Author: CryptooTimes
U.S. spot Bitcoin ETFs have experienced three consecutive days of net outflows, losing nearly $500 million over this period leading up to Feb. 20. The three day outflows started with $61.4 million on Feb. 18, followed by $71.07 million on Feb. 19. However, on Feb. 20, net outflows surged to $364.93 million, according to data from SoSoValue. This marks the most significant single-day decline in the three days. BlackRock’s IBIT experienced the largest single-day withdrawal, losing $112.05 million. The next biggest outflows were $98.3 million from ARK Invest’s ARKB and $89.24 million from Fidelity’s FBTC. With $33.5 million in outflows,…
SafeMoon chief technology offer Thomas Smith is now pleading guilty to allegations that he took part in a $200 million crypto scheme.
Digital asset marketplace Figure Markets has launched YLDS, the first yield-bearing stablecoin registered as a public security offering with the U.S. Securities and Exchange Commission (SEC), the company said Thursday.The YLDS stablecoin, issued through Figure Certificate Corporation, operates on the Provenance Blockchain and accrues interest daily, paid out every month in either U.S. dollars or YLDS tokens. It is backed by the same securities as prime money market funds and pays holders a return at an annual rate of the Secured Overnight Financing Rate (SOFR) less 50 basis points. The token can be transferred peer-to-peer and exchanged for dollars or…
Canary Capital’s spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation under the ticker LTCC, marking a key step toward its potential launch. The listing, which showed up on DTCC late Thursday Feb. 20, does not guarantee regulatory approval but signals that the necessary infrastructure for trading is being put in place. The DTCC serves as a key clearing and settlement provider for U.S. securities, listing both active ETFs and pre-launch funds awaiting approval. Ultimately, the ETF still requires approval from the U.S. Securities and Exchange Commission before it can begin trading. Canary Capital initially filed…
Legislation that would allow Utah to invest in Bitcoin has been passed by a state Senate subcommittee and has already made it through the House.
The U.S. Securities and Exchange Commission unit tasked with chasing bad guys in the crypto space will be smaller and called something significantly different, the agency said Thursday, further cementing its trend away from an aggressive enforcement stance against the industry.In three years, the same internal group has transitioned from the “Cyber Unit” to the “Crypto Assets and Cyber Unit” and now to the “Cyber and Emerging Technologies Unit,” seemingly taking some focus off its crypto role. In 2022, then-Chairman Gary Gensler’s SEC announced the enforcement squad was almost doubling to 50 people. The latest announcement says it will include…
Michael Saylor, executive chairman and founder of Strategy, has advocated for a maxi-sized Bitcoin reserve in the United States, arguing that it would ensure cyberspace dominance for the next century and strengthen America’s lending power. Speaking at CPAC in Washington D.C., Saylor advised the U.S. government to purchase 20% of Bitcoin’s (BTC) supply for the much-anticipated national strategic reserve. “There’s only room for one nation-state to buy 20% of the Bitcoin network,” Saylor said, adding that he “thinks it should be and will be the United States.” U.S. authorities would have to buy 3.9 million Bitcoin in addition to its…
The Ethereum Foundation is seeking a social media manager to share the most pressing Ethereum ecosystem developments and stories on social media platforms like X.
The European Central Bank (ECB) said it is looking to develop a way of settling distributed-ledger technology (DLT) transactions with fiat currency as it expands its work on the key feature that underpins the blockchain and cryptocurrencies.The bank plans a two-stage approach to using the technology, which is a decentralized database that is maintained and updated independently by individual participants in a large network. Firstly it will develop a system linked to its existing Target settlement system. Target ensures “the free flow of cash, securities and collateral across Europe,” it said.“This is an important contribution to enhancing European financial market…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto experts predict that sub-$0.001 coins with strong ecosystems and real-world utility, like BeerBear, could see significant growth in 2025. The cryptocurrency market is constantly evolving, with investors and analysts looking for the next high-potential project. Low-cap and sub-$0.001 tokens often generate interest due to their accessibility and potential for growth. As 2025 progresses, experts are evaluating the prospects of emerging tokens, particularly those with structured ecosystems, utility-driven mechanics, and transparent growth models. Among these, BeerBear is gaining attention…
