BTC Spot ETF Experiences $242.6 Million Net Outflow
According to Trader T, on the 16th (local time), the US Bitcoin spot ETF saw a net outflow of $170.77 million (approximately 242.6 billion won). This marks a return to net outflow just two days after switching to net inflow. Fidelity's FBTC experienced a net outflow of $113.8 million, while Ark Investment's ARKB saw a net outflow of $113.25 million. In contrast, BlackRock's IBIT and Bitwise's BITB saw net inflows of $30.99 million and $12.81 million, respectively.
$1.26 Billion BTC Unstaked from Babylon
Look On Chain reported that 14,929 BTC was unstaked from the Bitcoin staking protocol Babylon (BABY) 5 hours ago, amounting to $1.26 billion.
24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Scale
The recent 24-hour cryptocurrency perpetual futures forced liquidation scale and liquidation ratio are as follows:
BTC Liquidation Scale: $64.43 million, Liquidation Ratio: Long 57.47%
ETH Liquidation Scale: $53.63 million, Liquidation Ratio: Long 66.63%
AERGO Liquidation Scale: $32.56 million, Liquidation Ratio: Short 61.15%
North Carolina Passes Bill Allowing Pension BTC Investment
According to Cointelegraph, the North Carolina House Pension and Retirement Committee passed the Digital Asset Reserves Bill (HB 92). The bill allows the state government's public funds to invest in digital assets such as Bitcoin.
Financial Authorities Report Market Manipulation Suspects to Prosecutors
Yonhap News reported that the Financial Services Commission and Financial Supervisory Service have reported suspects who allegedly manipulated specific virtual asset prices to prosecutors. The investigation found that these individuals used methods known as 'horse racing' and 'pump and dump' on multiple assets at a specific cryptocurrency exchange during the third and fourth quarters of last year. The prices of the manipulated virtual assets sometimes surged up to 10 times higher compared to other exchanges.
Shinhan Investment Securities and Solana Foundation Sign Strategic MOU
Shinhan Investment Securities announced a strategic business agreement (MOU) with the Solana Foundation, a global blockchain institution, to expand the digital asset ecosystem. The collaboration includes innovation in capital markets through token securities (STO) and real-world asset tokenization, custody infrastructure development, joint research on stablecoin-based online and offline payment systems, and sharing global policy and regulatory strategies.
Galaxy Digital Deposits Additional $19.02 Million ETH to Coinbase
Spot On Chain reported that an estimated Galaxy Digital address deposited 12,181 ETH ($19.02 million) to Coinbase 8 hours ago. The same address has deposited a total of 49,681 ETH ($79.36 million) over the past 5 days.
Financial Services Commission Emphasizes Stablecoin Regulatory Framework
The Financial Services Commission emphasized that it will proceed without delay in establishing a stablecoin regulatory framework. According to Chosun Ilbo, the FSC stated that the government discussed the 'stablecoin regulatory approach' as a primary task when announcing the review direction for virtual asset law's second-stage legislation, and plans to review the detailed plan through an inter-agency task force by the second half of this year.
Former SEC Chairman: "Altcoins Won't Last Long"
Former SEC Chairman Gary Gensler stated, "While BTC might survive, other cryptocurrencies may not." In a CNBC interview, he predicted that while many financial assets are influenced by fundamentals and market sentiment, cryptocurrencies are almost entirely driven by speculative psychology. He believes BTC might survive due to significant investor interest, but altcoins lack fundamentals and may not have a good ending.
Financial Services Commission: "No One-Sided Outflow of Dollar Stablecoins"
Digital Asset reported that the Financial Services Commission stated it is difficult to view dollar stablecoins as causing a one-sided overseas outflow. The FSC explained that from November 2024 to February 2025, the domestic inflow of dollar stablecoins was 35.3 trillion won, while the outflow was also 35.3 trillion won, indicating similar scales.
Populars: "Ethereum Crisis Due to Foundation Leadership Division"
Global cryptocurrency research firm Populars, in a recent report on 'Ethereum's crisis caused by leadership confusion and cultural stagnation,' stated that while factors like L2 ecosystem and liquidity fragmentation and weakening of the ultrasound money narrative contribute, the fundamental cause of Ethereum's downturn is the internal culture of user and builder alienation and foundation leadership division.
