THORChain approves conversion of $200M debt into equity tokens
THORChain node operators have approved a restructuring plan allowing it to convert its $200M debt into equity tokens. The move is aimed at stabilizing THORChain’s operations by addressing its liabilities. THORChain (RUNE) price rose 13.7% after the news but remains...
Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows
The ETF trading week began with a slight shift in investor sentiment, as capital moved away from bitcoin ETFs and favored ether ETFs. Bitcoin ETFs Lose $235 Million While Ether ETFs Attract $83.5 Million On Monday, Feb. 3, the U.S. spot exchange-traded fund (ETF)...
Cryptos Dip Further on China’s Retaliatory Tariffs
Cryptos fell further early Tuesday after China announced retaliatory tariffs on select US imports. Meanwhile, US Bitcoin spot ETFs recorded $234.40Mn outflows yesterday. Cryptocurrency prices have taken another hit as retaliatory tariffs, announced by China, further...
Matrixport: Bitcoin Faces Market Correction Amid Trump Tariff Saga and Liquidity Concerns
Bitcoin faces short-term uncertainty following Trump’s tariffs announcement and a lack of retail dip-buying; however, institutional demand remains strong, driven by the growth of bitcoin spot ETFs and the futures market. Bitcoin’s Post-Halving Price...Interesting 13
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