Author: dfmines

Manasquan Bank, a mutual community bank in New Jersey serving residents since 1874, has announced it is partnering with the company Bakkt to give its retail clients the ability to buy, sell and hold cryptocurrency through the bank’s mobile banking application. Manasquan Bank to Give Customers Access to Crypto A mutual community bank headquartered in […]

In anticipation of the next paradigm shift for gaming, Neon Media focuses on building responsible systems, messaging and engagement, as well as product evolution.

There is growing data to suggest that the coming few months and years could see Ether truly deliver on its ‘flippening’ promise.

Bitcoin and altcoins have not had the best week according to reports coming out of the market. The crypto market as a whole has been enjoying months of continuous inflows following hot on the heels of the recent market rally. It has pushed crypto-assets such as bitcoin towards new highs as inflows had hit a new record alongside assets under management. But it seems that this is changing. Coming off the back of what was 17 consecutive weeks of inflows, the market is now seeing movement in the opposite direction. While assets such as ethereum had previously recorded outflows at various times, they had been isolated to a select few. Now the whole market is seeing its first week of outflows after four months of inflows, setting a record at the same time. Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds Largest Record Outflows The total amount of outflows for last week came out to a total of $142 million. This marked the first week of outflows after a 17-week inflows streak that brought assets under management towards record highs. Not only was this the first week of outflows following over four months of inflows, but it is also the largest weekly outflow from the crypto market on record. This follows an impressive rally from the crypto market where major cryptocurrencies touched towards a new high. There have been sell-offs all across the market as investors have taken profit and institutional investors are not left out. However, the outflows, despite being a record high, represent only a small total (0.23%) of the asset under management and are also meager compared to the outflows of 2018 that touched as high as 1.6% of total AuM. The total inflows for the year had reached a record high of $9.5 billion, almost 50% higher than the record that was set in 2020 of $6.7 billion. So despite the outflows, inflows for the year still remain at a record high. CoinShares also notes that the crypto market is not the only one that has recorded outflows either. Risk assets have all seen outflows after the U.S. Fed had released its statement on tapering. Bitcoin Leads Outflows Bitcoin took the lead for the asset with the most outflows for the week. The digital asset had seen its price plummet back to below $50,000 since hitting its all-time high of $69K but had continued to maintain inflows in the weeks following that. This marks the first outflows for over 17 weeks but remains firmly below outflows levels recorded in June that touched as high as $150 million. Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K Ethereum has alternated between inflows and outflows for the last 17 weeks. The second-largest cryptocurrency also saw record outflows for the week with a total of $64 million in outflows as it continues to counter bitcoin’s outflows. Solana, Polkadot, and multi-asset investment products were spared of the onslaught as they saw $6.7 million, $2.5 million, and $1.5 million in inflows respectively. BTC recovers above $48K | Source: BTCUSD on TradingView.com Featured image from Wikipedia, chart from TradingView.com

OR (Optimistic Rollup) and ZKR (ZK Rollup) are great. But I'm curious, Is it possible to build a ZKR on an OR? E.g. Polygon builds another zk rollup on Arbitrum How about building an 'L3' on L2 to get 10,000x fee reduction? Or build an L4 and get 1 million fee reduction?? Or build an…
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I'm not a huge believer in technical analysis when it comes to Crypto, but some patterns definitely come into play when you look at the past, especially when those patterns keep repeating the same situation from the bounce in September. From what the entire market and the Crypto charts are currently indicating, it is incredibly…
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I know, the most popular post on this sub ever is called "You hear about the kid who put in $500 into a memecoin and made 100k, but you don't hear about the hundreds who put $1000 and are left with $0.1" – survivorship bias is not a new concept. But reading the comments on…
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