Bitcoin Spot ETF Outflows Begin After 7 Days of Gains, Led by ARKB
TL;DR US spot Bitcoin ETFs saw $79 million in outflows after seven days of net inflows. ARKB was the main driver of outflows, while BlackRock’s IBIT held inflows…
blockchain
Ethereum Approaches $3,000 with New High and Growing Investor Interest
TL;DR Ethereum (ETH) reached a new high of $2,735 before dropping to $2,665, reflecting a 1.25% increase in the last 24 hours. Open interest…
Bitcoin Holders Reach All-Time High as Institutional Adoption Soars
TL;DR Bitcoin investors are increasingly willing to hold their assets, according to data from Glassnode. Bitcoin reserves on centralized exchanges have decreased significantly since…
Vitalik Buterin: Crypto’s ‘Baptisms of Fire’ Will Drive Future Growth
TL;DR Vitalik Buterin highlights the importance of crises in the crypto industry for its growth. The collapse of FTX and other investment funds exposed…
Indian National Sentenced to 5 Years for $20 Million Cryptocurrency Fraud
TL;DR An Indian citizen has been sentenced to five years in prison for crypto fraud using fake websites imitating Coinbase. The fraud allowed him…
Magnetic X Defends Against DDoS Attack on XRP Ledger
TL;DR Magnetic X successfully repelled a DDoS attack. The platform has strengthened its security without giving in to the attackers’ demands. The exchange remains…
Radiant Capital Hacked, Exposing Security Flaws and Causing a $50 Million Loss
TL;DR Radiant Capital suffered an attack resulting in the loss of over $50 million due to flaws in its multisig configuration. The vulnerability allowed…
XRP Ledger to Implement Major Decentralized ID Upgrade on October 30
TL;DR The XRP Ledger (XRPL) will be updated with the Decentralized Identifiers (DID) amendment on October 30. The amendment aligns DID operations on XRPL…
Ether Faces Seven-Month Decline Amid Intensified Layer-1 Competition
TL;DR The price of Ether has fallen by 36% over the past seven months due to competition between layer 1 (L1) blockchains. Solana stands…
Historic Record in Bitcoin Futures Open Interest on the CME
TL;DR Open interest in Bitcoin futures on the CME reached an all-time high of 172,430 BTC, equivalent to $11.6 billion, with an increase of…
Tesla Makes First Bitcoin Moves in Two Years
TL;DR Tesla made its first Bitcoin transaction in two years, moving $225 million worth of BTC. The company transferred a total of $760 million…