Finance News – Funds
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Across Protocol token plunges amid allegations of $23M misappropriation by team
The value of ACX has significantly decreased as concerns over potential misuse of $23 million in decentralized organization assets by the development team have impacted investor co...
Read Full Article →Bakkt files to raise $1B with plans to allocate funds to Bitcoin
Bakkt Holdings Inc. intends to generate $1 billion through a securities offering, aiming to utilize the capital for purchasing Bitcoin as outlined in its recent SEC submission.
Read Full Article →Fears over US debt load and inflation ignite exodus from long-term bonds
Concerns about rising national debt and inflation have led to a swift withdrawal from extended-duration bonds, marking the most significant outflow of investment capital since earl...
Read Full Article →Arizona House Clears Bitcoin Reserve Bill Funded by Seized Crypto
The legislation allocates initial funds from confiscated cryptocurrency to support the Attorney General’s office, while distributing the balance between the state treasury and a de...
Read Full Article →Arizona lawmakers advance bill to establish crypto reserve using seized funds
If approved, the new bill would create a digital asset fund utilizing confiscated resources, marking another step in Arizona’s effort to regulate and integrate cryptocurrency withi...
Read Full Article →Two ETFs that have beaten value stock indexes with this simple approach
These investment funds have outperformed traditional value stock benchmarks by avoiding conventional price-based valuation measures, offering an alternative method that may influen...
Read Full Article →The crypto trap that won’t let you sell — and how to avoid it
Some deceptive schemes in the cryptocurrency market restrict investors from liquidating their assets by using complex smart contracts, thereby potentially causing significant finan...
Read Full Article →Bitcoin, Ethereum Funds Pulled in $1.2 Billion Amid Rising Global Tension Last Week
Investors withdrew a total of $1.2 billion from cryptocurrency funds last week, reflecting cautious sentiment as Bitcoin and Ethereum experienced notable market fluctuations and sh...
Read Full Article →Texas Governor Greg Abbott signs strategic Bitcoin reserve bill into law
The new legislation enacted by the Texas governor provides financial protection for the state's Bitcoin reserves by preventing their removal during routine reallocations of governm...
Read Full Article →New York officials secure over $400k in crypto from Facebook ad scam
Authorities in New York have recovered more than $440,000 in cryptocurrency linked to a fraud scheme involving deceptive advertisements, highlighting efforts to combat financial cr...
Read Full Article →Bitdeer Stock Falls as Bitcoin Miner Aims to Raise $330 Million
Bitdeer's efforts to secure $330 million in funding have led to a decline in its stock price, highlighting investor concerns about the company’s financial strategy and growth prosp...
Read Full Article →Israel-linked group hacks Iranian cryptocurrency exchange in $90m heist
A hacking collective associated with Israel reportedly disrupted operations at an Iranian digital asset trading platform, resulting in the loss of approximately $90 million from it...
Read Full Article →'Pro-Israel Hacker Group' Drains, Burns $90 Million From Iranian Bitcoin Exchange
A security expert reported that due to access control weaknesses, the Nobitex platform experienced a significant cyber incident resulting in the unauthorized removal and destructio...
Read Full Article →Solana Policy Institute, Phantom, Orca, and Superstate submit ‘compliant tokenized securities’ frame...
Several blockchain organizations have proposed regulatory guidelines to the SEC aimed at integrating traditional financial instruments into onchain environments while addressing sp...
Read Full Article →DTCC lists VanEck’s proposed spot SOL ETF on list of ‘active and pre-launch’ funds
The inclusion of VanEck’s spot SOL ETF on the DTCC’s active and pre-launch list suggests potential regulatory progress that could impact investor access and market liquidity in the...
Read Full Article →Cathie Wood’s ARK dumps first Circle shares batch for $52M
ARK Investment's recent sale of a portion of its Circle shares, which represent a significant stake across multiple funds, reflects an important adjustment in the portfolio valued...
Read Full Article →ETFs rule for mainstream investors, but you could hurt yourself with these new funds
Triple-leveraged exchange-traded funds are designed for very short-term trading, and holding them longer can lead to significant financial losses due to their rapid daily value flu...
Read Full Article →CoinShares Solana ETF Joins Growing List of Applications for Altcoin-Based Funds
The introduction of a new Solana-focused investment product listed on a major stock exchange highlights increasing investor interest and potential capital inflows into alternative...
Read Full Article →Tether blocks $12.3M in USDT tied to suspicious Tron addresses
Tether has restricted access to more than $12 million in assets linked to questionable Tron accounts, highlighting ongoing efforts to prevent possible illegal transactions and main...
Read Full Article →How Our Favorite ETFs Are Performing Amid Market Volatility
Despite overall market fluctuations negatively impacting many popular ETFs, certain equity funds have demonstrated relative resilience, highlighting key factors that contribute to...
Read Full Article →Thai Police Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case
Authorities apprehended a suspect linked to a cryptocurrency scam involving the loss of over six million dollars, where victims transferred digital assets following a local busines...
Read Full Article →Just 216 Bitcoin holders own over 6 million BTC as market concentration grows
A small group of institutional investors and centralized organizations now controls a substantial portion of Bitcoin’s total supply, highlighting increasing concentration within th...
Read Full Article →The biggest market for AI funds is Europe even as most holdings are American, Morningstar says
European investors represent the largest market for artificial intelligence investment funds, despite the majority of these funds primarily holding companies based in the United St...
Read Full Article →GameStop Stock Falls as Firm Plans $1.75 Billion Raise After Bitcoin Buy
GameStop’s decision to secure an additional $1.75 billion in funding signals a strategic move to support potential cryptocurrency investments and bolster its financial position ami...
Read Full Article →FTX partners with Payoneer to distribute customer refunds
FTX is collaborating with Payoneer to facilitate the return of funds to clients, utilizing the payment platform as a means to manage and streamline the reimbursement process effici...
Read Full Article →Reeves to set out spending plans up to next election
The chancellor’s upcoming budget will outline funding allocations aimed at supporting healthcare, schools, infrastructure development, and various other key sectors through to the...
Read Full Article →Canadian ETFs: More than 30 funds land in May, includes inverse strategies
In May, over 30 new Canadian exchange-traded funds were introduced, expanding investment options with a variety of strategies, including those designed to profit from market declin...
Read Full Article →Ripple commits $5M more toward crypto research in APAC
Ripple has increased its investment in cryptocurrency research across the Asia-Pacific region by an additional $5 million, supplementing the recent $25 million allocated to educati...
Read Full Article →Crypto scammers plead guilty to $37M scheme targeting Americans
Five individuals involved in an international cryptocurrency fraud admitted to illegally obtaining close to $37 million from U.S. citizens and transferring the money overseas.
Read Full Article →Voters reject Reeves’ plans for state power on pension investments
Recent polling indicates that most British voters are against government control over how pension funds are invested, potentially limiting the state's ability to influence economic...
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