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Markets

Record $1 Billion Outflows From US Spot Bitcoin ETFs

US spot bitcoin ETFs have seen daily net inflows of $1 billion, marking the largest single-day outflow ever. Notably, this figure does not include data from Ark Invest’s ARKB fund, which has seen more than $2 billion exit its ETF products in a six-day streak of negative flows.

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Markets

Bernstein Reaffirms $200,000 Bitcoin Price Target, Highlights Buying Opportunity During Market Correction

Bernstein continues to maintain its Bitcoin price target of $200,000 within the next 12 months, arguing that the current market correction is presenting an attractive buying opportunity for strategic investors.

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Deals

Byzantine Finance Raises $3 Million in Pre-Seed Funding

Reset protocol startup Byzantine Finance has raised $3 million in pre-seed funding. The round was led by Node Capital and Blockwall Ventures, with participation from over 30 investors, including Lightshift, Masterkey, Kiln Ventures, and angel investors from EigenLayer, LayerZero, and Ledger.

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