Nacon Has Filed for Insolvency

Nacon urgently needs to restructure its finances to stay in business. The company explored a court-supervised debt restructuring, but determined it doesn’t have enough assets to repay its debts quickly enough.

Bitcoin ETFs Are Back: $258 Million in 24 Hours Recorded Amid Institutional Market Comeback

On February 24, a miracle happened. Bitcoin spot ETFs saw a net inflow of $258 million, according to SoSoValue (whoever they are). In a day. That’s right, $258 million in just 24 hours. It’s like the institutional market suddenly remembered that it was supposed to be doing things. Fidelity’s FBTC led the charge, contributing a whopping $82 million to the party, with Grayscale ETH barely trailing behind with $11 million. Ethereum ETFs threw in a modest $9 million, like that one friend who always brings chips to the party but pretends it’s enough. And just like that, institutional participation was back – like an old friend who shows up just when you’re about to give up on them.