Six straight months of losses? Five things to know in Bitcoin this week
Bitcoin neared the first six-consecutive-month streak of losses since the 2018 bear market as Iran war woes kept markets firmly in check. Source: Cointelegraph
Crypto funds see first outflow in 5 weeks amid inflation fears, Iran tensions
Digital asset products saw $414 million in outflows last week as inflation fears, US Fed rate hike expectations and Middle East tensions drove a shift toward risk-off sentiment. Source: Cointelegraph
Pierre Rochard warns US regulators over Bitcoin gap in Basel rewrite
Bitcoin Bond Company CEO Pierre Rochard says US regulators’ Basel III revamp cannot quietly decide how banks treat Bitcoin without clearly explaining the rules and evidence behind them. Source: Cointelegraph
Ethereum Foundation accelerates 70,000 ETH staking plan after BitMine sale
The Ethereum Foundation deployed $46.2 million in ETH across 11 deposits as it accelerates a 70,000 ETH staking plan. Source: Cointelegraph
White House app sparks concern over location tracking and privacy issues
The Google Play Store page states that the app collects personal data, such as a phone number, while the App Store directs users to the White House’s privacy policy. Source: Cointelegraph
Ethereum price risks falling to $1.2K next, analyst warns
Ethereum is flashing a warning of a familiar bull trap that preceded 45% and 48% drops in the past, raising risks of a fresh breakdown. Source: Cointelegraph
Bitcoin ETFs Bleed $290M as ‘Risk-Off’ Mood Deepens
Analysts attribute last week’s BTC ETF outflows to geopolitical tensions, fading ceasefire hopes, and end-of-quarter rebalancing. Source: Decrypt
Polymarket trader makes $67K after UFC announcer briefly mixes up winner
The Polymarket trader quickly bought $676 worth of one-cent shares in Tyrell Fortune winning the fight after he realized the UFC announcer called out the wrong winner. Source: Cointelegraph
Three Reasons Why Circle’s Stock Is Under Pressure
A yield ban, a rival’s audit, and an unresolved legislative clock have left Circle’s stock in limbo for the past week. Source: Decrypt
DeFi lender Aave launches on OKX’s Ethereum L2, X Layer
OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume. Source: Cointelegraph