The US Spot Bitcoin ETF has ended its 16-day inflow streak this week, as the crypto market recorded a massive pullback. Amid this, BlackRock Bitcoin ETF (IBIT) recorded its highest outflow since launch, sparking concerns among investors. Simultaneously, Fidelity’s FBTC also witnessed the largest decline earlier this week, which reflected the waning risk-bet appetite of the investors. BlackRock Bitcoin ETF Records Largest Outflow Ever The recent crypto market crash has weighed on the investors’ sentiment, as evidenced by the significant pullback in digital assets. Amid the recent Bitcoin crash , the US Spot Bitcoin ETFs also recorded outflow this week, ending their 16-day inflow streak on December 18. BlackRock Bitcoin ETF (IBIT) has recorded its highest outflow of $72.7 million on Friday, December 20, Farside Investors data showed. This comes a day after Fidelity’s FBTC recorded an outflux of $208.5 million, its largest outflow ever since the investment instruments were launched in the US on January 2024. The overall outflow of the US Spot BTC ETF was $671.9 million and $277 million on December 19 and December 20, respectively. Source: Farside Investors Meanwhile, Bitcoin has recorded a robust rally this year, especially after Donald Trump’s election win in November. It touched a new all-time high of $108K earlier this month, amid soaring optimism toward the US Bitcoin Strategic Reserve. On the other hand, other global leaders like the Europe also hinted towards a similar move ahead. Simultaneously, corporations have also increased their focus on the investment instrument. For context, MicroStrategy has continued its BTC buying strategy, reflecting its growing confidence in the asset. Besides, Bitcoin miners like MARA , Hut 8, and others also accumulated massive BTC. Despite that, these recent outflows from BlackRock Bitcoin ETF and others appeared to have weighed on the investors’ sentiment. The post Breaking: BlackRock Bitcoin ETF Records Largest Outflow Since Launch appeared first on CoinGape .
Michael van de Poppe predicts significant potential for Bitcoin's price growth. He emphasizes the ongoing opportunities for altcoins in the current market cycle. Continue Reading: Michael van de Poppe Analyzes Bitcoin’s Potential for Growth The post Michael van de Poppe Analyzes Bitcoin’s Potential for Growth appeared first on COINTURK NEWS .
Crypto markets witnessed surprising resilience this week as Hyperliquid, Movement, and Bitget Token outperform with remarkable double-digit price gains. The ongoing bullish momentum suggests a continued positive outlook for these
Michael Gapen, Chief U.S. Economist at Morgan Stanley, said that while the Fed’s current stance appears hawkish, he doesn’t rule out a shift to a more dovish approach in the near future. Speaking after the release of the latest Personal Consumption Expenditures (PCE) report, Gapen highlighted underlying trends in inflation and the Fed’s potential policy trajectory. Gapen assessed the November PCE report, which showed a modest increase of 0.1, as positive. It noted that the decline in housing-related inflation was a significant factor and that progress was being made in addressing one of the root causes of high inflation. However, there remains some persistence in goods prices, particularly in the auto sector, due to storm-related disruptions. “The data shows that inflation is falling,” Gapen said, adding that more confirmation would be needed before the Fed would consider cutting interest rates as early as March. Related News: Deutsche Bank Teaming Up With This Binance-Listed Altcoin To Build Its Own Blockchain Gapen predicts that December inflation figures could follow a similar pattern, with an increase between 0.17% and 0.2%. However, January could show a seasonal increase. Despite these fluctuations, he sees a clear trend toward disinflation that could affect the Fed’s future decisions. While the Fed has maintained a hawkish tone recently, Gapen believes that stance is not set in stone. He pointed to comments from Chairman Jerome Powell that monetary policy remains restrictive, but less so than in previous months. “There’s a lot of inflation tolerance in their forecasts,” Gapen said, adding that the Fed doesn’t expect to reach its 2% inflation target by 2027. “If activity slows, inflation falls and labor markets soften, the Fed could shift to a more dovish approach.” *This is not investment advice. Continue Reading: Morgan Stanley Chief Economist Speaks: “The Fed Returned to a Hawkish Tone Today, But…”
Pudgy Penguins, LilPudgys, Azuki and Doodles topped last week’s charts as the best-performing collections.
After a 20% weekly drop, PEPE may be recovering. Will this trend last?
Discover the risks of fake crypto liquidity pools, common scam tactics and practical strategies to identify and steer clear of fraudulent projects.
