Author: News Room

Japan’s official government pension fund is curious about Bitcoin (BTC) and crypto. On Tuesday, the Government Pension Investment Fund (GPIF) requested information from the public on illiquid assets that it hasn’t already invested in. The fund listed specific examples of potential investments that it is looking for info about, including forests, farmland, gold and crypto assets like Bitcoin. The GPIF is the largest pool of retirement savings in the world, according to Top1000funds.com. The fund is already invested in domestic bonds, domestic stocks, foreign bonds, foreign stocks, real estate, infrastructure and private equity. The GPIF’s request materialized amid a potential…

Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.85 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen. “In terms of financial performance, the fourth quarter witnessed a record-breaking net profit of $2.85 billion, of which ~$1 billion in net operating profits (were primarily interests from US Treasuries) with the remaining primarily from the appreciation of Gold and Bitcoin reserves. The excess reserves registered an all-time high increase of $2.2…

The imminent launch of the Ethereum Dencun upgrade at 14.00 UTC today, March 13, has sparked a notable surge in the prices of native tokens for layer-2 protocols, including Arbitrum, Polygon, and Optimism.According to CryptoSlate’s data, the sector has surged by approximately 5% in the last 24 hours, reaching a total market capitalization of $20.21 billion. This growth maintains a consistent upward trend of 10% observed throughout the week.Layer-2 tokens increaseIn the past 24 hours, Arbitrum’s ARB token surged by approximately 10% to reach $2.18. This surge coincides with the team’s planned release of over $1 billion ARB tokens this…

Crypto investors have swiftly removed their assets on the Ethereum-based layer two blockchain Blast following its Feb. 29 mainnet launch. According to DefiLama and Flipside data, the total value of assets locked (TVL) on the network plummeted by over 65% in the past day, dropping to $745.47 million from a peak of $2.27 billion. Last year, Blast enticed community members to lock up their Ethereum and stablecoin assets, offering up to a 5% annual percentage yield generated from staked ETH and real-world asset protocols. The allure of high yields and potential airdrops incentivized community members to participate. However, this move…

On March 19, BlackRock revealed that it is preparing to offer a fund through a partnership with digital asset tokenization specialist Securitize. According to a filing to the US Securities and Exchange Commission, the Wall Street giant plans to launch the “BlackRock USD Institutional Digital Liquidity Fund.” However, the total size of the fund was not disclosed. It feels very good for Ethereum, commented Galaxy CEO Mike Novogratz on March 20. This feels very important for $Eth!!! https://t.co/UJVnIhm5pJ — Mike Novogratz (@novogratz) March 19, 2024 BackRock Pivot to RWA The fund will be based on the Ethereum blockchain and will…

QuickNode report deciphers reasons for crypto market’s bearish turn. The report explores 10 factors that led to a bearish Bitcoin turn. Despite market reversal seasoned traders remain patient and await a golden bull run. In a recent report released by QuickNode, and its renowned crypto market research tool QuickAlerts, the reasons behind the current bearish sentiment in the crypto market have been elucidated, shedding light on the intricacies of the recent downturn. 🚀 #Bitcoin: Why We Turned Bearish 10+ Days Ago https://t.co/zVVTo0XKmw pic.twitter.com/arBNLKGzO8 — 10x Research (@10x_Research) March 20, 2024 According to the report, which identifies 10 key factors contributing…

Users Can’t Send or Receive Money in Phantom Wallet A lot of people who use Phantom, a digital wallet for Solana cryptocurrency, are having trouble. They can’t send money to others or get money from them. Some think the wallet might not be working right now because the transactions aren’t showing up on the blockchain, which is like the internet’s ledger for cryptocurrency. Why Is Phantom Having Issues? The main reason Phantom might be having problems is because of a lot of people using the Solana network at the same time. Recently, a lot of people got excited about meme…

Radix, a pioneering full-stack layer-1 smart contract platform, has launched Project Ignition this week, an initiative aimed at injecting liquidity into its DeFi ecosystem. The project, which boasts $10 million in liquidity incentives, is set to redefine the DeFi landscape by offering lucrative opportunities for participants and amplifying the scalability of strategies within the ecosystem.—Through strategic partnerships with prominent liquidity pools like CaviarNine, DeFiPlaza, and Ociswap, Project Ignition incentivizes liquidity providers by offering an equal amount of XRD tokens for every $1 in wrapped assets (xUSDC, xUSDT, xwBTC, or xETH) added to the participating pools. With the potential to double…

On-chain data confirms that the Shiba Inu NFT project Shiboshis has continued to burn SHIB tokens even amid diverted focus from its burn functionalities. The Shiba Inu community has continued to focus its attention on the burning campaign, as several proponents champion the narrative of increased burns. This has resulted in the exploration of diverse avenues for the incineration exercise, including Shibarium. Sustained Focus on Shibarium Most community members believe Shibarium is the most viable avenue to implement more burns, especially given the number of tokens the layer-2 network has incinerated since the fourth quarter of 2023. As of December…

One of the biggest rollup networks on Ethereum is finally gearing up its systems for prime time. Optimism, a “layer-2” blockchain, bundles up user transactions and settles them on Ethereum for cheap. It has played a lead role in expanding accessibility to the second-largest blockchain ecosystem by market capitalization – and serves as the template for the publicly traded crypto exchange Coinbase’s own layer-2 network, Base. But there’s a catch to using Optimism today: Fault proofs, a component of the setup considered crucial for security, don’t even exist. That’s soon set to change. On Tuesday, OP Labs, the main development…