Thursday, April 25, 2024
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Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment towards cryptocurrencies.Let’s analyse the latest dynamics in digital asset investment products. Here is our #FundFlows with @jbutterfill. Last week, outflows totalled

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Idealistic Ethereum community-built zkEVM Scroll launching in weeks

After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind. While there are already several zero-knowledge EVMs in existence today, Scroll co-founder Ye Zhang told Cryptox at Token2049 that the project was

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Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

The upcoming $1.9 billion Bitcoin (BTC) monthly options expiry on Aug. 25 is key to defining whether the $26,000 support level will hold. One could pin the recent cryptocurrency market sell-off to the U.S. Securities Exchange Commission decision to delay the spot Bitcoin exchange-traded funds (ETF), but there’s also the

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Crypto Analysts Can’t Agree on Why the Ether (ETH) Price Outperformed Bitcoin’s (BTC) During Last Week’s Market Slide

"For BTC, I think market makers' hedging contributed to the price drop, but for ETH, it was a key factor that prevented the price from falling sharply," Ardern said. "ETH had solid positive gamma near the strike price of around $1,600, and its total gamma is still positive, which means

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Jobs Data to Highlight the Week’s Releases but May Not Stir BTC’s Price

Investors will be looking for continued signs of a cooling employment market and slowing growth, which would suggest inflation is waning and possibly buoy risk-on asset markets, although cryptos have been largely immune from significant macroeconomic events. Hot jobs data, which typically accompanies rising prices, has been a particular concern

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