Category Archive: Cryptocurrency, No picture
DEX Screener launches ‘Moonshot,’ its new meme coin launchpad
Token data aggregator DEX Screener launched its Solana-based token launch platform called Moonshot on Monday. The launchpad is similar to Pump.fun, where users create their own tokens with a 1 billion supply, and a liquidity pool is deployed on the decentralized exchange Raydium after investors allocate 500 SOL. Since the token is launched using Moonshot’s […]
Bitcoin ETF outflows hint at market bottom, Bitfinex reports
Bitcoin exchange-traded funds (ETF) in the US experienced a significant week of outflows, which is seen by Bitfinex analysts as a local bottom for crypto. A total of $544.1 million left the funds in what was highlighted in the “Bitfinex Alpha” report as “a mix of basis/funding arbitrage unwinding, due to negative funding rates, and […]
RWA market needs to grow 100x for financial institutions to start caring: Polygon Labs exec
The tokenization of real-world assets (RWA) is growing rapidly, as RWA-related tokens rose 286% on average in Q1, a report by CoinGecko shows. Moreover, the total market cap of tokenized US Treasuries reached an all-time high of $1.72 billion recently, according to data aggregator RWA.xyz. However, the Global Head of Institutional Capital at Polygon Labs […]
Investors withdraw $1.2 billion from crypto funds as Fed rate cut hopes diminish
Crypto products experienced their second week of outflows, with a total of $584 million leaving the market last week and a total of $1.2 billion. According to asset management firm CoinShares, this is a likely reaction to the “pessimism amongst investors for the prospect interest rate cuts by the FED this year.” Bitcoin (BTC) was […]
South Korean researcher sees risks with spot crypto ETFs
A recent report from the Korea Institute of Finance cautions against introducing spot cryptocurrency exchange-traded funds (ETFs) in South Korea, arguing the risks outweigh potential benefits at this time.Bo-mi Lee, a researcher at the institute, analyzed the recent approvals of spot Bitcoin and Ethereum ETFs in countries like the United States, Hong Kong, and the […]
Cathie Wood says she will vote for Trump, sees him as best for US economy
Cathie Wood, CEO of Ark Invest, recently declared her support for Donald Trump in the upcoming presidential election. She believes that Trump will be the best for the US economy. “I am going to vote for the person who’s going to do the best for our economy. I am a voter when it comes to […]
Bitcoin could bring ‘substantial change’ for many people disillusioned with current politics, says expert
Bitcoin and the crypto industry have become major topics in this year’s US presidential election. For many people disillusioned with current politics, Bitcoin could bring substantial change, according to Raphael Zagury, Chief Investment Officer at Swan Bitcoin, a Bitcoin investment platform. “It started with senators talking about bitcoin. Then we had more people talking about […]
Winklevoss twins get Bitcoin donation refund from Trump campaign: Bloomberg
Cameron and Tyler Winklevoss, the American entrepreneurs behind Winklevoss Capital Management and crypto exchange Gemini, got back part of their Bitcoin donations from Donald Trump’s presidential campaign after the funds surpassed federal limits, according to a recent report from Bloomberg.The twins said in recent posts that they donated $1 million worth of Bitcoin each to […]
Avalanche’s AVAX down 10% following BtcTurk exchange hack
Avalanche’s AVAX token experienced a sharp 10% decline to $24.92 following a security breach that targeted BtcTurk, Turkey’s largest crypto exchange on Saturday, according to data from CoinGecko and analysis from on-chain detective ZachXBT. “The culprit has been moving 1.96M AVAX ($54.2M) and transferring to Coinbase/THORChain,” ZachXBT noted in a series of tweets about the […]
YieldMax files for Ether Option Strategy ETF ahead of Ether ETF launch
Fund group YieldMax filed with the US Securities and Exchange Commission (SEC) to launch an Ether Option Income Strategy ETF on the New York Stock Exchange, Arca, according to a filing dated June 21, 2024. The move comes ahead of the anticipated launch of spot Ether ETFs in the US.The ETF, using a synthetic covered […]
