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Bitcoin ETFs Net $255 Million Daily Inflows As Grayscale Sell-off Cools


U.S. Bitcoin ETFs met a tsunami of inflows on Monday as Bitcoin (BTC)’s price came roaring back above $43,000. The asset absorbed $255 million of net flows across all ten publicly traded spot ETFs that launched on January 11. That even factors in the Grayscale Bitcoin Trust (GBTC) – the oldest...

Coinbase to Impose Fees on USDC to USD Conversions Exceeding $75 Million


On January 30 Crypto exchange Coinbase announced a new fee structure affecting large-scale conversions from USDC to USD. The changes, set to impact institutional clients handling significant transaction volumes, mark a shift in the exchange’s fee policy. In an announcement published on...

Portal Raises $34 Million to Develop Decentralized Bitcoin Cross-Chain Swaps


Fintech provider Portal has raised $34 million in seed funding to develop its Bitcoin-based decentralized exchange (DEX) which will aid cross-chain swaps between multiple networks. In a Jan 30 announcement, the company disclosed an exit from stealth mode and an inflow of $34 million to build...

GBTC Holdings Dip Below 500K BTC as Rivals Ramp up Accumulation


The latest data from Grayscale’s GBTC reveals that the trust’s bitcoin holdings have diminished to below 500,000, following a departure of 6,138.79 bitcoin from its reserves in the past day. Conversely, Blackrock’s IBIT has bolstered its bitcoin assets by 4,603.24 bitcoin...

Monthly NFT Sales on Bitcoin Fall 62% + More NFT News


There has been a lot of greenery on the non-fungible token (NFT) charts over the past 24 hours. The total sales volume is up 12.5% to $34,820,790, per CryptoSlam. Buyers, sellers, and transactions are all up 3%-8%. The top collection by sales volume today is LockDealNFT, with $2.7 million. It’s...

dYdX Community Likely to Approve Foundation’s $30 Million Funding Proposal


The dYdX tokenholders are voting on the $30 million fundraising request proposed by the dYdX Foundation, which is likely to get approved. The Foundation published a blog on Jan. 25 detailing its fundraising proposal. This proposal, if approved, will grant the Foundation $30 million in DYDX tokens...

Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline


Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...

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