Cathie Wood’s ARK Invest has sold approximately $200 million of its remaining holdings in the Grayscale Bitcoin Trust.GBTCAccording to Bloomberg Intelligence, $100 million of the proceeds were used to purchase shares of the ProShares Bitcoin Strategy ETF (BITO).ARK Invest became the second-largest holder of the Bitcoin futures ETF with its $100 million purchase of BITO, Bloomberg Intelligence analyst Eric Balchunas tweeted. The asset manager sold 2.25 million shares of GBTC stock and purchased 4.32 million shares of the ProShares Bitcoin Strategy ETF.Balchunas suggested that ARK Invest’s move to BITO “is most likely a liq conversion tool to maintain beta in…
Author: Crypto Flexs
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Participate in a variety of activities at Fairspin within Web3 Quest. Complete tasks, unlock new tasks and earn XP to become a winner! Fairspin is a blockchain casino that guarantees full transparency and fair play. Leverage Trueplay’s solutions to transfer data from the platform to an immutable digital ledger. Once recorded, all transactions and gaming activity can be viewed through Trueplay Explorer, displayed in real time. In addition to ensuring the honesty of results, the added Web3 option takes gaming to a whole new level, making it more immersive and player-centric. Fairspin users can enjoy gamification to the fullest by…
According to a recent report from CryptoQuant, Spot’s potential approval is bitcoin BTC -0.00% ETFs can be a “news selling” event.To support this claim, CryptoQuant analysts pointed to data showing that Bitcoin market participants are now enjoying high unrealized profits after the digital asset rose above $40,000. “Short-term Bitcoin holders have historically experienced unrealized profits as high as 30% prior to price corrections,” the report said.CryptoQuant analysts added that Bitcoin miners are also experiencing high unrealized profits, which may also be contributing to BTC selling pressure. “Miner sales have been increasing over the past few weeks as prices remain above…
Bitcoin is still the dominant force in today’s cryptocurrency market, but it is experiencing notable changes in market dynamics. After reaching this year’s high of $44,700, it has fallen slightly and is now above $42,000 with a small daily increase of 1%. But this calm surface hides a shift as investors begin to look past Bitcoin and Ethereum to the bullish trend of altcoins. Even subtle changes can say a lot. Bitcoin’s strong hold on the market may seem to be loosening as traders explore new cryptocurrency territory. In this context, Uniswap (UNI) and Sui (SUI) are attracting significant attention…
introduction Not Safe For Work (NSFW) AI encompasses a variety of AI technologies, such as stable diffusion, to create an unlimited spectrum of content, including but not limited to adult material. Leveraging machine learning and deep learning algorithms, these tools adeptly create and manage explicit content in various formats such as text, images, video, and interactive chatbots. The emergence and growing popularity of NSFW AI stems from the growing demand for personalized and explicit digital content, especially within the realms of adult entertainment and personal fantasy exploration. These trends highlight the important role of NSFW AI in meeting diverse user…
One cryptocurrency trader says one layer 2 scaling solution still has more upside potential after the big rally. pseudonym trader The Flow Horse says 194,500 followers on social media platform “This is another player who is still recovering from the starting line. OP retests and recovers to annual highs. Take a look at the entire market and see the results for each pair that did this. If you give it room to breathe, it’s likely to go much higher as long as the music continues to play.” Source: The Flow Horse/X Optimism is trading at $3.94 at the time of…
It is worth noting that overall cryptocurrency asset prices have soared this year. Bitcoin (BTC) rose more than 150% to around $43,000, while Ethereum (ETH) doubled to $2,400. This increase has sparked a wave of optimism among investors, highlighted by the rapid rise of projects like Blast.
PancakeSwap presented a proposal to reduce the maximum supply of native CAKE tokens from 750 million to 450 million. One of the unique aspects of the cryptocurrency industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). This allows users to have a say and have their voices heard in the decisions these organizations make. A recent example of this was PancakeSwap, a decentralized cryptocurrency exchange. The DEX recently put forward a proposal to reduce the supply of the popular CAKE token by 300 million units. It was a huge success with the community and was…
Security • December 28, 2023 4:58 AM EST Posted 1 minute ago In ~ Levana, a perpetual swap protocol on the Osmosis blockchain, fell victim to an exploit, resulting in a loss of over $1.1 million from its liquidity pool.According to an after-action report provided by the team, the exploit occurred over a period of 13 days. Between December 13 and December 26, the attackers drained 10% of Levana’s liquidity pool.Attackers used a congestion attack on the Osmosis chain to disrupt the ability of Levana users to interact with the marketplace. This was further exacerbated by a bug in Osmosis’…
Bitzlato halted Bitcoin withdrawals amid legal chaos and co-founder’s guilty plea. Bitzlato experienced a seizure over partial restoration due to DOJ’s claims. Memeinator’s MMTR presale has raised over $2.57 million as Phase 10 nears its end. Shockingly, cryptocurrency exchange Bitzlato has temporarily suspended all Bitcoin withdrawals following its co-founder’s guilty plea and subsequent decision to disband the platform. As the legal battle unfolds, users face uncertainty about the fate of their assets. Meanwhile, in the cryptocurrency space, Memeinator is offering potential alternative investment opportunities through its ongoing MMTR pre-sale, which aims to redefine the Meme Coin market. Bitzlato’s mess: co-founder’s…