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Crypto funds post second week of outflows at $1.7B: CoinShares

Crypto funds experienced a second consecutive week of outflows, totaling $1.7 billion, according to CoinShares. This marks the largest outflow since June 2022, with Bitcoin funds alone accounting for $1.3 billion of the total. The outflows are attributed to ongoing regulatory concerns and market volatility. Despite the downturn, some analysts suggest that long-term investor sentiment remains strong. Overall, the trend indicates a cautious approach among investors in the current crypto market environment.

Read the full article: Coin Telegraph

Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Authorities have frozen $3.5 million in cryptocurrency linked to the "SocksEscort" proxy network, which was involved in facilitating cybercrime. The operation was a collaboration between Europol and the U.S. Department of Justice (DOJ), targeting the network that provided anonymous internet access for illicit activities. The crackdown

Optimism Team Lays Off 20 Employees Amid Ethereum Scaling Shifts, Base Migration Plans

The Optimism team has laid off 20 employees as part of a strategic shift in response to changes in Ethereum scaling and plans for migrating its Base layer-2 solution. This decision comes as the company aims to streamline operations and focus on its core objectives. The layoffs represent approximately 10%

Ethereum layer-2 developer OP Labs cuts roles to 'narrow focus'

OP Labs, the developer behind the Ethereum layer-2 scaling solution Optimism, has announced a reduction in its workforce to streamline operations and concentrate on core projects. The company aims to enhance its focus on building essential infrastructure for the Optimism ecosystem. This decision comes amid a broader trend in the

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House

The U.S. Senate has voted to ban Central Bank Digital Currencies (CBDCs) in a housing bill, reflecting concerns over government control of digital currencies. The provision aims to prevent the Federal Reserve from issuing CBDCs that could potentially infringe on individual privacy and financial freedom. However, the bill may

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Authorities Freeze $3.5M in Crypto as Europol, DOJ Disrupt ‘SocksEscort’ Proxy Network

Optimism Team Lays Off 20 Employees Amid Ethereum Scaling Shifts, Base Migration Plans

Ethereum layer-2 developer OP Labs cuts roles to 'narrow focus'

U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House