Invest ideasNews
17 May 2026, 09:35
BlackRock dumped over $650 million of these cryptocurrencies in a week
BlackRock’s cryptocurrency exchange-traded funds ( ETFs ) recorded more than $650 million in combined outflows over the past five trading days, coinciding with weakening sentiment across the market. Specifically, BlackRock’s iShares Bitcoin ( BTC ) Trust (IBIT) accounted for most of the withdrawals, posting total outflows of about $461.2 million between May 11 and May 15. The steepest single-day decline came on May 13, when the fund lost $284.7 million, followed by another $136.2 million in outflows on May 15. Although IBIT briefly rebounded with $144.1 million in inflows on May 14, the overall weekly trend remained negative. Total Bitcoin spot ETF inflows. Source: Coinglass Ethereum ( ETH )-focused products also faced heavy selling pressure during the same period. BlackRock’s ETHA fund recorded cumulative outflows of $186.7 million, while ETHB saw an additional $6 million withdrawn, bringing combined Ethereum ETF outflows to roughly $192.7 million for the week. The largest Ethereum ETF decline occurred on May 12, when ETHA alone posted $102 million in outflows, followed by another $50.4 million withdrawn on May 15. While some Ethereum ETFs, including Fidelity’s FETH and VanEck’s ETHV, posted modest inflows, they failed to offset the broader sector weakness. BlackRock’s combined Bitcoin and Ethereum ETF outflows totaled about $653.9 million over the five days. Total Ethereum spot ETF inflows. Source: Coinglass Wider market crypto ETF outflows The wider cryptocurrency ETF market also experienced heavy redemptions, with spot Bitcoin ETFs recording more than $630 million in outflows on May 13 alone, while Ethereum ETFs posted mostly negative daily flows throughout the week. Despite the pullback, cumulative net inflows since launch remain above $58 billion following strong inflow streaks earlier in May. The withdrawals came amid rising Treasury yields, persistent inflation concerns, and geopolitical tensions that pressured risk assets. Additionally, the outflows came even as U.S. regulators advanced the Digital Asset Market Clarity Act through the Senate Banking Committee in a bipartisan vote on May 14. The bill seeks to clarify crypto oversight by granting the CFTC authority over digital commodities such as Bitcoin while introducing additional consumer protections. Analysts view the legislation as a potential boost for long-term institutional adoption, although recent ETF flows suggest investors remain cautious amid profit-taking and macroeconomic uncertainty. This came as Bitcoin dropped below $80,000, while Ethereum hovered around $2,100 as markets reacted to U.S. economic data and broader risk sentiment. The post BlackRock dumped over $650 million of these cryptocurrencies in a week appeared first on Finbold .
17 May 2026, 09:32
Ripple CTO backs Deaton’s Senate run with XRP donation
🚨 Ripple CTO donated XRP to support Deaton’s Senate run. John Deaton is seeking office with backing from the crypto community. Continue Reading: Ripple CTO backs Deaton’s Senate run with XRP donation The post Ripple CTO backs Deaton’s Senate run with XRP donation appeared first on COINTURK NEWS .
17 May 2026, 09:29
No Shiba Inu (SHIB) Selling? Almost 500 Billion Removed
Market pressure on Shiba Inu is finally easing as holders remove almost 500 billion away from centralized exchanges.
17 May 2026, 09:21
Expert Says XRP Is Poised for a Face-Melting Rally as XRPL Climbs RWA Rankings— Why $10 Is in Focus
XRP community educator X Finance Bull has sparked fresh debate across the market, suggesting that XRP may be on the verge of a face-melting rally as momentum across the XRP Ledger continues to build. Pointing to rising activity and improving rankings in the RWA sector, he argues that the conditions for a major breakout are
17 May 2026, 09:20
A Lawsuit Just Demanded Tether Hand Over $344 Million in Frozen Iranian Funds, Could This Rewrite Stablecoin Law?
