Bitcoin spot exchange-traded funds (ETFs) have experienced their first net outflows in nearly a month. According to Farside Investors, a total of 11 U.S. spot Bitcoin ETFs collectively witnessed a net outflow of $64.9 million, which comes after a remarkable streak of 19 consecutive days of net inflows. Among the Bitcoin spot ETFs, the Grayscale...
US-based ETF provider Global X has listed the Global X Bitcoin ETP and the Global X Ethereum ETP on the London Stock Exchange. The move comes after the UK regulator, the Financial Conduct Authority (FCA) approved the first crypto ETPS from issuers WisdomTree and 21Shares last month. The crypto products are restricted to professional investors...
Bitcoin (BTC), the world’s leading cryptocurrency, continued its downward trajectory, trading around the $67,925 level and hitting an intraday low of $67,786. This recent decline of 2.5% has sparked concerns about a potential bigger sell-off. The drop can be linked to the robust May employment report from the US, which showed 272,000 jobs added, dampening...
During the late US session, Bitcoin (BTC/USD) is trading near $67,250 as the market braces for a series of major economic events from the Unites States economy. At 12:30, the U.S. will release its Core Consumer Price Index (CPI) month-on-month data, expected to remain steady at 0.3%. Simultaneously, the overall CPI is anticipated to show...
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a...
Bitcoin futures have witnessed a surge in net short interest, primarily attributed to the growing popularity of a market-neutral strategy known as the basis trade. Basis trade, which aims to capitalize on discrepancies between spot and futures markets, likely accounts for a significant portion of the short interest in approximately 18,000 CME Bitcoin futures contracts....
Toronto-based digital asset company DeFi Technologies is set to launch a validator node on Core Chain and stake nearly $100 million in Bitcoin (BTC). Through its subsidiary Valour, DeFi Technologies will not only validate transactions but also receive staking rewards for its participation, the firm said in a Tuesday press release. The staking process will...
Dycom Industries, Inc. (DY) announced Monday that Chief Executive Officer Steven Nielsen will retire on November 30, 2024 after 25 years of service. The company has named Executive Vice President and Chief Operating Officer Daniel Peyovich to succeed Nielsen upon his retirement. Nielsen remains CEO and Chair of the Board until his retirement, at which...
The euro area hourly labor cost growth accelerated more than expected in the first quarter, which aligns with trends revealed by other indicators and the European Central Bank\'s view that wage pressures are set to remain elevated for some time before entering a downward trajectory next year. Hourly labor cost grew at a faster pace...
Brazil-based Itaú Unibanco, one of the largest private banks in Latin America, has announced expanding its Bitcoin and Ether trading services to all customers. The bank with over 60 million customers, started offering to buy and sell cryptos through its investment platform – ‘Ion’ – in December 2023. Initially, the bank offered the services to...