Galaxy Ventures Fund Exceeds $150 Million Fundraising Goal
Bloomberg reported that Galaxy Ventures' 'Galaxy Ventures Fund I LP' has exceeded its $150 million fundraising goal. The fund primarily focuses on early-stage startups and investments in payment and stablecoin sectors, currently raising between $175-180 million.
AERGO Drops to 200 Won Range on Upbit
AERGO's price on Upbit dropped to 205 won. After reaching a high of 950 won at 5 PM on the 16th, it began declining around 7:30 PM the same day, currently down 67.57%.
Altcoin Season Index Remains at 15
CoinMarketCap's 'Altcoin Season Index' remained unchanged at 15 from the previous day. The index is calculated by comparing price fluctuations between the top 100 coins (excluding stablecoins and wrapped coins) and Bitcoin.
FTT Ranks First in Binance's Second Delisting Vote
In Binance's second delisting vote, FTT ranked first with 11.1%. ZEC and JASMY tied for second place, while GPS and PDA took third and fourth positions.
Argo Selects BitGo as Custody Provider
Aergo (AERGO) announced through its official X that it has selected Bitgo as its official custody provider. According to this, AERGO Token will now be able to be monitored and accounted for.
sUSD depegging intensifies...$0.8142
The depegging of Synthetix (SNX) based stablecoin sUSD is deepening. According to CoinMarketCap, sUSD is trading at $0.8142.
Abraxis Capital withdraws $93.47 million BTC from exchanges
LookOnChain reported that addresses related to London asset management firm Abraxis Capital withdrew 1,107 BTC ($93.47 million) from Kraken and Binance.
Sky says "supporting ecosystem projects through agent framework"
Sky (formerly MakerDAO) stated through X that "the Sky Agent Framework disclosed in March supports initial operating funds, liquidity networks, and plug-and-play infrastructure for ecosystem projects".
Crypto.com COO discusses cryptocurrency cooperation with Dubai Deputy Prime Minister
Crypto.com's Chief Operating Officer Eric Anziani met with Dubai Deputy Prime Minister and Minister of Finance Maktoum Mohammed to discuss mutual cooperation in cryptocurrency and advanced technology.
World Liberty Financial transfers 333,333 USDC to 4 addresses
OnChainLens reported that the estimated address of Trump family's DeFi project World Liberty Financial (WLFI) transferred 333,333 USDC to 4 addresses.
US Court halts SEC-State Attorneys General cryptocurrency regulation lawsuit
The US Court permitted the halting of a lawsuit filed by 18 state attorneys general against the Securities and Exchange Commission (SEC).
Quantum computing research firm offers 1 BTC for decrypting BTC within a year
Quantum computing research firm Project Eleven announced it will provide 1 BTC to anyone who can decrypt Bitcoin's code within a year.
Bithumb and Coinone designate ZK as a trading caution item
Bithumb and Coinone announced through their official websites that they are designating ZK Sync (ZK) as a trading caution item.
Analysis: "ETH in undervalued realized price band... potential buying opportunity"
Cryptocurrency analyst abramchart, through a CryptoQuant contribution, reported that Ethereum's (ETH) realized price band is near the undervalued area, potentially creating a buying opportunity.
Analysis: "Bitcoin ETF stabilizes BTC price"
An analysis suggests that Bitcoin ETF is playing a role in stabilizing BTC price.
Crypto 'Fear & Greed Index' at 30... fear continues
The 'Fear & Greed Index' from cryptocurrency data provider Alternative recorded 30, up 1 point from the previous day.
Bank of Korea maintains policy rate
The Bank of Korea maintained its policy rate at 2.75%.
Coinness Market Briefing on April 17th
As of 9 AM on April 17th, Bitcoin is trading at $84,030, up 0.46%. Among TOP100 coins by market cap, the 24-hour TOP3 risers are CORE (+14.16%), FARTCOIN (+10.93%), and RAY (+10.15%).
Gold spot price breaks $3,350 for the first time
Gold spot price has surpassed $3,350 for the first time. Currently, the gold price per ounce is recording $3,353.34.
