Pantera Capital, a pioneering asset manager in blockchain and digital currencies, has reported a remarkable 66% gain for its Liquid Token Fund in the first quarter of 2024. This achievement is propelled by investments in Solana and emerging tokens like Ribbon Finance, Aevo, and Stacks. Interestingly, the firm has strategically reduced its investments in Bitcoin and Ethereum-based tokens amidst diminishing prospects for ETF approval in May.

The successful shift away from Bitcoin was notable, with Pantera consistently decreasing its significant holdings every month this year. Instead, the fund favored smaller-cap tokens, showcasing a strategic pivot away from more established cryptocurrencies. This approach has matched Bitcoin’s 66% growth year-to-date and outperformed Ethereum and the DeFi index’s advancements.

Adding to its bold moves, Pantera had earlier earmarked $250 million to acquire Solana tokens from the FTX bankruptcy estate, navigating through legal complexities regarding token ownership. This maneuver underscores Pantera’s commitment to seizing unique opportunities within the cryptocurrency landscape

Bloomberg

Spot Bitcoin ETFs have been riding a wave of optimism, securing a significant $213 million in net inflows, marking the third straight day of gains. This comes despite the only net outflow recorded in the past ten days on April 1, which saw a reduction of $85.8 million and a subsequent drop in Bitcoin’s price to $65,000. The shift indicates a bullish sentiment among investors, contrasting with Grayscale’s GBTC which faced a $198 million reduction on April 6, pushing its total withdrawals to a staggering $15.51 billion. In the spotlight, BlackRock’s iShares Bitcoin Trust (IBIT) led with a remarkable $308 million inflow on the same day, totaling $14.77 billion in inflows. This surge aligns with BlackRock’s recent update to its Bitcoin ETF prospectus, incorporating prestigious Wall Street names as new authorized participants, highlighting the growing mainstream acceptance of Bitcoin investments.

SoSoValue

BIGCAP COINS:

1. Bitcoin: Market Cap of $1.3 Trillion.
2. Solana: Market Cap of $79.3 Billion.
3. Pepe: Market Cap of $2.8 Billion.

MIDCAP COINS:

1. Wormhole: Market Cap of $2.0 Billion.
2. Ethena: Market Cap of $1.6 Billion.
3. Super Trump: Market Cap of $9.4 Million.

RISING COINS:

1. pepeCoin: Market Cap of $787 Million.
2. Mog Coin: Market Cap of $216 Million.
3. PondCoin: Market Cap of $23.2 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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Legendary investor Anthony Scaramucci believes Bitcoin (BTC) has significant untapped potential, particularly with the upcoming halving event this April. Contrary to the market’s current valuation, he suggests that Bitcoin is yet to fully account for the halving’s impact, predicting a price surge up to tenfold from its current level. Drawing parallels with gold, Scaramucci envisions Bitcoin achieving half of gold’s market valuation, signaling a monumental rise in the cryptocurrency’s worth.

This optimism comes amidst the Bitcoin market’s recent milestones, including the introduction of exchange-traded funds (ETFs) that have attracted over $10 billion in new investments, outpacing the growth of Gold ETFs. Despite acknowledging Bitcoin’s volatility, Scaramucci sets a bold price target of $170,000, underlining its potential as a digital counterpart to gold. His advocacy extends to other cryptocurrencies, but Bitcoin’s dominance and its impending halving event remain his primary focus, highlighting a future where Bitcoin’s valuation could soar beyond current expectations.

CNBC

As Bitcoin’s halving event approaches, Bhutan, nestled in the Himalayas, is gearing up its Bitcoin mining operations in a bid to counter potential revenue impacts. With plans to significantly increase its mining capacity, the nation aims to leverage its abundant hydroelectric power resources to become a major player in the global mining scene.

Strategic Partnerships for Expansion

Bhutan’s government investment firm, Druk Holding & Investments (DHI), has forged partnerships with leading Bitcoin mining companies like Bitdeer Technologies Group, listed on Nasdaq. This collaboration underscores Bhutan’s commitment to harnessing its natural resources for sustainable Bitcoin mining…

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BlackRock, the world’s largest asset manager, has made a significant move by adding five more Authorized Participants (APs) for its spot Bitcoin Exchange-Traded Fund (ETF), IBIT. This expansion doubles the total number of APs for BlackRock Bitcoin ETF from four to nine, signaling growing interest from major financial institutions in participating in the Bitcoin market.

Enhancing IBIT’s Liquidity and Accessibility

The latest update to the prospectus reveals the addition of five new APs, including ABN AMRO Clearing USA LLC, Citadel Securities LLC, Citigroup Global Markets, Inc., Goldman Sachs & Co. LLC, and UBS Securities LLC.

The roster of existing APs, as outlined in the previous…

Read more on bitcoinnews

If you are reading this article, you are on a bitcoin journey. Really, everyone who produces and/or consumes anything on planet earth is on a bitcoin journey, most of them just don’t know it. But, what many people do not realize is that their bitcoin journey isn’t finished when they become Bitcoin Maximalists, or when they self custody their coins, or when they orange-pill their cousin. The destination of your bitcoin journey is a relationship with Jesus.

Before you click off and go “Whaaaaaat, Adam we want to get rich, not religious!” hear me out while I make 3 solid, logic based arguments as to why Jesus is a bitcoiner and why if you are a bitcoiner, you will eventually be a…

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Binance, a leading cryptocurrency exchange, has witnessed its spot trading volume skyrocket to a record $1.12 trillion in March, marking the highest level since May 2021. This impressive 121% increase comes after seven months of continuous growth, according to CCData’s latest analysis. The exchange’s market dominance also expanded, capturing 44.1% of the market share.

Following a significant $4.3 billion settlement with the U.S. Department of Justice, Binance’s recovery is evident in both its spot and derivatives trading volumes. The latter surged by 89.7% to $2.91 trillion, reaching a peak since May 2021. This growth contributed to a 38.0% dominance in the spot market and a noticeable uptick in user numbers, which climbed by over 40 million in 2023, almost 30% higher than the previous year.

The overall trading activity on centralized exchanges has also hit a new high, with a 92.9% increase to $9.12 trillion in March, boosted by anticipation around Bitcoin’s price movements and upcoming supply halving.

CCData

$1M – $10M MarketCap:

1. Airbloc (ABL): 233%
2. Icon.X World (ICNX): 136%
3. Meme AI Coin (MEMEAI): 34%
4. Napoli Fan Token (NAP): 30%
5. Minu (MINU): 17%

$10M – $100M MarketCap:

1. Reboot (GG): 39%
2. Only1 (LIKE): 32%
3. Velar (VELAR): 29%
4. Picasso (PICA): 24%
5. Wrapped Ampleforth (WAMPL): 23%

$100M – $1B MarketCap:

1. LUKSO (LYX): 42%
2. Jeo Boden (BODEN): 34%
3. Nervos Network (CKB): 23%
4. Ampleforth (AMPL): 22%
5. Rats (RATS): 21%

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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