Cryptocurrency exchange-traded products (ETPs) experienced another impressive performance last week after US President Donald Trump issued an executive order suggesting the creation of a potential strategic crypto reserve.
Here are the latest updates from the world
Cryptocurrency exchange-traded products (ETPs) experienced another impressive performance last week after US President Donald Trump issued an executive order suggesting the creation of a potential strategic crypto reserve.
According to a report by crypto investment firm CoinShares on Jan. 27, the executive order probably played a role in the recent influx of $1.9 billion into various crypto ETPs during the last trading week.
This is the third straight week of inflows into global crypto ETPs, raising the year-to-date (YTD) total to $4.7 billion.
According to CoinShares, last week's inflows decreased by approximately 13% compared to the previous week, which had $2.2 billion invested.
On Jan. 27, 10 new Bitcoin ATMs were added by Poland which brings the total to 219 active machines and surpassing El Salvador as the fifth-largest cryptocurrency ATM network globally after the US, Canada, Australia and Spain.
According to Bitcoin ATM Radar data, Poland added 24 crypto ATMs in its ongoing four-month-long installation spree that began in October 2024. Numerous other countries, including current leaders Canada, Spain and Australia, continue to see an uptick in local active crypto ATMs month over month.
In October 2022, El Salvador became the third-largest hub for crypto ATMs after installing 215 machines to promote Bitcoin adoption, while the US and Canada lead the global Bitcoin ATM network with thousands of operational machines.
DraftKings, a US sports betting site has reached a settlement with the National Football League Players Association, which accused the platform of failing to pay for using NFL player likenesses featured in non-fungible tokens.
In a Jan. 27 joint letter to New York federal Judge Analisa Torres, DraftKings and the NFLPA said that they had mediated the suit and reached a settlement in principle pending “a definitive settlement agreement.”
A 60-day stay of the suit was requested by the pair — giving them until March 28 to finalize the settlement. The exact details of the settlement were not disclosed.
The final settlement must be signed by Judge Torres, who is known in the crypto community for handling the Securities and Exchange Commission’s lawsuit against Ripple.