Bitcoin ETFs: Sell-Off Signals and the Next Halving Hype

1 min read
Source: CoinDesk
Bitcoin ETFs: Sell-Off Signals and the Next Halving Hype
Photo: CoinDesk
TL;DR Summary

Bitcoin faces selling pressure following the debut of spot exchange-traded funds in the U.S., with Binance traders leading the pullback. Hong Kong-based HashKey Group meets its $100 million fundraising target, reaching a valuation of $1.2 billion. Circle reports a surge in remittances flowing through Asia via its USDC stablecoin, highlighting its use beyond speculative trading. The Asia-Pacific region accounts for 29% of global digital currency value received, with remittance transfers being a significant factor.

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