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BlackRock’s IBIT spot Bitcoin ETF posted $332.6 million in net outflows on Thursday, marking its largest daily outflow since launching a year ago.Terraform Labs co-founder Do Kwon pleaded not guilty in a Manhattan court on Thursday to multiple criminal charges, including fraud and money laundering, following his extradition from Montenegro, Reuters reported.Stuart Hoegner has retired as General Counsel for Tether and Bitfinex, with Michael Hilliard now in sole charge of their legal operations.The following
AI Agent AiXBT achieves a 48% win rate and 19% average return on 416 promoted tokens, showcasing its mixed impact on crypto markets.
Quick Take DEX futures surge to record high as December sees 10.17% of CEX trade volume shift onchain. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Bitcoin and gold are structurally becoming key components of investor portfolios, according to JPMorgan analysts. As a result, the debasement trade, driven by concerns over inflation and fiat currency devaluation, is here to stay, they said.
Quick Take Crypto wallet Phantom clarified it has no plans to launch a token in response to rumors that circulated following the recent launch of social features on the app. Phantom also announced in December it will add support for Sui, adding a fourth supported Layer 1 blockchain to the wallet alongside Bitcoin, Ethereum, and Solana.
- 13:32The price of 1 Bitcoin is almost equivalent to 1 kilogram of goldAccording to Cointelegraph, the current price of 1 Bitcoin is around $102,900, which is almost equivalent to the price of 1 kilogram of gold.
- 13:25Data: ETH, XRP, DOGE fall about 3% after Moody's downgrades US credit ratingMoody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing widening deficits, rising interest expenses, and a lack of political will to control spending. As a result, major cryptocurrency prices fell, with Ethereum (ETH), XRP, and Dogecoin (DOGE) each dropping by about 3%.
- 13:25Important Events and Data Preview for Next Week: U.S. Initial Jobless Claims for the Week Ending May 17 to be Released on ThursdayImportant events and data forecast for next week: Monday: Speech by Federal Reserve Vice Chair Jefferson; Wednesday: Meeting hosted by Federal Reserve's Bostic, keynote speeches by Harker and Daly; Thursday: U.S. initial jobless claims for the week ending May 17; Friday: Keynote speech by New York Fed President Williams at the Monetary Policy Implementation Workshop. (Jin10)