Bitcoins value drops significantly Nexus Labs successfully raises funds and other notable cryptocurrency news for the day

Daily cryptocurrency news
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Here are the top crypto headlines of the day handpicked by CoinChapter.com:
Bitcoin and Ether Prices Dip
Bitcoin saw a 2% drop, slipping below $68,000 after reaching recent highs near $72,000. Ether, the second-largest cryptocurrency, also fell below $3,550. The overall crypto market decreased by 1% to 2,370 points.
The decline followed outflows of $64.9 million from U.S.-listed spot Bitcoin ETFs, marking the first outflow since late May.
Institutional Interest in Crypto ETFs
Despite recent inflows, there is talk in the market that institutions are more interested in non-directional basis trades rather than bullish bets.
Asian Markets and Crypto News
Asian equity markets experienced a decline, with Chinese stocks dropping over 1% due to concerns in the property market and reports of potential liquidity reduction by the Bank of Japan. Meanwhile, the U.S. dollar index maintained gains, and U.S. Treasury yields decreased, with the 10-year note yield falling 3 basis points to 4.45%.
Nexus Labs Raises $25M
Nexus Labs, a zero-knowledge cryptography startup, secured $25 million in a Series A funding round co-led by Lightspeed Venture Partners and Pantera Capital. The funding will be used to accelerate the development of Nexus 1.0, a modular zero-knowledge virtual machine focused on performance and security in decentralized applications.
Elon Musk’s Warning to Apple Users
Elon Musk threatened to ban Apple devices at his companies if Apple integrates OpenAI’s ChatGPT into its operating systems, citing security concerns. He criticized Apple for not creating their own AI and accused them of compromising user privacy and security.
Uniswap Labs Appoints New Chief Legal Officer
Uniswap Labs hired Katherine Minarik, a former Coinbase legal executive, as its new chief legal officer. She takes on the role as Uniswap potentially faces legal action from U.S. regulators for allegedly violating securities laws.
Roaring Kitty’s GameStop Losses
Keith Gill, also known as Roaring Kitty, faced over $350 million in losses on his GameStop (GME) position in just four days following a poor earnings report. Despite the losses, Gill maintained a lighthearted attitude, sharing memes and livestreams.