Funding • June 26, 2024 12:39 AM EDT Posted 1 minute ago In ~ U.S. spot Bitcoin exchange-traded funds returned to net inflows on Tuesday, bringing in total inflows of $31 million. This follows seven consecutive trading days of net outflows from 11 Bitcoin funds.Fidelity’s FBTC led net inflows of $49 million on Tuesday, while Bitwise’s BITB reported inflows of $15 million. data From SoSoValue. VanEck’s HODL also recorded a net inflow of $4 million. On the other hand, Grayscale’s GBTC recorded a net outflow of $30.3 million. Ark Invest and 21Shares’ ARKB reported net outflows of $6 million.BlackRock’s IBIT,…
Author: Crypto Flexs
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Bitcoin is Mt. Gox redemption is under pressure, and experts like Alex Thorn highlight the potential impact on Bitcoin Cash. The contrasting redemption strategies of Mt. Gox, Gemini and FTX have raised questions about market stability and investor sentiment. 2024 has been considered one of the luckiest years for Bitcoin (BTC), especially with the launch of the Bitcoin ETF reaching an all-time high of $73,000 and the anticipated Bitcoin halving event. However, as the cryptocurrency community prepares for the full and final approval of a spot Ethereum (ETH) ETF in July, BTC appears to be taking a backseat. In fact,…
Tether Operations Limited, the largest company in the digital asset industry, announced the launch of the 1USD₮ store in collaboration with Uquid, a Web3 e-commerce platform. According to tether.io, this collaboration leverages cutting-edge decentralized finance (De-Fi) technology and blockchain infrastructure to enhance cryptocurrency micropayments and the overall cryptocurrency shopping experience, demonstrating the real-world use of USD₮ in everyday transactions and digital commerce. aims to do so. . 1USD₮ store launched This collaboration, which marks another step in the evolution of digital commerce, will allow users to shop quickly and conveniently by purchasing a wide range…
Cryptocurrency infrastructure company Conduit has raised $37 million in its latest funding round to support the development of new blockchain-based products and services.Haun Ventures and Paradigm co-led the Series A funding round with participation from Robot Ventures, Crediously Neutral, Coinbase Ventures, and Bankless Ventures. Several angel investors also contributed capital to the raise.Conduit plans to use the newly raised funds to launch products to help developers build “customizable and trustworthy” rollups that could lay the foundation for developing new use cases for distributed ledger technology, the company said Tuesday. It was announced on our blog. post.“By making on-chain compute abundant…
The sideways trading market is often a great time to leverage cryptocurrencies and generate passive income. In a recent Cointelegraph video, we analyzed five different crypto-based profit-making strategies and evaluated the pros and cons of each.StakingStaking allows cryptocurrency holders to earn profits by supporting Proof-of-Stake protocols. There are many different approaches to staking. For example, solo staking allows you to maintain complete control over your cryptocurrency, but requires high technical expertise. Conversely, staking-as-a-service allows you to outsource the process to a third party, which is convenient, but introduces the risk of centralization for cryptocurrencies.Cryptocurrency Savings AccountCryptocurrency savings accounts pay interest…
The Hong Kong Institute of Monetary Finance (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), has published two new applied research reports titled “Decentralized Finance: Current Environment and Regulatory Developments” and “Metaverse:” “Opportunities and Challenges for the Financial Services Industry.” Exploring DeFi and the Metaverse This report examines the cutting edge of decentralized finance (DeFi) and the metaverse, providing a comprehensive analysis of their applications within the financial services sector. It provides an overview of the international and Hong Kong-specific regulatory environment, and summarizes the findings of a survey and interviews…
The process for launching a spot Ethereum exchange-traded fund is “progressing smoothly,” U.S. Securities and Exchange Commission Chairman Gary Gensler said on Tuesday.“I don’t know the timing, but we’re on track,” Gensler said at the Bloomberg Invest Summit in New York. SEC Approved Last month, 19b-4 forms were filed for eight Ethereum ETFs. Companies competing for that product still need a registration statement called an S-1 (or S-1). S-3, for grayscale) seeking to convert Ethereum Trust to an ETF will become effective before trading begins.Enterprise contaminated It amended its registration statement last week to disclose additional details about its seed…
BtcTurk cryptocurrency exchange delists Terra Luna Classic (LUNC). Security auditing firm CertiK estimated the financial damage at $90 million. BtcTurk’s unsolicited announcement outraged the LUNC community. Türkiye’s largest cryptocurrency exchange, BtcTurk, suffered a massive cyberattack last weekend. The exchange claimed that one in ten cryptocurrency balances in hot wallets were affected and that LUNC would be delisted. Renowned on-chain detective ZachXBT estimated the total damage at $54.2 million.Hints for further research into missing $90 millionZachXBT counted 1.96 million Avalanche (AVAX) tokens from suspicious cryptocurrency addresses. This address was used to withdraw digital assets from BtcTurk, which were later exchanged for…
Binance announced the addition of a new contract to its futures copy trading platform. According to Binance, users will be able to trade the TONUSDT USDⓈ-M contract starting June 25, 2024. Binance Futures Copy Trading Information Binance Futures Copy Trading allows users to emulate the trading strategies of experienced traders by copying their portfolio in real time. This is especially useful for beginner traders who want to become familiar with the cryptocurrency market and improve their trading skills. By selecting a lead trader and determining the investment amount, the system automatically replicates trades from the…
Bitcoin (BTC) price hit a six-week low on June 24, then less than 24 hours later, buyers drove the price back above $62,000. BTC/USD daily chart. source: TradingViewAnalyzing the current market structure, celebrity trader Jelle admitted that some buyer interest is returning to the lows, with the $60,000 zone acting as support. “If #Bitcoin can maintain higher lows on lower time frames today, I think it could bounce back to $63,500 before the end of the week,” the analyst wrote on x on June 25. “Not only that, Red Monday and Green Week become a reality.”BTC/USD chart. source: gelJelle also…