BlockPress

BlockPress

BlackRock leads record $465M spot Ether ETF Monday exodus

The US spot Ether exchange-traded funds (ETFs) experienced a significant reversal on Monday, witnessing their largest single-day outflow on record, totaling $465 million. This sharp decline follows a period of unprecedented growth, with inflows reaching record highs throughout the preceding…

Philippines SEC cracks down on unregistered crypto exchanges

The Securities and Exchange Commission (SEC) of the Philippines has issued a stern warning to several prominent cryptocurrency exchanges, including OKX, Bybit, and KuCoin, for operating within the country without the necessary licenses and authorizations. This action underscores the SEC’s…

Trump to order probe of crypto and political debanking claims: WSJ

The Wall Street Journal reported that the White House is considering issuing an executive order instructing banking regulators to thoroughly investigate allegations of “debanking”—the practice of banks severing ties with certain customers—made by executives in the cryptocurrency industry and conservative…

BlackRock Bitcoin fund sees largest outflow in 9 weeks

BlackRock’s iShares Bitcoin Trust (IBIT), a significant player in the Bitcoin exchange-traded product (ETP) market, experienced a net outflow of $292 million on Monday. This outflow occurred amidst a period of Bitcoin price recovery following a weekend characterized by notable…