Bitcoin ETPs saw $790 million of inflows last week, a slowdown from the previous three-week average of $1.5 billion, with dynamics shifting in favor of Ether, according to CoinShares. Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin (BTC) and Ether (ETH). Global crypto exchange-traded products (ETPs) recorded $1.04 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historical high just under $19 billion, said CoinShares’ head of research, James Butterfill. Read more
Euro Insol, the composition administrator of Liberty Galati (Sidex), communicated, in a letter addressed to the company and Galati Court of Law, that it decided to unilaterally terminate the contract with the steel producer, with the reason being that Romania tax administration ANAF rejected the restructuring plan, with the risk now emerging of bankruptcy procedures being launched.
Romania’s Finance Ministry on Monday, July 7, launched the seventh edition of this year’s TEZAUR Treasury bills program, with one, 3 and 5-year maturities and annual interest rates of 7%, 7.50% and 7.9%, respectively.
Bitcoin sets another record high weekly close as traders determine where the BTC price tops and bottoms will be. Bitcoin (BTC) was inches away from all-time highs after it sealed another record weekly close. Bitcoin traders are eyeing both a return to price discovery and a “false move” to take liquidity at $105,000. The weekly close sealed July as a month for the record books, with “final resistance” now next on bulls’ to-do list. Read more