Author: NBTC
Crypto is the top investment for Gen Z (59%) and Millennials (57%) in ETFs. Younger generations favor crypto due to economic events and technological advancements. Studies show younger investors rank alternative investments, including crypto, above traditional assets. The Nasdaq 2024 Retail Investor Survey reveals that crypto is the top investment interest for both Gen Z and Millennials. According to the survey, 59% of Gen Z and 57% of Millennials selected crypto as their preferred ETF investment theme. This marks a notable shift in investment preferences, with younger generations showing a strong inclination towards digital assets. The data shows a clear…
Meme tokens can be minted in minutes – and the failed assassination of Donald Trump opened a brand-new opportunity. Tokens and ordinals appeared to mark the event, immediately rallying on irrational hype. Almost all chains saw a new wave of tokens, related to the events and images of the failed assassination of Donald Trump, the former US president now battling to regain the post. Dextools showed a FIGHT token was minted on Ethereum, immediately gaining a pairing with WETH. Also Read: Meme coins rally on the back of Donald Trump’s failed assassination The new batch of tokens extends the PolitiFi…
Jeff Zirlin, co-founder of Sky Mavis, shared with Crypto Briefing what’s next for the Ronin ecosystem and how they plan to offer a permissionless infrastructure for game developers. Ronin recently reached the 2 million daily active users mark boosted by gaming titles such as Pixels and Lumiterra, according to DappRadar. “We have some really exciting gameplay launches coming up, such as the Forgotten Runes closed beta. They’ve been building throughout the bear market and are a super OG Ethereum collection. We also have Lumitera, which is like a Chinese MMO that will also have a beta test this month. We…
Cat-themed coins were the crypto sector with the best performance in the past 24 hours, according to data aggregator CoinGecko. Their performance was heavily boosted by the newly launched hehe (HEHE) token, which soared over 193% in the period, followed by Michi (MICHI) and Keyboard Cat (KEYCAT) upward movements of 60% and 39%, respectively. The HEHE token is a meme coin based on the picture of a smiling cat with a “hehe” subtitle, which now holds over $6 million in market cap. Additionally, HEHE shows over $2 million in daily trading volume, which is a significant amount for a meme…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Traditional finance has produced many good things, like near-instant payments, intuitive mobile apps, etc. But on the flip side, its centralized and siloed infrastructures have created deep financial inequalities across geographical and cultural lines. Roughly one percent of the world’s population owns over $87 trillion in financial assets, i.e., over 43% of the total global financial wealth. More than 63% of their wealth is in financial assets compared to 37% for the majority. You might also like:…
Bitcoin bull Metaplanet has established a new subsidiary, Metaplanet Capital Limited, to enhance its Bitcoin management and expand into new regions. According to a June 25 statement, Metaplanet revealed that the subsidiary would be registered in the British Virgin Islands and be a part of its consolidation group companies. The subsidiary will be focused on managing the Tokyo stock exchange-listed firm’s Bitcoin holdings and strengthening its BTC-only strategy. Additionally, the firm would seek to capitalize on international growth opportunities that would aid Metaplanet’s global expansion. It added: “This move allows us to leverage the favorable regulatory environment, optimize our financial…
The BlackRock USD Institutional Digital Liquidity (BUIDL) fund paid out over $2 million in dividends in July, marking a record monthly payout. According to Etherscan data, BlackRock distributed $2.12 million to investors in July, a 16% increase from June. Since its launch, the fund has paid out more than $7 million in dividends, with yields rising each month. BlackRock’s BUIDL July Dividends Reach $2.1 Million BUIDL, BlackRock’s first tokenized fund, was launched on the Ethereum blockchain in March. It has since reached a market value of approximately $522 million, as per Etherscan data, and quickly surpassed established funds like Franklin…
Ethereum’s Layer 2 ecosystem is experiencing a surge in growth, driven by rising optimism over the potential approval of a spot ETH exchange-traded fund (ETF). The top five projects by Fully Diluted Valuation (FDV), as tracked by analytics platform CryptoRank.io, are leading the charge. Top 10 Ethereum Layer 2 Blockchains by FDV@Optimism – $7.33B@arbitrum – $6.91B@Starknet – $5.57B@0xMantle – $4.31B@zksync – $3.15B@Immutable – $2.46B@taikoxyz – $2.19B@blast – $1.57B@MantaNetwork – $817M@BuildOnCyber – $412M pic.twitter.com/iwkm93fLKm — CryptoRank.io (@CryptoRank_io) July 12, 2024 These projects – Optimism (OP), Arbitrum (ARB), Starknet (STR), 0xMantle (MNT), and zkSync (ZK) – are each making significant strides in…
Ras Al Khaimah, UAE – Ibanera, a trailblazer in digital banking, is setting the stage for its next big leap with a strategic partnership with RAK Digital Assets Oasis (RAK DAO), the pioneering Free Zone dedicated to digital assets. This collaboration opens new doors for Ibanera to tap into the dynamic Web3 landscape and fintech opportunities in the Middle East.—Ibanera’s entry into the region through RAK DAO’s extensive network marks a significant milestone in its global expansion strategy. By aligning with RAK DAO, Ibanera gains access to an array of resources designed to propel growth and innovation. This includes a…
Bitcoin (BTC) long-term holders (LTHs) are the investors with the most profit-taking and less trading activity in crypto currently, according to the latest “The Week On-chain” report by Glassnode. Despite their daily on-chain volume of 4% to 8%, the LTH represents up to 40% of the profit-taking movements. “Whilst there are occasional bursts of spending activity for each cohort, the frequency of high-spending days increases dramatically during the euphoria phase of a bull market,” the report points out. “This highlights the relatively consistent behavior pattern of long-term investors taking profits during periods of rapid price appreciation.” This behavior underscores the…