Author: Crypto Flexs

Inflows into Bitcoin (BTC) investment products surpassed $1 billion last week, bringing total inflows to about $14.6 billion so far this year, according to CoinShares. This surge in investment is primarily due to institutional and long-term investors increasing their exposure to spot Bitcoin ETFs.During the week ending May 24, Bitcoin exchange-traded products (ETPs) recorded inflows of $1.01 billion. Total inflows across all cryptocurrency investment products reached $1.05 billion, setting an all-time record of $14.9 billion so far in 2024.Capital flow in cryptocurrency investment products. Source: CoinSharesCoinShares’ “Weekly Digital Asset Fund Flows” report, released on May 28, highlighted a 28% increase…

Bitcoin dominance remains above 50%. Despite recent market movements, altcoin season has not yet begun. Bitcoin (BTC) has experienced impressive price trends since the beginning of the year, and Ethereum (ETH) has also seen significant gains recently. The current trajectory of ETH and the surge in value of various other assets raises questions about whether altcoin season can get underway. Altcoin season will not take place Typically, when Ethereum starts rallying, it signals the start of altcoin season. But for the season to fully begin, other metrics will need to see significant movement as well. Currently, the altcoin season index…

A key strategy to increase the use of Cambodia’s local currency is to facilitate cross-border transactions in riels, facilitated by the Bakong digital financial system. Cambodia’s central bank is working to encourage more frequent use of the local currency, the riel. It does this using a digital financial system called Bakong. The plan aims to reduce dependence on foreign currencies such as the US dollar and promote the use of the riel within the country’s economy. Bakong: Facilitating Cross-Border Trade in Riel According to Central Bank of Cambodia Governor Chea Serey in an interview with Nikkel Asia, cross-border QR code…

all Latest Market Reports Research firm Kaiko noted how Grayscale’s Spot Ethereum ETF could have a negative impact on the Ethereum (ETH) price. This is based on the company’s expectation that Grayscale’s Ethereum Trust (ETHE) could follow a similar path. Grayscale’s Bitcoin Trust (GBTC). Ethereum could face significant selling pressure due to the Grayscale leak. Kaiko pointed out. Ethereum Once the Spot Ethereum ETF begins trading, it could face significant selling pressure from Grayscale’s ETHE. The reason is that the fund discount deals It has been between 6% and 26% over the last three months and is likely to be…

join us telegram A channel to stay up to date on breaking news coverage With Bitcoin holding above $67,000, the meme coin sector shows a strong bullish trend that will continue into 2024. Meme coins have experienced significant growth in portfolios, indicating that investor attention has shifted towards these altcoins. This optimistic sentiment in the meme coin market is driven by the introduction of new and innovative projects in the space. As long as Bitcoin maintains its current strength, the meme coin sector will benefit from heightened market enthusiasm and increased trading volume. Moreover, the widespread adoption of blockchain technology…

Two memecoins seeking to capitalize on GameStop have experienced price increases following the company’s stock price rise. Cryptocurrencies GME and KITTY surged 18.7% and 55%, respectively, according to cryptocurrency price data from CoinGecko. According to CoinGecko, as of 4:36 PM ET (20:36 UTC) May 28, GME was trading at $0.0047 and KITTY was trading at $0.0035. Memecoin price rose along with GameStop stock, which was trading at $23.78 at 4:19 PM (20:19 UTC) on May 28. According to the NYSE, the company’s stock price is up 25.16% in the last 24 hours. However, neither token has anything to do with…

New Bitcoin hashrate futures, a regulated derivative for hedging and investing in Bitcoin mining, are now available in the United States. The post Luxor and Bitnomial Launch First Bitcoin Mining Derivatives in the US appeared first on Crypto Briefing.

One of the key properties that is usually sought for in a cryptoeconomic algorithm, whether a blockchain consensus algorithm such a proof of work or proof of stake, a reputation system or a trading process for something like data transmission or file storage, is the ideal of incentive-compatibility – the idea that it should be in everyone’s economic interest to honestly follow the protocol. The key underlying assumption in this goal is the idea that people (or more precisely in this case nodes) are “rational” – that is to say, that people have a relatively simple defined set of objectives…

According to a recent announcement on the Binance official website, the cryptocurrency exchange platform launched LISTA Megadrop, the second project of Binance Megadrop. This initiative allows users to participate by subscribing to BNB locked products or completing Web3 quests. The megadrop period starts from 2024-05-30 00:00:00 (UTC) and runs until 2024-06-19 23:59:59 (UTC). Rista Megadrop Period The Lista Megadrop period is set between: 2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC) 2024-06-20 06:00:00 (UTC) Rista Megadrop Details Token Name: LIST Maximum token supply: 1,000,000,000 LISTA Megadrop token reward: 100,000,000 LISTA (10% of maximum token supply) Initial…

A long-term Shiba Inu (SHIB) holder turned a $2,625 investment into more than $1.1 million after patiently holding for over three years. Is this the start of memecoin season?SHIB holders earned over $1 million on a $2,625 investment.Patient Shiba Inu owners earned more than 419 times their initial investment of $2,625 over three years.The competent trader was first discovered by on-chain security company Lookonchain, as shared in an X post on May 27.“After remaining dormant for 3.5 years, Super Diamond Trader finally sold $SHIB at a profit. He bought 48.09 billion $SHIB using 2 $ETH ($2,625) on February 1, 2021,…