Crypto outflows on the rise as investors bet against BitcoinShort Bitcoin investment products received their single largest inflow since March last week.
Happy Tuesday!The global crypto market cap is $1.04 trillion, with a 24-hour volume of $34.52 billion. The price of Bitcoin is $26,185.26, and BTC market dominance is 49.1%. The price of Ethereum is $1,603.07, and ETH market dominance is 18.6%. The best-performing sector is DuckSTARTER, which gained 475%. The Crypto Fear & Greed Index is currently Extreme Fear (30). Top News
Crypto outflows on the rise as investors bet against BitcoinShort Bitcoin investment products received their single largest inflow since March last week. Ex-PayPal, Facebook exec David Marcus says Lightning can turn Bitcoin into a ‘real global payment network’Marcus says that his company, Lightspark, aims to expand Lightning's availability. FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024The court filings showed that more than 75 firms are bidding for FTX or its assets as the company undergoes radical restructuring. Latest Insights
More NewsMeta reportedly building new AI model to compete against OpenAI’s ChatGPTThe tech powerhouse is reportedly building new data centers and buying up NVIDIA chips in an effort to surpass its previous efforts and rival market frontrunners. Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulationsLooming regulations from the Financial Conduct Authority have sparked an industry-wide slowdown of crypto services in the United Kingdom. Despite industry objections, SEC’s Gensler continues to classify crypto as securitiesGensler doubles down on crypto regulations amidst industry backlash and legal setbacks. New UK crypto laws pose stiff challenge for most firms, cautions Delphi Labs counselThe U.K.'s FCA implemented a revised financial promotions regime set to take effect in October. Polkastarter rebrands to GAM3S.GG after successful $2M funding roundThe rebranded "superapp" aims to fill a market niche for web3's one-stop shop for games and gaming culture.
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