Bitcoin ETFs Bleed, Metaplanet Reject Allegations: Hodler's Digest
This week's digest covers Bitcoin ETF outflows, Metaplanet CEO denying investor deception, White House stablecoin talks, and developer opinions on Bitcoin's price drop.Summary
The latest Hodler's Digest highlights continued selling pressure on US spot Bitcoin ETFs, which saw $165.8 million in outflows on Thursday, contributing to a weekly loss of $403.9 million and moving closer to a five-week streak of outflows.
In corporate news, Metaplanet CEO Simon Gerovich refuted accusations that the company misled investors regarding its Bitcoin strategy, stating that all purchases, option trades, and borrowings were promptly reported, and critics were misinterpreting financial statements.
Other key developments include the White House meeting with crypto and banking representatives to discuss limiting stablecoin rewards in a pending market structure bill, and Bitcoin developer Matt Corallo dismissing fears of quantum computing as the cause for Bitcoin's recent price drop, arguing that if true, Ether would be soaring.
The digest also notes that Bitcoin ended the week at $68,004, mentions winners and losers among the top 100 cryptocurrencies, shares memorable quotes from industry figures, and features Lyn Alden's prediction that AI stocks peaking could be a catalyst for Bitcoin's next major move.
(Source：Cointelegraph)