More than $1.5 billion has flowed out of Grayscale’s high-fee Ethereum Trust, more than offsetting inflows into other spot products.
Author: Crypto Flexs
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Digital asset manager CoinShares says institutional crypto investors will pour record amounts of money into cryptocurrency exchange-traded products (ETPs) in 2024. CoinShares said in its latest Digital Asset Fund Flows report that digital asset investment products reached a record high last week of the year despite a weak week with net inflows of $245 million. “Digital asset investment products saw relatively modest inflows of $245 million last week, but this obscures a mixed picture for a range of digital assets. Volumes rose to $14.8 billion this week, the highest since May, driven by the recent launch of an Ethereum ETF.…
Jack Anderson 29 July 2024 17:50 Mt. Gox marked a significant event in cryptocurrency history when it began distributing bitcoins to its creditors for the first time in over a decade. After more than a decade of legal proceedings, Bitcoin’s long-awaited distribution has finally arrived.BitcoinAccording to Glassnode Insights, the recovery from the Mt. Gox exchange collapse has begun. The incident marks a significant milestone for creditors who have been fighting for compensation since the exchange collapse in 2013. Mt. Gox Distribution Arrived The total volume of recovered coins is over 141,686 BTC, with just…
Bitcoin faced massive selling pressure after Wall Street opened on July 29, with sellers stubbornly resisting a rally to $70,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin fails to hold $70K againA series of distributions have been tracked that have caused the Bitcoin (BTC) price to drop by 4.5%, according to data from Cointelegraph Markets Pro and TradingView.BTC/USD made a slow gain throughout the weekend and the first Asian trading session, but lost momentum as Wall Street rebounded, falling from a high of $70,016 to a low of $66,839 on Bitstamp.The move coincided with the transfer of roughly $2 billion worth of coins…
Bitcoin price has been on an upward trajectory for the past seven weeks. Currently, Bitcoin is trading in various ranges on various cryptocurrency exchanges. One thing to note is that all prices are heading towards $70,000. With that in mind, here is a BTC price review on Polymarket: “What will $BTC price be in July?” Bitcoin closes in on $70,000 Polymarket Betting has become a popular form of wagering, especially with US politics in November. Among the political bets, cryptocurrency traders have been betting on what price BTC will reach in July. There is a $1,167,176 bet expiring on July…
Avalanche prices are likely to rise further in the coming weeks. Higher time frame price charts and liquidity pockets have highlighted potential areas for a trend reversal. Avalanche (AVAX) is starting to reverse the losses it suffered in May and June. Just a week ago, the move above $30 was a signal of bullish intent, and more gains were likely to come. However, the higher time frame trend may not be favorable for long-term investors right now. Fibonacci levels provide clues as to where price may move next and what may follow. AVAX bulls should prepare for profit taking. Source:…
Indian cryptocurrency exchange WazirX is facing a backlash. announce Plan for a “socialized loss strategy” on Saturday, July 18th Security Breach This resulted in a loss of about $230 million, or about 45 percent of the assets.On Saturday post According to X, WazirX co-founder Nischal Shetty outlined two paths the exchange could take following the breach: “Legal proceedings: It takes years and the result is the distribution of the remaining assets. Legal fees pile up and the matter drags on for years. By then, no one gets anything. The result is similar to socializing the loss structure. “Socialize…
Tony Kim 26 Jul 2024 04:14 New enhancements to Meta AI will allow students to get help with their schoolwork through interactive learning via WhatsApp and Messenger. Meta AI has announced significant improvements to its AI-powered learning buddy, FoondaMate, by integrating advanced conversational features powered by Meta Llama. The upgrade aims to support students by providing more interactive and useful responses to schoolwork-related questions on popular messaging platforms WhatsApp and Messenger.Strengthening educational supportOriginally designed to support students on their educational journey, AI learning buddy FoondaMate now benefits from Meta Llama’s sophisticated conversational capabilities. According…
Neiro, a Solana-based developer of Mimecoin, has made $2.85 million by apparently spreading false information.The developer wallet made $2.85 million in profit after generating over 5,169x its initial investment of 3 Solana (SOL) tokens worth $550.According to Lookonchain’s July 28 X post, the developers initially invested in a Solana-based memecoin when deploying the token contract.“He sold $68M Neiro for $15,511 SOL ($2.85M) through multiple wallets, resulting in a realized profit of $15,508 SOL ($2.85M). He also sent $10M Neiro to a dead wallet, leaving $19.5M Neiro ($1.8M), resulting in an unrealized profit of $1.8M!”Neiro/SOL, Developer Wallet Sale. Source: Look on…
According to the National Police’s communications department and local reports, a 29-year-old Bitcoin user was kidnapped and murdered in Kiev, Ukraine, a few hours ago. Four men, aged between 24 and 29, are currently in custody on suspicion of “carefully” planning to kidnap the victim and steal three Bitcoins worth approximately $207,000.“Information about the kidnapping of a man was received by the capital’s police at about midnight. Residents of a house in the Solomyansk district heard screams and saw several unknown people beating the man and forcing him into a car,” the police agency said. wrote in the statement (Translated…