Author: NBTC
The spot Bitcoin ETF sector is again in the red zone, experiencing a capital outflow of $217 million on April 25. According to SoSo Value, funds did not move in five ETFs, including BlackRock’s iShares Bitcoin Trust ETF (IBIT). This is the second day in a row that the BlackRock fund has not recorded an inflow of capital. Source: SoSo Value In addition to the Grayscale Bitcoin Trust ETF (GBTC), outflows were recorded in four ETFs, including the one from Fidelity Investments and ARK Invest/21Shares. Despite the latest trend, IBIT was among the top 10 ETFs with a long period…
Quick Take Bitcoin left a significant mark on the ETF industry in 2024, with Bitcoin ETFs drawing in more than $12 billion in net inflows combined. Leading this surge is BlackRock’s iShares Bitcoin ETF (IBIT), which has accumulated over $15 billion in net inflows and stands at the forefront of this success narrative. Recently, IBIT completed an impressive streak of 71 consecutive days of inflows, firmly establishing itself among the top 10 US ETFs in terms of successive inflows. However, to fully grasp the significance of IBIT’s achievement, it’s crucial to compare it with the SPDR Gold ETF (GLD), given…
The Milady meme project launches Meme Phone as part of the presented roadmap. According to the project statement, the limited edition phone for Milady Meme Coin (LADYS) owners is a testament to the project’s commitment to “innovation and creativity.” 🎉 Unveiling $LADYF Depin project: Meme Phone📱We’re thrilled to announce the launch of our exclusive Meme Phone, a monumental milestone as part of our roadmap! 🚀 This limited-edition phone is a testament to our commitment to innovation and creativity.Details are below 🌟 👇 pic.twitter.com/UVPA25mMng — Milady (@miladymemecoin) March 27, 2024 You might also like: Milady developer steals $1m in fees, takes…
As the Mt. Gox exchange prepares to release billions of dollars worth of Bitcoin (BTC), market analysts speculate on the potential for a sell-off that could depress Bitcoin prices. Despite these concerns, industry leaders posit that Bitcoin maximalists and long-term holders might mitigate any significant market downturn. Approximately 142,000 BTC, valued at over $9 billion, and 143,000 BCH, are slated for distribution to creditors by October as part of the repayment plan from the infamous hack. While the payouts are a boon for creditors, they pose a risk of triggering sell-offs, potentially affecting Bitcoin’s price. Brad Howell of Keyrock UK…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since their inception, non-fungible tokens have taken not just the art world by storm but the wider public consciousness as well. From mere digital collectibles selling for a few dollars, NFTs have burgeoned into multi-million dollar assets with diverse utility, signifying an emblematic revolution within the landscape of digital ownership and creation. However, amidst this backdrop of rapid growth and innovation, each evolutionary step exposes a need for standardization, and this is where ERC-404 comes to the…
Key takeaways $VELAR is set to make history as the first Bitcoin ecosystem project to launch on a top crypto exchange. The collaboration between Velar and Bybit signifies a notable advancement for Bitcoin’s role in DeFi Velar is poised to unlock the full potential of Bitcoin, mirroring the advancements seen on Ethereum. Velar, a pioneering Bitcoin liquidity protocol, is set to make waves by introducing trillions of dormant Bitcoin capital into the DeFi ecosystem. This significant development comes as Velar announces its Initial Exchange Offering (IEO) on Bybit, a leading exchange known for its immense trading volume and comprehensive derivatives…
Imagine spending countless hours upgrading your race car in your favorite game, fine-tuning every detail and unlocking new features as you play to make it both beautiful and blazingly fast…only to lose it forever when you stop playing the game. What if you could truly own and monetize your in-game creations? Enter the world of tokenized user-generated content (UGC). Throughout history, humans have prized self-expression and individuality. And in the gaming sphere, this desire has reached new heights with the rise of UGC. Games like Roblox and Minecraft — which average hundreds of millions of players monthly — have revolutionized…
The months-long torrent of cash flowing into new Bitcoin exchange-traded funds (ETFs) has finally stalled. Investors pulled nearly $218 million out of the products yesterday, according to data from London-based investment firm Farside Investors. The substantial cash out comes after a key federal economic report indicated that the American economy grew slower than expected in the first quarter. The metrics likely mean that the Federal Reserve won’t slash interest rates anytime soon, after raising them to a 23-year high to battle inflation. If interest rates remain high, investors typically steer clear of “risk-on” assets like Bitcoin. Back in January, the…
It’s not much of a secret: When NFTs broke out as a coherent asset class in 2021, their value proposition was, chiefly, rampant speculation. Since then, NFT projects have spent untold millions attempting to pivot their brands towards more serious-sounding, sustainable futures; most opted to go all-in on the ephemeral, provocative concept of intellectual property, or IP. It has never been resolved, however, what exactly IP means in such a context, nor to what extent NFT projects can bestow IP rights onto their holders. Those unanswered questions bubbled back to the surface this week, when Yuga Labs—the multi-billion dollar company…
Mantle’s market value rose to over $4 billion. The layer 2 blockchain said users can lock their MNT into a vault and accumulate rewards. Mantle, the layer 2 scalability solution built atop Ethereum, witnessed its native token surge to a fresh all-time high on Wednesday, pushing its market value to over $4 billion, outperforming the rest of the market. MNT jumped to a high of $1.45 from a 24-hour low of $0.90. Mantle announced on X (formerly Twitter) that its ‘Mantle Rewards Station’ is now live. This means that users can connect their wallets and lock their MNT into a…