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An altcoin season could take off later this year, driven by the SEC’s expected approval of ETFs for smaller-cap tokens and a rebound in Bitcoin ETF inflows. That’s according to researchers at Bitfinex, who said in research note that such a “rising tide lifts all boats’ environment” is poised for later in the year. Once new crypto ETFs and Bitcoin ETFS start to gain momentum, they are likely to generate sustained demand, the researchers said, adding that this would create the conditions “for a broader re-rating across the digital asset complex.”  That’s as US spot Bitcoin ETFs ended a multi-day outflows streak with $219.1 million inflows on Aug. 25, data from Farside Investors shows. Prior to these positive flows, the funds had posted net daily outflows every day last week. US spot Bitcoin ETF flows (Source: Farside Investors)  The biggest withdrawals for that period happened on Aug. 19, when investors pulled $523.3 mi...

Liquidations have traditionally been used as a gauge of market sentiment and direction, and judging by the Bitcoin (BTC) trades on Bitfinex, traders are feeling the heat of a long squeeze in March 2025. According to the data Finbold retrieved from the crypto lending analytics platform Datamish on March 14, Bitfinex saw a wave of liquidations this month, with long positions taking a devastating hit Specifically, out of the total of 4,226.8 BTC liquidated, 4,196.9 of those were related to long positions, a staggering 99.29%. Picks for you Ripple moves $465 million of March's sell reserve; Will XRP price suffer? 1 hour ago Gold surpasses $3,000 for the first time — What’s next for the commodity? 4 hours ago ...

The Bitfinex crypto hack resulted in the theft of 120,000 Bitcoin Ilya Lichtenstein used a series of sophisticated methods to hide the stolen funds between 2016 and 2022 He told his wife and co-conspirator about the hack in 2020 who then helped him to hide the stolen assets US prosecutors have told a judge that the mastermind behind the Bitfinex exchange hack should receive five years in prison. Ilya Lichtenstein, who pleaded guilty last year after stealing 120,000 Bitcoin, was arrested in 2022. His wife and co-conspirator Heather Morgan was also taken into custody, in connection to the 2016 Bitfinex crypto hack. During their arrest, police seized Bitcoin worth around $71 million at the time of the hack. According to Bloomberg, a court filing was submitted to the US District Court of Columbia, US prosecutors say Lichtenstein should receive a longer sentence than Morgan, also known as rapper Razzlekhan. Last week, federal prosecutors recommended that Morgan...

In an exclusive interview with crypto.news, Paolo Ardoino, chief technology officer at Bitfinex and Tether, provided a fascinating insight into his journey in the cryptocurrency industry, his thoughts on regulation, and the role of bitcoin in the future. Journey into crypto Ardoino, a lifelong developer, got involved in the cryptocurrency industry after discovering bitcoin (BTC) as a potential ledger solution to outdated and bug-ridden financial technology. Beginning his journey with Bitfinex in 2014, he worked on improving their bitcoin trading platform before transitioning to his current role as the CTO of Tether in 2017. This position led to his involvement in expanding various business lines within the company. Ardoino views coding as more than just a technical endeavor; to him, it’s a creative process through which ideas can be brought to life. The cypherpunk ethos and tether’s role During the 2022 PlanB forum in Lugano, Italy, Ardoino, alongside Adam Beck and Ni...