Funding • June 28, 2024 1:12 AM EDT Posted 1 minute earlier In ~ The 11 U.S. spot Bitcoin ETFs recorded net inflows of $11.8 million on Thursday, continuing a three-day positive streak. Despite the ongoing inflows, the pace has slowed since Tuesday’s net inflow of $31 million.Bitwise’s BITB led inflows yesterday, attracting $8 million, followed by Fidelity’s FBTC, which reported net inflows of $7 million. data In small value. Franklin Templeton’s spot Bitcoin ETF saw net inflows of $3.6 million, the largest since mid-May. Invesco and Galaxy Digital’s BTCO recorded net inflows of $3 million on Thursday, while Ark…
Author: Crypto Flexs
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Miguel Morel, Founder and CEO of Arkham Intelligence, will be one of the key speakers at Merge Madrid, a prominent event in the crypto space. According to Arkham Intelligence, Morel is expected to discuss the evolving landscape of the crypto market and the future of on-chain intelligence. Focus on the cryptocurrency market As CEO of Arkham Intelligence, a company known for its advanced blockchain analytics, Morel is well-positioned to provide insight into the dynamics of the cryptocurrency market. His session will likely cover the key trends, regulatory challenges, and technological advancements shaping the industry. Attendees…
According to on-chain data, the largest DogwhipHat (WIF) holders are increasing their holdings while other Mimecoin whales are selling. Blockchain tracking firm Lookonchain reported that the largest Dogwipehat holder suddenly bought an additional 2.3 million tokens, bringing their total holdings to over 23 million WIF. “The largest WIF holder used 4.65 million USDC to purchase 2.3 million WIF at $2.03 (June 25)! He currently has 23.39 million WIF ($49.6 million) and has made a profit of ~$83 million on WIF! He is also the one who spent 86,738.1 SOL ($8.65 million) to purchase 17.22 million WIF in one transaction.” Source:…
Diving deeper into cryptocurrencies, New York-based investment management firm VanEck has filed to launch an exchange-traded fund (ETF) that will track the price of Solana’s underlying token. brush +7.32% However, some are skeptical that the current government will approve it.This latest submission indicates: First attempt at launching a SOL ETF in the US While many analysts have said the move was inevitable following the recent approval by the U.S. Securities and Exchange Commission for an Ethereum-based fund, few doubted it would be a success from the get-go. “There is no way this is going to happen. It seems like they…
According to Tezos Spotlight, the next generation of blockchain technology has arrived with the introduction of Tezos X. Developed by Nomadic Labs, Trilitech, and Functori, Tezos X promises a scalable, modular, and cloud-integrated backend for a wide range of applications.From monolithic to modularInitially, Tezos operated as a monolithic blockchain, with each node replicating all network activity. While effective at maintaining decentralization, this model presented significant scalability issues. As network activity increased, so did the demands on computing power and bandwidth, which led to the risk of centralization. To address these issues, Tezos evolved to a…
Bitcoin’s RSI indicated a potential rebound in the altcoin markets, particularly RUNE, RNDR, and ADA. Despite the market lows, technical analysis shows that select altcoins may offer promising investment opportunities. Cryptocurrency markets, especially the altcoin sector, have experienced significant declines since peaking in March with a market capitalization of $1.28 trillion. Recently, as the market capitalization fell below $1 trillion, many investors predicted a bearish phase, making them cautious. Bitcoin RSI says BTFD However, these periods of decline could also be buying opportunities according to key technical analysis by prominent cryptocurrency analysts. Sheldon The Sniper, a well-known figure in the…
As the historic showdown between current President Joe Biden and former President Donald Trump unfolds live, the price of memecoins inspired by both candidates is dropping.According to Coingecko’s PolitiFi token category, a vibrant Mimecoin ecosystem has been built around the two presidential candidates, and the politics-themed token’s market capitalization currently stands at $1.3 billion, expanding 6.7% over the past 24 hours.Several popular Mimecoins inspired by the candidates have seen their value drop significantly in the past hour.that much Ethereum-based MAGA (ticker: Trump) is down 6.4% over the past hour, while MAGA Hat (ticker: MAGA) is down 10.8% over the past…
Hip-hop legend Money B has made a significant entry into the world of NFTs with the release of his new track “Sit Next to Me” featuring Guapdad 4000 on the Gala Music platform. Released as a limited edition NFT, the track marks another milestone in the artist’s illustrious career. Money B’s NFT launch According to Gala News, the album is limited to 100 copies and is available now at Gala Music stores. This rewardable album gives fans a special opportunity to own a piece of hip-hop history while supplies last. Fans can also further connect…
VanEck, one of the first companies to issue a Bitcoin exchange-traded fund (ETF) in the United States, has applied for the new Solana ETF.VanEck’s head of digital asset research, Matthew Siegel, announced on June 27 atSiegel said the new fund, called the VanEck Solana Trust, aims to leverage Solana’s decentralized nature, high utility and economic feasibility. According to executives, the trust is the first to apply for a Solana ETF in the United States.Source: Nate GeraciIn the post, Sigel offered some explanation as to why the company believes SOL is a necessity. He wrote:“We believe that our native token, SOL,…
The exchange-traded fund, which filed its prospectus on Thursday, seeks to provide traders and investors with exposure to Bitcoin and gold without having to purchase both assets.STKD with leverage Bitcoin BTC +1.28% The & Gold ETF from Tidal Investments and Quantify Chaos Advisors aims to provide simultaneous exposure to the performance of: Bitcoin There are also gold and gold futures and ETFs through Bitcoin futures and ETFs.So why would anyone want to invest in two historically uncorrelated assets? According to the SEC preliminary prospectus, the strategy is based on the idea that combining investments in Bitcoin and gold strategies can…