Bitcoin futures open interest reaches a 16-month high: $70,000 granted?
BTC derivatives show moderate bullishness, paving the way for further gains above $70,000.
BTC derivatives show moderate bullishness, paving the way for further gains above $70,000.
AI company Rabbit denied Coffeezilla’s claims that the firm was not forthright about the open-sourcing of its past NFT project.
They say, "As goes Bitcoin, so goes the market." The fourth Bitcoin Halving took place on April 20, 2024. Historically, these events have sparked major rallies in the crypto market. However, these rallies don't start immediately. To predict where the market may go next, let's take a closer look at the third Bitcoin Halving, which…
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Former Consensys employee Jack Jia, co-founder of Stable.com, launches new stablecoin USD3 amid regulatory uncertainty and shifting stablecoin narratives.
Blocksquare, a real estate tokenization protocol, has announced that it has tokenized $100 million in properties across various sectors. The team believes this marks a significant advancement in the digital real estate market, facilitated by the launch of their new decentralized finance (defi) platform, Oceanpoint v0.5. From Hotels to Healthcare: Blocksquare Tokenizes $100 Million in […]
Solana (SOL) is rapidly gaining the attention of institutional investors, who are increasingly showing a strong interest in this crypto token. This trend underscores the possibility that Solana could be the next in line to launch its Spot ETF, a development that could significantly impact the crypto token’s price. Solana Investment Funds Record Year-To-Date Inflows Of $29 Million According to CoinShares’ latest weekly report, Solana investment products currently boast a year-to-date (YTD) net inflows of $29 million. Last week, these funds saw net inflows of $8 million. Meanwhile, these Solana funds have recorded net inflows of $19 million this month alone. Related Reading: Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why This development highlights the significant demand for Solana among institutional investors. It also strengthens the case for SOL as the next crypto asset to have its own Spot ETF following the approval of the Spot Ethereum ETFs. Fund issuers are bound to weigh the popularity of other crypto tokens (besides Bitcoin and Ethereum) when deciding which Crypto ETF to apply for next. Solana is undoubtedly the clear favorite, as it has recorded the most YTD flows among other crypto investment funds, excluding Bitcoin and Ethereum. The demand for Solana among these institutional investors is also evident, given how notable institutions like asset management firm Pantera Capital actively bidded and purchased some of the discounted SOL tokens, which formed part of FTX’s bankruptcy estate. Brian Kelly, founder of digital assets investment firm BKCM, had recently predicted that a Solana Spot ETF was likely next in line, considering that Bitcoin, Ethereum, and Solana are the ‘Big 3’ for this cycle. As such, it is only logical that a SOL ETF comes next since Bitcoin and Ethereum Spot ETFs have been approved. Asset manager Franklin Templeton also backed the Solana narrative, predicting that the crypto token would soon become the third-largest crypto token by market cap behind Bitcoin and Ethereum. Meanwhile, Bloomberg analyst James Seyffart also weighed on the possibility of a Solana ETF being next, stating that this fund will see more demand than other digital assets besides Bitcoin and Ethereum. Digital Asset Products Record Third Consecutive Week Of Inflows Last week was a good one for crypto asset investment products in general. These investment products recorded net inflows for the third consecutive week, with $1.05 billion flowing into these funds. Most of these inflows went into Bitcoin investment products, which recorded net inflows of $1.01 billion last week. Related Reading: Ethereum Spot ETFs: Report Shows Grayscale Could Keep ETH Price Down With $110M Daily Outflows Meanwhile, Ethereum recorded $36 million in net inflows last week. This figure represents the highest inflow that Ethereum investment products have seen since March. CoinShares noted that this was likely an early reaction to the approval of the Spot Ethereum ETFs in the United States. Besides Solana, which saw a net inflow of $8 million, Litecoin, XRP, and Chainlink were the other altcoins that recorded notable flows, with $2.8 million, $400,000, and $600,000 flowing into these crypto assets, respectively. Featured image created with Dall.E, chart from Tradingview.com
The launch of Runes of Bitcoin and the emergence of OP-CAT could redefine the blockchain’s ecosystem as early as 2026.
Ripple is at the top of a long list of crypto industry notables supporting the super PAC.
The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases, has gone live across several exchanges in Europe and Latin America. Mastercard Launches Crypto Credential, Aiming for […]