Hong Kong crypto spot ETF sees $2.92 billion in net inflows on first day of launch, Bitcoin is in general correction in bull market Opinion
Bloomberg ETF analyst Eric Balchunas reports via X that “final data from the first day of Hong Kong's cryptocurrency spot ETFs are in. Hong Kong crypto spot ETFs saw total inflows of $292 million on the first day. Ethereum spot ETF inflows accounted for 15% of that total. While this is much more...
Bitcoin slumps to the mid-$500,000s... Where's all the good news?
As the U.S. central bank (Fed) kept its benchmark interest rate unchanged for the sixth consecutive month on Jan. 1 (local time), bitcoin fell to $55K per unit for the first time in more than two months. Bitcoin has been on a downward spiral despite good news like the halving and Hong Kong's...
Powell “Fed to decide next rate move, won't be hike”
U.S. Federal Reserve (Fed) Chairman Jerome Powell said on Jan. 1 (local time) that the Fed's next move on interest rates is unlikely to be a rate hike. He also noted that inflation data has exceeded expectations so far this year, reaffirming his previous stance that it will take longer to gain...
Bitcoin, the most beautiful currency in the world, and the most bullish development in the crypto ecosystem Bitcoin Spot ETF
“Bitcoin (BTC) is the most beautiful currency in the world,” said Paolo Ardoino, CEO of Tether (USDT), the world's largest dollar-pegged stablecoin issuer. Ardoino, who is also CTO of Bitfinex, made the remarks during an interview with CryptoPotato at the recent Token 2024 Dubai conference, where...
Bitcoin hits fourth halving, mining rewards drop while network fees skyrocket - why?
According to Bitcoin Explorer's BTC Scan, the Bitcoin blockchain has reached its fourth halving with the 840,000th block mined. As a result, the reward for mining a Bitcoin block was reduced from 6.25 BTC to 3.125 BTC. The 840,000th block was confirmed to have been mined by ViaBTC, the world's...
Concerns surrounding TikTok are valid... Blockchain technology should protect privacy
According to Cointelegraph, Jeffrey Edell, CEO of US social network MeWe, commented on the US government's concerns about TikTok, saying, "The concerns surrounding TikTok are valid. However, I don't think the focus should be on one app or one country. Companies should create and commit to strict...
'Less than two years away'...expectations of a US rate cut drastically reduced amid high inflation
Expectations for the Federal Reserve (Fed) to cut its benchmark interest rate further diminished as U.S. underlying inflation beat market expectations for a third straight month. Market participants now see two rate cuts this year, with a growing number expecting just one. The likelihood of the...
Bitcoin has fallen sharply on diminished expectations of a rate cut by the US Federal Reserve
US stocks fell on speculation that the Fed will remain cautious about cutting interest rates. The Dow Jones Industrial Average closed at 396.61 points, or 1%, down from the previous trading day at 39,170.24. The S&P 500 was down 37.96 points, or 0.72%, at 5205.81, while the tech-heavy Nasdaq...
"Ethereum Layer 3 undermines mainnet security," Polygon CEO says in controversial remarks.
Marc Boiron, CEO of Polygon Labs, the developer of Ethereum's Layer 2 network Polygon, has sparked controversy by publicly sniping at Layer 3 networks as unnecessary technology. "Layer 3 is not needed to scale Ethereum and exists only to steal value from the mainnet," Boiron wrote on social media...
Check out today's major crypto indices you need to know
Today could be a big day for the crypto market. First up is the expiration of a whopping $9.58 billion worth of options. The Crypto Greed Index is still hovering around the low 80s and remains extremely greedy, so that's something to keep an eye on as well. U.S. stocks closed mixed amid mixed...
Nestree launches blockchain bridge service 'Bridge.Nestree'
Nestree(In South Korea), a platform that provides analytics, insights, data and a rewards platform for the WEB3 space, is launching the Token Bridge service to move tokens from the Ethereum network to AvitrumNova. Each blockchain has its own protocols and rules that prevent them from...
Blue Chip Azuki launches NFT photorealistic collection to celebrate Shanghai Garden Tour
In March, NFT blue chip Azuki launched a new collection in collaboration with virtual reality-based fashion brand NXT Labs. The collection celebrates Azuki's offline community events, Garden Tours, and specifically the Shanghai Garden Tour, the first stop on a five-country tour of Asia. The...