Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF. Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templeton’s tokenized shares and Stripe’s stablecoin-led crypto payments. Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies.
As the expiration date approaches for significant Bitcoin (BTC) and Ethereum (ETH) options contracts, the cryptocurrency market braces for potential volatility. With 96,000 BTC options and 990,000 ETH options set to expire, valued at $6.2 billion and $3.1 billion respectively, traders are closely monitoring market dynamics. The Put Call Ratio
In order to accommodate the needs of the Web3 and cryptocurrency communities, the Bharat Web3 Association (BWA), the highest organization representing Web3 businesses in India, has proposed a number of measures and policies for the next government to consider. At a time when rules are tightening up all around the
Bitcoin Runes-based memecoin DOG•GO•TO•THE•MOON (DOG) hits $500 million market cap following announcements of its listings on four notable centralized exchanges (CEXs) within the last 24 hours. This surge has catalyzed DOG to join the top 10 memecoins by market cap. Notably, DOG stands on the ninth spot, with two hyped
Ethereum has emerged as a focal point of discussion in the cryptocurrency community, with traders closely monitoring reports surrounding the SEC’s rumored plans to reject spot EthereumETF proposals in May. Despite optimism stemming from the approval of spot Bitcoin ETFs in January 2024 and the excitement surrounding the BTC halving
Investors have been quite pessimistic about the Grayscale Bitcoin Trust (GBTC) for an extremely long time now. Senior ETF Analyst Eric Balchunas of Bloomberg confirmed that this 72-day period is the longest in the history of global ETF funds. Since January, when the United States government approved the introduction of
Paolo Ardoino, CEO of Tether (the company behind the USDT stablecoin), recently went on X to provide some exciting information on the platform that would tokenize digital assets. Furthermore, Ardoino hinted at the imminent beta launch of the platform. Writing, “Can’t wait to launch the beta,” Ardoino shared his enthusiasm
As a result of all the recent buzz around stablecoins, Visa’s crypto division has released a new platform called the Visa Onchain Analytics Dashboard. It was after seeing a line chart made by well-known crypto enthusiast Nic Carter that Cuy Sheffield, Head of Crypto at Visa, decided to develop the
The TON Foundation has recently announced an airdrop for active NFT traders and holders worth $600K. An announcement was made by the TON Foundation on X about an airdrop of 105,600 TON. This was made available to active traders on the NFT markets of Getgems, xRare, and Ton NFT Diamonds.
