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Grayscale Spot Bitcoin ETF Continues to Gain Positive Signals with $31.6 Million in Inflows

Key Points: Grayscale spot Bitcoin ETF has ended a four-month outflow streak, seeing nearly $32 million in inflows during the latest trading session. Despite facing over $17 billion in withdrawals due to higher fees and industry bankruptcies, GBTC

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24/7 World Crypto News

Do We Even Need Bitcoin ETFs

HodlX Guest Post  Submit Your Post   After five years of drama and dozens of rejections, ETFs (exchange-traded funds) based on Bitcoin’s spot price have finally been approved. A total of 11 ETFs are making their market debut, allowing US investor

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24/7 World Crypto News

Chinese Nationals Nabbed in $73 Million Pig Butchering Crypto Fraud

The US Department of Justice (DOJ) has arrested two Chinese nationals, Daren Li and Yicheng Zhang, for orchestrating a massive crypto scam known as “pig butchering.” This scheme led to the laundering of at least $73 million. The arrests hig

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24/7 World Crypto News

Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million

In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in th

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24/7 World Crypto News

Biden may rethink SAB 121 vote veto due to political support for crypto

The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?

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24/7 World Crypto News

$22,000 Disappears From JPMorgan Chase Account After Customer Reports Suspicious Activity – Now Bank Says Reimbursement Is Not Happening: Report

An Ohio family says a single phone call led to thousands of dollars being drained from their JPMorgan Chase bank account – and Chase says they’re on the hook for it. The Kalista family says they recently received a phone call from what was alleged

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24/7 World Crypto News

Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end

Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to ap

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24/7 World Crypto News

Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher

Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) 2024, with its native OP token surging 9% on the back of this bullish momentum. Optimism Sees Higher Activity And Rising Transaction Fees Accordin

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24/7 World Crypto News

Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value

Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, fil

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24/7 World Crypto News

Crypto personality pleads guilty to fraud after promising 60% 'fictitious' returns

The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a "fictitious" cryptocurrency” wallet after promising significant gains.

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24/7 World Crypto News

Feds Charge Chinese Nationals in $73 Million 'Pig Butchering' Crypto Scam

The Department of Justice charged Daren Li and Yicheng Zhang with orchestrating a “pig butchering” cryptocurrency scam.

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24/7 World Crypto News

Pink Drainer Announces Exit, Shutting their Operations

Pink Drainer, a notorious crypto-wallet draining kit, announced their shutting down through a Telegram message after helping steal over $85 Million. In a Telegram message, the members of the group declared that they had achieved their goal as per

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