Author: News Room

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily trading turnover now stands at $5.4 billion, representing a 36% decline from its peak three weeks ago. However, this figure remains significantly higher than the 2023 average of $347 million, indicating a moderation in the initial market frenzy. Solana Dominates With Over $6M Inflows Bitcoin…

After closing out March with a dip and tepid recovery, net flows to Bitcoin exchange-traded funds (ETFs) have kicked off the week in the red. Investments were negative yesterday with outflows of $85.7 million, data from BitMEX Research shows. Last Thursday, for the third consecutive day in a row, more than $100 million entered the popular new funds, bringing the total for the week to $845 million. The week before that, however, all the Bitcoin tracking funds experienced outflows, blamed on “investor hesitancy” following a dip in crypto prices. But yesterday, cash continued to flow into all the funds—except one:…

Picasso Network, a decentralized restaking and interoperability hub, has recently started a collaboration with Osmosis (a cross-chain DeFi hub). As per the company, it has started an integration between Ethereum and Inter-Blockchain Communication Protocol to enable safe cross-chain interoperability. In a blog post, Picasso noted that the Ethereum-IBC integration ensures matchless data and asset transfer between Cosmos and Ethereum. 🎨🤝🧪 Ethereum IBC Liquidity Hub:@osmosiszone has been selected as the primary liquidity and DeFi hub for @Ethereum assets on @Cosmos through the launch of Ethereum IBC, powered by Picasso.Discover all the details in our latest blog 👇https://t.co/yERJjob7zE — Picasso 🎨 (@Picasso_Network)…

INVNT GROUP unveils an electrifying collaboration with renowned artist Michah Dowbak, popularly known as ‘Mad Dog Jones,’ presenting his latest NFT collection titled “Fallen Gravity.” —Powered by INVNT.ATOM, INVNT GROUP’s digital innovation and Web3 agency, this collection, available exclusively on Nifty Gateway, promises collectors an immersive experience inspired by space and the enigmatic cosmos. The artwork transcends conventional boundaries, offering animated artworks, prints, and NFTs, with one drop featuring embedded Star Songs curated by Artemis Music Entertainment and destined for space alongside personalized messages.Reflecting on his inspiration, Mad Dog Jones shares, “Fallen Gravity encapsulates the essence of venturing into the…

Chainlink’s secure oracles are essential for verifying off-chain data in asset tokenization, ensuring transparency and reliability. Proof of Reserve validates the backing of tokenized assets, preventing fraud and enhancing investor confidence. In a recent report by Coalition Greenwich, the potential impact of tokenization on derivatives trading has been underscored. The report highlights the transformative potential of tokenization, particularly in streamlining trading and clearing workflows for asset managers. However, asset tokenization’s success hinges on external data’s reliability, a challenge effectively addressed by Chainlink’s secure oracles. “For end users, tokenization ranked as the biggest potential game-changer for the trading and clearing workflow,”…

Coinbase International, the global version of Coinbase, the largest cryptocurrency exchange in the USA, announced in its official statement that it will list the altcoin named Wormhole (W) in futures transactions. In the official statement made by Coinbase, it was stated that W-PERP of the altcoin named W will launch on April 4, 2024 at 9:30 UTC. @CoinbaseIntExch will add support for Wormhole perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our W-PERP market will begin on or after 9:30am UTC on 4 APR 2024, in regions where trading is supported. pic.twitter.com/NYB2vwdnFI — Coinbase International Exchange…

Shiba Inu (SHIB) is the second biggest meme coin in the market, but despite its stature, it is facing significant competition in one aspect from dogwifhat (WIF). Could this lead to SHIB declining further on the daily chart, or is a recovery likely? Are Shiba Inu Investors Opting for WIF? Shiba Inu price action has been a disappointing affair since the beginning of March. The altcoin has already been struggling, and dogwifhat is adding to the trouble. The meme coin, which became an overnight sensation, is currently the third biggest meme coin in the world. Despite having a market cap…

Coinbase’s Chief Legal Officer, Paul Grewal, has reacted to recent remarks made by SEC Commissioner Hester M. Peirce at the “SEC Speaks” event. The annual two-day “SEC Speaks” event began Tuesday, providing clues into the Securities and Exchange Commission’s priorities for the year. “SEC Speaks” is a forum where the SEC provides guidance to the legal community on rules, regulations, enforcement actions and lawsuits. The event allows the SEC to get its main messages across, and this year’s key subject is “disclosure.” SEC Chair Gary Gensler, commissioners and other key personnel are giving remarks during the event. “Crypto Mom” Heister…

The resurgence of Bitcoin and the broader crypto market has minted a new class of billionaires. Over the past year, the total value of all outstanding cryptocurrencies skyrocketed by 170%, adding approximately $1.6 trillion to the market, which was largely fueled by the legalization of spot Bitcoin exchange-traded funds (ETFs) in the United States. This phenomenal growth pushed Bitcoin to a record high of $73,000 in March, creating new billionaires. 17 Crypto, Bitcoin Billionaires A new list of the world’s billionaires reveals a significant uptick in the number of individuals achieving billionaire status through cryptocurrency. At least 17 were noted…

In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5 million. Despite ARKB’s significant outflow surpassing that of GBTC, Grayscale’s Bitcoin Trust also faced a reduction, with approximately $81.9 million being pulled from its funds. […] Read the full article here