News

Spot Bitcoin ETFs recorded $1.7 billion in net outflows over the past week, extending a four-week outflow streak. BlackRock's IBIT was the largest contributor to redemptions, with Fidelity and Grayscale funds also seeing net outflows. The persistent selling pressure reflects sustained investor withdrawals from the major Bitcoin ETF products.

Arthur Hayes, through his fund Maelstrom, has sold his position in Worldcoin (WLD) shortly after Maelstrom published an AI IPO pitch. The sell-off is part of a broader pattern of Hayes offloading crypto positions, including HYPE, ZEC, and NEAR. No specific price or volume details are provided in the article.

Worldcoin's WLD token dropped approximately 20% after Arthur Hayes sold his position just one day after publicly stating he would continue holding it. The reversal drew significant attention given Hayes's prior bullish commentary on the token. The abrupt sell-off highlights the price sensitivity of WLD to high-profile holder actions and public statements.

TapTools, a Cardano-based analytics platform, announced it will wind down operations following the departure of five executives. The company stated it remains open to acquisition or external investment to keep the platform running. No specific timeline for the shutdown was provided in the announcement.