Cryptocurrency market news

James Butterfill, Head of Research at CoinShares, stated that over the past two weeks, the total outflow from cryptocurrency ETFs has reached $3.43 billion. Since October last year, the total assets under management in crypto funds have decreased by $73 billion, down to $165.8 billion.

Cassie Craddock, Ripple’s Director of Business Development for the UK and Europe, explained that thanks to the license, the Ripple Payments service and other Ripple blockchain-based corporate solutions will be able to be legally used throughout the European Union.

The leader in capital outflows was BlackRock’s IBIT, the largest Bitcoin fund by assets under management. Investors withdrew $317.81 million from it. This exceeds the combined outflows from the next two largest funds — Fidelity’s FBTC ($168.05 million) and Grayscale’s GBTC ($119.44 million).

The survey was conducted among 619 legal entities engaged in offline and e-commerce, the hospitality industry, luxury goods retail, and digital gaming. Nearly nine out of ten respondents (88%) reported customer requests to enable payment for goods and services using digital assets. More than two thirds of those surveyed (69%) said customers make such requests frequently — at least once a month.

Cryptocurrency tokens pegged to the U.S. dollar could cause an outflow of around $500 billion in deposits from American banks by the end of 2028, Reuters reports, citing calculations by Standard Chartered. This forecast could intensify the confrontation between the banking sector and crypto companies over legislation regulating digital assets.

Bitget has introduced a new withdrawal feature that allows users to instantly convert crypto into fiat and have the funds directly credited to Visa and MasterCard cards.

Tether will legally offer its USDT stablecoin in the United States under a program for foreign issuers in accordance with the GENIUS Act, signed by Donald Trump on Friday.

Bank of England Governor Andrew Bailey has warned about the risks of banks issuing stablecoins, stating that it could lead to money being withdrawn from the banking system.

Bank of America (NYSE:BAC) has named Bitcoin the most profitable currency of 2025, having gained 18.2% year-to-date — outperforming all major fiat currencies.