Pantera Capital is interested in investing $100 million in seed capital into the Bitwise spot Ethereum (ETH) ETF once the fund is approved for launch.Bitwise’s June 18 S-1 amendment states that Pantera has “expressed interest” in purchasing the stock. Pantera purchases shares from authorized market participants or broker-dealers through at least one affiliated investment fund.If Pantera or its affiliates make a purchase pursuant to an expression of interest, they will not be able to sell those shares through an open market sale for six months. However, shares may be disposed of in a repurchase transaction with an authorized participant.Pantera has…
Author: Crypto Flexs
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Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. WEWE Global helps bridge gaps and create meaningful impact globally through financial inclusion and digital literacy. Financial inclusion and digital literacy: These terms may seem complex, but their impact is simple. Empowers people. WEWE Global understands this, which is why they have made a significant contribution to bridging this gap. Let’s take a look at how WEWE Global is making a difference. Financial Inclusion: Opening Doors to Opportunity Imagine a world where everyone has access to the financial tools…
Azuki, a leading NFT brand, announced Thursday that it has hired veteran entertainment executive Steve Chung as chief operating officer as it seeks to expand beyond digital collectibles.Chung, who has experience working in Hollywood and Silicon Valley, will be tasked with helping grow Azuki’s fan base and revenue opportunities. “In some ways, we live in a post-NFT world,” Jeong said in an interview with The Block. “(But) we have 50,000 amazing characters owned by individuals who are very passionate about that community, and there’s a very clear path to using that as the next vehicle to tell the story.”Popular NFT…
According to an official announcement, leading cryptocurrency exchange OKX announced the listing of USDT margin perpetual futures for the ZRO cryptocurrency, starting June 20, 2024, along with the introduction of ZRO margin trading and Simple Earn.New listing detailsUSDT Margined Perpetual Futures for ZRO will become active on June 20, 2024 at 12:30 PM (UTC). Accordingly, ZRO margin trading and Simple Earn will be activated at 4:00 AM UTC on June 21, 2024.These updates are available across the web and app interfaces, as well as the API. Details are as follows:Margin trading and simple accumulationperpetual futures…
BitMEX co-founder Arthur Hayes is increasing his bullish sentiment on both Dogecoin (DOGE) and Pendle (PENDLE) despite the sudden cryptocurrency decline. Hayes told his 524,900 followers on social media platform “I like this choppy movement on the price drop of this shitcoin. “I’m adding PENDLE and DOGE to my bag.” DOGE is trading at $0.12 at the time of this writing, up more than 2% in the last 24 hours. Meanwhile, PENDLE is trading at $5.65 at the time of this writing, up nearly 13% on the day. Hayes, who is also an advisor to the Pendle project, was recently…
Analysts at research and brokerage firm Bernstein believe Bitcoin (BTC) could reach nearly $200,000 by the end of next year following strong inflows into spot US Bitcoin exchange-traded funds (ETFs) since its approval in January. It was predicted that there would be. This forecast is an upward revision from the previous target of $150,000.Analysts based this forecast on the assumption that spot Bitcoin ETFs could account for approximately 7% of the total Bitcoin circulating supply by the end of 2025.“We believe Bitcoin ETFs are on track for approval by major financial institutions/large private banking platforms in the third quarter,” Bernstein…
I first drafted the Ethereum whitepaper on a cold day in San Francisco in November. This is the culmination of months of thinking and often frustrating work into an area we have come to call “Cryptocurrency 2.0” – in short, the Bitcoin blockchain for more than money. In the months leading up to Ethereum’s development, I had the privilege of working closely with several projects seeking to implement colored coins, smart assets, and various types of decentralized exchanges. At the time, I was intrigued by the enormous potential this technology could bring. This is because we are acutely aware that…
Cardano (ADA) It is one of the tokens that is currently in the spotlight, with many projects achieving good results during the ‘Atcoin season’. Bitcoin’s dominance is cooling off. The token has been rallying in recent days, and one of the reasons for this resurgence has been revealed. Cardano whales are accumulating in post IntoTheBlock, a blockchain analytics platform on the Cumulative 1.89 billion ADA During that period. This represents an investment of more than $600 million. ADA token. Related Reading Interestingly, their decision big holder It appears that this accumulation is already paying off, as most of it is…
Kinetix, an AI-powered DeFi hub, is making waves in the cryptocurrency space. A year after launching its cutting-edge platform and securing high-profile DeFi partnerships, Kinetix recently announced the upcoming launch of its own token, KAI. The project’s initial decentralized offering (IDO) has already shown significant interest and is scheduled to be completed on June 18th, while the official KAI token launch is scheduled for June 20th. Tokens anxiously anticipated with tears before launch Rumors surrounding Kinetix’s KAI token began in early June. The project joined Eclipse Finance, a launch platform for Twitter Space, on June 5 to discuss the KAI…
Bitcoin (BTC) fell victim to large order book players on June 20 as its slow grind above $66,000 evaporated.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders are caught in a new wave of volatility.BTC/USD hit $66,455 on Bitstamp before Wall Street opened, according to data from Cointelegraph Markets Pro and TradingView.This uptrend hardly lasted, however, as a sudden reversal caused the price to fall by $2,000.By analyzing the latest movements, our trading resource important indicators place a firm charge at the whale’s door.“FireCharts shows whales spoofing bids in order book,” FireCharts confirmed to X (formerly Twitter), citing data from one of its…