Hong Kong has taken a significant step in embracing the world of cryptocurrencies by officially approving six crypto-based spot Exchange-Traded Funds (ETFs) to commence trading on April 30, according to analysts at Bloomberg. This move marks a positive development for…
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Ethereum Restaking Marks New Era in Digital Finance With 9% Surge in Staked Assets
The digital finance landscape has undergone a seismic shift with the advent of restaking, particularly within the Ethereum network. This innovative concept has not only amplified the allure of Ethereum (ETH) staking but also marked the inception of a new…
FTX Sells Solana Tokens at a Massive Discount in Bankruptcy Move, Drawing Industry Interest
In a notable development within the cryptocurrency landscape, FTX’s bankruptcy administrators have garnered significant attention with their recent sale of a considerable portion of Solana (SOL) tokens at a considerable markdown. This transaction, featuring prominent industry players like Galaxy Trading…
Staked Solana Worth $24M Locked on Lido Due to Contract Error
In recent developments, it has come to light that as much as $24 million worth of tokenized staked Solana (stSOL) has inadvertently been locked on Lido’s liquid-staking platform. This unfortunate occurrence stems from a faulty smart contract, which has caused…
ARK 21Shares Bitcoin ETF Sees Historic Daily Outflow Surpassing Grayscale With $87 Million Withdrawn
Cathie Wood’s ARK 21Shares Bitcoin exchange-traded fund (ETF) experienced a historic daily outflow of over $87 million on April 2. This marked the first time that the fund witnessed a larger daily outflow than Grayscale’s Bitcoin Trust (GBTC) since the…
DeepBook Rolls Out DEEP Token to Boost Sui Network DeFi Liquidity
DeepBook, a native liquidity layer developed by Sui, is preparing to unlock its complete potential through the introduction of its native token, DEEP. This strategic step firmly establishes DeepBook as a critical financial infrastructure within the Sui network, providing institutional…
BlackRock’s $240 Million Blockchain-Based Money-Market Fund
BlackRock, has once again made waves in the financial industry with the launch of its money-market fund. What sets this fund apart is its innovative use of blockchain technology, specifically the Ethereum blockchain, to record share ownership. Since its debut…
Tencent Cloud Introduces Sui Support for RPC Service
In September 2023, Tencent Cloud rolled out a blockchain RPC service catering to several major networks, including Sui, aiming to support developers with enhanced blockchain application performance. This service, offering up to 18,000 requests per second, starts with a free…
Grayscale Bitcoin Trust (GBTC) at Risk of Depleting $24.6 Billion Holdings
The Grayscale Bitcoin Trust (GBTC) has been experiencing sustained outflows, leading to speculation about the remaining runway for its substantial bitcoin holdings. In this article, we delve into the current state of GBTC, the reasons behind the outflows, the emergence…
Bitcoin’s Price Adjustment and ETF Trends: An Analysis of Current Market Dynamics
Bitcoin, the world’s largest cryptocurrency, has witnessed a notable price correction, peeling back over 10% from its all-time high. This decline can be attributed to several factors, including a moderation in the appetite for fledgling spot Bitcoin exchange-traded funds (ETFs).…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
