The latest analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns among whales in the market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), there has been a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply increased
In a recent discussion, Bitwise’s Chief Investment Officer (CIO) Matt Hougan shed light on the potential inflows that US Spot Ethereum ETFs could attract in the coming months. He detailed his analysis and predictions regarding the amount of investment these funds could see within their first 18 months of trading. Hougan’s projections were based on
The gaming industry has experienced a significant transformation with the advent of Layer-2 (L2) infrastructure on the Solana blockchain. Sonic, the pioneering L2 infrastructure for gaming, has achieved remarkable milestones within a short period since its launch. The platform has garnered over 100,000 unique wallets and processed an impressive 17 million transactions during its recent
The partnership between Oasys and Vortex Gaming marks a significant step towards revolutionizing the gaming industry in South Korea. By bridging the gap between traditional gaming and blockchain technology, this collaboration aims to provide South Korean gamers with access to a new world of opportunities and experiences. Through this strategic partnership, Oasys will have the
During the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the main focus now is on asset managers making full disclosure for registration statements to go effective. This signifies a positive outlook on the progress being made towards the approval of spot Ethereum
Bitcoin, often hailed as the king of cryptocurrencies, is currently facing a critical juncture as it navigates volatile market conditions. The recent dip from its peak after breaking the $71,000 barrier has sparked mixed reactions among analysts, with some remaining bullish about its long-term prospects while others caution about potential headwinds ahead. One factor fueling
The lawsuit between Ripple Labs and the US Securities and Exchange Commission has been ongoing since 2020, with the trial phase currently in progress. The outcome of this legal battle is uncertain, leaving many wondering about the implications for XRP and its investors. If the lawsuit had never happened, how might the XRP price have
A recent development in the case of FTX, a cryptocurrency exchange that collapsed in November 2022, is the approval granted by a US bankruptcy court to solicit votes on a liquidation plan. This plan involves paying customer claims in cash, based on crypto prices at the time of FTX’s collapse. Despite objections from some customers
In the realm of blockchain gaming, the recent collaboration between Netmarble’s Marblex and Immutable has sparked excitement and innovation. At the core of this partnership lies Immutable’s zkEVM technology, a cutting-edge layer-2 Ethereum network designed to revolutionize the gaming experience. This state-of-the-art solution offers a myriad of advantages over traditional blockchain platforms, particularly in enhancing
In recent times, Spot Bitcoin ETFs have faced a concerning trend with outflows occurring for a consecutive week. These outflows have mirrored a decline in the Bitcoin price, indicating a possible connection between institutional and miner sell-offs. According to Coinglass data, the outflows have averaged around $100 million daily, resulting in approximately $1.2 billion being