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Grayscale’s GBTC Tops Outflow Charts With $90M Amid BTC’s Price Crash Below $60K
Grayscale’s GBTC Tops Outflow Charts With $90M Amid BTC’s Price Crash Below $60K

Spot Bitcoin ETFs are at risk of more outflows if prices stay below $60.5k, according to Bianco Research’s founder.

Cryptopotato·2024/06/25 12:28
Mt Gox repayments to creditors may not affect Bitcoin as expected
Mt Gox repayments to creditors may not affect Bitcoin as expected

Share link:In this post: Mt Gox is expected to repay nearly $9 billion to creditors in July. Analysts say that the scheduled repayment won’t pose a threat to Bitcoin price. According to Thorn, Bitcoinica BK, claim funds, and individual creditors will receive 10,000 BTC, 20,000 BTC, and 65,000 BTC, respectively.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend indepen

Cryptopolitan·2024/06/25 11:52
Bitcoin options put-call skew remains optimistic ahead of June’s quarterly expiry, analysts say
Bitcoin options put-call skew remains optimistic ahead of June’s quarterly expiry, analysts say

Bitcoin options put-call ratio remains optimistic ahead of the end-of-June quarterly options expiry, analysts noted.This comes despite recent developments that could exacerbate sell pressure.

The Block·2024/06/25 10:40
Flash
15:32
The US Federal Regulatory Agency has approved a plan "aimed at making AI data centers more easily connect to the US power grid."
BlockBeats News, June 18th, the U.S. federal regulatory agency approved a plan to make it easier for artificial intelligence data centers to connect to the U.S. power grid.
15:03
Oil prices
Golden Ten Data reported on June 18 that crude oil futures further widened their decline as market focus shifted to the passage of ships through the Strait of Hormuz following the signing of the US-Iran agreement. Ritterbusch & Associates stated in a report, "The wave of bearish sentiment triggered by the reopening of the strait stands in sharp contrast to the extremely tight supply factors favoring the bulls. This situation could persist until next week." The agency added that it will take time to restore supply levels, "and it is unlikely to reach 50%-60% of pre-war capacity even by August or later." The replenishment of depleted inventories will also drive a significant increase in demand.
15:03
Smith & Wesson Brands Inc. (SWBI) surged as much as 28% at the start of US stock trading, reaching $17.56, approaching the March 21, 2024 high of $18.05, the January 5, 2022 high of $18.94, and the November 19, 2021 high of $24.26.
The company reported net sales of $178.4 million for the fourth fiscal quarter, surpassing analysts’ expectations of $155.5 million. Adjusted earnings per share (EPS) came in at $0.36. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $30.9 million, compared to $23.5 million for the same period last year, while the market had expected $23.3 million. Adjusted operating income was $21.3 million, above the market’s forecast of $15.4 million. Expand
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