Crypto news

Last week, digital asset investment products decided to go on a little vacation with a $414 million net outflow, shattering the four-week streak of inflows like my New Year’s resolution. Total assets under management are now down to $129 billion-lowest since February! Thanks a lot, rising inflation and those sneaky FOMC rate-cut bets that now suggest a hike might be on the horizon quicker than we thought. Remember mid-March? When we saw a whopping $1.06 billion in inflows? Yeah, that’s gone faster than a Netflix series you swore you’d only watch one episode of.

The event kicks off at 10:30 AM Eastern and will be streamed live on the Fed’s YouTube channel because apparently, pyramid schemes are too low‑tech for the Fed. No scripts, just a candid exchange-though traders are already downloading the audio at 3 AM the next day for signs of a rate shift, because if oil is at $114, the world is a lot more unpredictable than a sitcom that never ends.

Welcome to the cosmic circus that is the CoinDesk Indices, where we present our daily market update, featuring the dazzling performance of the crypto world’s glamorous leaders and woeful laggards-like a financial talent show with dubious judges.

Whale Alert (the crypto paparazzi) caught some anonymous wallet transferring 37.25 million XRP to Coinbase. That’s $54 million, folks. Probably just someone trying to cash in before Ripple’s escrow unlock on April 1. Or maybe they’re stocking up for a crypto-themed yacht party. Who knows?

The daily bitcoin chart continues to reflect a market stuck between recovery and fatigue, with BTC hovering in a broader $65,000 to $70,000 band following rejection near the $76,000 region. Lower highs remain intact, suggesting lingering downward pressure despite recent stabilization.

Midas has raised $50 million in a Series A round to expand its push into onchain investment infrastructure. The round was led by RRE and Creandum, with backing from a mix of crypto-native firms and traditional financial investors, including Coinbase Ventures and Franklin Templeton.

Innovation Council Action (ICA)-the brainchild of former Trump aide Taylor Budowich-has launched a $100 million crusade that arrives just in time for the November 8 midterm dance. The plan is simple: hand cash to candidates preferring a light‑touch approach to technology oversight, while simultaneously planting a subtle hint in the minds of lawmakers that AI should be regulated, but only sparingly.

Okay, so after being released from police custody in Thane, I’ve finally heard from Sumit Gupta, the co-founder of CoinDCX. He’s spoken out for the first time about his arrest and the arrest of his fellow co-founder, Neeraj Khandelwal. It’s been a few days since it happened, but this is the first public statement from him about the whole situation.

Meanwhile, the price of Bitcoin, that fickle deity of the crypto cult, remains stubbornly “in the green,” as the acolytes say. A mere mention from the centibillionaire’s lips, and the currency trembles with gratitude. How quaint, this dance of the wealthy and the desperate, where a single tweet can stir the hearts of millions like a factory whistle calling the workers to their stations.

The short-term chart, which may be likened to a hasty sketch drawn by a distracted artist, reveals not only that the price of $BTC has broken through the neckline of the head and shoulders pattern, but also that it has descended beneath the very bottom of the bear flag, thereby losing significant horizontal support in the process-an unfortunate trifecta of failures, if you will.