Bitcoin ETFs Surge: $1B+ Inflows Spark Bullish Momentum, Key Metric to Watch Revealed

Bloomberg's senior ETF analyst Eric Balchunas reports Bitcoin spot ETFs have surpassed $1 billion in net inflows this year, reversing previous outflows. The next key metric is cumulative historical net inflows, which is about $5 billion shy of its all-time high. The analyst highlights that managing outflows during downturns is crucial, and Bitcoin ETFs are outperforming other popular asset classes in this regard.

Read More

Major Japanese Financial Institutions Launch Groundbreaking Digital Government Bond Management Pilot

Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation, and Digital Asset have jointly launched a proof-of-concept experiment for digital collateral management of Japanese Government Bonds (JGBs). Utilizing a distributed ledger network, the pilot tests multi-tiered account transfers under current law, explores 24/7 real-time and cross-border collateral scenarios, and evaluates regulatory needs to boost JGB management efficiency and digital asset utility.

Read More

ByteDance Executive Clarifies Profit Figures: Core Business Remains Strong, Growth Trajectory Intact

ByteDance's Vice President Li Liang addressed recent rumors of a sharp profit decline. He clarified that the figures were calculated under specific accounting standards, including non-operational factors like preferred shares, and do not reflect true operational performance. Excluding these, overall revenue and profit continue to grow, with core e-commerce and new businesses showing positive trends.

Read More