Tag: News

U.S. spot Bitcoin exchange-traded funds recorded a $201.81 million net outflow on August 28, snapping a robust nine-day winning streak that had accumulated roughly $3.04 billion. Conversely, spot Ethereum ETFs extended their positive momentum to a ten-day streak, pulling in approximately $1.52 billion over the period. The shift in institutional appetite highlights divergent short-term capital flows between the two leading digital assets amid...

MicroStrategy has allocated $635 million to buy back its preferred stock, signaling a major strategic maneuver in its corporate finance structure. The multi-million dollar repurchase program aligns with the firm’s broader focus on optimizing capital allocation while managing equity dilution. Market participants continue to monitor how these large-scale balance sheet maneuvers impact MicroStrategy’s ongoing bitcoin accumulation...

Robinhood Chain has accumulated $11.48 million in fee revenue just two months after its official launch. The network is currently annualizing at a robust $60 million run rate, signaling strong early adoption and user engagement. More than $1 million of the generated revenue flows directly back into the Arbitrum ecosystem, highlighting mutual business benefits. Robinhood’s native layer-2 scaling network has quickly emerged as a major player...

Bitmine Immersion Technologies acquired 33,546 ETH valued at approximately $131 million, according to data highlighted in a CoinDesk report. The transaction represents the firm’s single largest Ethereum acquisition since June, further expanding its digital asset treasury. The aggressive accumulation strategy comes as institutional appetite for smart contract platforms continues to show resilience. Bitmine Immersion Technologies, a firm...