Summary of the latest cryptocurrency news:
Significant outflow of capital from ETFs: Cryptocurrency ETFs experienced massive outflows amounting to nearly one billion dollars in a single day, with 523 million dollars withdrawn from Bitcoin funds and 430 million dollars from Ethereum funds, indicating a shift in investor sentiment.
Strategic collaboration for TRON: TRON DAO announced a partnership with Kraken and Backed to integrate xStocks, a tokenized equity, on the TRON network. This collaboration makes it easier for investors to access traditional financial assets via blockchain.
Shift in Bit Mining's strategy: Bit Mining Limited revealed its plans to change its name to SOLAI Limited, marking a transition from cryptocurrency mining to focusing on financial infrastructure on the Solana network.
Important risk notice: Trading cryptocurrencies involves high risks and may lead to the loss of a significant portion or all of capital. Investors should conduct their own research and make decisions cautiously, considering that markets can be highly volatile.
Stay tuned for more cryptocurrency news.
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