Attorney Charles Gerstein filed a claim in Manhattan federal court Thursday seeking to force Tether to transfer 344,149,759 USDT, roughly $344 million, frozen at two Tron wallet addresses designated by OFAC as belonging to Iran’s Islamic Revolutionary Guard Corps. The plaintiffs, are asking the Southern District of New York to compel Tether to zero out the blocked wallets and reissue an equivalent amount of USDT to a wallet controlled by their counsel. The filing is a direct expansion of Gerstein’s earlier litigation targeting frozen funds in the North Korea-linked Arbitrum case and separate claims against Railgun DAO. Legal bid targets Tether: Charles Gerstein asks a federal judge to order transfer of OFAC-frozen USDT tied to Iran's Revolutionary Guard to victims holding unpaid terrorism judgments. Case could test crypto firms' sanctions obligations. #Tether #Sanctions #Iran pic.twitter.com/4ARj6j3XyK — Liquidity Sniper (@Liqui_Sniper) May 15, 2026 Bearish signal for stablecoin issuer confidence. If courts accept this liability theory, Tether’s administrative freeze controls, designed for sanctions compliance, become a litigation target in every jurisdiction where judgment creditors hold unpaid terrorism awards. Discover: The best crypto to diversify your portfolio with How the Liability Theory Works Mechanically, and Why Tether Freeze Function Is the Fulcrum The mechanism here is worth understanding precisely. Unlike bitcoin or ether, USDT includes issuer-level administrative controls: Tether can freeze wallets, blacklist addresses, zero out balances, and reissue tokens to a new destination address. Gerstein’s filing argues that because Tether already immobilized the funds in response to OFAC’s sanctions designation of the two Tron addresses, the company has demonstrated both the technical capability and the practical willingness to act unilaterally on those holdings. The chain of events runs as follows. OFAC designated the two Tron wallet addresses as IRGC property. Tether froze the 344,149,759 USDT held there. Source: Arkham The plaintiffs, holders of billions of dollars in unpaid U.S. court judgments tied to Iranian-backed terrorism, now argue that the frozen USDT constitutes blocked property of a state sponsor of terrorism, making it subject to execution under federal law. The ask is not a seizure of Tether’s own reserves. It is a court order compelling Tether to use controls it has already used, directed at a different destination address. That distinction matters analytically. Tether has already frozen $4.2 billion in USDT across more than 5,000 wallets linked to criminal activity and assisted the DOJ in seizing over $6 million connected to a Southeast Asian fraud scheme. The plaintiffs are arguing Tether is not being asked to do something unprecedented, only to redirect an existing freeze toward judgment creditors rather than leaving the funds in limbo. The legal precedent being constructed here is that administrative control over an asset is functionally equivalent to possession, and that possession creates liability to judgment creditors under the right statutory framework. Discover: The best pre-launch token sales The post A Lawsuit Just Demanded Tether Hand Over $344 Million in Frozen Iranian Funds, Could This Rewrite Stablecoin Law? appeared first on Cryptonews .
17 May 2026, 09:11
Pi Network’s PI Token Suffers Another Setback as Bitcoin (BTC) Calms at $78K: Weekend Watch
After losing over $4,000 since the Thursday evening peak at $82,000, bitcoin has finally calmed at around $78,000 following yesterday’s multi-week low. Most larger-cap alts are quite sluggish on a daily scale, aside from the two largest privacy coins, which have posted impressive rebounds. BTC Settles at $78K It was less than 11 days ago when the primary cryptocurrency spiked to its highest price level in three months at almost $83,000. This meant that it had recovered nearly 40% since its early February low. However, it was quickly stopped there and pushed to $79,000 by that Friday. After a quiet weekend, it rose past $82,400 lat Monday, where it faced another rejection and dipped to $80,000 in the following days. The bears took it a step further on Wednesday, driving the asset south to $78,500. Then came the positive news on the CLARITY Act in the US Senate, and BTC rocketed by several grand to $82,000 once again. That resistance turned out to be too strong , and BTC dipped to $80,500 in hours. The situation worsened on Friday evening and Saturday when the cryptocurrency dumped to a two-week low of $77,600. It has recovered some ground since then and now stands inches above $78,000. Nevertheless, its market cap is down to $1.560 trillion, but its dominance over the alts stands tall above 58% on CG. BTCUSD May 17. Source: TradingView PI Out of Top 50 As mentioned above, there’s not much action on a daily scale from the larger-cap alts. ETH, XRP, SOL, and BNB are slightly in the red, while TRX, ADA, and DOGE have marked insignificant gains. HYPE is up by over 2% daily to $43, while XMR has gained 3% to $390, and ZEC has surged past $515 following a 4.5% increase. Pi Network’s PI token plunged suddenly yesterday and over 8% down on a weekly scale. It has lost a crucial support at $0.165, which some analysts believe opens the door for another drop to new all-time lows. The asset is also out of the top 50 alts by market cap. The total crypto market cap remains below $2.680 trillion on CG after losing more than $100 billion since the Thursday high. Cryptocurrency Market Overview May 17. Source: QuantifyCrypto The post Pi Network’s PI Token Suffers Another Setback as Bitcoin (BTC) Calms at $78K: Weekend Watch appeared first on CryptoPotato .
