China News by Thebittimes.Com

Institutional demand for Ethereum (ETH) is gaining serious momentum. Yesterday, July 22, Ethereum ETFs experienced one of their largest single-day inflows in two weeks, bringing in $533 million.  Ethereum ETF Flow. Source: FarSide Investors In sharp contrast, Bitcoin ETFs recorded $68 million in outflows, a striking reversal that hints at a potential shift in institutional crypto appetite. This marks one of the biggest day-to-day divergences between the two flagship cryptos since spot Ethereum ETFs launched earlier this year. Some traders are now pointing to this move as a possible signal that ‘altcoin season’ is getting underway. Institutions rush in Fidelity made one of the biggest single-day buys this week, with its Ethereum Fund (FETH) adding 33,788.82 ETH, roughly $124 million, in just one day. The purchase brings Fidelity’s total Ethereum holdings to 629,202 ETH, valued at approximately $2.33 billion at current market prices. But Fidelity isn...

Honduras’ banking regulator the National Banking and Securities Commission, or CNBS, has announced an immediate ban that prohibits institutions from trading crypto. The banking regulator reached the resolution on Monday and cites fraud and money laundering among reasons for the move, Reuters reported. Honduras’ National Banking and Securities Commission, or CNBS, has banned institution s under its regulator y purview from trading crypto currencies. The banking regulator announced the measure this week, Reuters reported on Friday. According to the report, the CNBS’ resolution came into effect immediately, with the Central American country citing use of virtual assets in fraud and money laundering as key risks and the reasons for the ban. In this case, no institution supervised by the regulator can hold, intermediate, trade or invest in crypto tokens or such other unauthorized digital assets. Crypto fraud and money laundering While noting ...