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Michigan Advances Bill to Allow Up to 10% Crypto Holdings in State Funds
Michigan Advances Bill to Allow Up to 10% Crypto Holdings in State Funds

Michigan’s House Bill 4087 proposes establishing a cryptocurrency reserve using up to 10% of select state funds to help stabilize revenue and employment during economic recessions.

Coinspeaker·2025/09/18 16:00
Pi Coin Price Prediction: New ‘Protocol v23’ Upgrade Goes Live – 100x Move?
Pi Coin Price Prediction: New ‘Protocol v23’ Upgrade Goes Live – 100x Move?

Pi Coin is back in the spotlight following the rollout of Protocol v23 on its testnet, an upgrade that aligns the project with Stellar Core Version 23.0.1.

Coinspeaker·2025/09/18 16:00
Grayscale’s GDLC Becomes First Multi-Asset Crypto ETF to Launch in US
Grayscale’s GDLC Becomes First Multi-Asset Crypto ETF to Launch in US

Grayscale has launched GDLC, the first multi-asset crypto ETP in the US, offering diversified exposure to Bitcoin, Ethereum, and other large caps.

Coinspeaker·2025/09/18 16:00
Will Pi Coin Price Recover Soon as Pi Network Brings Fast Track KYC?
Will Pi Coin Price Recover Soon as Pi Network Brings Fast Track KYC?

Pi Network’s Fast Track KYC feature is powered by AI, enabling early verification and mainnet wallet activation, and could soon trigger a Pi coin price rally.

Coinspeaker·2025/09/18 16:00
Sky opens vote to penalize stragglers delaying MKR-to-SKY token conversion
Sky opens vote to penalize stragglers delaying MKR-to-SKY token conversion

Quick Take Sky (formerly MakerDAO) opened a governance vote to set a 1% “Delayed Upgrade Penalty” on MKR-to-SKY conversions. If approved, the fee begins Sept. 22, and it increases by one percentage point every three months, but upgrades before the deadline are exempt. The penalty is part of Sky’s Endgame overhaul to retire MKR and make SKY the sole governance token.

The Block·2025/09/18 16:00
Flash
23:10
Spot gold opens higher at $4,548 per ounce, approaching a new high
Spot gold opened higher on Monday and is currently quoted at $4,548 per ounce, approaching a historical high.
19:51
Institutions Exit During Christmas Holiday, Spot Bitcoin ETF Sees Net Outflow of $782 Million
BlockBeats News, December 29 — Data shows that during Christmas week, US-listed spot bitcoin ETFs experienced large-scale capital outflows, with a cumulative net outflow of approximately $782 million. Among them, Friday saw a single-day net outflow of $276 million, marking the peak outflow during the holiday period. Specifically, BlackRock IBIT had a single-day outflow of nearly $193 million, Fidelity FBTC saw an outflow of about $74 million, and Grayscale GBTC continued its modest but persistent redemptions. As a result, the total assets under management of spot bitcoin ETFs dropped to around $113.5 billion, lower than the more than $120 billion seen earlier in December. It is worth noting that despite the capital outflows, the price of bitcoin has remained around $87,000, indicating that this round of withdrawals is more likely due to year-end asset rebalancing and reduced holiday liquidity, rather than market panic. Analysis points out that this marks the sixth consecutive trading day of net outflows for spot bitcoin ETFs, with cumulative outflows exceeding $1.1 billion, making it the longest outflow cycle since this autumn. However, institutional sources believe that holiday outflows are not uncommon, and as trading resumes in January, institutional funds may flow back in, making ETF capital trends more meaningful at that time.
19:50
Christmas Holiday Exodus Sees Spot Bitcoin ETF Outflows of $782 Million
BlockBeats News, December 29th, data shows that during the Christmas period, the listed U.S. spot Bitcoin ETF experienced large-scale fund outflows, with a cumulative net outflow of approximately $782 million. Among them, the single-day net outflow on Friday reached $276 million, the peak of outflows during the holiday season. Specifically, BlackRock's BITO saw a single-day outflow of nearly $193 million, Fidelity's FBTC saw an outflow of about $74 million, and Grayscale's GBTC saw a slight but continuous fund redemption. As a result, the total assets under management of Bitcoin spot ETFs dropped to around $113.5 billion, below the $120 billion mark earlier in December. It is worth noting that despite the fund outflows, the Bitcoin price still held around $87,000, indicating that this fund withdrawal was more likely due to year-end asset rebalancing and reduced holiday liquidity rather than market panic. Analysis points out that this is the sixth consecutive trading day of net outflows for the spot Bitcoin ETF, with total outflows exceeding $1.1 billion, marking the longest outflow period since the fall. However, institutional professionals believe that holiday outflows are not uncommon, and as trading resumes in January, institutional funds may flow back, making the ETF fund flow direction more significant.
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