The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.
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- Crunch
- Global
BIGCAP COINS:
- Pepe: Market Cap of $3.5 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Render: Market Cap of $3.8 Billion.
MIDCAP COINS:
- Voxies: Market Cap of $40.7 Million.
- Aevo: Market Cap of $152 Million.
- Hooked Protocol: Market Cap of $134 Million.
RISING COINS:
- Three Protocol Token: Market Cap of $33.4 Million.
- Grok: Market Cap of $80.6 Million.
- Fofar: Market Cap of $3.4 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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The Grayscale Bitcoin Trust (GBTC) converted to an ETF nearly four months ago.
It took that long for the fund to see its first day of net inflows.
That unprecedented event occurred on Friday, when GBTC saw $63 million in net money enter the ETF, according to Farside Investors data.
Read more: Why tracking bitcoin ETF flows matters. And why it doesn’t.
GBTC had suffered net outflows for 78 days before that — piling up to equal $17.4 billion.
Just don’t expect the GBTC inflows to become a regular thing, one segment observer says.
“It’s difficult to discern what might be behind the flows into GBTC,” said Nate Geraci, president of The ETF Store. “ETF buyers are an…
Read more on Blockworks
Cardano (ADA) has reached a remarkable milestone, recording 90 million transactions on its blockchain network. This achievement reflects Cardano’s consistent growth and its appeal to a diverse set of users and developers. With 169 projects launched, 1,357 in development, and 9.96 million native tokens, the Cardano ecosystem continues to expand, supported by 117,275 token policies and 43,933 Plutus scripts.
The network is on the verge of introducing transformative upgrades that will enhance its capabilities. The imminent rollout of the Ouroboros Genesis protocol, part of the Chang upgrade, promises to bolster network security and scalability. This advancement will mark the final stage in transitioning to fully decentralized peer-to-peer (P2P) node operations, an essential step in Cardano’s roadmap.
Further upgrades, including enhancements to the Plutus smart contract platform, will introduce features such as improved throughput and performance, sidechain bridges, and Mithril integration. These developments position Cardano to usher in a new era of innovation and growth, further solidifying its presence in the blockchain industry.
Many interpret BlackRock pouring $100 million into Ethereum as a sign that institutional tokenization will finally take off on public, permissionless networks.
It will — but BlackRock’s tokenized fund is only melting the tip of a Titanic-sized iceberg.
The crypto industry has cried wolf about institutions coming many times. By this point, we definitely know they’re interested in tokenization. The big players — BNP Paribas, JPMorgan, Goldman Sachs, the Hong Kong government, Franklin Templeton, Hamilton Lane and now BlackRock — have already been exploring blockchain technology for a while.
It’s certainly a watershed moment when the world’s largest asset manager opts for a…
Read more on Blockworks
The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells Notice.
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The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs.
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Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
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Runes made a recovery to account for the lion’s share of transactions over the Bitcoin network.
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The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009.
JUST IN: #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW
— Bitcoin Magazine (@BitcoinMagazine) May 5, 2024
At an average rate of 178,475 transactions per day over its 5,603-day lifespan so far, Bitcoin has demonstrated the ability to handle significant volume securely without centralized intermediaries.
Many early critics argued nobody would use Bitcoin, but today, the network handles daily transaction volumes on par with major payments…
Read more on BitcoinMagazine