Flags Layer 2 Crypto Solutions as Risks

A recent report from the EU Innovation Hub for Internal Security has raised concerns over Bitcoin’s Lightning Network and other layer 2 technologies, labeling them as potential tools for criminal activities due to their data obfuscation capabilities. This First Report on Encryption from the EU body, which coordinates innovation labs across EU member states, identifies […]

Australia Enforces Crypto and Credit Card Gambling Ban

The Australian government has officially enforced a ban on gambling sites accepting crypto and credit cards, a regulation that was announced last year. As of today, the compliance window has closed, and online gambling portals in Australia now face potential fines up to $155,000 for violations. This move is part of a broader effort to […]

Spot Bitcoin ETFs Experience Sudden Outflows

June 10 marked a significant shift in the investment landscape for U.S. spot Bitcoin ETFs, which recorded net outflows of $65 million, ending a 19-day streak of consistent inflows. According to data from Farside Investors, this reversal is notable as the last instance of net outflows occurred nearly a month prior, on May 10, with […]

The Risks of Fandom: Roaring Kitty’s Privacy Breach

Moderators of the GameStop-centric subreddit SuperStonk, endorsed by the meme stock influencer Roaring Kitty (Keith Gill), have recently issued a stern warning to their community. The cautionary message urges members to refrain from doxxing the influencer and his family, highlighting a concerning increase in such activities. The subreddit’s announcement noted an alarming rise in posts […]