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Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses


U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin...

Fantom Foundation Allocates $120 Million to Accelerate Migration to Sonic


The Fantom Foundation has unveiled a treasury allocation of 200 million FTM, approximately $120 million USD, to expedite the migration of partners to its new Sonic network. This allocation includes native application grants, strategic grants to decentralized applications (dapps), and first-class...

Winklevoss Twins Say They Each Gave $1 Million to Trump Presidential Campaign


Gemini CEO Tyler and his twin brother Cameron Winklevoss, the company's president, have made two of the first major presidential contributions from prominent crypto executives, favoring former President Donald Trump with $1 million each in support, Tyler explained Thursday in a extensive posting...

Justin Sun invests $35 million in Binance


The new development comes at a time when Curve Finance is recovering from a downward market trend. There was a 34% drop in Curve token value, paving the way for the liquidation of 100 million CRV. The new move will stabilize the decentralized finance tycoon, with Justin Sun’s recent...

Binance Fined $2.2M by India’s Financial Intelligence Unit


Binance, the world's largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation's anti-money laundering rules, India's anti-money laundering unit announced Thursday

Whale increases PEPE holdings by $1.75 million despite previous losses


Among the peculiarities of the constantly fluctuating crypto market, there are large investors or ‘whales,’ who possess the ability to shift the market trends. More recently, a large whale was in the news for upping their stake in PEPE, a meme-based, or joke, cryptocurrency by $1.75 million. This...

SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case


The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the...

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