Spot Ethereum ETFs record longest outflow streak amid drying investments

Chinese demand for DeFi is surging, with local exchanges reportedly struggling under the weight of withdrawals destined for yield farming protocols. 1928 Total views 2 Total shares Despite the recent sell-off quickly wiping $2 billion from the total value locked in the decentralized finance (DeFi) sector, Chinese demand for DeFi appears to be growing.Daily searches…

That may not necessarily be a good thing for the struggling state. The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president recently announcing measures to lift the nation’s current ban. According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans to introduce “the most optimal…

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Fidelity Investments’ cryptocurrency branch Fidelity Digital Assets is expanding to the United Kingdom.“We plan to provide our services to European institutional investors through our U.K.-registered entity, Fidelity Digital Assets, Ltd,” a Fidelity Digital Assets representative told Cointelegraph on Dec. 17, saying:“We recognize that the regulatory requirements for service providers in the digital assets space is…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.A new study by digital asset management fund Grayscale Investments shows…

Bitcoin (BTC) bulls will no doubt keenly watch talk of the need for “a new, neutral global reserve asset” at the heart of the traditional financial sphere. Financial Times business columnist and associate editor Rana Foroohar published an opinion piece on Nov. 25, pointing to the renewed, half-justified “paranoia” of the “gold bugs,” which has only…

A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as Bitcoin (BTC) continues to hold support near $41,000 while some analysts warn that high inflation and rising interest rates could see the top cryptocurrency fall to $30,000. On the altcoin…

Diverse investors including Solana Ventures, Alameda Research and NBA legends Michael Jordan and Allen Iverson participated in the round. 263 Total views 3 Total shares Nonfungible token (NFT) marketplace Metaplex has concluded a $46 million investment round to support its strategic pivot into metaverse applications — offering further evidence that existing blockchain networks were looking…