Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited, the operators of The Sandbox user-generated content platform, have recently announced a successful fundraising round that saw the platform secure $20 million. This funding round also introduced a valuation cap of $1 billion for The Sandbox, solidifying Animoca’s reputation as a trailblazer in advancing digital
The US spot Bitcoin ETFs, including GBTC, had a notable beginning in June despite some signs of diminishing hype. These ETFs collectively purchased 25,729 BTC in the first week of the month, almost matching the total amount acquired in May. The data from HODL15Capital revealed that since their introduction in mid-January, these spot Bitcoin ETFs
The cryptocurrency market has been abuzz with renewed optimism as investment funds witness a historic surge in inflows. CoinShares, a prominent digital asset manager, recently reported a staggering $2 billion influx into crypto funds in just one week. This figure surpassed the total net inflows for the entire month of May, indicating a positive trend
After failing to clear the $3,720 resistance, Ethereum has faced another decline, posing a risk of further losses below the $3,550 support zone. The cryptocurrency initiated a fresh decline from the $3,720 resistance area and is currently trading below $3,650 and the 100-hourly Simple Moving Average. The presence of a key bearish trend line with
The Arbitrum Foundation, a key player in the Ethereum Layer 2 scaling solution, has recently made a groundbreaking commitment to drive growth and advancement in the gaming sector within its ecosystem. By allocating a substantial sum of $215 million towards the Gaming Catalyst Program (GCP), the foundation aims to revolutionize the gaming industry by encouraging
The recent surge in Ethereum’s price, nearing the $4,000 mark, has created a wave of market enthusiasm. This positive sentiment has been further fueled by the SEC’s approval of Ethereum ETF applications submitted by major asset managers. As a result, digital asset investment products have seen an influx of $2 billion, marking a five-week streak
Bitcoin, the leading cryptocurrency, experienced a weekend with uneventful price actions. Despite a brief uptick towards $70,000, the asset quickly retraced back to familiar levels. This lack of significant movement left many traders and investors waiting for a breakthrough that never came. The accompanying altcoin market also displayed a similar sense of inertia. With the
In the fast-paced world of journalism, there are individuals who go above and beyond to bring information to the masses. One such individual is Christian, whose dedication to both words and cryptocurrencies has shaped his unique career path. From his early days as a feature writer in academia to his current role as a go-to
Looking back at the last market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, just prior to the United States Federal Reserve cutting interest rates. Interestingly, the chart pattern for the current cycle mirrors that of the past. If history is any indication, we may be on the brink of another significant
The release of Overworld Arena introduces a new era of web3 gaming, highlighting the innovative use of blockchain technology to enhance accessibility and engagement. Overworld Arena, the latest expansion by Xterio, offers players the opportunity to participate in PVP betting without the need for NFTs, making it inclusive to a wider audience. This browser-based mini-game