Recent 13F SEC filings reveal that several major US financial institutions are allocating significant funds to Bitcoin through spot ETFs. The filing disclosed the holdings of institutional investors with an allocation of more than $100 million.After the SEC approved several spot Bitcoin ETFs earlier this year, investors have been eagerly awaiting these disclosures. The filing names the State of Wisconsin Investment Board, Wells Fargo, JPMorgan and others.Now, the latest disclosure shows that financial services giant Morgan Stanley has purchased $269.9 million worth of Grayscale GBTC. This makes Morgan Stanley one of the largest institutional holders of GBTC, outside of Susquehanna’s…
Author: Crypto Flexs
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The co-founder of Movement Labs explains that EVM compatibility is driving the rapid growth of Move-based blockchains such as Sui and Aptos. The growth of Move-based blockchains depends on EVM compatibility. The post Movement Labs Co-Founder appeared first on Crypto Briefing.
A widely respected cryptocurrency strategist is warning that Chainlink (LINK) could be on the verge of a major correction. The underlying asset of the leading decentralized oracle network appears to have printed mid-cycle highs, pseudonymous analyst Credible told his 394,500 followers on social media platform X. According to analysts, a deep corrective action is now on the cards for LINK after witnessing massive rallies over the past few months. “I understand that it is normal, natural and healthy to go up for 10 months and then go up 4x and then go down 50-60% for 2-3 months. Moreover, anything deeper…
The surge in popularity of cryptocurrencies has caught everyone’s attention. Many people want to jump in, especially with the 2024 bull market dominating the headlines. This article will show you powerful strategies and the best currency picks to help you build a massive cryptocurrency portfolio by next year. Readers looking to navigate the powerful cryptocurrency market boom will find actionable insights to make informed investment choices. BlastUP pre-sale reaches $6 million, investors hurry to buy $BLP before the end of May The ongoing BlastUP pre-sale is almost complete, having already passed a critical milestone. 6 million dollars It has been…
Bitcoin is expected to trade in a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, Ethereum and everything else, Solana, will be integrated,” he said last week, adding that this means BTC will probably be traded. “Between $55,000 and $75,000, until next situation (…)
Posted 1 minute ago In ~ The excitement around the site 6 months ago bitcoin BTC -0.99% Advances in the Bitcoin ecosystem such as ETFs, Ordinals, and the upcoming halving have pushed the average number of new Bitcoin addresses per share to its highest level since the all-time high in December 2017. But just like in early 2018, six months later, the number of new addresses joining the network has plummeted as enthusiasm for new Bitcoin projects has waned. According to data from The Block, an average of 275,000 addresses were added to the Bitcoin network each day last week,…
Atleta Network Launches First Blockchain Platform Tailored to the Sports Industry, Web 3 Integrated Innovation – Chainwire housenewsroomAtleta Network Launches First Blockchain Platform Tailored for the Sports Industry, Web 3 Integration Innovation We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks.…
great. Just a minor update on what we are and aren’t doing here at Ethereum DEV. First and foremost, we are developing a powerful quasi-Turing complete blockchain. This is known as Ethereum. In addition to being quasi-Turing complete, there are a number of other important considerations that come from the fact that we are developing an entirely new blockchain technology, including: Fast with a block time of 12 seconds; It is light client friendly, using Merkle roots in headers for compact proof of containment/state, and DHT integration that allows light clients to host and share small parts of the overall…
The price of Solana has risen by more than 20% over the past seven days. If the rally resumes, SOL could rise above $180. Solana (SUN) It recovered $175 on May 18, but soon a price correction occurred, causing the token value to fall. Does this mean SOL will fall further in the coming days? To find out, let’s take a look at the current state of SOL. Solana is back at $175. Solana has been a huge success, with the token price rising significantly over the past week. According to CoinMarketCapThe price of SOL has surged more than 20%…
Synthetix’s sUSD depeg situation has once again highlighted the vulnerabilities within the DeFi system and the impact of liquidity changes. Synthetix’s decentralized stablecoin sUSD has seen an unexpected turn of events after falling below its intended $1 peg. The stablecoin issued via the Synthetix DeFi protocol fell as low as $0.92 on Thursday before partially recovering to $0.96. sUSD Depeg due to liquidity issues The incident was initially confirmed by Chaos Labs, the risk manager for the Aave lending protocol. According to their analysis, the depeg was triggered when a major liquidity provider withdrew from the sBTC/wBTC liquidity pool on…