Day: April 9, 2025

Bitcoin ETFs lose $326M amid ‘evolving’ dynamic with TradFi markets

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The evolving relationship between Bitcoin and traditional financial markets is under renewed pressure as global investors flee risk assets amid intensifying US trade tensions. US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded their fourth consecutive day of outflows on April 8, with more than $326 million in net redemptions across products, according to data from Farside Investors. BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw the largest sell-off of over $252 million, its biggest daily outflow since Feb. 26. Bitcoin ETF flows, US dollars, millions. Source: Farside Investors The selling pressure…

Trump tariffs reignite idea that Bitcoin could outlast US dollar

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The lingering fears triggered by US President Donald Trump’s sweeping global tariffs have analysts increasingly convinced that Bitcoin is now more likely than ever to challenge the US dollar in the years ahead. “Higher chance Bitcoin survives over the dollar in our lifetime after today,” Bitwise Invest head of alpha strategies Jeff Parks said in an April 9 X post. Investors will be left with no other option but Bitcoin, says crypto exec “First time the thought hit me and didn’t feel like theory but an actual truth to grapple…

Ethereum whale sells ETH after 900 days, missing $27M possible peak profit

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An Ether whale who had held 10,000 Ether for the last 900 days has sold their entire stash and missed out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000.  The whale initially bought a total of 10,000 Ether (ETH) across two transactions in October and November 2022 for $13 million at the time for an average price of $1,295 per token, blockchain analytics service Lookonchain said in an April 8 X post. “He didn’t sell when Ether broke through $4,000. But today, he exited…

Ethereum has outperformed Bitcoin just 15% of the time since its launch

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Ethereum has only outperformed Bitcoin for 15% of all trading days since its launch almost a decade ago, according to analysts. Since Ether (ETH) began trading in mid-2015, it has underperformed against Bitcoin (BTC) 85% of the time, analyst James Check said in an April 8 X post. Data shared by Check shows that Ether significantly outperformed Bitcoin in its early years from mid-2015 to around mid-2017, and it had two short periods in late 2019 and early 2020 when the ETH to BTC ratio was in Ether’s favor. However,…

EU markets regulator says crypto may cause ‘broader stability issues’ as market grows

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The European Securities and Markets Authority (ESMA) has warned that crypto will increasingly threaten traditional financial markets’ stability as the industry grows and becomes more entwined with traditional finance players. “We cannot rule out that future sharp drops in crypto prices could have knock-on effects on our financial system,” ESMA’s executive director Natasha Cazenave said in an April 8 statement to the Economic and Monetary Affairs Committee. Cazenave noted, however, that crypto currently only accounts for 1% of global financial assets and is not yet significant enough to cause major…

Dogecoin (DOGE) at Risk of More Losses as Market Volatility Spikes

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Teucrium XRP ETF sees $5M volume, outpaces leveraged Solana ETF

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Key Takeaways The new leveraged XRP ETF by Teucrium, symbol XXRP, achieved $5M volume on debut. The ETF offers 200% daily exposure to XRP’s price and is intended for short-term trading. Share this article The first US leveraged XRP ETF, Teucrium’s 2x Long Daily XRP ETF, was off to a strong start with around $5 million in day-one trading volume — a figure that places it in the top 5% of all new ETF launches, according to Bloomberg ETF analyst Eric Balchunas. The fund, trading under the ticker XXRP, drew…

XRP Price Warning Signs Flash—Fresh Selloff May Be Around the Corner

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

AI agent platform Virtuals revenue plunges to $500 a day with token down 90%

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The artificial intelligence agent creation and monetization platform Virtuals Protocol has seen its daily revenue plummet to just $500 as demand for crypto AI agents continues to wane. “Probably one of the wildest crypto charts of the cycle,” Blockworks researcher Sharples said in an April 8 X post. Steep decline in AI agent creation Sharples said that it has “been about a week” since a new AI agent launched on Virtuals compared to late November when the platform was helping make over 1,000 new AI agents a day, according to…

SUN (SUN) lists on Kraken with a $90,000 Reef Program airdrop, unlocking broader access to the TRON’s ecosystem

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Share this article Singapore, April 8, 2025 —  Kraken, one of the world’s leading cryptocurrency exchanges, has officially listed SUN (SUN), a core governance token of SUN.io. The SUN.io platform integrates such functions as token swaps, liquidity mining, stablecoin swaps and decentralized autonomous organization (DAO) on the TRON public chain, focusing on building TRON’s DeFi ecosystem with decentralized exchanges (DEX) at its core. The new listing introduces two major trading pairs, SUN/USD and SUN/EUR, making SUN available to a wider market. In conjunction with this listing, an airdrop Reef Program…