The Ethereum (ETH) balance in multiple mainstream centralized exchanges, like Coinbase and Binance, has hit a new low. According to Leon Waidmann on X, over 7 million ETH have been withdrawn since April 2023.  Is It DeFi, NFT, Or EigenLayer Sapping ETH From Exchanges? This decline is net bullish for the coin, possibly hinting that other

Quick Take Net inflows into Bitcoin ETFs are seeing a slight uptick for the seventh straight trading day, emphasizing their growing appeal among investors. BlackRock IBIT is leading the pack, with an additional $137 million net inflow, taking its aggregate to an impressive $3.2 billion, according to BitMEX Research. However, seven of the ten ETFs
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Prosecutors in South Korea have reportedly arrested three top executives of HaruInvest, a crypto deposit platform, for allegedly defrauding customers and embezzling over 1 trillion won in coins, according to Yonhap News. Just a day after a statement promising stricter screening of crypto executives was issued, the Seoul Southern District Prosecutors’ Office’s Joint Investigation Team
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US Treasury Secretary Janet Yellen is scheduled to address Congress today, focusing on the potential risks the crypto industry poses to the financial system. Her prepared remarks, which have been released before her appearance before the House Financial Services Committee, highlight a comprehensive evaluation of financial system risks, with a particular emphasis on the challenges

The U.S. authorities’ planned survey of Bitcoin miners’ electricity usage has drawn steep criticism from the mining community, describing it as the genesis of “Operation Chokepoint 3.0.” Miners criticize the survey. Riot Platforms CEO Jason Les said the survey was “politically motivated, unlawful, and discriminatory” against the miners. According to him, the survey does not
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The non-profit Crypto Open Patent Alliance (COPA) trial to contest Dr. Craig Wright’s claim to be Satoshi Nakamoto began on Feb. 5 in the UK under the gavel of Mr. Justice Mellor. The examination of Dr. Wright begins today, Feb. 6. Statements from COPA on day one shared with CryptoSlate paint a stark portrayal of
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JPMorgan has warned of increased risk for the crypto market resulting from Tether’s “lack of regulatory compliance and transparency.” The global investment bank’s analysts explained that other stablecoin issuers that have been more compliant with existing regulations are likely to benefit from the coming regulatory crackdown on stablecoins and gain market share. JPMorgan Warns About

Crypto-related investment products saw a notable upswing in inflows last week, totaling a substantial $708 million, according to CoinShares’ latest weekly report. This positive shift reverses two consecutive weeks of outflows from the industry, bringing the total Year-to-date flow to an impressive $1.6 billion. Altogether, the global assets under management for these products have risen
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Quick Take January ETF flows demonstrated a new trend in the investment landscape. Although the iShares Core S&P 500 ETF ($11.8 billion) and the Vanguard S&P 500 ETF ($9.9 billion) led the month, two Bitcoin-focused ETFs carved out a notable place on the leaderboard, according to Geraci. Despite having a fraction of the net assets,
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The governor of South Korea’s FSS plans to meet with SEC chair Gary Gensler to discuss the “important” subject of spot Bitcoin ETFs.