Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.
Markets
Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market
SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer.
Early Buyers of Andrew Tate’s DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value
There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.
First Mover Americas: Bitcoin Holds $67K, CRV Slides
The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash
MicroStrategy Executive Chairman Michael Saylor (CoinDesk)
Paxos Cuts 20% of Staff: Reports
Bloomberg report says the company will have an increased focus on tokenization.
DeFi Giant Curve Roiled as Founder’s Loans Get Liquidated; CRV Slides 30%
Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.
Stick With Bitcoin, 10x Research Says After Fed Predicts Just One Rate Cut For 2024
ETF inflows resumed Wednesday as U.S. inflation came in lower-than-expected.
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.
First Mover Americas: Bitcoin Stabilizes Amid Further ETF Outflows
The latest price moves in bitcoin (BTC) and crypto markets in context for June 12. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.