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Bitcoin ETFs Bleed $1.25B as Memory Chip ETF Becomes Wall Street’s New Obsession

Last week saw heavy outflows in crypto-related exchange-traded funds, while a memory chip ETF became one of the fastest-growing funds in history. Bitcoin’s price failed to chart notable gains in the interim and is up by 0.6%. Many altcoins saw similar price action, with a few exceptions, such as Hyperliquid’s HYPE, which soared by around […]

US Treasury Sanctions Sinaloa Cartel Associates Over Crypto Money Laundering

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has enforced sanctions against individuals and entities linked to a Mexican cartel that is trafficking illicit drugs and laundering the proceeds through cryptocurrency networks. According to a press release from the Treasury, these individuals and entities lead networks that launder the proceeds of fentanyl […]

Bitcoin’s Key Resistance Stall Could Send it Tumbling Much Lower: Analysts

Bitcoin has hit resistance at its 200-day moving average and is showing signs of a trend reversal, according to CryptoQuant on Wednesday. The move closely mirrors a March 2022 pattern where a 43% rally stalled at the same level before prices declined further. “Overall, Bitcoin demand has flipped into contraction,” the analyst wrote. The platform’s […]