The Bitmine address received 20,205 ETH from Coinbase and FalconX, worth approximately $69.89 million.

The post Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth. appeared on BitcoinEthereumNews.com. SPONSORED POST* As the cryptocurrency market continues its recovery, Ethereum has once again become the center of attention for investors. Recently, the well-known crypto mining platform LgMining predicted that Ethereum may surpass its previous all-time high and surge past $5,000. In light of this rare market opportunity, choosing a high-efficiency, secure, and low-cost mining platform has become the top priority for many investors. With its cutting-edge hardware, intelligent technology, and low-cost renewable energy advantages, LgMining Cloud Mining is rapidly emerging as a leader in the cloud mining industry. Ethereum: The Driving Force of the Crypto Market Ethereum is not only the second-largest cryptocurrency by market capitalization but also the backbone of the blockchain smart contract ecosystem. From DeFi (Decentralized Finance) to NFTs (Non-Fungible Tokens) and the broader Web3.0 infrastructure, most innovations are built on Ethereum. This widespread utility gives Ethereum tremendous growth potential. With the upcoming scalability upgrades, the Ethereum network is expected to offer improved performance and transaction speed—likely triggering a fresh wave of market enthusiasm. According to the LgMining research team, Ethereum’s share among institutional and retail investors continues to grow. Combined with shifting monetary policies and global economic uncertainties, Ethereum is expected to break past its previous high of over $4,000 and aim for $5,000 or more in the coming months. LgMining Cloud Mining: Unlocking a Low-Barrier Path to Wealth Traditional crypto mining often requires expensive mining rigs, stable electricity, and complex maintenance—making it inaccessible for the average person. LgMining Cloud Mining breaks down these barriers, allowing anyone to easily participate in mining Ethereum and Bitcoin without owning hardware. LgMining builds its robust and efficient mining infrastructure around three core advantages: 1. High-End Equipment LgMining uses top-tier mining hardware with exceptional computing power and reliability. The platform’s ASIC and GPU miners are carefully selected and tested to…

TLDR: Coinbase CEO Brian Armstrong spent days in DC urging lawmakers to pass crypto market structure legislation with bipartisan support. Armstrong called on crypto users to sign up for Stand With Crypto to be alerted when to contact representatives. He stressed the law would secure U.S. innovation, protect consumers, and prevent future regulatory overreach. His [...] The post Coinbase CEO Pushes Congress on Crypto Bill as Support Builds in Washington appeared first on Blockonomi.

BitcoinWorld Spot Bitcoin ETFs Struggle as BlackRock Outflows Trigger Alarming Sixth Day of Withdrawals Are spot Bitcoin ETFs facing a crisis of confidence? Recent data reveals a troubling pattern of net outflows, with BlackRock’s IBIT accelerating withdrawals to $374.44 million. This marks the sixth consecutive day of negative movement, raising questions about institutional sentiment toward cryptocurrency investments. Why Are Spot Bitcoin ETFs Experiencing Sustained Outflows? The current trend in spot Bitcoin ETFs shows clear division among major players. While BlackRock’s substantial withdrawals drive the overall negative flow, other funds demonstrate continued investor interest. The total net outflows reached $135.94 million on November 5, according to Trader T data, creating concern about short-term market stability. Which Spot Bitcoin ETFs Defied the Negative Trend? Despite the overall outflow pattern, five spot Bitcoin ETFs recorded positive movement. The leaders included: Fidelity’s FBTC with $113.30 million inflows Ark Invest’s ARKB with $82.94 million Bitwise’s BITB with $16.97 million Grayscale’s Mini BTC with $21.61 million VanEck’s HODL with $3.68 million This mixed performance suggests that while some investors are pulling back, others see current conditions as buying opportunities. What Does BlackRock’s Spot Bitcoin ETF Activity Reveal? BlackRock’s IBIT has shown concerning withdrawal patterns over recent months. The current $374.44 million outflow follows earlier withdrawals of $90.48 million on June 29 and $187.84 million on July 3. This consistent pattern indicates potential institutional repositioning rather than temporary market fluctuation. How Should Investors Approach Spot Bitcoin ETFs Now? The divergence among spot Bitcoin ETFs presents both challenges and opportunities. Investors should monitor: Flow patterns across different providers Market sentiment indicators beyond ETF flows Long-term potential versus short-term volatility The current situation with spot Bitcoin ETFs reflects the natural ebb and flow of cryptocurrency markets, where periods of consolidation often follow significant movements. What’s Next for Spot Bitcoin ETFs? The future of spot Bitcoin ETFs depends on multiple factors including regulatory developments, market conditions, and institutional adoption patterns. While current outflows raise short-term concerns, the fundamental case for Bitcoin exposure through regulated vehicles remains strong for many portfolio strategies. The ongoing story of spot Bitcoin ETFs demonstrates the evolving nature of cryptocurrency adoption. As institutional players navigate this space, investors should maintain perspective about both risks and opportunities in this dynamic market segment. Frequently Asked Questions What are spot Bitcoin ETFs? Spot Bitcoin ETFs are exchange-traded funds that directly hold Bitcoin, allowing investors to gain exposure to Bitcoin’s price movements without holding the cryptocurrency directly. Why are spot Bitcoin ETFs experiencing outflows? Outflows can occur due to various factors including profit-taking, market uncertainty, portfolio rebalancing, or changing risk appetite among institutional investors. Should I be concerned about spot Bitcoin ETF outflows? While sustained outflows warrant attention, they represent normal market dynamics. Many investors view price corrections as potential entry points for long-term positions. Which spot Bitcoin ETFs are performing well currently? Fidelity’s FBTC and Ark Invest’s ARKB have shown strong inflow numbers despite the overall negative trend in the spot Bitcoin ETF category. How do spot Bitcoin ETF flows affect Bitcoin prices? Significant flows can impact short-term price movements, but Bitcoin’s long-term value depends on broader adoption, technological developments, and macroeconomic factors. Are spot Bitcoin ETFs a good long-term investment? Like any investment, spot Bitcoin ETFs carry risks and require careful consideration of your financial goals, risk tolerance, and investment timeline. Found this analysis of spot Bitcoin ETFs helpful? Share this article with fellow investors on social media to spread awareness about current market trends and investment opportunities. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Spot Bitcoin ETFs Struggle as BlackRock Outflows Trigger Alarming Sixth Day of Withdrawals first appeared on BitcoinWorld.