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Stay up to date on the latest crypto trends with our expert, in-depth coverage.

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  • 08:29
    BlackRock Bitcoin ETF sees five consecutive weeks of outflows, totaling over $2.7 billion
    Jinse Finance reported that BlackRock's iShares Bitcoin Trust (IBIT) has experienced its longest weekly outflow since its launch in January 2024. In the five weeks ending November 28, investors withdrew over 2.7 billion USD from the ETF. As of Thursday, the ETF saw another 113 million USD in redemptions, putting it on track for a sixth consecutive week of net outflows. IBIT currently manages assets exceeding 71 billion USD. Blockchain analytics firm Glassnode stated that this trend marks a significant reversal of the sustained inflow mechanism that previously supported prices, reflecting a cooling of new capital allocation to the asset. Currently, Bitcoin is trading at around 92,000 USD, down 27% from its October peak.
  • 08:29
    US DTCC survey: 72% of respondents cite global demand and regulatory momentum as the primary drivers for extending trading hours
    Jinse Finance reported, citing market sources: According to a survey by the Depository Trust & Clearing Corporation (DTCC), 72% of respondents identified global demand and regulatory momentum as the primary drivers for extending trading hours, while the 24/7 trading nature of the cryptocurrency market has influenced this demand.
  • 08:20
    Crypto artist Beeple launches celebrity robot dogs featuring Elon Musk, sold out at $100,000 each
    ChainCatcher reported that American digital visual artist Mike Winkelmann (Beeple) showcased his animal series works—flesh-colored robotic dogs—at the Art Basel Miami Beach exhibition. These robotic dogs wear silicone masks on their heads, representing celebrities including Musk, Zuckerberg, and others, attracting the attention of numerous art enthusiasts and media. Reportedly, these robotic devices continuously take photos and record the images on the blockchain. The artist hopes to reinterpret the world from the perspective of celebrities through this approach. According to reports, there are a total of 7 celebrity-themed robotic dogs in this series, each sold to private collectors for $100,000. In an interview, Beeple stated that although the appearance of these robotic dogs may seem somewhat strange and bizarre, his original intention was not to offend these celebrities. Beeple has long been renowned in the art world. In 2021, the world-famous auction house Christie's held its first auction of a purely digital artwork in the form of an NFT—Beeple's "Everydays: The First 5000 Days." The piece ultimately sold for $69.346 million (approximately 500 millions RMB), a staggering price that not only broke the record for the highest auction price of an NFT work but also sent shockwaves through the entire art market.
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