Author: News Room

Inflows into the 11 new Bitcoin ETFs that received regulatory approval in the US in January reversed this week. A significant $850 million has flowed out of ETFs, causing investors and market watchers to question whether this is a temporary glitch or a sign of a larger pullback for the world’s largest cryptocurrency. Fund inflows into ETFs had previously increased the Bitcoin price to a record level of $73,000 this year. However, the recent decline in its price has dampened investors’ interest in ETFs, and bitcoin fell as low as $60,760 at one point this week. “People looked at how…

Real World Assets (RWA) in DeFi and Crypto demonstrate how tokenization unites blockchain and traditional finance. Digital tokens for real estate and gold could change decentralized finance. To add RWAs to DeFi, you must understand how they formalize off-chain transactions, connect information, and handle demand and supply in the RWA protocol. RWAs connect the real and digital worlds in DeFi, expanding investment opportunities, liquidity, and market access. This DeFi RWA study shows how innovation and financial change are possible in a fast-changing ecosystem. Understanding How RWAs Work Understanding how RWAs work is essential to understanding their value in DeFi. Off-chain…

OKX, a leading Web3 technology company, recently partnered with Galxe, a top community-building platform. This partnership will simplify OKX Wallet users’ digital asset management by connecting them to Galxe’s powerful web3 ecosystem. Earlier, OKX partnered with Immutable for GamrFi launchpad. OKX and Galxe Collaborate for Seamless Web3 Integration Galxe is known for building and engaging web3 communities. Its 16 million users and 4,900 well-known brand partnerships are impressive. Galxe’s quest platform has launched over 63,000 campaigns across 16 blockchains, solidifying its web3 dominance. With Galxe integration, OKX Wallet has improved marketing and user engagement. OKX Wallet wants to use Galxe’s…

Terra Luna Classic community voting on a key proposal to repeal the earlier passed KYC proposal based on claims that KYC requirements for developers have stalled the growth of Terra Luna Classic. Meanwhile, LUNC and USTC prices have taken a hit amid futures selloff and options expiry. Read the full article here

In the wake of multiple reports indicating that the SEC plans to classify Ethereum as a security, Reaper Financial CEO Patrick Riley has taken a subtle shade at the ETH community. According to an X post today, Riley cleverly twisted Ethereum co-founder Vitalik Buterin’s 2022 tweet to take a swipe at the Ethereum community amid the SEC’s quest to categorize ETH as a security. In the post, Riley noted that the Ethereum community already forfeited its moral standing to air its grievances about the SEC’s latest crackdown when it sacrificed XRP to monopolize control over the crypto industry through the…

Binance has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency. The notice, published on Wednesday, March 13, revealed that Binance will remove multiple TrueUSD and BNB pairs from its platform. Some trading pairs to be delisted include PENDLE/TUSD, COMP/TUSD, and EDU/TUSD. The BNB duo of ARPA/BNB and EDU/BNB spot trading pairs will also be removed. This decision will take effect by Friday, March 15th, 2024, at 3:00 am UTC. Other TUSD trading pairs will still be available on Binance In the announcement, Binance cited concerns like poor…

Shiba Inu (SHIB) is facing its worst weekly performance against its long-standing rival, Dogecoin (DOGE), in over a year. Over the past seven days, SHIB has suffered a staggering loss of nearly 16% against DOGE, marking a significant downturn for the popular meme token. This downturn comes after a period of notable growth for Shiba Inu, which saw its value against DOGE surge by over 110% since the end of February, reaching its highest point since November 2021 at 0.000235. However, the recent decline in SHIB’s value can be attributed to several key factors. Firstly, DOGE has exhibited strong performance,…

In a recent turn of events, rumors have circulated regarding OKX Founder Star Xu’s arrest by American authorities. However, Xu has refuted the claims by posting messages on his official X account. Chinese crypto journalist Colin Wu recently shared an X post, providing updates on the rumors surrounding the United States’ scrutiny over OKX Founder. According to Wu’s X post, Xu has shared three X posts in an attempt to dismiss the rumors. The reporter also shared insights on similar rumors that were frequent after Binance founder Changpeng Zhao’s prosecution in the US. There are rumors in the Chinese community…

Reflexivity Research, a subsidiary of DeFi Technologies, held its first-ever Bitcoin Investor Day in New York City on 22 March 2024. The event sought to merge traditional financial principles with the innovative potential of Bitcoin. Hosted by Anthony Pompliano, the co-founder of Reflexivity, the conference featured prominent discussions about the role of Bitcoin in both traditional and institutional finance. Distinguished speakers, including Cathie Wood, Anthony Scaramucci, and Mike Novogratz, addressed a diverse audience of institutional investors, capital allocators, and entrepreneurs. At this event, Yahoo Finance reporter Brad Smith managed to get an interview with Anthony Scaramucci, the Founder and Managing…

DAO Maker has achieved a remarkable feat, securing nearly $100 million in a presale for the PUNDU meme coin. The significant investment contributed within 36 hours reflects a pronounced appetite for high-risk ventures in the crypto market. However, the overwhelming response resulted in an oversubscription, necessitating refunds for contributors who sent funds post-target attainment. Solana Meme Coins in High Demand DAO Maker unveiled an impressive $97.6 million raised across Binance Smart Chain and Solana, drawing support from over 20,000 users. PUNDU, introduced by the launchpad just days ago, swiftly captured investor interest, with contributions exchanging SOL and USDT for PUNDU…