The spot Bitcoin ETF market has been facing a gloomy outlook lately, in tandem with the decline in Bitcoin’s price. Data from BitMEX Research indicates negative netflows for BTC ETFs over the past four trading sessions. This trend is characterized by significant outflows from Grayscale’s GBTC and record low inflows for other leading ETFs like
The Solana community and the broader crypto ecosystem were shocked and appalled by the recent proliferation of inflammatory memecoins on March 22nd. These unknown actors utilized Solana’s token creation feature to introduce thousands of memecoins with racist, antisemitic, and anti-China terminology in their names. These tokens also contained other offensive material, sparking outrage and condemnation
Recently, Bryan Pellegrino, the co-founder and CEO of MidjourneyLayerZero, came forward with serious allegations against Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC). Pellegrino accused Davies of attempting to persuade his firm to transfer its entire treasury in a last-ditch effort before the liquidation of 3AC. According to Pellegrino, Davies promised better
Financial services firm Bernstein’s analysts, Gautam Chhugani and Mahika Sapra, have recently increased their year-end forecast for Bitcoin’s price from $80,000 to $90,000. This adjustment comes after the analysts observed a strong inflow into Spot Bitcoin ETFs and record mining income, both of which have contributed to their positive outlook on BTC’s price performance. The
The cryptocurrency market is constantly evolving, with new meme coins capturing the attention of investors looking for high returns. As the Shiba Inu price stabilizes near $0.26, investors are turning their focus to the latest ICO called Dogwifcat ($DWIFC) in search of significant gains. With Shiba Inu’s market cap reaching $15.59 billion, the emergence of
5thScape, the world’s first virtual and augmented reality cryptocurrency gaming ecosystem, is revolutionizing the way we think about gaming. With the introduction of the $5SCAPE token, investors have access to a range of immersive experiences, including VR games, educational resources, and blockbuster movies. The upcoming title ‘Cage Conquest’ is set to transport players into the
WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, has recently received regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval came in the form of a charter to operate as a limited-purpose trust company under the New York Banking Law. The issuance
XRP has been making waves in the cryptocurrency market recently, with its price rallying from $0.64 to grab the attention of investors. Although it has not yet reached its all-time high of $3.30, some experts believe that XRP may be gearing up for a significant surge. Analysts predict that XRP could soar to new heights
Bitcoin Spot ETF outflows have significantly increased this week, with investors gravitating towards selling off their holdings in response to the prevailing market conditions. The driving force behind these outflows appears to be the perceived high fees associated with the Grayscale Spot ETF, which has been leading the way in terms of fund exodus. This
The recent ruling by the San Diego federal court has brought to light the involvement of Silvergate Bank in aiding fraud at the exchange FTX and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, a federal court judge denied the motion, emphasizing that the bank had a duty
