Category Archive: Cryptocurrency, No picture
Solana sees ‘dramatic increase’ in Institutional demand — CoinShares
A recent survey conducted by CoinShares has unveiled a significant shift in institutional investor preferences, with Solana (SOL) experiencing a substantial increase in allocations. The Digital Asset Fund Manager Survey, which polled 64 investors managing a combined $600 billion in assets, highlights the growing interest in altcoins, particularly Solana.James Butterfill, Head of Research at CoinShares, […]
Meme coin Dog Go To The Moon surpasses $500 million market cap
The meme coin Dog Go To The Moon (DOG) rose 73% in the last 24 hours and surpassed $540 million in market cap, according to its creator, who identifies himself as Leonidas. DOG also surpassed $3.5 million in trading volume, data from marketplace UniSat shows.Every investor holding the Bitcoin (BTC) Ordinal “Runestone” on April 21 […]
Crypto boasts over 400 million active wallets, suggesting more investor confidence
On-chain wallet activity data suggest that investors are more active now than in the previous cycles, suggesting growing market confidence, Chainalysis highlights in its “The 2024 Crypto Spring Report.” The transfer activity during the recent market surge surpassed the peak seen in late 2020 and 2021, and the number of wallets holding a positive balance […]
Wormhole’s W token goes live on EVM chains
Wormhole launched today its native W token on Ethereum Virtual Machine-compatible blockchains, such as Ethereum, Arbitrum, Optimism, and Base, according to a blog post. This development is facilitated by Wormhole Native Token Transfers (NTT), allowing users to transfer W tokens across these different chains, on top of Solana.The recent launch marks the completion of the […]
Memecoins are ‘undermining’ the long-term vision of crypto, a16z CTO says
The proliferation of memecoins and token projects on various blockchains have captivated investors. Whether its for their whimsical nature, or for their potential to catch quick leverages and make life-changing profit, memecoins have been controversial in the crypto industry and continue to be so.Eddy Lazzarin, the Chief Technical Officer at Andreesen Horowitz (a16z) Crypto, has […]
Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko
Centralized exchanges registered a crypto trading volume of over $4 trillion in the first quarter, according to a report by data aggregator CoinGecko. Binance recovered its market share gradually during Q1 to reach 49.7% in March, when the exchange registered $1.1 trillion in trading volume, marking a 131% increase from the previous month.The report highlights […]
SEC likely to reject Ethereum spot ETF applications, insiders say
Spot Bitcoin exchange-traded funds (ETFs) got the green light, but spot Ethereum ETFs might hit the red light. According to a Reuters report published today, sources familiar with recent talks between ETF issuers and the SEC suggest the agency is likely to reject spot Ethereum ETFs during their final review next month.The SEC’s decisions on […]
Top FSC Democrat says stablecoin bill is imminent
Representative Maxine Waters, the top Democrat on the Financial Services Committee, has expressed optimism about reaching a deal on stablecoin regulation in the near future, following extensive discussions with key stakeholders in Congress and various government agencies.In an interview on Bloomberg Television’s “Balance of Power,” Waters stated that she and Committee Chairman Patrick McHenry, a […]
Morgan Stanley mulls allowing brokers to recommend Bitcoin ETFs
Morgan Stanley is considering allowing its 15,000 brokers to recommend Bitcoin exchange-traded funds (ETFs) to clients, reported AdvisorHub on April 24.The financial institution had initially approved Bitcoin ETF purchases following regulatory approval earlier this year. However, clients had to proactively request these products from advisors.Now, Morgan Stanley is weighing a shift to let brokers actively […]
Fireblocks unveils features to prevent DeFi scams
Fireblocks released its “dApp Protection” and “Transaction Simulation” features to the public, according to an April 24 blog post. These tools are designed to mitigate the risks associated with decentralized applications (dApp), particularly the threat of phishing attacks which have led to over $1.1 billion in lost funds in 2023 alone. The dApp Protection feature […]
