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Bitcoin ETF outflows have increased, while ether and XRP funds are experiencing inflows, signaling a shift in investor sentiment amid current market volatility. This trend suggests a divergence in how investors are reallocating their positions among major cryptocurrencies.
Source · CoinDesk
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Jump inThe operator of the Incognito Market, a dark web drug marketplace, has been sentenced to 30 years in prison for extorting vendors by threatening to reveal their transaction histories and cryptocurrency addresses. This case highlights the ongoing legal repercussions associated with illegal activities in the crypto space.
A Doberman pinscher named Penny won Best in Show at the 150th Westminster Kennel Club Dog Show. This award is considered the most prestigious among U.S. show dogs.
Leveraged anti-strategy ETFs are seeing significant growth as the value of bitcoin holdings declines. This trend indicates increasing investor interest in products designed to profit from falling bitcoin prices.
Aave is discontinuing its Avara project and shutting down the Family wallet as part of a strategy to refocus on decentralized finance (DeFi) offerings. Future products will be centralized under Aave Labs, while Family wallet accounts will remain essential infrastructure.
The brothers of Renee Good, who was killed by federal immigration officers in Minneapolis, are urging Congress to address the violence associated with immigration enforcement. They are calling for legislative action to prevent similar incidents in the future.
Ether and major cryptocurrencies saw an uptick as Bitcoin rebounded to $76,000, though analysts advise caution regarding the sustainability of this bounce. Concurrently, crypto investment products experienced $1.7 billion in weekly outflows, indicating a defensive stance among investors.
Crypto.com has launched a standalone prediction market app called 'OG,' separating it from its main services to capitalize on growth. This move enters a competitive market that has seen significant interest and expansion in recent years.
Rui-Siang Lin, the founder of the Incognito Market, has been sentenced to 30 years in prison for operating a darknet drug marketplace that generated $105 million using cryptocurrency. U.S. prosecutors identified him through domain records and digital traces linking him to the illicit platform.
Polymarket and Kalshi are competing in the prediction market space, both experiencing high trading volumes exceeding $400 million daily. The rivalry highlights the growing popularity of prediction markets, with recent promotions such as grocery giveaways intensifying the competition.
Michael Burry has raised concerns about a potential "death spiral" in the crypto market, following significant liquidations in tokenized silver futures that surpassed those of bitcoin and ether. This event marks one of the largest losses in the crypto space, indicating a shift in market dynamics.
Nevada is taking steps to prevent Coinbase from operating prediction markets without obtaining a state gaming license. This action follows Coinbase's legal challenges against three other states regarding the jurisdiction of prediction markets.