With over $10 billion in inflows in less than two months, the Spot Bitcoin ETF is already considered the most successful product launch in ETF history, drawing widespread mainstream attention to the exciting cryptocurrency asset class. With a supply limit of 21 million tokens, it is easy to understand the description of Bitcoin as “digital gold” or a store of value. Now investors are asking, “What’s next?”
Author: Crypto Flexs
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Fuzzles, first created by EndlessAI, are now returning to the NFT realm. Gala announced that it will acquire intellectual property rights from EndlessAI. This starts the development process on your end. Fuzzles hit the market through Gala Store on April 27, 2022. EndlessAI has recognized the collection as an AI NFT companion. The community loved the collection. Members expressed their excitement about having AI NFTs. adorable alien creature She showed off her best appearance. However, EndlessAI’s development process gradually declined and NFT collections showed slow progress. The community took on the task of bringing NFT collections back to life. They…
Cardano’s price had an impressive start to March, but this momentum has slowed over the past few days. The ADA is now threatened by potential adjustments that could wipe out many of its recently stated gains. But what if the third-generation cryptocurrency validates this bullish pattern starting in December? Cardano price is approaching The price of Cardano has risen more than 13% in the past week, trading at $0.72 at the time of writing. However, it is having difficulty maintaining this rally as it is below the local support level of $0.72. This level should turn into support for ADA…
Who doesn’t love furry little balls of fur that wreak adorable havoc in our lives? From naughty kittens to playful puppies, our pets bring joy and laughter to our homes. In this article, we take a look at 10 fuzzball moments that will make you smile, laugh, and maybe even cry (and happy tears, of course). Cat chasing its tail in a circle dog trying to catch its own shadow Puppy falling asleep in the middle of playtime Kitten trapped in a cardboard box Rabbit zooming in the living room Guinea pig happily eating popcorn Parrot imitating its owner’s laughter…
Despite price volatility, Bitcoin is seeing a surge in trading volume thanks to ETFs. Both long and short liquidations can trigger large movements in price in the future. Despite the massive fluctuations in Bitcoin (BTC) price, overall interest in BTC has remained high. BTC’s surge in liquidity demonstrated growing interest in the currency. Looking at the current status of ETFs According to recent data, approximately $1 billion worth of Bitcoin ETF trading volume has been seen each week since its launch, totaling $8.11 billion. Bitcoin experienced a 15% peak-to-trough retracement this week, marking its second biggest decline since the ETF…
Uniswap Labs, the developer of Uniswap, one of the leading decentralized exchanges (DEXs), said the number of users utilizing its platform on Optimism and Base has more than doubled in the past year. More swapping occurs in fundamentals and optimism Optimism and Base, popular layer 2 scaling solutions for Ethereum, offer distinct advantages to traders. When exchanging tokens on Uniswap deployed on one of these platforms, traders can benefit from significantly lower transaction fees. Uniswap Lab report There has been a noticeable surge in swappers on Optimism and Base. Over the past year, that number has doubled from 124,970 in…
South Korea asks Interpol for helpSouth Korea is stepping up efforts to extradite Terraform Labs CEO Kwon Do-do to face legal charges in the country. This comes after a successful appeal against extradition from Montenegro to the United States, shifting the focus to South Korea’s claims against him. The National Police Agency has requested assistance from Interpol to extradite Mr. Kwon. The Ministry of Justice, Ministry of Foreign Affairs, and National Police Agency are cooperating in this case. The legal battle resulted in Terra Luna’s collapse, resulting in massive financial losses worldwide. The outcome of this case could set an…
HKMA launches Project Ensemble, a key move to advance the tokenization market and explore wCBDC applications in the Hong Kong financial sector. The Hong Kong Monetary Authority (HKMA) has taken a major leap forward in financial technology by unveiling Project Ensemble, a new initiative aimed at fostering Hong Kong’s burgeoning tokenization market. This project marks a milestone in integrating traditional banking with the innovative capabilities of blockchain technology. The project ensemble will explore the potential of wholesale central bank digital currencies (wCBDCs) as a foundation for asset tokenization. The plan is to create a wCBDC sandbox, which will be launched…
Ethereum is emerging as the vanguard of innovative financial systems. Second-value blockchain advocates extol the virtues of smart contracts and envision a future characterized by market transparency, tokenized funds, and fast settlement times. At the time of writing, Ether was trading at $3,780, up 2% and 8% on daily and weekly time frames, according to data from Coingecko. Ethereum’s untapped institutional potential Experts argue that Ethereum has yet to go through an institutionalized hype cycle and is lagging behind the enthusiasm witnessed by Bitcoin. Robby Greenfield, visionary co-founder and CEO of Umoja Labs, predicts a significant increase in institutional interest…
George Town, Grand Cayman, March 7, 2024, Chainwire Zircuit, a zk rollup with parallel circuits and sequencer-level AI-assisted security, today announced that its staking program has surpassed $500 million in TVL. Currently in the testnet phase, Zircuit is poised to reach its first mainnet TVL, outperforming leading blockchains such as Linea, Manta, Mantle, Near, Scroll, Aptos, and zkSync. Next week, Zircuit will integrate Ethena, adding to the growing list of Zircuit Stake supported protocols. Users who stake USDe on Zircuit will earn Zircuit points and 7x shards (Ethena points). Ethena is a crypto-based solution for synthetic dollars that are fully…