Bitcoin ETFs saw $545 million in daily outflows as BTC neared $70,000, though analysts said most investors were holding positions despite market weakness. Bitcoin exchange-traded funds (ETFs) extended losses on Wednesday amid BTC price approaching the $70,000 mark, adding to mounting pressure across digital asset markets. According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $545 million in outflows on the day, pushing weekly flows into the negative with $255 million in net outflows. Year-to-date, the funds have attracted $3.5 billion in inflows but seen $5.4 billion in redemptions, leaving them net negative by $1.8 billion. Total assets under management stand at $93.5 billion. Read more
A Nevada judge declined to grant regulators’ bid to halt Coinbase’s event contract markets, as the exchange presses a CFTC preemption argument in federal court. A Nevada state court denied regulators’ request for an emergency temporary restraining order (TRO) to immediately halt Coinbase’s new prediction market offering. Instead, the court set a hearing for next week so the exchange can respond, according to Coinbase chief legal officer Paul Grewal. The Nevada Gaming Control Board (NGCB) filed a civil enforcement action in Carson City on Monday, accusing Coinbase of offering unlicensed wagers on sports event contracts and asking for a TRO and preliminary injunction to block the products for Nevada residents. Read more
USDt added $12.4 billion in Q4 to reach a $187.3 billion market cap, increasing users and onchain activity even as rival stablecoins declined after October’s liquidation event. Tether’s dollar-pegged stablecoin USDt expanded to a record $187.3 billion market capitalization in the fourth quarter of 2025, even as the broader crypto market slid following October’s liquidation cascade. According to its latest quarterly report, the USDt (USDT) market cap grew by $12.4 billion in Q4. Data shows that USDt has been widening its dominance while competitors retreated. Read more
Bitcoin selling pressure sparked a retreat below the 2021 bull market high, with lower BTC price targets still expected to be hit. Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over. Key points: Bitcoin tumbles below 2021 highs for the first time since November 2024. Read more
Bitcoin ETFs may be sitting on their “biggest losses” since launching in January 2024, but there is a silver lining, according to an ETF analyst. US-based spot Bitcoin exchange-traded fund (ETF) holders are showing relatively firm conviction despite a four-month Bitcoin downtrend, according to ETF analyst James Seyffart. “The ETFs are still hanging in there pretty good,” Seyffart said in an X post on Wednesday. While Seyffart said that Bitcoin (BTC) ETF holders are facing their “biggest losses” since the US products launched in January 2024 — at a paper loss of around 42% with Bitcoin below $73,000 — he argues the recent outflows pale in comparison to the inflows during the market’s peak. Read more
Bitcoin’s Coinbase Premium Gap has fallen to a yearly low, a move analysts say may reflect weaker relative demand on Coinbase-linked venues tied to institutional trading. The Coinbase Premium Gap, which tracks the price difference between Bitcoin on Coinbase and Binance, has fallen to its lowest level in over a year. An analyst said the move may point to weaker relative demand on Coinbase-linked venues, which are commonly associated with institutional trading. The Coinbase Premium is the price difference between Coinbase’s BTC/USD pair and Binance’s BTC/USDT pair. Read more
The dark web drug market used crypto for payments, but blockchain transaction tracing helped the FBI identify its creator, who was sentenced to 30 years in prison. The creator of Incognito Market, the online black market that used cryptocurrency as its primary payment rail, has been sentenced to 30 years in prison after blockchain transaction analysis cited by US authorities linked him to the platform. The Justice Department said on Wednesday that a Manhattan court gave Rui-Siang Lin three decades behind bars for owning and operating Incognito, which sold $105 million worth of illicit narcotics between its launch in October 2020 and its closure in March 2024. Lin, who pleaded guilty to his role in December 2024, was sentenced for conspiring to distribute narcotics, money laundering, and conspiring to sell misbranded medication. Read more
Some crypto companies have proposed giving community banks a bigger stablecoin role as Senate negotiations stall over the contentious market structure bill. Crypto companies are reportedly floating concessions relating to stablecoin yields in an attempt to unfreeze the delayed crypto market structure bill. The House has advanced crypto market-structure legislation, but negotiations have stalled in the Senate as negotiations continue over whether stablecoin issuers should be allowed to offer yields, with banks arguing that such offerings would compete with and take money away from traditional savings accounts. Anonymous sources told Bloomberg that crypto firms are now proposing measures, such as giving community banks a larger role in the stablecoin system, to help ease the bill through the Senate. Read more