A crypto trader shared why he believes Grayscale Bitcoin Trust is seeing a mass sellout. Grayscale Bitcoin Trust (GBTC) has been observed selling off its Bitcoin (BTC) holdings, with recent reports indicating that the firm recently moved $1.3 billion of Bitcoin to Coinbase. Pseudonymous crypto trader Ash Crypto explained that he believes that market forces are the...
TV personality and founder of hedge fund Cramer & Co. Jim Cramer called the decline in Bitcoin a “nasty beginning to the sell-off”. In his post in X on Jan. 19, Cramer doubted the prospects for further growth of the first cryptocurrency. As an argument, he noted that an asset cannot double in price by hundreds...
Popular exchange Crypto.com today announced the delisting of Terra LUNA. As a direct consequence, LUNA and LUNA Classic experienced a near 10% drop in value, reflecting investor uncertainty. Additionally, both tokens witnessed a 12% decrease in their 24-hour trading volume, signaling a retreat in market activity surrounding these assets. In response to these developments, Crypto.com has taken decisive action to mitigate risks and...
Grayscale’s Michael Sonnenshein backed the longevity of his firm’s spot Bitcoin ETF as it saw over $2.2 billion in outflows less a week after approval. Holding north of $25 billion in assets under management, Grayscale’s Bitcoin Trust (GBTC) ETF is the biggest spot Bitcoin exchange-traded fund of 11 funds authorized by the United States Securities and...
IntoTheBlock provides insights into the unexpected downturn in Bitcoin’s market, particularly following the approval of the Bitcoin ETF. Data shared in a Jan. 19 X post by blockchain analytics firm IntoTheBlock shows that Bitcoin (BTC) prices have decreased by approximately 10% in the past week, a trend that contradicts many market predictions. The firm’s analysis reveals several key...
LONDON (Reuters) -Britain's Prince Harry on Friday withdrew his libel claim against the publisher of the Mail on Sunday newspaper over an article about his security arrangements, with his spokesperson saying he wanted to focus on his family's safety. Harry, King Charles' younger son, had sued Associated Newspapers over a 2022 article which stated he only...
BATU PAHAT: The police have found skeletal remains of a woman believed to be Mira Sharmila Samsusah, the single mother also known as Bella who was reported missing more than a month ago. Johor police chief Comm Datuk Kamarul Zaman Mamat said the main suspect in the case led police to the location where the human...
SHAH ALAM: Tan Sri Dr Wan Junaidi Tuanku Jaafar has declined to comment on speculation that he is to be the next Sarawak governor. His media officer, when contacted by Sinar Harian on Friday (Jan 19) said that the Dewan Negara President would not comment on the speculation for now. "We do not have any comments because...
KUALA LUMPUR: A man with an extensive criminal record of 25 offences was one of two suspects arrested after a woman was robbed in front of her house in Shah Alam last Saturday. Subang Jaya police chief ACP Wan Azlan Wan Mamat said in the incident at 6.30am, the woman was accosted by four men on...
ALOR GAJAH: A 70-year-old retired teacher has lost RM1.2mil of her Employees' Provident Fund (EPF) savings in a cryptocurrency investment scam. Alor Gajah OCPD Supt Arshad Abu said the victim's misery began on Oct 30 when she joined a social media group promising lucrative returns. "The victim was attracted to the rosy offer of multiplying her money...
