Meme Coins Lose Steam: $20 Billion Wiped From Market Since May

August 18, 2024 Bitcoin.com

Meme Coins Lose Steam: Billion Wiped From Market Since May

bitcoin.com

During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly decreased, and since May 21, the meme token […]

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Spot Bitcoin ETFs attract investor interest despite August outflows

August 17, 2024 Coin Telegraph

Bitcoin market trends

The positive inflows into ETFs from major players like Fidelity and BlackRock highlight the growing confidence in the investment vehicles.

United States-based spot Bitcoin exchange-traded funds (ETFs) have continued to attract investor interest despite outflows earlier in August.

On Aug. 16, data from SoSoValue revealed that the total weekly net inflow for spot Bitcoin (BTC) ETFs reached $32.58 million, in contrast to the outflows seen in the previous weeks. On Aug. 2, the net outflow for spot Bitcoin ETFs was $80.69 million, while on Aug. 9, the outflow reached $169 million.

However, the total net inflow for spot Bitcoin ETFs on Aug. 16 reached $36 million despite outflows of $72.9 million from the Grayscale Bitcoin Trust on the same day. While GBTC has been experiencing a continuous hemorrhage of funds, other spot Bitcoin ETFs are seeing regular inflows.

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Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case

April 14, 2023 Bitcoin.com

Adam Gottlieb

Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an […]

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Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy

January 20, 2023 Bitcoin.com

$200 million

According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This news follows a report from Semafor at the end of November 2022 stating that […]

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