Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
Bitcoin ETFs experienced a $225 million outflow, ending a seven-day streak of inflows due to market jitters from Iran tensions.
Ether ETFs saw inflows of $26 million, coinciding with the end of Bitcoin’s seven-day streak of inflows and a slight market dip.
BitMEX faces a lawsuit concerning 622 Bitcoin liquidations, coinciding with the exchange’s confirmation of its closure in September.
Hyperliquid’s Real World Asset (RWA) trading volume has reached $25.1 billion, exceeding traditional cryptocurrency trading volumes on the platform.
Companies holding Bitcoin on their balance sheets are stopping new purchases, indicating a shift in strategy as selling pressure increases.
Ethereum’s price dipped 1.77% as trading volume and open interest declined. Large liquidations and a falling funding rate suggest a potential bearish trend.
Bitcoin faced rejection at the $67,000 mark. Meanwhile, BitMEX has announced its closure, marking significant events in the crypto space.
The European Union has added Justin Sun’s crypto exchange HTX to its Russia sanctions list, following similar action by the UK.
Bitcoin mining pool Poolin filed for Chapter 11 bankruptcy, listing up to $500M in liabilities and planning to sell Texas mining sites for $52M.
Goldman Sachs supports the CLARITY Act, while Cardano founder Charles Hoskinson agrees with Senator Warren on crypto market restrictions for Trump.