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Voodoo of V
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đ€Żđ€Żđ€Ż At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Mondayâs trading session. Grayscaleâs Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows.
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đïžđïžđïž Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the weekâs biggest loser shedding 31.2% while notcoin (NOT) lost 24.3% this week. $USDC
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đïž Analyst Warns of Bank of England Moment for US Debt, Steep Yield Increases Otavio Costa, a Macro Strategist at Crescat Capital, a multidisciplinary asset management firm, has expressed concern about the state of the U.S. government securities liquidity index and its potential implications for the future of U.S. debt. He suggested that the U.S. is on the verge of experiencing its own âBank of Englandâ moment prior to the elections, which could lead to a sharp increase in yields. $BTC $ETH $BNB
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đïžđïžđïžâ Empire Market Admins Charged for $430 Million in Dark Web Deals. The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. âDuring the investigation, federal law enforcement seized cryptocurrency valued at $75 million at the time of the seizures, as well as cash and precious metals,â said U.S. authorities. $BTC $ETH $SOL
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đïžFidelityâs FBTC and Ark Investâs ARKB Among Biggest Losers During Mondayâs Outflow. U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelityâs FBTC continued to lead the outflows with $92 million exiting the fund on June 17. It's down time $USDC
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