Tag: Crypto

Bitcoin ETFs Record Over $3.6B in Outflows in the Past 2 Weeks

Within the past two weeks, the United States spot Bitcoin exchange-traded fund (ETF) market has witnessed massive outflows. Investors have consistently withdrawn their funds amid minimal or negative price movements for bitcoin (BTC). According to data from Farside Investors, the spot Bitcoin ETFs have recorded more than $3.6 billion...
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DraftKings settles $10m NFT lawsuit, will send out compensation

DraftKings Inc. has agreed to a $10 million settlement in response to a class-action lawsuit alleging that its sale of non-fungible tokens violated state and federal securities laws.  The lawsuit, initiated in 2023, argued that DraftKings’ NFTs should have been…...
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Deutsche Telekom joins Injective as a validator

Deutsche Telekom, a telecommunications giant valued at more than $180 billion, has strengthened its presence in the crypto and blockchain space by partnering with Injective. On Feb. 27, the layer 1 blockchain Injective (INJ) announced that the German telecommunications company…...
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Utah One Vote Away, But Some States Fail to Break Through on Crypto Stakes

This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line and Texas...
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Crypto Trading Platform BitMEX Is Looking for a Buyer: Sources

BitMEX, the cryptocurrency exchange and derivatives trading platform co-founded in 2014 by Arthur Hayes, is looking for a buyer, according to two people with knowledge of the plans. The storied exchange, which arguably made perpetual futures the most popular product among leverage-hungry crypto traders, appointed boutique investment bank Broadhaven...
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