Brevan Howard Digital, the cryptocurrency arm of a global asset management giant, and Galaxy Digital, a cryptocurrency company founded by billionaire Mike Novogratz, have both joined the Crypto Accelerator Alliance. I invested in Alliance’s third fund. Alliance Fund III closed for the first time in February, receiving $20 million worth of commitments from Brevan Howard Digital and Galaxy Digital, according to March 26 Alliance Limited partner meeting slides obtained by The Block. A source with direct knowledge of the matter told The Block that each company has already invested $10 million in the fund, meaning it’s not just a commitment.Fund…
Author: Crypto Flexs
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Spot Bitcoin ETF Demand Cools After March PeakAfter a period of net outflows, the cryptocurrency market has seen a positive shift with net inflows of $862 million last week compared to net outflows of $931 million the previous week. However, enthusiasm for spot Bitcoin exchange-traded funds (ETFs) appears to be waning, with daily trading volume falling 36% to $5.4 billion compared to a peak of $9.5 billion in early March.Bitcoin dominates digital asset flowsBitcoin led digital asset inflows with $863 million, mainly driven by ETF demand. The spot BTC ETF recorded inflows of $1.8 billion, a stark contrast to Grayscale…
Cardano (ADA) shows a slight recovery fired The upcoming Bitcoin halving event is putting the cryptocurrency market in the spotlight and sending funds into the ADA market.The cryptocurrency community is abuzz with speculation about the potential impact of halving on various cryptocurrencies.However, with Cardano’s recent performance gaining attention, many market observers and investors are wondering where ADA will take the price after the halving.Bitcoin halving effectCardano is poised to rebound after the next fourth Bitcoin halving event scheduled for April 19-21. This is the sentiment of some market observers.Bitcoin halving event tendency It generates high interest across the cryptocurrency market…
Bitcoin price is attempting to recover above the $66,500 resistance level. For BTC to continue rising in the near term, the $70,000 resistance needs to be cleared. Bitcoin faces many obstacles near the $69,500 and $70,000 levels. The price is trading above $67,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trend line with resistance at $66,350. If it stays above the $67,000 support zone, it could start a further rise. Bitcoin price recovery Bitcoin price found support near $64,500 and began a…
Theta Labs launches EdgeCloud, a platform providing open source AI models that aims to revolutionize the AI industry by providing developers with access to cutting-edge technologies. Theta Labs is excited to announce the launch of Theta EdgeCloud, a groundbreaking platform supporting a wide range of open source AI models. The team is currently in the final stages of development and working to finalize a set of AI models that can be used at launch. With Theta EdgeCloud, AI developers have the option to select and deploy popular generative AI and large-scale language models. Notable models that will be supported include…
Pin bar candlestick patterns predict price movements and increase profit potential. It comes in four shapes: Hammer, Shooting Star, Inverted Hammer, and Hanging Man. But unpredictable markets require caution. (read more)
Naturally, projects that are unable to compete with larger competitors will try to merge their businesses to remain viable. “The next wave of M&A will likely come from sectors with a high level of fragmentation, such as layer 1 chains, DEXs, DeFi protocols, node operators, and even NFT projects that haven’t broken the top 10,” Aki said. Balogh, co-founder and CEO of DLC.Link
Cryptocurrency exchange developer Ellipsis Labs has raised $20 million in Series A funding led by venture firm Paradigm. Electric Capital also participated in the round, with additional support from Justin Drake and Mike Neuder of the Ethereum Foundation, Sreeram Kannan of EigenLayer, Anatoly Yakovenko of Solana Labs, and Uri Klarman of bloXroute. Ellipsis Labs will use the funds to continue developing its DeFi technology stack. Ellipsis Labs develops Phoenix, Solana’s on-chain order book decentralized exchange. “Ellipsis Labs started building better on-chain liquidity fundamentals 1.5 years ago.” said On social media platform X, Phoenix combines “the efficiency of order books with…
Renowned cryptocurrency analyst Jelle captured the attention of the Bitcoin (BTC) community with the following bold prediction: target The price is $82,000. In particular, despite recent struggles breaking $66,000, Bitcoin is currently hovering around $67,780, showing its resilience despite short-term declines. Will BTC soon hit $82,000? In an X post uploaded earlier today, cryptocurrency analyst Jelle shared his latest views on Bitcoin. Bitcoin target “remains the same: $82,000”, according to the analyst. It is worth noting that Jelle’s prediction is based on his observation of the formation of a “bullish pennant”, a technical pattern that suggests a potential surge in…
One veteran cryptocurrency trader thinks an Ethereum (ETH) competitor will soon attempt a “turbo send.” Anonymous digital asset analyst known as Bluntz share chart With 253,100 followers on social media platform Source: Bluntz/X NEAR is trading at $6.67 at the time of this writing. The 23rd-largest cryptocurrency asset by market capitalization is up nearly 7% in the last 24 hours. Bluntz also described the trio of Solana (SOL)-based ecosystem altcoins, including oracle solution Pyth Network (PYTH), decentralized finance (DeFi) protocol Jito (JTO), and decentralized exchange (DEX) aggregator Jupiter, as a “holy trinity.” “It’s called. (JUP). The analyst says all three…