Category: crypto

Bitcoin ETFs experienced $296.18 million in outflows, ending a four-week streak of inflows totaling over $2.2 billion. BlackRock’s IBIT led the redemptions with $225.5 million withdrawn on the last trading day. Spot Ether ETFs also saw $206.58 million in weekly outflows. The macroeconomic backdrop, including geopolitical instability and inflation concerns, contributed to the withdrawals.

In March, prediction market usage reached record levels, with transactions exceeding 191 million and trading volume around $23.9 billion. Geopolitical and macroeconomic events are driving most activity, while crypto-related markets have a smaller share. Regulatory developments and improved accessibility are supporting the growth of prediction markets.

Walmart-owned OnePay has added over a dozen crypto tokens to its platform in response to customer demand. The platform is expanding its offerings, including tokens like SUI, Polygon, and Arbitrum, with plans to prioritize assets based on demand, liquidity, regulation, and long-term utility. OnePay aims to build a curated set of assets for customers to…

Lido DAO plans to buy back 10,000 stETH tokens worth $20 million to support LDO prices during a market downturn. The proposal aims to address the significant undervaluation of LDO compared to its fundamentals. The buyback will be done in smaller batches with token holder approval. Despite revenue decline, Lido’s performance remains strong.

A report on potential US ground action in Iran increased tension in global markets. The Pentagon is considering options for ground operations in Iran, including Special Operations forces and conventional infantry targeting Kharg Island. Despite preparations, officials emphasize diplomacy. Bitcoin remained stable around $66,500 as traders awaited market reactions.

Onchain commodity trading is gaining popularity as traders seek continuous access to commodities like oil, gold, and indices. Hyperliquid recorded $5.4 billion in perpetual futures volume across various assets, indicating increasing interest in onchain macro trading. While traditional markets still lead in liquidity and execution quality, onchain platforms offer round-the-clock access and the ability to…

Bitfinex margin long positions have reached their highest level since November 2023, with 79,193 BTC accumulated. Adam Back suggests that buyers may be using TWAP strategies to accumulate Bitcoin below $69,000. This steady accumulation trend, estimated at 300 BTC daily, is seen as a longer-term positioning by larger buyers during the current correction phase.

The crypto markets saw activity in derivatives, token sales, regulation, and ETF flows over the weekend. Hyperliquid’s HIP-3 market reached $5.4 billion in futures volume, World Assets sold 239 million WLD for $65 million, US spot Bitcoin ETFs had $296.18 million in weekly outflows, and Washington sued Kalshi.

Peter Van Valkenburgh warned that the crypto industry in the United States may miss out on securing legal protections through the CLARITY Act. Without legislation, developers could face crackdowns based on politics, discretion, and fear. The bill is aimed at providing clear statutory rules for digital assets to prevent future policy changes.

Google is set to support Anthropic’s large data center project in Texas to meet the increasing demand for AI infrastructure. The project, costing over $5 billion, will deliver 500 megawatts by 2026, with plans to expand to 7.7 gigawatts. A federal judge blocked the Pentagon from labeling Anthropic a supply-chain risk during ongoing litigation.