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US spot bitcoin ETFs see $20 million net outflows while most funds record zero flows
US spot bitcoin ETFs see $20 million net outflows while most funds record zero flows

Spot bitcoin ETFs in the U.S. saw $20.45 million in net outflows yesterday.Nine funds, including BlackRock’s IBIT, had zero flows.

The Block·2024/07/04 05:43
Lightspeed Newsletter: A conversation with Solana’s first VC
Lightspeed Newsletter: A conversation with Solana’s first VC

Plus, Helium’s plans to expand beyond its decentralized wireless mission

Blockworks·2024/07/03 22:37
Toncoin outshines top 50 tokens with over 40% rise in Q2 2024
Toncoin outshines top 50 tokens with over 40% rise in Q2 2024

Share link:In this post: Crypto projects struggled during the last quarter, with multiple layer1 and layer2 tokens losing over 50% of their value. Toncoin was an outlier as its value rose over 40%, making it the best-performing asset during the period. Solana was the worst performer among the top five digital assets by market capitalization.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page

Cryptopolitan·2024/07/03 22:34
Flash
  • 09:55
    The market share of Bitcoin reached a nearly four-year high today, previously followed by a general rise in other cryptocurrencies
    According to TradingView data, the Bitcoin market share (BTC.D) reached 62.29% today, currently reported at 62.22%, setting a nearly four-year high since March 2021. Since returning to over 60% on February 2nd, it has maintained above this level for most of the time in more than a month, and the market seems to have hit rock bottom. According to previous historical data, when Bitcoin's market share surged to over 60% in November last year, altcoins started a mini bull run. In both 2019 and 2021, Bitcoin's market share had once stood above the peak of 70%, followed by a broad bullish trend.
  • 09:40
    Zhu Su: CeDeFi is the biggest bearish factor for Ethereum, turning a large amount of open-source code into closed-source code running on a single server
    Zhu Su, the co-founder of Three Arrows Capital, stated that the rise of CeDeFi is the biggest bearish factor for Ethereum because it means a large amount of business logic, which was originally expected to run as open-source smart contracts on distributed networks, has actually become closed-source code running on single servers. Zhu Su believes that Ethereum needs to embrace use cases that benefit from global distributed computing and anti-censorship features, including some cypherpunk-style applications (such as privacy protection) and low-hanging fruits yet to be developed. He pointed out that if Ethereum itself performs poorly, decentralized finance will struggle to rise again. This is because in a world where validator decentralization and demand for smart contracts are low, people can choose off-chain operations to save time and money.
  • 09:38
    The flagship fund of Brevan Howard, a US hedge fund giant, has already lost over 5% this year
    According to Bloomberg, Brevan Howard Asset Management, a US macro hedge fund giant, is significantly reducing the risk that traders can take amid declining performance and evaporating profits last year. Insiders revealed that due to increased market volatility and chaotic conditions, CEO Aron Landy has recently taken some defensive measures, including lowering the risk limits of some traders. An investor letter shows that Brevan Howard's flagship Master Fund fell 1% in the first week of March, expanding its losses this year to 5.4%, while the fund achieved a return of 5.1% last year; another major company fund Alpha Strategies also fell by 0.8% in the same week but has risen by 1.5% so far this year. Since its founding with Howard's participation in 2003, Brevan Howard's flagship fund has only suffered more than a 5% loss in one fiscal year. In recent weeks, as conflicts have arisen between Trump administration and global trade partners leading to increased global market volatility causing investors' concerns about everything from tariffs on Canadian goods to increased defense spending in Europe.This turmoil has also affected other hedge fund giants such as Citadel, Millennium Management and DE Shaw & Co.
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