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Crypto investment products saw $952 million in outflows, marking the first red week in four, as investor sentiment took a hit due to delays to a key US crypto regulatory bill.Crypto exchange-traded products (ETPs) recorded $952 million in outflows, led by $555 million for Ether (ETH) funds and $460 million for Bitcoin (BTC) funds.The large-scale outflows were mainly attributed to delays to the Digital Asset Market Clarity Act, or Clarity Act, a matter that prolonged “regulatory uncertainty and concerns over whale selling,” according to a CoinShares report published Monday.”As a result, it now appears highly unlikely that ETPs will exceed…
Update Dec. 23, 07:01 am UTC: This article has been updated to include Binance’s response.Binance reportedly continued to allow suspicious accounts to move funds in crypto even after the exchange pledged to tighten controls as part of its $4.3 billion US criminal settlement in 2023. According to internal data reviewed by the Financial Times, a network of 13 user accounts processed about $1.7 billion in transactions from 2021, including roughly $144 million after the November 2023 plea agreement.The files reportedly include Know-Your-Customer (KYC) documents, IP and device logs, and transaction histories for users in countries including Venezuela, Brazil, Syria, Niger and…
A governance vote at decentralized finance (DeFi) lending protocol Aave sparked a backlash from key stakeholders after a proposal on ownership of Aave’s brand assets was escalated to a Snapshot vote amid unresolved discussion. The proposal asks the community whether Aave (AAVE) token holders should regain control over the protocol’s brand assets, including domains, social handles, naming rights and other intellectual property through a DAO-controlled legal vehicle. Aave founder Stani Kulechov said the community was interested in a decision, announcing that the proposal had been moved to a vote. “We realize the community is very interested in a path forward and is…
Decentralized perpetuals exchange Hyperliquid has been among crypto’s breakout projects in 2025, but rivals’ lucrative rewards systems are vying to lure investors away.Cantor Fitzgerald forecasts Hyperliquid’s HYPE (HYPE) token to surge to $200 by 2035. Hyunsu Jung, CEO of HYPE treasury company Hyperion DeFi argues that the surge will be fueled by the Hyperliquid Improvement Proposal 3 (HIP-3).”We see HIP-3 as the major driver of Hyperliquid’s next phase of growth, and as a key enabler of the valuation framework proposed by Cantor,” Jung told Cointelegraph.Perpetual swaps are futures derivative contracts that track the price of an underlying asset but have…
Bitcoin (BTC) charged toward $90,000 during the early Asia trading hours on Monday as a key market metric suggested a “tactical” upside potential for BTC price. Key takeaways:Bitcoin is up 6.5% from recent lows, fueling “Santa Rally” hopes with targets up to $120,000. Short liquidations are dominating, which can provide fuel for the bulls. Bitcoin price must not fall below $84,000 for a sustained recovery. BTC/USD daily chart. Source: Cointelegraph/TradingView”Santa rally” talk returns as BTC gains $5,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting an intra-day high of $89,850, up 6.5% from a local low of $84,400.Bitcoin is “looking for…
The Hong Kong Insurance Authority is reportedly proposing to allow insurance capital allocation to cryptocurrencies and infrastructure projects.Bloomberg reported on Monday that the city’s regulator started reviewing the risk-based capital regime to support the insurance industry and economic development. Crypto allocations would be subject to a 100% risk charge, meaning that the insurer would need regulatory capital roughly equal to the full value of its crypto position.The proposal would also allow infrastructure investment at a time when Hong Kong faces a budget deficit. Some companies that submitted feedback reportedly urged that coverage be extended broadly, noting that the current proposal…
Brazil’s Senate closed its final deliberative session of the year by taking two decisions that point in different directions for the country’s gambling landscape. Lawmakers refused to fast-track a long-debated proposal that would allow land-based casinos and other forms of gambling, while at the same time approving legislation that increases the tax burden on licensed betting operators over the coming years.In a vote held late on Wednesday, senators rejected a request to treat the casino bill as urgent. The motion failed by 36 votes to 28, which means the proposal will now proceed under the standard legislative timetable. No new…
Plenty of the best horror games are scary in the way they present players with dangerous situations that are clear to understand the terrors of, along with frightening enemies. For example, Resident Evil places players in a horrific situation where police members are trapped in a mansion and must face various zombies and other mutated creatures. Reality never bends, as that’s not the point of the horror. Related The 10 Greatest Horror Games Of The Last 10 Years, Ranked It may be past the spooky season, but this past decade’s worth of fantastic horror games are calling to fans regardless…
Bitcoin (BTC) counts down to Christmas at a crossroads with bulls and bears locked in a struggle for control.Bitcoin price targets become increasingly divergent as frustration builds over the lack of a breakout.Japan ruffles feathers with record bond yields as gold and silver smash all-time highs.Bitcoin is no longer in price discovery mode as the Bull-Bear Market Cycle Indicator sees multiyear lows.The Coinbase Premium is back in the red, with US sellers staying strong.Sentiment bets give rise to calls for a contrarian market move higher.Bitcoin end-of-year breakout bets divergeAfter initially wobbling at the weekly close, Bitcoin saw some much-needed relief…
Indonesia’s Financial Services Authority (OJK) has published a whitelist of 29 licensed crypto platforms, officially spelling out which exchanges are legally allowed to operate in the country. The list, which includes names of entities and their apps or platforms, is meant to serve as an official reference for users to verify whether a provider is properly licensed before trading. OJK has urged the public to transact only with entities on the list and to treat unlisted platforms as unlicensed operators. South Korea’s largest exchange, Upbit, is included among licensed exchanges. Source: OJKGlobal crypto players eyeing IndonesiaThe clarification of who can legally offer…