Author: Crypto Flexs

HBAR’s non-profit arm, The Hashgraph Association, has signed a $50 million contract with Qatar. The strategic partnership is centered around building a digital asset studio. Hedera’s distributed ledger chain welcomes more than 133,000 new wallets per week. Hedera Hashgraph (HBAR) is known to make a strong case for adoption through various partnerships established by the blockchain’s parent company. A month ago, HBAR received a powerful boost when BlackRock’s money market fund (MMF) launched on Hedera’s chain. The Hashgraph Association, an independent, non-profit organization, has made great strides in bringing the capabilities of this unique blockchain to a national level through…

The Senate voted 60-38 to overturn the SEC rule. Bipartisan support signals potential changes to cryptocurrency regulation. Presidential veto possible. In a landmark decision, the U.S. Senate voted to overturn a key Securities and Exchange Commission (SEC) rule that bars regulated financial companies from holding Bitcoin and other cryptocurrencies. The bill, known as HJ Res. Bill 109, previously passed by the U.S. House of Representatives with bipartisan support and Senate support, represents a potential shift in the regulatory environment for digital assets in the United States. Bipartisan support for HJ Res. 109 twist The SEC’s decision to overturn Staff Accounting…

Funding • May 16, 2024 12:46 PM EDT Posted 1 minute ago In ~ Bloomberg ETF analyst Eric Balchunas did not mince words in putting into context just how impressive the early performance of BlackRock’s spot Bitcoin ETF has been. BlackRock’s ETF “reported 414 holders in its first 13F season, which is incredible and breaks records,” Balchunas said. Posted in On Thursday. “Even having 20 holders as a newborn is a BFD. It’s very rare.”Over the course of a month and a half, there has been a trickle of 13F filings for financial institutions required to report their holdings as…

Crypto analysts say the high-risk, high-reward thesis for altcoins may be leaning towards the former, as the potential for big gains is now reduced by the weak narrative driving the cryptocurrency market.“The tactical opportunity exists, but the days of 100x returns may already be behind us,” Markus Thielen, head of research at 10xResearch, told Cointelegraph.He warned that despite the market predicting a bull market for altcoins this year, “retail participation remains sluggish and few new projects have emerged to captivate non-crypto traders.”Thielen said that while altcoin bull markets in the past have had “distinct characteristics” of attracting more money, this…

Share this article Vetle Lunde, senior analyst at K33 Research, said spot Bitcoin exchange-traded funds (ETFs) have appeared in the 13F filings of 937 specialty firms in the United States. In contrast, gold ETFs received investments from only 95 specialty firms during the same period, according to data from Bitwise. Although individual investors continue to hold the majority of liquid assets, professional investors accounted for over $11 billion in exposure by the end of the quarter, representing 18.7% of total Bitcoin ETF assets under management (AUM).This trend suggests that larger ETFs are generally more attractive to institutional investors. In particular,…

Blockchain Scalability: From Polkadot to JAM Dr. Gavin Wood, co-founder of Ethereum, has contributed significantly to the development of blockchain technology. His groundbreaking project, Polkadot, aimed to solve scalability, interoperability, and governance issues in the blockchain space. Polkadot’s heterogeneous multi-chain network architecture allows specialized blockchains, known as parachains, to be seamlessly connected to relay chains. This has created a vibrant ecosystem of interconnected blockchains, resulting in a huge leap forward in blockchain scalability. About JAM Now, Gavin Wood is looking to further improve blockchain scalability with his latest project, JAM. JAM, short for Join-Accumulate Machine,…

Special thanks to Andrew Miller for coming up with this attack, and Zack Hess, Vlad Zamfir, and Paul Sztorc for discussion and response. One of the most interesting surprises in cryptoeconomics in recent weeks is Schelling Coin It was conceived by Andrew Miller earlier this month. SchellingCoin and similar systems (including more advanced ones) have always been understood. Truth Coin consensus), which relies on new and hitherto untested cryptoeconomic security assumptions. This means that we can safely rely on people acting honestly in a simultaneous consensus game because they trust everyone else to do so. The issues raised so far…

A closely watched cryptocurrency analyst said the altcoin is setting the stage for a major breakout by July. Pseudonym analyst Rekt Capital says The 467,200 followers on social media platform “There is still time until the second quarter altcoin hype cycle begins. But as we speak, the foundations for the next altcoin rally are being built. A market-wide breakout cannot occur unless the market first experiences a period of slow consolidation.” Source: Rekt Capital/X Next is the analyst Called If Bitcoin follows historical precedent, the top of the cryptocurrency king’s cycle will likely arrive in September or October next year.…

On May 16 at 15:21 UTC, pump.fun, a meme coin creation platform in the Solana (SOL) ecosystem, was exploited. The incident resulted in losses of approximately 12,300 SOL (equivalent to approximately $2 million at current market prices). The attackers manipulated the platform using Margin.fi’s flash loans to acquire SOL and purchase Pump.fun tokens without using their own funds. This recent exploit sent shockwaves through the cryptocurrency community. From insiders to attackers: the Pump.fun security breach The attacker, initially identified with the wallet address 7ihN8QaTfNoDTRTQGULCzbUT3PHwPDTu5Brcu4iT2paP, exploited Pump.fun by purchasing all tokens of new projects launched on the platform within minutes. This…

This week’s 13F filing revealed who is buying spot Bitcoin ETFs and how large their positions are. Bitwise Chief Investment Officer Matt Hougan said that while celebrating the ETF’s success, there is something important the media may be missing. I’m more bullish on the BTC ETF. Hougan reported that 563 professional investment firms collectively own $3.5 billion worth of Bitcoin ETFs. Hougan expects this number to eventually surpass 700 companies, with total assets under management reaching $5 billion.Hougan’s guess was spot on, with the latest data from K33 Research showing that more than 900 companies have disclosed their physical Bitcoin…