ETH falls below 2400 USDT

Crypto Exodus: $424 Million Flees as Investors Pivot Amidst U.S. Bitcoin ETF Frenzy

This week witnessed substantial net outflows from crypto investment products, notably from GBTC and BITO, as institutional investors shifted attention to newly approved U.S. spot bitcoin ETFs. Despite a decline in volume after the impressive debut, experts anticipate a clearer view of trading activity in the coming days. The $10 billion trading volume in the first three days indicates significant market interest and surpasses the combined activity of numerous ETFs launched in 2023.

Bittrex Global Shuts Down Post $24 Million Settlement Amid Regulatory Challenges

Bittrex Global, navigating regulatory uncertainty, plans a full operational wind-down, commencing with trading suspension on 4 December.

Arbitrum DAO Considers $24M Fund For Projects That Failed To Meet Funding Requirements

Thus far, an overwhelming number of ARB holders have backed the proposal.

Restaurant Tech Startup Secures $24M in Series A Funding Led by a16z crypto

The round was spearheaded by a16z crypto

Tether Announced USDT Launch on Kava Blockchain

USDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava

Telegram Users Can Now Transfer USDT Through Chats

Multiple Exchanges Delist USDC and USDT on Solana

Exchanges like Binance, BitMEX, and OKX are limiting deposits and withdrawals for Solana’s top stablecoins, without explanation.

Tether: Celsius crisis has no impact on USDT reserves

The USDT stablecoin issuer Tether denies any correlation between its investment in Celsius and its reserves or stability.

Twitch Co-Founder Raises $24M for Web3 Gaming Company Metatheory

The round, led by a Web3-focused VC firm, will fund an upcoming NFT release, comics, and a game slated for launch in late 2022.

Smart money is accumulating ETH even as traders warn of a drop to $2.4K

Short-term analysis sets a $2,400 price target for ETH, but data shows smart money continues to accumulate in anticipation of the Merge.