Global

The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock's Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows.

With the crypto market downturn continuing and digital assets continuing to dump, the bull market exuberance seems to have abruptly stopped. The well-known market expert "Cold Blooded Shiller" said on X on April 16 to his 269,000 followers that Bitcoin is "still the cloud that hangs over crypto."

Whales of Ethereum (ETH) have started buying in bulk, with huge wallet holders amassing sizable holdings of the cryptocurrency. This action is a reaction to the recent decrease that most cryptocurrencies had over the weekend, including ETH.

DOT, Polkadot's native token, fell precipitously during the most recent market downturn. Weekly, its price has dropped by 20%, momentarily falling below $6. But during the past few hours, it has begun to rebound, and as of right now, it is trading at about $7, up 7% over the previous day.

The Financial Services Commission of South Africa (FSCA) has granted licenses to 59 bitcoin establishments that want to cater to the local populace. Only 199 of the 493 license applications that the FSCA received were complete, according to reports, leaving 262 pending.

Starting on April 10, Uniswap Labs implemented a new swap fee of 0.25%. On the same day, Hayden Adams, the creator of the company, said that they had received a Wells Notice from the US Securities and Exchange Commission (SEC).

Last week, net withdrawals from US spot bitcoin ETFs occurred, which has only happened twice in the three months since the funds' inception.

The past few days have seen severe losses for the memecoin industry as several well-known memecoins have experienced losses of over 20%. But as at the time of publication, it seemed that things were gradually improving and that sales were increasing.

In the last 24 hours, the price of PEPE has increased by 1%, edging closer to $0.000005576 on a day when the cryptocurrency market has gained 4%.

The value of many assets has been significantly impacted by Iran's retaliatory attack against Israel on Saturday, April 13. This is because it has raised the risk for some vital supply routes, like the Hormuz Strait, and stoked concerns that the ongoing conflict in the region may spread to other countries.

According to information from the Token Unlock app, Arbitrum will conduct a "Cliff Unlock" tomorrow, April 16, 2024, and release new ARB tokens into the cryptocurrency market.

The well-known cryptocurrency tracker Whale Alert announces the discovery of a second whale that, having lain dormant since Satoshi Nakamoto's time, has awoken bearing millions of US dollars' worth of Bitcoin.