24 Sep 2024
Crypto ETFs see mixed flows as Grayscale GBTC outflows hit $40.3 million, ETHE loses $80.6 million
On Sep. 23, Bitcoin ETFs saw mixed flows, totaling $4.5 million. Fidelity’s FBTC ETF led inflows with $24.9 million, followed by BlackRock’s IBIT with $11.5 million. Grayscale’s smaller BTC fund also added $8.4 million. Read more
AI tokens lead weekly gains after Fed’s interest rate cut
Artificial intelligence (AI) tokens are leading the weekly gains in crypto, registering an average return of 37% over the past seven days, according to Artemis’ data. The performance shown by AI tokens is more than double the market’s 15.9% average gain over the period. Read more
Crypto Exchange Kraken Said to Hire Natasha Powell as UK Head of Compliance
Powell will start in her new role at the crypto exchange in November. Read more
Ethereum ETFs Record Biggest Outflows Since July in Sign of Low Institutional Appeal
The outflow come despite a broader crypto market rally fueled by recent Federal Reserve rate cuts, which helped lift ether prices by 11% over the past week. Read more
Bitcoin More Linked With U.S. Fed, Traders Say, as China Lands Stimulus
People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020. Read more
Polymarket Reportedly Seeks $50M in Funding, Mulls Token as Election Bets Surge
Investors in the proposed round would get warrants to buy tokens in the event the prediction market decides to issue one, The Information reported. Read more
AI-Related Cryptos Lead Altcoin Surge; Bitcoin Breakout Nears with Several Catalyst in Q4: Analyst
NEAR, RNDR, TAO and LPT booked double-digit gains as artificial intelligence-focused tokens were the best performers within the CoinDesk 20 Index. Read more
JP Morgan's Onyx Blockchain Used for Siemens' Digital Commercial Paper Settlement
The transaction was a milestone for Onyx and SWIAT, which are collaborating to develop digital asset issuance products on blockchain rails for commercial banks. Read more
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Read more
Philippine agency empowers youth with blockchain and NFT education
The Philippines’ DOST-ASTI introduced blockchain, NFTs, and crypto to youth, with a focus on real-world applications, fostering innovation for the future. Read more
Bitcoin price target rises to $78K after Chinese stimulus package
Bitcoin rallied strongly after the previous two stimulus package announcements by the People's Bank of China. Read more
Celsius token surges 300% a month after $2.5B payment to creditors
The Celsius token skyrocketed 300% a month after the firm paid $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement. Read more
BTC price support at $62K must hold if Bitcoin bears step in — Traders
Bitcoin bulls and bears are lining up an epic tug of war based on order book liquidity — who will gain control of the BTC price trend? Read more
Sam Altman says ChatGPT will bring unimaginable prosperity, fix climate
He also said it’ll solve all physics and usher in an era our grandparents couldn’t have imagined. Read more
ETH, BTC Prices Unfazed by the Massive Outflows From Grayscale’s Ethereum, Bitcoin ETFs
The spot Ethereum ETFs saw the biggest outflows yesterday in almost two months. Read more
This Is Why Bitcoin Surged Above $64K, Can it Go Higher? (Bitfinex)
Following the Fed rate cut, BTC soared above $64,000 for the first time in weeks. However, the surge was not influenced by spot trading, according to Bitfinex analysts. Read more
Bitcoin (BTC) Price Eyes $64K, NEAR Protocol (NEAR) Soars 20% in 2 Days (Market Watch)
STX and ICP are the other notable gainers within the past day. Read more
Analysts Renew Calls for ‘Biggest Altseason’ Eyeing Crypto Market Breakout
The calls for altcoin season are ringing out again on crypto social media as analysts eye a fourth-quarter breakout for Bitcoin and crypto markets. Read more
Crypto Funds Extend Positive Streak With $321M Weekly Inflows
CoinShares believes that the increase in investment was largely influenced by the Fed interest rate cut last week. Read more
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