Even though U.S. Spot Bitcoin ETFs have had upward momentum for four days in a row, the price of Bitcoin is struggling around the $61,000 mark. It is worth mentioning that several market experts have pointed to the recent lackluster trading activity of the U.S. Spot Bitcoin ETF as a
June 29, 2024 1 min read
There has been a data-driven 85% drop in Bitcoin miner withdrawals since the mid-April Bitcoin halving. The onchain analytics platform CryptoQuant said in a June 28 post that the pressure on miners to sell is “weakening.” Miners of Bitcoin (BTC) have had to adapt to a new economic reality for
June 28, 2024 1 min read
Net inflows of $11.80 million were recorded by the eleven spot bitcoin ETFs in the US on Thursday, extending the positive run to three consecutive days. The pace has decreased since Tuesday’s net inflows of $31 million, but the inflows have persisted. SosoValue data shows that Bitwise’s BITB received $8
June 28, 2024 1 min read
Fenix Finance announced the completion of a $300,000 seed fundraising round lead by Layer 3 protocol Orbs. The Blast network’s unified trading and liquidity marketplace will be developed by Fenix with the help of the seed funding. Orbs’ investment will expand its current support for Fenix in its role as
June 27, 2024 2 mins read
On Tuesday, spot bitcoin exchange-traded funds in the US recorded net inflows, bringing in $31 million. This comes after eleven bitcoin funds saw net withdrawals for seven trading days in a row. SoSoValue data shows that on Tuesday, $49 million came into Fidelity’s FBTC, with Bitwise’s BITB following with $15
June 26, 2024 1 min read
Prominent gaming blockchain Oasys announced its collaboration with Vortex Gaming, a South Korean gaming community platform. Through the partnership, Oasys will have a stronger foothold in the Korean market and Vortex players will have access to Oasys’ newest games. Through Inven, a prominent force in Korean gaming webzine industry with an amazing
June 26, 2024 2 mins read
With a market valuation of over $1 billion, zkSync’s much-anticipated token debuted on June 17. Despite a brief surge in the first launch hours, ZK’s market value progressively declined in the days that followed, most likely as a result of persistent sell pressure from airdrop participants and generally unfavourable market
June 25, 2024 1 min read
Major withdrawals have been seen in the US spot Bitcoin ETFs for seven consecutive days, coinciding with the Bitcoin (BTC) price’s continued decline. No Bitcoin exchange-traded fund (ETF) saw any form of inflow on Monday, June 24, contributing to a total outflow of $174.5 million across all ETFs. Withdrawals from
June 25, 2024 1 min read
For the EigenDA data-availability service on the Ethereum mainnet, EigenLayer has implemented a whitelist security feature to protect it against Sybil and distributed denial of service attacks. This layer of protection may take the form of an ECDSA authentication using either an IP address or an Ethereum address. The security
June 23, 2024 1 min read
This is not the first time the Blockchain Association has voiced its disapproval of the IRS’s proposed broker-dealer regulations. This time, the group is concentrating on the unfair burden that these regulations would place on cryptocurrency businesses, investors, and the IRS. The Association’s letter referenced the Paperwork Reduction Act, which
June 22, 2024 1 min read