Crypto News: These are the 5 most important news of the week
Another exciting week in the crypto space is coming to an end. Here's a brief overview of the most important events surrounding Bitcoin, Ethereum, and others.
1.2 billion US dollars flowed out of Bitcoin ETFs
The crypto market suffered a severe blow right at the start of the week. One reason for the massive selloff: outflows from Bitcoin spot ETFs in the US. $1.2 billion in capital was withdrawn from the index funds on Monday. This is the second-highest figure since the financial products were launched in January 2024.
Bitcoin continued to come under pressure throughout the week. The price even plummeted below the $110,000 mark at one point. Read more about what's next for the cryptocurrency here: Bitcoin: A Volatile Month Ahead for the Cryptocurrency
Strategy follows suit – Saylor now holds 3 percent of all Bitcoin
One person in particular took advantage of the sell-off: Michael Saylor. Through his company Strategy, the Bitcoin advocate significantly increased his position on . 3,081 BTC were added to the holdings for $356.9 million. Strategy now holds just under three percent of the circulating supply – with a current value of around $70 billion.
Trump intensifies dispute with the Fed – crypto as the winner?
The dispute between US President Donald Trump and the Federal Reserve continues to escalate. On Tuesday, the Republican approved the dismissal of Fed Governor Lisa Cook, thereby exacerbating tensions between the parties. His goal: to get the US central bank to lower interest rates.
Eric Johnston of Cantor Fitzgerald now explains in a CNBC interview that Bitcoin and other risk assets could benefit from the US president's influence. He cites “cheaper credit, increased money supply, institutional adoption, and legislative support” as bullish signs for the leading cryptocurrency.
Kanye steals crypto: Serious allegations against rapper Ye
The launch of Kanye West's memecoin is barely a week old, and the first allegations against the US rapper are already being made. YZY has now lost more than 80 percent of its value. According to the analytics platform Dune, over 70,000 wallets are reportedly in the red. Only eleven wallets benefited from the launch.
Read more about the absurd incident here: Kanye West's Memecoin: 11 rich, 70,000 ripped off
US Department of Commerce provides economic data on Chainlink and Pyth
The U.S. Department of Commerce will make macroeconomic data available via the Chainlink and Pyth networks. The department announced this in a press release on Thursday. According to the information, statistics on employment, inflation, and the trade balance, among others, will be published via Chainlink and Pyth. The goal is to make these metrics usable for smart contracts, decentralized applications, and financial products. This is a historic step: For the first time, a U.S. agency is making government data available via blockchain oracles.
Eine Quelle: btc-echo.de
