Author: driver789
Spot Bitcoin exchange-traded funds have recorded their strongest weekly inflows in several months. Summary Bitcoin ETFs recorded nearly $1 billion inflows, marking strongest weekly performance since mid-January period. Ethereum and XRP ETFs followed with steady inflows, reflecting renewed investor interest across crypto markets. Rising ETF demand coincides with improved sentiment but ongoing geopolitical uncertainty still affects market stability. Data shows that nearly $1 billion entered these funds over the past week, marking the best performance since mid-January. April 17 stood out as the most active day, with over $663 million in net inflows. Among the leading products, BlackRock’s IBIT attracted…
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG).The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition. Built for 24/7 heavy industrial operations, aluminum smelters come with pre-existing substations, transmission lines and high-capacity grid connections. That makes…
Aave just watched $6.6 billion walk out the door, and it’s not because anyone hacked Aave.The protocol’s total value locked dropped from $26.4 billion on April 18 to nearly $20 billion in U.S. morning hours on Sunday, per DefiLlama. The AAVE token fell 16% to $92, and daily fees spiked to $1.99 million as liquidations ripped through the weekend.Depositors are running because Aave is carrying a hole it did not create. When attackers drained 116,500 rsETH from Kelp’s bridge on Saturday, they dumped the stolen tokens on Aave V3 as collateral and borrowed wrapped ether against them.On-chain trackers put the…
The price of Ethereum has somewhat slowed down over the weekend after a breakdown of negotiations between the United States and Iran. However, the latest on-chain data suggests that this moment of uncertainty has barely impacted the market structure of the second-largest cryptocurrency by market cap. According to a prominent analyst, the Ethereum price seems to be at a turning point, which could usher in a fresh bullish cycle. ETH May Be Near A Major Uptrend In a Quicktake post on the CryptoQuant platform, CryptoOnchain revealed that significant amounts of the Ether tokens have been flowing out of Binance, the…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.Bitcoin (BTC) sought to protect $75,000 into Sunday’s weekly close as crypto surfed fresh uncertainty over the US-Iran war.Key points:Bitcoin price action sinks from ten-week highs amid fears that the US-Iran war has returned in full force.Iran closes the Strait of Hormuz, bringing back the risk of an oil-price surge.BTC price action faces ongoing resistance at a 21-week trend line into the weekly close.Bitcoin abandons highs as US-Iran war fears returnData from TradingView showed BTC price pressure…
Bitcoin (BTC) has moved lower after failing to hold above its recent peak of $78,400. The asset slipped toward $75,000 following increased market pressure linked to geopolitical tensions in the Middle East. Summary Bitcoin rejected near $78,400 and fell toward $75,000 after geopolitical tension reports. Altcoins including Ethereum, XRP, and BNB followed Bitcoin with broad market declines. PI token, AAVE, and WLD recorded notable losses during overall crypto market correction. Price action shows Bitcoin had earlier climbed from below $70,500 to a 10-week high. The move followed brief optimism around reported diplomatic progress between the United States and Iran. Market…
For years, NEO’s treasury was held in a setup that would be unusual for most financial institutions: hundreds of millions of dollars in crypto assets were controlled through personal wallets, with no multisig protections and little formal oversight.That person, according to co-founder Da Hongfei, is Erik Zhang, NEO’s other co-founder and the architect of its core protocol.”Around 85% is controlled by Eric alone with single signature,” Da said in an interview. “It had never been transferred to any individual or any multi-sig.” The native NEO and GAS tokens Zhang holds are currently worth between $200 million and $250 million, Da…
A recent on-chain analysis suggests that Bitcoin is once again showing divergence across its investor cohorts, specifically between institutional players and retail investors. According to this analysis, the Bitcoin price may have more room for growth than we have seen so far in this cycle. Bitcoin ETF Flows Align With Coinbase Premium Index Readings In a recent Quicktake post on the CryptoQuant platform, crypto research and education firm XWIN Research Japan delves into the dynamics of the Bitcoin market noting that a crucial structural shift is emerging. The relevant indicators in this analysis are the Total Bitcoin Spot ETF Net…
RaveDAO has denied any role in the recent surge and sharp collapse of its RAVE token, as major crypto exchanges open probes into trading activity following allegations of market manipulation.In a thread posted on X, the project said it was “not engaged in, nor responsible for, recent price action,” responding to mounting scrutiny after RAVE soared from roughly $0.25 to nearly $28 within days before plunging more than 80%.The denial comes as onchain investigator ZachXBT accused the project of orchestrating a pump-and-dump scheme, pointing to concentrated token holdings and suspicious exchange flows. He claimed that more than 90% of the…