Bitcoin (BTC) exchange-traded funds (ETFs) in the United States saw a surge in trading volume, exceeding $5 billion on August 5. This milestone marked the highest volume in several months, with BlackRock’s IBIT ETF leading the pack at nearly $3 billion in daily trades. The increase in assets under management by $172 million for IBIT
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The recent reports from Binance CEO Richard Teng revealed that the exchange experienced record inflows and one of its highest trading volumes this year. In the midst of market panics on August 5th, Binance recorded a net inflow of $1.2 billion in just 24 hours. According to DeFillama data, Binance’s inflows had surged to over
The cryptocurrency market has once again surpassed the $2 trillion mark after experiencing a massive downturn that wiped out $500 billion within a week. This drastic drop in market capitalization sent shockwaves throughout the crypto community as Bitcoin plummeted below $50,000 and Ethereum saw a 23% decline in value, dropping below $2,200. However, despite this
Supervillain Wanted is a captivating game that has taken the gaming and blockchain communities by storm with its unique play-to-earn approach. Developed by Supervillain Labs, a prominent Web3 gaming studio, the game aims to seamlessly blend elements from both Web 2 and Web 3 gaming realms to create an immersive experience for players. With over
Cardano, a blockchain platform founded by Charles Hoskinson, is on a journey towards full decentralization through a series of carefully planned phases called “eras.” Each era is named after influential figures in various fields, such as poets, mathematicians, or computer scientists, and brings new functionalities to the platform through hard forks. One of the most
In the midst of a downward spiral in the overall crypto market, Cardano (ADA) has managed to stand out with its resilience and growing user engagement. While the global crypto market cap took a hit in July, Cardano has shown an increase in on-chain activity, according to data provided by the Cardano foundation. This indicates
The recent cryptocurrency market turmoil saw major digital assets like Bitcoin and Ethereum experiencing a significant drop in value. At the center of it all was Justin Sun, the founder of the TRON blockchain. Reports suggest that Sun took advantage of the market pullback to purchase millions of dollars worth of Ethereum at discounted prices.
Following a significant market crash that caused Ethereum to tumble 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a positive day of inflows. On August 5, nine newly launched spot ETH ETFs saw an aggregate inflow of $49 million. This marked the second-highest inflow day since the funds began trading. The fact
The recent partnership between Unstoppable Domains and Amazon Web Services (AWS) has culminated in a successful global virtual hackathon, attracting over 1,100 participants. The event, hosted on Devpost.com, showcased the potential of AWS’s cloud computing capabilities combined with Unstoppable Domains’ blockchain-based digital identity solutions. By leveraging opportunities within Web3 and artificial intelligence (AI), participants were
The recent hype surrounding Bitcoin price predictions, especially the forecast of reaching $350,000, seems to be based on overly optimistic assumptions. While it is essential to have a positive outlook on the future of cryptocurrencies, setting such high price targets without strong supporting evidence can be misleading. The cryptocurrency market, especially Bitcoin, is highly volatile