A rising DeFi token could challenge Ethereum's dominance by 2025, reshaping decentralized finance. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A rising DeFi token could challenge Ethereum’s dominance by 2025, reshaping decentralized finance. Table of Contents CYBRO’s 260% jump after Gate.io and MEXC listings signals massive rally ahead Ethereum’s proof-of-stake and smart contracts drive dApp ecosystem Conclusion A unique DeFi token is making waves, poised to challenge Ethereum’s dominance by 2025. With unique features and growing momentum, it could redefine the landscape of decentralized finance. Is the crypto world on the brink of a major shift? This article explores how this rising star might seize the spotlight in the coming years. You might also like: After its $7m presale, CYBRO token gears up for listing on Gate.io and MEXC CYBRO’s 260% jump after Gate.io and MEXC listings signals massive rally ahead CYBRO is taking the crypto world by storm. Fresh off its launch on Gate.io and MEXC, the token’s price shot up from $0.06 to $0.16 in just 24 hours — a whopping 260% gain. The trading volume hit an impressive $15 million at its peak. This explosive debut is backed by CYBRO’s solid fundamentals and the buzz it built before the launch. During its presale, CYBRO raised $7 million and attracted almost 20,000 early investors, showing strong market interest even before going public. Still early — massive potential ahead Despite this incredible rally, CYBRO is still at a low price point, leaving room for higher highs. In the medium term, the token could add more 500-600% to its value, depending on broader crypto market conditions and adoption within its ecosystem. In the most optimistic scenario, CYBRO could surge 1100%. What makes CYBRO special? CYBRO is a multichain DeFi platform that uses AI to optimize earnings. Whether you’re new to DeFi or a seasoned pro, CYBRO makes investing easier and more effective. Here are the privileges for CYBRO holders: Earn by Staking: Lock up CYBRO and earn passive income Airdrops & Rewards: Get cashback and loyalty bonuses just for being part of the community Shape the Future: With just 100 CYBRO tokens, users can join the CYBRO DAO and vote on key decisions Save on Fees: CYBRO holders enjoy reduced transaction costs Community-driven vision and ambitious roadmap CYBRO is staying true to its promise to early investors and already delivering real results. Looking ahead, the team is gearing up to roll out new AI features, open more vaults, and develop additional one-click strategies to streamline DeFi investing. Combined with its strong launch performance and ambitious roadmap, CYBRO is shaping up to be a leader in decentralized finance. Ethereum’s proof-of-stake and smart contracts drive dApp ecosystem Ethereum is a Proof-of-Stake blockchain that supports smart contracts and a wide range of decentralized apps. It powers decentralized finance and uses Layer 2 solutions like Arbitrum and Polygon to improve transactions. Ethereum introduced ERC-20 tokens, which are used for governance, utility, and storing value. Transactions still require ETH for gas fees. Since its inception by Vitalik Buterin, Ethereum has evolved, including the switch to Proof-of-Stake. The network aims to increase scalability and reduce costs. Ether (ETH) is central, supporting transactions, rewarding stakers, and acting as a tradable asset and collateral. Conclusion While established cryptocurrencies like ETH show limited short-term potential, CYBRO is making a significant impact in the DeFi space. This advanced platform offers investors unmatched opportunities to boost their earnings through AI-powered yield aggregation on the Blast blockchain. With attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO delivers a superior user experience with effortless deposits and withdrawals. Prioritizing transparency, compliance, and quality, CYBRO distinguishes itself as a promising project. It has garnered strong interest from crypto whales and influencers, positioning itself as a standout choice for those looking to maximize returns in the current market landscape. For more information, visit the official CYBRO website and join the community on X , Telegram , and Discord . Read more: CYBRO leaps 200% in 24 hours following exchange listing Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The post U.S. to Blacklist Chinese Company Sophgo for Ties to Huawei AI Chip Scandal appeared first on Coinpedia Fintech News The U.S. government is taking serious action against Chinese chipmaker Sophgo after its involvement in a Huawei AI processor scandal. This move comes as the Biden administration cracks down on companies helping Huawei bypass U.S. restrictions. Here’s what you need to know about the latest tech clash between the U.S. and China. Sophgo’s Chip Found in Huawei AI Processor Sophgo, a Chinese chip designer with ties to Bitcoin mining equipment supplier Bitmain, is under the U.S. government’s radar. A recent investigation found that a chip made by Taiwan Semiconductor Manufacturing Company (TSMC) for Sophgo was found in Huawei’s Ascend 910B AI processor. This processor is part of Huawei’s advanced AI systems, and the discovery raised alarms in Washington. The U.S. Department of Commerce is now pushing to blacklist Sophgo, placing it on the Entity List, a restricted trade list. Being on this list would prevent Sophgo from receiving U.S. technology and components. Sophgo Denial of Ties to Huawei Even though the chip was found in Huawei’s system, Sophgo denied having any business with Huawei. In an earlier statement, the company said it never had any connection with the Chinese telecom giant. But the U.S. government remains skeptical, especially after the chip was found in Huawei’s products. Sophgo’s Work with Chinese Entities Beyond its relationship with Huawei, Sophgo is deeply involved with Chinese state-owned entities. The company supplies AI chips to local government agencies, including police stations, which use the chips for surveillance technology. Sophgo’s role in China’s growing surveillance state has raised concerns among U.S. officials about the potential for these chips to be used in ways that could undermine national security. TSMC Suspends Shipments to Sophgo Following the discovery TSMC, which has long been a supplier to Huawei, confirmed that the chip matched Sophgo’s design and confirmed that it would no longer ship to Sophgo. The Taiwanese chipmaker had already halted shipments to Huawei in 2020, but the latest issue shows how companies can still get important chips in other ways. U.S.-China Tech War Intensifies The Sophgo case is just the latest chapter in the ongoing U.S.-China tech rivalry. As the U.S. seeks to maintain its edge in fields like AI, 5G, and semiconductors, it is using sanctions and trade restrictions to prevent Chinese companies from accessing advanced technology. By blocking companies like Sophgo, the U.S. hopes to slow China’s progress in these critical areas.