The Solana exchange-traded product (ETP) was the least preferred trading product for institutional investors, with the largest outflows while the largest inflows into cryptocurrency funds. Asset manager CoinShares said in its weekly report on digital asset funds published on August 12 that crypto asset investment products saw a total of $30 million in small-scale inflows in the week ending August 16.Source: CoinSharesAccording to the report, the Solana (SOL) fund felt the impact of the market correction the hardest, experiencing $39 million in outflows from August 12 to August 16. This withdrawal was the “largest on record” for the Solana ETP.…
Author: Crypto Flexs
Read More
A prominent cryptocurrency analyst says that a competitor to Dogecoin (DOGE) could potentially mimic the same parabolic pattern that BNB printed earlier this year. Anonymous trader Immortal told his 214,000 followers on social media platform X that the mimecoin FLOKI could replicate BNB’s moves in early 2024. The trader predicts that FLOKI has a chance to move more than 160%. “Similar structure. BNB vs FLOKI.” Source: Inmortal/X Looking at the trader’s chart, it seems he is predicting that FLOKI will rally to $0.0003. At the time of writing, FLOKI is worth $0.000114. Immortal said FLOKI’s recent sponsorship deal with English…
The U.S. spot Bitcoin exchange-traded fund (ETF) recorded a daily net inflow of $61.98 million on Monday, out of a total daily volume of $779.87 million. This was the lowest daily volume since February 6 and the third-lowest daily volume overall.According to SoSoValue data, yesterday’s volume was significantly down from the daily volume of $5.24 billion on August 6.“We expect volume to remain low as sentiment remains subdued after the massive selloff a few weeks ago,” Augustine Fan, director of insights at SOFA.org, told The Block. “It’s also worth noting that investors should be awaiting further signals from the Federal…
The Bank of Ghana has published draft regulations aimed at creating a framework for the cryptocurrency industry. The regulations are designed to protect consumers, prevent financial crime, and promote financial inclusion. Virtual Asset Service Providers (VASPs) must register and meet strict criteria, and commercial banks are prohibited from directly dealing with virtual assets.
Imagine turning a modest $1,000 investment into a million-dollar fortune by 2026. Sounds too good to be true? The world of AI cryptocurrencies holds such enticing promises. Find out which digital coins are poised for massive growth. It gives you a rare opportunity to participate in the next big thing in the crypto market. CYBRO Strengthens DeFi Investments with Smart AI Solutions Against Market Headwinds CYBRO is revolutionizing the DeFi landscape. The power of artificial intelligence Maximize your earning potential on the Blast blockchain. Although still in its early stages, this groundbreaking project has already captured the imagination of cryptocurrency…
Wang Long Chai 20 Aug 2024 04:47 Ethereum ETFs have faced significant outflows due to aggressive market activity and macroeconomic factors, and have underperformed Bitcoin ETFs. Ethereum (ETH) continues to lag behind Bitcoin (BTC) as exchange-traded funds (ETFs) struggle with significant outflows. Aggressive selling by major market makers such as Jump Trading has exacerbated the situation, causing ETH prices to drop by as much as 40% as of early August, according to Bitfinex Alpha. The ETH/BTC rate has also plummeted to its lowest level in 1,200 days. Challenges Facing Ethereum ETFs Despite positive inflows…
As buying interest grew and prices rose, tonne trading volumes surged by 154%. Analysts expect the price to soar to $10. The recent price action of Toncoin (TON) has analysts eyeing a major rally. Ton is enjoying a strong upward movement, and analysts are predicting continued gains. For example, cryptocurrency analyst Vlad Hriniv predicts a surge to a new all-time high of $10. In his analysis shared via X Page, he notes: “The altcoin is trading at $7.06 and has seen a surge in volume. The continuation of the altcoin’s uptrend could target $7.60 and $8, after which a rally…
Bitcoin (BTC) rose 4.3% between August 16 and August 18, but after failing to hold above $60,000, it reversed course. The price corrected to $58,500, and both the S&P 500 index futures and gold approached all-time highs on August 19. This suggests that the move is entirely cryptocurrency-related. However, it would be premature to attribute Bitcoin’s recent weakness to a single event, as the price struggled to close above $63,000 throughout August.Strong macroeconomic data is not favorable for Bitcoin price.Some analysts suggest that the recent weakness in Bitcoin is due to the unwinding of the carry trade in Japan due…
Company • August 19, 2024 10:10 PM EDT Posted 1 minute earlier ~ in Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 57,273 bitcoins worth about 500 million yen ($3.4 million), continuing its accumulation of the world’s largest cryptocurrency.Tokyo listed company disclosed name The latest purchase is said to be part of a plan announced on August 8. Secured a loan of 1 billion yen (6.8 million dollars) To buy more Bitcoin. “With this purchase, we have completed the purchase of 1 billion yen worth of Bitcoin,” the company said. According to the statement, this…
Safe Smart Accounts is the most audited and battle-tested smart contract on Ethereum, protecting over $100 billion in assets. Safe Social Recovery Module is a subcomponent of the wallet that allows you to recover access to your wallet if your wallet keys are lost. Safe was first implemented on Ackee Blockchain to conduct a security review of the Safe Social Recovery Module. Candid This is a two-day engineering schedule from June 6 to June 14, 2024. methodology We started our review using static analysis tools. Stay awake. Then we dug deep into the logic of the contract. We used the…