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US spot Bitcoin exchange-traded funds recorded their weakest performance in nearly a year, shedding $1.33 billion in net outflows during a shortened four-day trading week, according to data from SoSoValue. Key Takeaways: US spot Bitcoin ETFs logged their weakest week in nearly a year, with $1.33 billion in outflows. Selling peaked midweek, led by heavy […]

GameStop has transferred its entire Bitcoin stash to Coinbase Prime, triggering fresh speculation that the video game retailer may be preparing to unwind its short-lived Bitcoin treasury strategy. Key Takeaways: GameStop moved its entire 4,710 BTC stash to Coinbase Prime, sparking speculation of a potential exit from its Bitcoin treasury. If sold near current prices, […]

Entropy, a decentralized crypto custody startup backed by Andreessen Horowitz (a16z), is winding down and plans to return remaining capital to investors, according to founder and chief executive Tux Pacific. Pacific wrote on X over the weekend, “I am winding-up Entropy.” They added, “After four years, several pivots, and two rounds of layoffs, I’ve decided […]