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,…
Author: Crypto Flexs
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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…
We are proud to announce that Kraken has been recognized at the annual European Customer Focus Awards (ECCA) for the second year in a row. We won the Customer Insights and Feedback category and were shortlisted in the B2B Customer-Centric Culture and Customer Focus category. Overcoming fierce competition, this second award follows the 2023 ECCA win in the Customer Success category and being a finalist in the Employee Experience category. “We have always viewed customer feedback as a driving force that powers our overall business operations. We know that our customers are truly our best advocates, essential to the continuous…
Margex includes Kaspa deposits and withdrawals along with other existing features – Chainwire housenewsroomMargex includes Kaspa deposits and withdrawals along with other existing features. We use cookies to make Chainwire’s website a better experience. 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. Technical storage or access is necessary for the legitimate…
OpenAI will train AI models based on content from social discussion platform Reddit, the two companies jointly announced on Thursday. Reddit, which describes itself as “an important space for Internet conversation,” said the agreement will expand the scope of OpenAI’s Large Language Model (LLM) corpus and improve user experience.“This partnership will allow Reddit to provide new AI-based features to Reddit users and mods.” OpenAI will “better understand and showcase Reddit content, especially on recent topics,” the company explained.Shares of Reddit (RDDT) briefly surged more than 14% in after-hours trading following the announcement. The company’s shares began trading on the New…
Solana-based memecoin launchpad Pump.fun said a former employee was behind the attack that occurred on Thursday. The incident involved a former employee gaining administrator privileges at Pump.fun and misappropriating approximately 12,300 SOL, worth approximately $1.9 million at the time.“At 15:21 UTC, a former employee used his privileged position at the company to illegally access withdrawal privileges and then used flash loans on the Solana lending protocol.” the platform said in its postmortem. Posted At X. The loan was used to borrow SOL to buy a lot of memecoins until the binding curve reached 100%, which gave the exploiter liquidity to…