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Bitcoin Spot ETFs Face Persistent Outflows Amid Market Uncertainty. Bitcoin spot ETFs have recently faced a persistent trend of outflows, which has now lasted for seven consecutive trading days. Specifically, from June 17 to June 21, U.S. Bitcoin exchange-traded funds recorded outflows totaling $544.1 million. This trend showed no signs of abating, as evidenced by an additional $174.5 million in net product outflows on June 24, according to data from Farside Investors. A closer examination reveals that Grayscale's ETF, GBTC, experienced the largest single-day outflow, with investors withdrawing $90.4 million. This was followed by IBIT BlackRock, which saw $35.2 million in outflows. The trend of outflows is not a recent phenomenon. Following the approval of Bitcoin spot ETFs in January, the funds experienced the largest outflows in the subsequent two-week period. During this time, a staggering $1.3 billion was withdrawn from these funds, according to Yahoo Finance. The ongoing outflows from Bitcoin ETFs reflect a broader sentiment among investors, possibly influenced by market volatility, regulatory concerns, or shifting investment strategies. Despite the initial enthusiasm following their approval, these ETFs are currently facing significant challenges in retaining investor interest and capital. $BTC $ETH $SOL #MicroStrategy #BTCETFSPOT Disclaimer: Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.

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During a recent drop in cryptocurrency prices, TRON founder Justin Sun capitalized on the situation by purchasing $4.8 million worth of Ethereum (ETH). On June 24, around 20:00 Moscow time, Sun moved 1,449 ETH from his Binance account to his personal cryptocurrency wallet. The timing of the transaction suggests that he bought the coins when their price was near its lowest point. Following the market correction, Sun realized an unrealized profit of approximately $120,000. According to Spot On Chain analysts, it appears that Sun owns the cryptocurrency. This assumption is based on the fact that shortly before the Ethereum withdrawal from Binance, Justin transferred $89.6 million worth of Tether (USDT) stablecoins to the exchange from his TRON network wallet. Over the past five days, the TRON founder has withdrawn Ethereum from Binance on five separate occasions. In total, he has acquired 15,416 ETH worth $53.6 million on the platform at an average price of $3,474 per ETH. Currently, Ethereum is valued at $3,371, resulting in an unrealized loss of 3% for Sun. $ETH $TRX #ETHETFsApproved #ETH🔥🔥🔥🔥 #TRONNetwork's #trx #JustinSun

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Louisiana Passes Bill to Support Bitcoin, Restrict CBDCs: New Law Ensures Bitcoin Access and Promotes Mining Investments The U.S. state of Louisiana has passed a groundbreaking bill to support Bitcoin, aimed at safeguarding access to the cryptocurrency and restricting the use of central bank digital currencies (CBDCs). Governor Jeff Landry signed the bill into law following bipartisan approval in both the House and Senate. The legislation, introduced by Representative Mark Wright and Senator Jean-Paul Cousins, seeks to facilitate Bitcoin access while imposing limitations on CBDCs. The new law ensures that individuals can securely store Bitcoins and allows businesses to use and accept BTC without legal obstacles. Additionally, the law prohibits Louisiana from accepting CBDC payments and promotes Bitcoin mining in industrial zones, aiming to attract investment and stimulate the state's economy. This move coincides with another state enshrining Bitcoin rights into law. $BTC $ETH $BNB #BTCFOMCWatch #MicroStrategy #CertiKvsKraken #MtGoxJulyRepayments #btcupdates2024

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AI Tokens Surge Despite Nvidia's Market Dip: Fetch.AI and SingularityNET Rise Amid Broad Cryptocurrency Declines. Artificial intelligence-related cryptocurrency tokens have seen significant growth over the past week, even as Nvidia's market capitalization declined by $430 billion. Nvidia, known for producing computer chips crucial for AI models, has experienced an 11.16% drop in its share price over the past five trading days, as reported by Google Finance. In contrast, AI tokens like Fetch.AI (FET) and SingularityNET (AGIX) have surged by 23.46% and 20.83%, respectively, according to CoinMarketCap. This rise is notable against a broader cryptocurrency market downturn, where Bitcoin and Ether fell by 9.17% and 4.23% over the same period. Nvidia's stock decline is partly attributed to significant share sales by its executives, including CEO Jensen Huang, who sold $79.38 million worth of shares since June 13. This insider selling has raised concerns among investors, with research firm Barchart noting that Nvidia insiders have sold over $796 million in shares this year. Despite this, some analysts, like portfolio analyst Oguz O, suggest these sales are pre-planned and not alarming. As of June 24, Nvidia's market cap stands at $2.903 trillion, down nearly 13% from its all-time high of $3.34 trillion. This follows a notable earnings report from February 21, where Nvidia announced $22.1 billion in revenue and $12.3 billion in profit for Q4 2024, marking significant year-over-year growth. Other AI tokens have also seen substantial gains. OpenAI CEO Sam Altman's Worldcoin (WLD) is up 240% for the month, and Arkham Intelligence's ARKM token has risen by 211%. Over the past week, Worldcoin increased by 9.07%, trading at $0.005, while Arkham grew by 16.34%, trading at $1.96. $AGIX $FET $WLD #Fetch_ai #WLD🔥🔥🔥 #SamAltman #agix #Nvidia

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