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US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million


U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million reduction. Spot Bitcoin ETFs Lose Ground Spot bitcoin ETFs have recorded...

Crypto losses: $200 million in 2024 due to hacks, rug pulls


Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...

GALA token drops 15% after $200 million security breach at Gala Games


In a significant blow to the blockchain gaming sector, Gala Games has reportedly lost over $200 million in a potential exploit, resulting in a sharp 15% decline in the value of its native token, GALA. Gala Games’ security team disclosed the incident in the early hours of May 20 after detecting...

Tether Invests $200 Million in Blackrock Neurotech, Launches Evo Division


Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives...

Nvidia Partners with Vietnamese IT Firm FPT to Construct $200M AI Factory


The American chipmaker Nvidia and the Vietnamese IT business FPT collaborated to establish a $200 million artificial intelligence (AI) plant in Vietnam. The partnership, which was revealed on April 23, will culminate in the establishment of a cloud computing and artificial intelligence hub in...

Nansen Reports $200 Million Exodus From Kucoin After DOJ Action


Following the Department of Justice’s (DOJ) legal action against Kucoin and its founders, analysts from Nansen specializing in real-time onchain data revealed that Kucoin experienced a withdrawal of $99 million in Ethereum-based assets and $109 million in outflows from various EVM-compatible...

Ethereum Challenger Monad Labs in Talks to Raise $200 Million


The smart contract platform, Monad Labs is in talks to raise over $200 million via a funding round that is likely to be led by venture capital firm Paradigm. A successful funding round will see Monad Labs’ valuation rocket to $3 billion. Monad Labs Building Platform to Challenge Ethereum...

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