Author: NBTC
Data from SoSoValue shows that the total net inflow of spot Bitcoin ETF on February 16 was $331 million. Further analysis of information from the analysis hub reveals that investors have achieved the inflow for 16 consecutive trading days. According to SoSoValue, the total net inflow of Bitcoin spot ETF on February 16 was $331 million, which has been achieved for 16 consecutive trading days. The single-day net inflow of BlackRock ETF IBIT was $191 million. The current total historical net inflow of IBIT has reached… — Wu Blockchain (@WuBlockchain) February 17, 2024 It is essential to note that BlackRock’s…
The Decentralized Finance (DeFi) ecosystem, a revolutionary space in the financial world, is continuously evolving, presenting new opportunities for asset management and income generation. At the heart of this transformation are “vaults” – once simple digital safes for storing cryptocurrencies, now complex financial instruments driving the DeFi economy. This article explores how vaults have evolved beyond their original purpose of safeguarding assets to become key instruments for yield generation, focusing on four leading platforms that illustrate this development. The Evolution of Vaults in DeFi Initially, DeFi vaults served the primary purpose of securing digital assets. As the DeFi sector grew,…
“The Everything Token: How NFTs and Web3 Will Transform the Way We Buy, Sell, and Create,” the new book co-authored by Steve Kaczynski and Scott Duke Kominers, is making waves for its unique approach to demystifying NFTs and blockchain for a broad audience. Since its January 23 release, “The Everything Token” has garnered substantial support from key figures in the NFT community—including Yuga Labs co-founder Wylie “Gordon Goner” Aronow, as the Bored Ape Yacht Club co-creator shared that he purchased 100 copies of the book. (There’s photo evidence, too.) While NFTs have now spent years in the spotlight, “The Everything…
The leading cryptocurrency, Bitcoin, continued its strong rise that started last week and exceeded $ 50,000. While this rise in BTC triggered a significant rise in the crypto market, inflation data from the USA will be followed today. At this point, Wall Street giants expect a major decline in both CPI and core CPI inflation data. Despite the significant decrease in inflation, the FED is cautious about interest rate cuts in March, while future economic data is expected to give an idea about the FED’s interest policy in the following months. Wall Street giants disagree on the decline in inflation.…
Chainlink (LINK) whales are on a rampage as there is visible massive accumulation of the token as spotted on-chain. Per data from the crypto analytics platform Lookonchain, as many as 83 different wallets have withdrawn more than 11,097,687 LINK worth $216.4 million from the Binance exchange. Per the insight from Lookonchain, the Chainlink whale addresses under the radar might belong to a single institution, and this marks a similar trend that has been observed in the LINK ecosystem for the better part of this year. 83 fresh wallets(may belong to the same institution) withdrew a total of 11,097,687 $LINK($216.4M) from…
In recent on-chain data from Spot On Chain, an Ethereum whale appears to have engaged in significant accumulation activity, sparking interest and speculation within the ETH community. According to the platform, the whale address in question has purchased a total of 64,501 ETH in the past three days, amounting to roughly $187 million at current market prices, Ethereum Whale Accumulation Spot On Chain reported that earlier today, the whale acquired approximately 13,526 ETH at an average price of $2,947 per ETH. This accumulation, valued at over $39 million, adds to the already substantial holdings of the whale, suggesting a bullish outlook…
The Bitcoin halving schedule for 2024 becomes crucial amid the aftermath of the 2022 crypto winter and the 2023 economic downturn. By curbing BTC creation, it gradually limits Bitcoin’s supply, akin to the scarcity seen in gold. The total supply of Bitcoin is capped at 21 million, with slightly over 19 million already mined. This leaves just under 2 million Bitcoins left to be created. Here’s what to expect from the Bitcoin halving in April 2024. Winter’s gone? Bitcoin experienced a significant rally in 2023, witnessing a remarkable surge of approximately 152% throughout the year. This surge came after a…
BlockGuard, a Web3 innovator building an investment platform to bridge the gap between traditional finance and DeFi, has entered into a strategic partnership with Masterblox. The latter is a hyperscaling partner that has been providing blockchain projects access to strategic partnerships and fundraising opportunities since 2021. According to the announcement, this partnership will allow BlockGuard to leverage Masterblox’s growth hacking techniques alongside cutting-edge systems to improve the efficiency of its Web3-based wealth management platform: BlockGuard Wealth Management (BGWM). BlockGuard’s Web3-based Wealth Management Platform At its core, BlockGuard’s BGWM platform taps into the power of blockchain technology, specifically DeFi and NFTs,…
Sberbank, Russia’s biggest bank, announced the launch of a digital financial asset and NFT trading platform. On February 2, Sberbank explained that its “digital financial assets (DFAs) platform” was open to “all individuals.” The bank added that “qualified investors” can also invest in a blockchain-powered “asset” pegged to the average cost of residential real estate in Moscow. This token will track the value of the Sberbank Digital Square Meter Index (SBERDSMI), hosted on the Sberbank CIB Index portal. The bank explained that it would offer access to this coin until February 15, and that it was “scheduled to mature between…
Investing in Ethereum (ETH), the second-largest crypto by market market, has become increasingly popular among both retail and institutional investors. With the anticipated approval of Spot Ethereum ETFs in May, investors now brace for a new avenue to gain exposure to the digital asset. However, like any investment vehicle, Ethereum ETFs come with their own set of advantages and disadvantages that investors should carefully consider. Spot Ethereum ETF Advantages 1. Diversification: Ethereum ETFs offer investors exposure to Ethereum’s price appreciation while providing portfolio diversification. By including Ethereum alongside traditional assets, investors can mitigate risk and potentially enhance returns by spreading…