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Fidelity Bitcoin ETF Records First Daily Net Outflows Since January Listing


The Fidelity Wise Origin Bitcoin (FBTC), a key player in the spot Bitcoin exchange-traded fund market, experienced a noteworthy outflow of nearly $23 million, marking a significant event in the cryptocurrency market. The post Fidelity Bitcoin ETF Records First Daily Net Outflows Since January...

Cboe to Wind Down Spot Crypto Trading Platform to Consolidate Services


Exchange operator Cboe announced plans on Thursday to wind down its spot crypto trading platform in the third quarter. Cash-settled Bitcoin and Ether futures contracts will transition to the Cboe Futures Exchange in the first half of 2025, pending approval. The post Cboe to Wind Down Spot Crypto...

SEC Initiates Consultations on Rule Change for Bitcoin Trading Options


The SEC has initiated a new phase of discussions regarding a proposed rule alteration for the trading of options on Bitcoin exchange-traded funds (ETFs) while also inviting public input on the matter. The post SEC Initiates Consultations on Rule Change for Bitcoin Trading Options appeared first...

Consensys Files Lawsuit Against the SEC Over Ethereum Regulation


Ethereum developer firm Consensys managed by Joe Lubin has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over its “overzealous regulation” around the Ethereum blockchain. The post Consensys Files Lawsuit Against the SEC Over Ethereum Regulation appeared first...

Investor settlement releases FTX co-founder Sam Bankman’s Civil Liability


This new development in the series of lawsuits emerging from the FTX debacle involves a group of investors and customers deciding to withdraw their claims against Sam Bankman-Fried, one of the founders of the crypto exchange. The group reached this decision per a signed agreement allowing...

Binance to phase down BNB Beacon Chain (BEP2) deposits


The BNB Chain members have communicated that Binance will terminate all operations on the BNB Beacon Chain (BEP2) by June 2024. In line with this decision, Binance has set a deadline for all BEP2 token deposits, excluding Binance-pegged tokens (B-tokens), which must be completed by May 15, 2024,...

Spot Bitcoin exchange traded funds rake in $31.64M


In the US, spot Bitcoin traded funds experienced three continuous days of net inflows, raking $31.64 million. This is as per SosoValue data. This fortunate increase in Bitcoin funds came five days after the outflow, which paved the way for Bitccoin’s activity.  According to the observations made...

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