MATIC has been removed from Grayscale’s GSCPxE fund. The decision could be a result of a month-long downtrend in altcoins on the charts. Grayscale Investments has announced adjustments to its fund composition after Q2 2024. Grayscale Investments is the world’s largest cryptocurrency asset manager and manages a variety of components, including GSCPxE, OTCOX: GDLC, and OTCQB: DEFG. After Q2 review, it has updated the fund composition weightings for all products. CSIMarket announced the development on the X official page, reporting: “Grayscale Investments Rebalances Crypto Fund to Meet Investor Diversification Needs: $GBTC Grayscale Investments Announces Q2 2024 Crypto Fund Rebalancing.” According…
Author: Crypto Flexs
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LayerZero (ZRO) is currently experiencing strong bullish momentum and is headed towards new all-time highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities. As ZRO continues to gain traction, technical indicators suggest that this momentum could push prices to unprecedented levels. Traders and investors are closely monitoring this move in anticipation of additional profits and strategic opportunities as LayerZero heads towards new market highs.Advertising This article provides an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. This article examines the current price performance…
People • July 6, 2024 3:43 PM EDT Posted 1 minute earlier In ~ Tron Trex +2.10% Founder Justin Sun has announced plans to build a stablecoin that users can transfer back and forth on X without paying gas fees. Instead, according to Sun, gas fees would be “… borne entirely by the stablecoin itself.” According to Sun’s post, the stablecoin will first launch on the Tron blockchain and eventually expand to all blockchains compatible with Ethereum and the Ethereum Virtual Machine (EVM). “We expect to launch this service in Q4 of this year. I believe that similar services will…
Main Content The 7.5% increase in Layer 3 airdrops supports the vision of a scalable omnichain infrastructure. Layer3 uses the new funding to expand its team and operations, targeting growth in the APAC region. Share this article Layer3, a community-driven initiative focused on building an omnichain infrastructure for distribution, identity, and incentives, has adjusted its token economics and increased its initial airdrop to 7.5% of the total supply, Layer3 Foundation shared in a recent post on X. We’ve made two major changes to fit the scale of Layer3’s vision. • Total supply of L3: 3,333,333,333.• The initial airdrop will increase…
Chiliz (CHZ), a sports and entertainment blockchain leader, has announced a strategic integration with PUML Better Health, a platform specializing in gamified health and wellness. According to Chiliz, the collaboration aims to bring the Move to Earn and Fan Health initiatives to the Chiliz community. Key Features of Partnership PUML Better Health is an Australian-based platform that gamifies health and wellness by allowing users to connect their wearables and claim their daily steps. Users are rewarded with the platform’s in-app game coin, PUML, which can be redeemed monthly for the native token $PUMLx. This token…
The US Federal Court has handed the cryptocurrency industry another important victory, ruling that secondary sales of cryptocurrencies and BNB tokens do not constitute securities.According to Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia, the secondary sale of cryptocurrencies and BNB (BNB) does not constitute a securities offering.In a significant victory for Binance.US, the judge dismissed several claims brought by the U.S. Securities and Exchange Commission, according to a July 2 announcement from Binance. “The court ruled that the SEC failed to argue that the purchasers in the secondary market sale acquired the BNB…
Bitcoin mining difficulty fell more than 5% on July 5, hitting a quarterly low of 79.50 terahashes (79.5T). This marked the largest drop since March, when difficulty briefly dipped below 80T. Difficulty spiked between March and May, reaching an all-time high of 88.10T, before slowly declining to levels seen at the time of this article’s publication.Mining DifficultyBitcoin mining difficulty is a measure of hashrate, which is essentially how many guesses a mining machine has to make before it solves the cryptographic puzzle needed to unlock one of the remaining bitcoins. The hash rate is updated every 2,016 blocks, which takes…
According to Binance, the leading cryptocurrency exchange has successfully completed the token merge of Ocean Protocol (OCEAN) and SingularityNET (AGIX), resulting in Fetch.ai (FET). The merge is part of a new initiative under the project name Artificial Superintelligence Alliance. Token Merge Details Deposits and withdrawals for the newly merged FET tokens are now open. Binance has also provided a conversion function that allows users to exchange OCEAN and AGIX tokens for FET tokens. The conversion rate is set as follows: 1 ocean = 0.433226 FET 1 AGIX = 0.433350 completed It is important to note…
The ambitious Polkadot (DOT) multi-chain network has been a huge success so far, but it’s becoming clear that it will soon need an upgrade to meet the expectations of modern users. This is where Polkadot 2.0 comes in. It is an improved version of Polkadot 1.0 that aims to revamp key areas of the ecosystem to create a platform that is bigger, faster, and easier for users to enjoy. Given that Polkadot’s “next evolution” will have a major impact on how the platform operates and the rules it will follow, it wouldn’t be a bad idea for current or future…
Despite Bitcoin’s price dropping to as low as $54,000 in recent days, down about 25% from its March high of over $73,000, spot Bitcoin ETFs saw their biggest inflows in a month on July 5, amassing a total of $143 million. Four of the top 11 Bitcoin ETFs saw inflows, with total inflows exceeding $3,000. Bitcoin +2.12% That’s roughly $172 million at current prices, with around 80% of that amount going into Fidelity’s FBTC fund. ETF products from Bitwise (BITB), Ark 21Shares (ARKB), and VanEck (HODL) attracted the rest of the inflows, while Grayscale’s GBTC saw an outflow of 500…