Author: CryptooTimes

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21.Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the biggest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue.US-based spot Bitcoin ETF net flows get back on track. Source: SoSoValueFive funds contributed to the inflows, with the bulk coming from BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $537.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $136.5 million.The renewed inflows come after a bearish period for…

Crypto market maker and investor DWF Labs said it established a $250 million fund for investment in mid and large-cap cryptocurrency projects.Investment sizes will range from $10 million to $50 million per project, providing capital and ecosystem support, DWF Labs said in a Monday email.The firm emerged as a prolific crypto industry investor in 2023, with much of its investments involving buying several million dollars’ worth of a project’s native token. The approach, which differs from the traditional venture capital model of investing in return for equity, drew some criticism from commentators. DWF Labs’ position as a market maker meant…

Tornado cash has been ported to the newly launched MegaETH public testnet following the removal of sanctions against the protocol. The crypto privacy protocol Tornado Cash was ported to MegaETH testnet, as originally reported by The Block. Developer Gunboats named this new adaptation ETHTornado and said it was easy to port without changing the code. “I thought, maybe someone should try to deploy [Tornado Cash] on the hottest thing right now…there is no change in code needed and that’s really a good thing,” said developer Gunboats. Gunboats decided to port the protocol after the U.S. Treasury removed sanctions from Tornado…

Learn-to-earn platform Dohrnii Labs has filed a police report in the United Arab Emirates, accusing local crypto exchange Blynex of liquidating its tokens without authorization and failing to deliver a promised loan. According to a statement shared with Cointelegraph, Dohrnii Labs deposited 12,649.99 Dohrnii (DHN) tokens — valued at more than $500,000 — with Blynex. On March 23, the company said it used 8,650 of those tokens as collateral for a 30-day loan in exchange for 80,000 Tether’s USDt (USDT).Dohrnii claims the exchange never delivered the USDT. Furthermore, the team said Blynex liquidated its entire 8,650 DHN position on Uniswap, receiving…

Bitcoin (BTC) topped $87,000 early Monday with solana (SOL), xrp (XRP) and dogecoin (DOGE) adding more than 4% to start the week in the green as traders eyed the release of further U.S. economic data for cues on further positioning.Bitcoin mostly hovered around $85,000 over the weekend, restrained by concern over inflation and the broader U.S. economy. SOL led gains among major cryptocurrencies with a 5% bump in the past 24 hours, while tron’s TRX led losses, dropping 4% to further pare gains after a memecoin-led price bump last week.A risk-off mood persists, but is weakened amid reports suggesting that…

Changpeng Zhao conducted a 24.7 leveraged long trade on Mubarak to test for MEV issues, triggering a surge in the token’s price. On Mar. 23, Binance founder and former CEO opened a 24.7x leveraged long position on Mubarak (MUBARAK) with 0.04 BNB as collateral on APX Finance. The transaction was reported on X by on-chain analyst ai_9684xtpa, to which CZ replied “Doing a little on-chain testing on Sunday, as usual. Nothing to be excited about.” Despite CZ’s downplaying, ai_9684xtpa reported that in the 7 minutes since opening the position, APX (APX) surged by 26%, from $0.64 to $0.081, while MUBARAK…

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World Liberty Financial (WLFI), a DeFi project backed by President Donald Trump’s family, has acquired substantial amounts of Mantle’s MNT token following last week’s major technological upgrade of the network.WLFI purchased about 3.54 million MNT for nearly $3 million USDC for an average purchase price of 84 cents, according to data sources Lookonchain and Arkham Intelligence.The recent purchase has increased WLFI’s coin holdings, which include tokens like ETH, WBTC, TRX, LINK, AAVE, ENA, and others, to over $340 million. However, the Trump family-backed outlet still faced a paper loss of $111 million as of writing.MNT is the native cryptocurrency of…

Metaplanet has added 150 BTC to its treasury at an average price of ¥12.57 million ($80,000) per BTC, totaling ¥1.886 billion ($12.1 million).  According to Metaplanet’s Mar. 24 official statement, this brings its total Bitcoin (BTC) holdings to 3,350 BTC, purchased at an overall cost of ¥42.22 billion ($270 million), averaging ¥12.60 million ($80,200) per BTC. Since formally embracing Bitcoin as a key part of its business, Metaplanet has quickly grown its holdings to become the biggest corporate Bitcoin holder in Asia.  The company has used stock acquisition rights through EVO FUND and zero-coupon bonds to finance its acquisitions. In…

The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list.In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging the protocol helped launder crypto stolen by North Korean hacking crew the Lazarus Group, leading to a number of Tornado Cash users filing a lawsuit against the regulator. After a court ruling in favor of Tornado Cash, the US Treasury dropped the mixer from its sanctions list on March 21, along with several dozen Tornado-affiliated…