News & Research

Our real-time cryptocurrency news service provides 24-hour coverage from 10:00 p.m. UTC on Sunday until 3:00 p.m. UTC the following Saturday. During the reduced service period, from 3:00 p.m. UTC Saturday to 10:00 p.m. UTC Sunday, we will only provide updates on major breaking news.

With the U.S. Securities and Exchange Commission (SEC) expected to approve a large number of the over 90 cryptocurrency ETF applications filed as early as this fall, industry experts are predicting both an expansion into institutional markets and the potential for many products to be delisted early, Cointelegraph reported, citing multiple specialists. Nate Geraci, president of Novadius Wealth Management, stated that the success or failure of ETFs ultimately depends on investor choice. He suggested that there is underestimated demand for a variety of crypto ETFs, considering the initial interest seen in spot Bitcoin and Ethereum ETFs. Bloomberg ETF analyst James Seyffart noted that while numerous crypto ETFs will launch in the coming months, some will likely disappear from the market within a few years. He cautioned that it would be a mistake for altcoin-based ETFs to expect the same level of performance as Bitcoin ETFs, but added that it is also wrong to assume all such products will fail.

On-chain analyst Willy Woo said that inflows into the Bitcoin network have turned positive on a daily basis after declining for the past few weeks. He assessed this as the first sign that BTC has started to form a market bottom.

U.S. spot ETH ETFs recorded a net inflow of $3.8 billion (5.2884 trillion won) in August, according to TraderT. This marks the second-largest monthly net inflow since the launch of the funds. BlackRock's ETHA alone attracted $3.4 billion, accounting for approximately 87% of the total inflows for the month. During the same period, the price of ETH rose by about 48%, from $3,353 to $4,957.

Bitcoin cloud mining company Bitdeer announced that it mined 89.2 BTC in the last seven days. As of Aug. 29, the company holds a total of 1,900 BTC.

Binance Alpha has announced the addition of Quark AI (Q). The platform is an on-chain trading service within the Binance Wallet that focuses on listing early-stage coins.

A Bitcoin OG, an early, long-term holder who has been selling BTC to buy ETH, deposited 2,120 BTC ($230 million) to the decentralized exchange Hyperliquid (HYPE) about an hour ago, swapping 1,000 BTC ($109 million) for ETH, Lookonchain reported.

An Indian court has sentenced 14 individuals, including a former ruling party lawmaker and a senior police official, to life in prison for kidnapping and extorting Bitcoin, Cointelegraph reported. The group was convicted for their involvement in the 2018 kidnapping of businessman Shailesh Bhatt in Surat, a city in the state of Gujarat, from whom they extorted 750 BTC. The defendants included the police chief of the Amreli district and a former member of parliament from the Bharatiya Janata Party (BJP).

Four new wallets, presumed to belong to institutions, have acquired a total of 1,506 BTC worth $163.5 million from Galaxy Digital over the past two hours, Lookonchain reported.

The following are the BTC perpetual futures long/short position ratios over the past 24 hours on the world's top three cryptocurrency futures exchanges by open interest: Overall: Long 48.72% / Short 51.28% 1. Binance: Long 48.53% / Short 51.47% 2. Gate.io: Long 49.97% / Short 50.03% 3. Bybit: Long 47.62% / Short 52.38%