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Bitcoin spot ETFs experienced a record-breaking single-day net outflow of $680 million on Thursday, marking the highest outflow in history, according to data from Sosovalue. The ETF outflows were triggered by a more hawkish stance from Federal Reserve Chair Jerome Powell, ending a 15-day streak of net inflows, this highlights a shift in market sentiment….

According to Bloomberg, Copper Technologies, a leading cryptocurrency custody provider supported by Barclays investment, has withdrawn its application for a crypto license in the United Kingdom. Copper Withdraws UK Crypto License Application Amid Challenges The decision follows increased scrutiny from the UK’s Financial Conduct Authority (FCA), which has rejected or refused most crypto applications over…

Since our previous Video blog about SUI, the coin rallied more than 900%. Therefore, we’ll be looking at the daily Elliott Wave Structure and explain the current structure within the cycle. The recent daily rally started in August 2024, SUI established an impulsive 5 waves structure to the upside within wave ((3)). In addition, it reached…

Japanese investment firm Metaplanet Inc. has raised 9.5 billion yen ($60.6 million) through two tranches of bond issuance aimed at accelerating its Bitcoin purchases. The Tokyo-listed company announced it issued a 5 billion yen ($31.9 million) bond on Friday, following a 4.5 billion yen ($28.7 million) bond issuance earlier in the week. Both bonds are…

Mo Shaikh, co-founder of Aptos Labs, which supports its layer 1 blockchain, announced that he is stepping down as CEO. However, he chose to stay on as a strategic advisor to the company board. In a lengthy post on X, Shaikh said that he is leaving the company “to start a new chapter.” “Over the…

The SEC on Thursday finally approved the first spot ETFs that combine Bitcoin and Ethereum, after months of extended reviews. On Dec. 19, the agency approved Hashdex’s Nasdaq Crypto Index US ETF, allowing it to trade on the Nasdaq stock market. At the same time, it authorized Franklin Templeton’s Franklin Crypto Index ETF for listing…

Hackers allegedly breached the X account of Vivek Ramaswamy, co-lead of the newly formed Department of Government Efficiency (DOGE), to spread false information about the department’s collaboration with stablecoin project USUAL. The Usual stablecoin protocol, launched just four months ago, reached a $1b market cap on Wednesday, and has now become the seventh-largest stablecoin. Its…

The beleaguered New Zealand-based crypto exchange Cryptopia has started returning millions in crypto to account holders, years after its collapse. Cryptopia filed for liquidation after millions of dollars of tokens were stolen from the platform in a 2019 cyber-attack. Around $15.5 million was stolen from the platform at the time. However, while the liquidations were…

The crypto market faced a major shake-up as over $1 billion in leveraged positions were liquidated within 24 hours on December 19. According to data from CoinGlass, the bulk of these liquidations, roughly $856.66 million, were from long positions, signaling that bullish traders were caught off guard by the sudden price dip. Bitcoin, which had…

Short Term Elliott Wave view in EURUSD suggests the decline from 9.25.2024 high is in progress as an impulse. Down from 9.25.2024 high, wave 1 ended at 1.076 and wave 2 rally ended at 1.0936. Pair then resumed lower in wave 3 towards 1.033. Corrective rally in wave ended at 1.063 as the 1 hour…