By Shika Singh
Bitcoin Investors Pull $333mn From Blackrock IBIT ETF In Record Outflow.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its biggest daily outflow since it launched a year ago, as US trading resumed following the New Year’s Day closure.
BlackRock’s spot Bitcoin exchange-traded fund saw a record outflow of $332.6 million on Jan. 2, according to data from Farside Investors.
It was the biggest outflow since the product launched in January 2024, eclipsing a previous record of $188.7 million on Dec. 24.
The move also marked a third consecutive trading day of outflows for the BTC investment product, another record. Over the past week, IBIT has seen $392.6 million in outflows.
Crypto Brokerage FalconX Acquires Derivatives Startup Arbelos Markets.
Digital asset brokerage FalconX has acquired crypto derivatives platform Arbelos Markets for an undisclosed amount, marking one of the first major crypto acquisition deals of 2025.
FalconX’s co-founder and CEO, Raghu Yarlagadda, confirmed the development in a Jan. 2 X post, following a Bloomberg report.
While details of the deal weren’t shared, an earlier Dec. 31 report from Bloomberg citing people familiar with the matter said the deal was expected to be financed through a combination of FalconX stock and cash.
USDC Market Cap Is Up 80% From 2023 Lows.
The circulating supply of Circle’s United States dollar-backed stablecoin, USD Coin, has risen 80% from cyclical lows as on-chain activity picks up, according to data from Blockworks Research.
As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko.
Meanwhile, holdings are more evenly distributed among blockchain networks as users migrate beyond Ethereum, Blockworks data analytics manager Dan Smith said in a Jan. 2 post on the X platform.
As of Jan. 2, approximately 65% of USDC supplies are on Ethereum, 10% are on Solana, and roughly 15% span Base and Arbitrum—both Ethereum layer 2s—as well as Hyperliquid, a layer 1 for low-latency trading. In 2023, USDC remained heavily concentrated on Ethereum, which held 85% of the stablecoin’s circulating supply, Smith said.
BitFuFu’s Stock Surges 13% After Major Deal with Bitmain.
BitFuFu, a Singapore-based Bitcoin cloud mining firm, announced a game-changing two-year agreement with mining giant Bitmain. The deal involves acquiring up to 80,000 of Bitmain’s latest high-performance S21 XP and S21 Pro miners.
This move aims to enhance BitFuFu’s global mining operations and cloud services, focusing on energy efficiency and cost-effectiveness. Leo Lu, CEO of BitFuFu, emphasized the partnership’s role in expanding the company’s mining capacity to 1 gigawatt by 2026.
Following the announcement, BitFuFu’s Nasdaq-listed shares jumped 13%, trading at $5.60.
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