As of 9th July 2024, the net asset value within the spot Bitcoin ETF sector was approximately $50 billion, down from the highest of $54.37 billion in the 30-day data. In this article, we will explain the meaning of net…
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Funds Flow Back into Digital Assets Amid Market Turnaround
The digital asset market has experienced a notable turnaround, with funds flowing back into digital asset investment products after a month of declines. This resurgence coincides with a significant drop in cryptocurrency prices, which have reached their lowest levels in…
Analysis of Why Mythos Chain Has an NFT Future After an Incredible 5,300% Surge in NFT Sales in a Day
Mythos Chain is having an incredible period in the crypto market, recording a massive 5,300% increase within a day to make over $1.6 million in NFT sales. Below, we will explore comprehensively its recent exploits in the NFT market and…
Introducing Saga Token (SAGA): The Token Leading A Market Resurgence with $50 Million Inflow
There’s a new standout token in the market. Saga token is a crypto project whose main objective is to create an E2E infrastructure characterized by infinite scalability, interoperability, and cost-effectiveness. Below, we will examine the project’s overview, the recent surge…
BurgerCities and SKALE Create Unified Metaverse with DeFi and NFTs
BurgerCities is developing a unified metaverse that integrates DeFi and NFTs. This project aims to create a virtual world where users can interact through avatars, engage in social activities, and participate in gaming. Central to this vision is SKALE, a…
South Korea Enforces New Law to Regulate Crypto Trading
As South Korea takes significant strides to regulate its burgeoning cryptocurrency market, a new digital-asset law is set to bring substantial changes to how crypto trading is monitored and managed. With the Financial Supervisory Service (FSS) leading the charge, the…
Sygnum Brings NAV Data Onchain with Chainlink and Fidelity
In a landmark announcement at the Point Zero Forum, Chainlink, Fidelity International, and Sygnum unveiled a transformative collaboration to integrate Net Asset Value (NAV) data onto the blockchain. This pivotal initiative paves the way for the tokenization of substantial financial…
Charles Hoskinson criticizes Biden’s crypto policies and urges voters to focus on regulations in upcoming elections
Charles Hoskinson, a figure in the blockchain industry and the visionary behind Cardano (ADA), has consistently voiced his apprehensions regarding the current U.S. administration’s stance on cryptocurrency. His concerns highlight the crucial role that the upcoming elections play in shaping…
Fidelity ETF Record a $117 Million Inflow While Grayscale Takes a $29 Million Loss
Between July 4th and 5th, Bitcoin saw a downturn, which reduced its price to less than $54k. However, Fidelity ETF led a comeback after receiving a massive inflow of $117 million, while Grayscale recorded an outflow of approximately $29 million.…
Bitcoin NFTs Records Positive Sales of Over 70% After $2.71 Billion BTC Transfers
While the crypto market tried to contain the massive price decline from Bitcoin and other cryptocurrencies, Bitcoin NFTs were performing excellent. On July 5th, there was a 70% growth in the NFT sales to over $3 million, with a combined…