According to CoinShares’ latest “Digital Asset Fund Flows” report released on June 3, digital asset funds have recorded inflows for the fourth week in a row.According to the report, digital asset funds had weekly inflows of $185 million in the last week of May, with monthly inflows totaling $2 billion, bringing capital inflows to over $15 billion so far this year.The largest share of weekly inflows came from the United States, accounting for $130 million of last week’s inflows. The report also found that existing issuer outflows in the US amounted to $260 million.Weekly inflows were led by Bitcoin (BTC),…
Author: Crypto Flexs
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Decentralization, n. The security assumption that a nineteen year old in Hangzhou and someone who is maybe in the UK, and maybe not, have not yet decided to collude with each other. There has been a large amount of ruckus in the past week about the issue of mining centralization in the Bitcoin network. We saw a single mining pool, GHash.io, amass over 45% hashpower for many hours, and at one point even grow to become 51% of the entire network. The entire front page of the Bitcoin reddit was ablaze in intense discussion and a rare clash of complacency…
Bitcoin miner Bitfarms has released its latest monthly production data, which highlights the effect of Bitcoin halving on the company’s revenue and raises concerns about industry consolidation.In its monthly update, Bitfarms revealed that it acquired 156 BTC in May. This is a 42% decrease from the previous month and a 66% decrease from the previous year. Of those proceeds, 136 BTC were sold for total proceeds of $8.9 million (down from $16.1 million in April) as part of the company’s regular financial management process. Bitfarm’s total BTC holdings in treasury increased to 850 BTC, equivalent to $57.2 million, based on…
pepe It is on an impressive upward trajectory, showing significant bullish momentum that is capturing the attention of traders and investors alike. This continued upward trend suggests strong confidence and increasing optimism in the market. PEPE’s outlook. As cryptocurrency prices continue to rise, market analysts are closely monitoring key indicators and trends to gauge how long this bullish phase could last and what potential heights PEPE could reach. In this analysis, we will take a closer look at PEPE’s price outlook with the help of some technical indicators. At the time of writing, PEPE was trading at around $0.00001531, up…
Web3 founders are facing unprecedented challenges, especially considering the recent crackdown on cryptocurrencies in the United States. The $4 billion settlement with Binance and legal action against its CEO highlight heightened regulatory scrutiny in the cryptocurrency market. This crackdown reflects the need for Web3 startups to adjust their strategies to effectively navigate the regulatory environment. Regulation improves investor confidence. The US regulatory environment for cryptocurrencies is becoming increasingly stringent. Regulators emphasize compliance with financial regulations, anti-money laundering (AML) standards and customer protection mechanisms. “The $4 billion settlement with Binance and legal action against its CEO marks a significant moment for…
IBM has released new recommendations for cloud-based laptop environments for Qiskit users. According to the IBM Quantum Computing Blog, the company has approved OVHcloud and qBraid as preferred providers for those looking to use Qiskit over the cloud. The new recommendations align with IBM’s strategic shift. The announcement follows IBM’s recent closure of the IBM Quantum Lab and signals a broader strategic shift toward utility-scale quantum computing. This move aims to support the continued growth of the Qiskit ecosystem by providing users with a convenient, cloud-based Jupyter environment with Qiskit pre-installed. Getting started with OVHcloud…
June 3 Bitfinex Alpha | BTC enters accumulation period Post time: 13:23h On Bitfinex Alpha Maria Lobusova subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe After Bitcoin hit an all-time high of $73,666 in March, long-term holders (LTHs) sold significant amounts of BTC, increasing supply and leading to a period of price correction and consolidation. It appears that we are now nearing the end of this revision phase. Over the past two weeks, Bitcoin ETFs have seen a resurgence in demand, recording net inflows of $136 million per day, more than four times the daily selling…
Bitcoin (BTC) has entered an accumulation phase after significant price correction and consolidation, according to Bitfinex Alpha. After reaching a new all-time high of $73,666 in March, long-term holders (LTHs) offloaded significant amounts of BTC, increasing supply and resulting in a price correction. Market Dynamics and Bitcoin ETFs Demand for Bitcoin ETFs has grown again in recent weeks, with net inflows averaging $136 million per day, well above the $32 million daily selling pressure from miners following the halving. Exchange holdings of Bitcoin are decreasing while new accumulation addresses are increasing. LTH, which had previously…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportGameStop stock price Monday pre-market trading surges After the return of Roaring Kitty, the bull trader, on Sunday night. And while price momentum has cooled since trading began, the hype has led to a significant surge in the price of the unofficial GME meme coin. Solana.GME tokens are 150% increase in the last 24 hours alone, the current price has surged to around $0.01 as of this writing. It jumped…
Company • June 3, 2024 12:30 PM EDT Posted 1 minute ago In ~ Gryphon Digital Mining announced its inclusion in the Russell Microcap Index, effective July 1.The 100% renewable cryptocurrency mining company said the move would enable growth and improve its visibility and attractiveness to institutional investors and funds.“Our inclusion in the Russell Microcap Index highlights the rapid progress we believe Gryphon has made in the capital markets, which includes continuing to achieve high operating efficiencies and maintaining lower-than-average mining costs while running our Bitcoin mining operations. “It reflects our commitment to expansion.” Gryphon CEO Rob Chang said:The company,…