German banking giant Deutsche Bank AG sees blockchain technology as a means to alleviate margin compression. Deutsche Bank is reportedly testing an unnamed Ethereum-based platform, according to a new report. According to the bank, the platform provides services centered on tokenized funds. Tokenization is the process of representing real-world assets on a blockchain. Citigroup Inc. estimates that the tokenization market, including bonds, real estate and private equity, will reach $5 trillion by 2030. The bank will leverage this platform to provide record-keeping services to help tokenized fund issuers manage investor information. The platform is also interoperable, meaning any fund manager…
Author: Crypto Flexs
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What is CryptoSlate Alpha?A web3 membership designed to provide you with cutting-edge insights and knowledge through the Access Protocol. Learn more >Connected to Alphaillusion! 👋 You are connected to CryptoSlate Alpha. Click the button below to manage your wallet connection.IMPORTANT: You must lock at least 20,000 ACS.If that’s not enough, buy ACS on the following exchanges:Connect via access protocolAccess Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Sign up for access ›disclaimer: By choosing to lock your ACS tokens using CryptoSlate, you acknowledge and agree to be bound by the third-party digital wallet…
In an exciting development for both cryptocurrency and sports enthusiasts, Binance has announced the launch of its latest NFT collection ‘Forever Worldwide: The Road to Saudi Arabia’ featuring soccer legend Cristiano Ronaldo. According to binance.com, this is the fourth collection of Binance’s ongoing NFT partnership with Ronaldo. NFT Collection Information The ‘Forever Worldwide: The Road to Saudi Arabia’ collection includes seven unique NFTs. Each NFT represents a significant position in Cristiano Ronaldo’s illustrious career spanning Madeira, Lisbon, Manchester, Madrid, Turin, Saudi Arabia and Portugal. NFTs are available exclusively on the Binance NFT Marketplace. Collectors will…
A popular cryptocurrency strategist believes that two hot memecoins are racing towards new all-time highs. Pepe (PEPE) has more gas left in the tank after surging more than 140% this month, pseudonymous analyst Bluntz tells his 260,500 followers on social media platform X. Top trader shares charts suggesting PEPE could soar to a new high of $0.000028. “Despite the all-time record, I think PEPE will continue to be the fastest horse for years to come.” Source: Bluntz/X As of this writing, Pepe is worth $0.000016, which represents a 75% upside potential if the memecoin reaches Bluntz’s goal. Next, the analyst…
BlackRock’s IBIT flips Grayscale’s GBTC in Bitcoin ETF holdings. IBIT holdings surged to 288,670 BTC compared to GBTC’s 287,450 BTC. One of the top Bitcoin news headlines today is that BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed Grayscale’s Bitcoin Trust (GBTC) to become the world’s largest Bitcoin exchange-traded fund (ETF). On May 28, inflows into IBIT reached $103 million, while GBTC recorded outflows of $105 million. Overall, the spot Bitcoin ETF market recorded net inflows for 11 consecutive trading days on May 28, totaling over $45 million. IBIT Surpasses GBTC to Become Largest Bitcoin ETF BlackRock’s IBIT recorded inflows of…
Long-term Bitcoin holders have begun re-accumulating for the first time since December 2023 after months of selling, according to Glassnode data.“Just shy of all-time highs, Bitcoin continues to consolidate as long-term holders begin to re-accumulate the coin for the first time since December 2023,” according to a report from the market intelligence firm today.Analysts noted a significant cooling in spending pressure from long-term holders last week as investors returned to accumulation patterns. This suggests that volatility is needed to trigger a new selloff.The report also identified market indicators that suggest a recovery in buy-side demand. Glassnode explained this by saying…
Recent analytical insights from FireCharts 2.0 reveal significant movements by key stakeholders in Bitcoin (often referred to as “whales”) that are influencing the cryptocurrency’s price movements. These stakeholders are changing liquidity patterns in ways that suggest a strategic push toward more tightly controlled trading horizons. What are Bitcoin whales doing? According to Material Indicators, an advanced trading analysis tool, there has been a noticeable adjustment in the distribution of liquidity within the Bitcoin order book. Specifically, at higher price points, sell liquidity decreases and bid liquidity increases from $60,000 to $67,000. These dynamics are set to compress Bitcoin’s price into…
BlackRock’s iShares Bitcoin Trust IBIT has become the largest Bitcoin ETF, surpassing Grayscale, with $19.68 billion in holdings. BlackRock’s Bitcoin ETF takes first place after $102 million inflows appeared first on Crypto Briefing
Development of Ethereum has been progressing increasingly quickly this past month. The release of PoC5 (“proof of concept five”) last month the day before the sale marked an important event for the project, as for the first time we had two clients, one written in C++ and one in Go, perfectly interoperating with each other and processing the same blockchain. Two weeks later, the Python client was also added to the list, and now a Java version is also almost done. Currently, we are in the process of using an initial quantity of funds that we have already withdrawn from…
Binance Launches Weekly Wednesday Profit BenefitsAccording to Binance, the world-renowned cryptocurrency exchange, new limited-time offers will be available every Wednesday under the banner Earn Wednesday. The initiative offers users a variety of investment opportunities across multiple platforms, including Simple Earn, BNB Vault, ETH Stake, and Dual Investment.Popular limited-time productsBinance has launched a variety of flexible and fixed products that are available on a first-come, first-served basis. Users can view their assets by going to Wallet > Earnings. A notable feature is the ability for users to redeem their assets in advance through Simple Earn Locked…