All 11 spot Bitcoin ETFs saw inflows for the first time since their launch in January. This dynamic was recorded on May 3, according to Bloomberg analyst Eric Balchunas. But he expressed doubts whether that dynamic would happen again. For the first time, 1D flows in all green and no red in Bitcoin Bunch. I’m not going to skyrocket football like some did during the outflow, but I will point out that over 95% of ETF investors held it during a very unpleasant and persistent recession. The same thing will happen next time… pic.twitter.com/3l3uwwmqGy— Eric Balchunas (@EricBalchunas) May 6, 2024…
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Posted 1 minute ago In ~ Cryptocurrency wallet developer Exodus Movement announced Monday that it has received approval to list its common stock on NYSE American. The shares, under the symbol EXOD, will begin trading on the platform from May 9.“The NYSE American transaction will allow Exodus to increase its presence within the investor community, increase liquidity, and create greater long-term value for our shareholders,” said JP Richardson, Exodus CEO and co-founder.New York Stock ExchangeThe NYSE, formerly known as the American Stock Exchange (AMEX), serves companies with smaller market capitalizations than the NYSE.EXOD is already listed on the OTCQX market,…
The potential increase could preserve holders’ gains of more than 17.34%. A decrease in MVRV Z-score would nullify the bias and allow MATIC to fall to $0.61. According to IntoTheBlock, Polygon (MATIC) was at the point where 216.94 million tokens were purchased from 31,000 addresses at an average price of $0.73. This was breakeven for these holders, but could be critical for MATIC. At press time, 111,724 addresses were profitable, representing 17.34% of total supply. On the other hand, 501,710 addresses were short of money, a whopping 77.85%. Depending on where the Polygon native token moves, the $0.73 area could…
In the recent XRP lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), the agency privately filed a response to relief, signaling significant progress in the relief phase of the case. This phase focuses on determining potential sanctions the fintech company could face if the SEC succeeds in substantiating claims that Ripple conducted unauthorized securities transactions involving the XRP cryptocurrency. Ripple Vs. SEC: Detailed schedule and upcoming events James K. Filan, a former defense attorney who closely monitored the case, said: updated The XRP community responded via This document has not yet been made public. Public revisions will…
Share this article Grayscale Bitcoin Trust (GBTC), Grayscale’s spot Bitcoin exchange-traded fund, recorded net inflows of $3.9 million during Monday’s trading session, according to data from Farside Investors. Leading the charge was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which reported significant inflows of approximately $99 million, surpassing BlackRock’s iShares Bitcoin Trust (IBIT), which saw inflows of approximately $21.5 million.May 6 Spot Bitcoin ETF Report – Farside InvestorsThis is not the first time Fidelity has surpassed BlackRock in daily Bitcoin ETF inflows. The biggest difference was observed last Friday, when FBTC’s inflows exceeded $102 million compared to IBIT’s $13 million.But the…
The next Apple event begins Tuesday at 10 a.m. While the focus is usually on the latest and greatest hardware, investors and consumers alike are hoping to learn more about whether and how the tech giant plans to take it. A bold step in utilizing artificial intelligence.The secretive Cupertino-based company hasn’t telegraphed anything, but a recent leak confirms what the event logo telegraphed when it was first revealed last month, but according to renowned Apple reporter Mark Gurman, the new iPad It is said to be scheduled for release. No doubt new features and apps will be announced to take…
Ethereum price extended its recovery above the $3,120 area. ETH failed to break above the $3,220 resistance level and is currently paring gains. Ethereum rose well above the $3,150 and $3,200 levels before a downward trend took place. The price is trading below $3,120 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $3,120. The pair would need to hold above the $3,020 support to initiate another hike towards $3,220. Ethereum price falls again The price of Ethereum, like Bitcoin, has…
Auckland, New Zealand, May 1, 2024, Chainwire Acala Network is launching a new technology roadmap that lays out the steps needed to provide multi-chain services to users. Acala, the foundational platform of the Polkadot ecosystem, unveils the Sinai upgrade, a significant advancement in its Acala 2.0 initiative that aims to broaden the horizons of the overall crypto-finance landscape. This upgrade is set to strengthen the platform’s multi-chain capabilities, setting a new standard for decentralized finance (DeFi) not only on Polkadot, but across layer 1, 2 or 3 blockchain networks. Multichain integration and improved DeFi accessibility The cornerstone of Sinai’s upgrade…
Mode was developed based on Layer 2 networks. OP -6.055% Stack will begin claiming airdrops for governance tokens today at 7 AM ET.In this initial phase, the mod will distribute 550 million Mod tokens, representing 5.5% of the total 10 billion token supply.The distribution is designed based on the Mode Points held by users, which were initially allocated at the “Mode Sunrise” event in January based on users’ past activity in various DeFi applications, NFTs, and other layer 2 networks.Immediately after the claims are made public, Mode tokens are expected to be listed on various decentralized and centralized exchanges for…
The Gnus.AI artificial intelligence network suffered a loss of approximately $1.27 million due to a token mining attack on May 5. The team announced plans to release a new version of the Genius (GNUS) token and that users should no longer purchase the old version.source: Gnus.AIGnus.AI is a blockchain network that allows users to perform AI computations by exchanging tokens.Related: AI blockchain platforms attracted $5 billion in funding in the first quarter of 2024.According to a May 6 post from blockchain security company CertiK, the attackers performed the exploit in the following way: Acquisition The private key of your team…