Author: News Room
Digital assets manager CoinShares says institutions poured in a new weekly record of $2.9 billion into crypto investment products last week in the seventh consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products have also reached a new record mark. “Digital asset investment products saw record weekly inflows totaling US$2.9bn, beating the prior week’s all-time record of US$2.7bn. This week’s inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn… During the week global ETPs broke the US$100bn mark for the first time, although the…
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on bids to create Ethereum (ETH) exchange-traded funds (ETFs) from two asset management firms. In a new memo filed earlier this week, the regulatory agency says it will be pushing back the date to approve ETH ETF applications by financial giants Hashdex and Ark 21Shares from March 31st to May 30th – a 60-day delay. According to the SEC, it needs more time to consider the possibility of an exchange-traded product (ETP) centered around the leading smart contract platform. “The Commission finds that it is appropriate to designate a…
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…