Digital asset investment products experienced a significant outflow of funds this week, totaling $55 million, according to the weekly report by CoinShares. Analysts, including James Butterfill, believe the market’s reaction is due to the disappointment from recent media reports indicating a delay by the US Securities & Exchange Commission in approving a US spot-based ETF. The post ETF delay disappointment triggers $55M outflow from digital assets – reports appeared first on CryptoSlate.

FTX Trading Ltd. has filed a revised motion seeking bankruptcy court approval of streamlined procedures to settle small claims against the bankrupt cryptocurrency exchange. In the filing with the U.S. Bankruptcy Court in Delaware, FTX asked Judge John Dorsey to authorize the company to settle claims up to $7 million without needing his approval of The post FTX revises bankruptcy court motion to expedite crypto claim settlements appeared first on CryptoSlate.

Terra’s official website has been reportedly replaced by a phishing site, cautioning a potential threat to the digital assets of its users. According to posts from the official Terra Twitter account, users are urged to refrain from interacting with the terra(dot)money domain until further updates confirming full access are provided. Following the incident, the official The post Terra official website compromised, replaced with phishing site appeared first on CryptoSlate.

Hong Kong’s first licensed retail virtual asset exchange, HashKey, is geared to commence operations on Aug. 28 during a live launch event, marking a significant milestone. This launch brings to the fore the implications of recent regulatory advancements in Hong Kong’s rapidly evolving crypto landscape, arriving on the heels of Hashkey’s upgrade in its Type The post HashKey exchange set to debut retail crypto trading services in Hong Kong on Aug. 28 appeared first on CryptoSlate.

Despite rumors,  there will be no decision today, Aug. 18, Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) over their denial of a spot Bitcoin Exchange-Traded Fund (ETF) conversion, While some had hoped for a decision today, that idea was dispelled by Bloomberg Intelligence Analyst James Seyffart in an Aug. 18 tweet. The potential The post No decision expected today on Grayscale’s challenge to SEC over Bitcoin ETF conversion appeared first on CryptoSlate.