Saturday Top Crypto News
In on short thread…
The 12 U.S. spot Bitcoin ETFs saw nearly $1B in net outflows in the latest session—the second-largest daily outflow since launch—leaving the cohort on track for its worst week since February…
Over the past month, cumulative outflows total about $4B while BTC has retreated ~30%.
Citi Research estimates each $1B of ETF outflows corresponds to ~3.4% downside in spot and sets an $82K year-end bear-case target.
Bitcoin treasury firm Strategy (formerly MicroStrategy) said on X that during the 2022 bear market its average BTC purchase price was around $30,000; when BTC fell to roughly $16,000 (~50% of that cost), it added to its holdings. The statement implies the firm may continue accumulating BTC in the current downturn.
According to Bloomberg, U.S. officials are holding early internal discussions on whether to allow Nvidia to export its H200 AI chips to China.
No final decision has been made, and the idea may remain an internal debate without resulting in export licenses, but the possibility itself marks a shift from the Trump administration’s earlier public stance on semiconductor export controls.
The price of Cardano (ADA) was down on Friday after the blockchain suffered an unexpected chain split, which was caused by a malformed delegation transaction that triggered a software flaw.
That created problems for Cardano users, and prompted a public apology from the user who claimed that they caused it.
Crypto majors trade at the following levels
BTC 84,450 (down 1.1% in 24 hours)
ETH 2,760 (down 0.9%)
XRP 1.951 (down 0.7%)
SOL 127.90 (down 2.1%)
Have a great day!
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