The 10 spot Bitcoin ETFs experienced their biggest three-day outflow since their debut in January, as reported by Bloomberg. This shift in investor sentiment comes after heightened interest that propelled the largest cryptocurrency in the market to a record high of $73,700. Bitcoin ETFs See Record Outflows Between Monday and Wednesday, a net total of…
The Solana ecosystem has achieved a significant milestone by becoming the most popular blockchain ecosystem of the year. This is due to its ability to capture nearly half of the world’s crypto investor interest in the chain-specific theater. Together with the outstanding performance of native meme coins like dogwifhat and important ecosystem project tokens like…
According to a Bloomberg report, Celsius Network, the crypto platform that filed for bankruptcy in July 2022, demands that major customers who collectively withdrew over $2 billion before the bankruptcy return those funds to avoid potential litigation. An oversight committee formed during Celsius’s Chapter 11 case has begun contacting customers who withdrew more than $100,000…
The decentralized finance (DeFi) ecosystem teetered on the brink of a meltdown yesterday as cascading liquidations swept through the market following a sharp drop in Ethereum (ETH) price. Over $5.4 million in collateralized assets were forcibly sold off in a 24-hour period, raising concerns about the stability of the DeFi house of cards. Ethereum, the…
Injective Protocol, a decentralized finance-centric platform, has launched TokenStation. In a blog post on March 18, Injective said the solution, deployed on its mainnet, allows users to launch native tokens. With this tool, Injective said it would empower anyone to create their tokens in a low-fee and scalable environment. Injective Launches TokenStation, Strikes Key Partnership The…
Felix Xu is the Co-Founder of ARPA Network, a decentralized computation network based on threshold cryptography and its use cases. Why you should listen Randcast is ARPA’s first product, an on-chain verifiable random number generation service with an easy-to-use Smart Contract SDK that can be directly integrated into DApps to provide out-of-the-box functionalities like rolling…
The Ethereum liquidity staking protocol Rocket Pool is on the brink of a massive transformation with the incoming Dencun upgrade. As one community advocate points out, this change is primarily due to the enhancements the Houston upgrade will tag. Eyes On Dencun Upgrade In a recent post on X, the advocate explained that the Dencun upgrade, scheduled…
BlackRock’s Bitcoin ETF, IBIT, achieved a remarkable milestone on March 5. Attracting a staggering $788 million, it exceeded its previous record of $612 million in inflows in a single day. This surge in investment coincided with Bitcoin reaching a new all-time high (ATH) of $69,300, surpassing its previous ATH set in 2021. Bitcoin ETF Trading…
The Solana decentralized finance (DeFi) sector is experiencing a period of phenomenal growth, with decentralized exchanges (DEXes) witnessing record-breaking trading volumes and the native token, SOL, reaching a new 20-month high. However, amidst the euphoria, experts advise caution due to potential market risks. Solana: ‘Greed’ Index While Solana’s DeFi landscape flourishes, it’s crucial to acknowledge…
Connor O’Shea is the CEO of Bril Finance, a cutting edge DeFi UX for seamless access to professional-grade portfolio management algorithms and yield strategies. Why you should listen Bril is a sophisticated decentralized finance (DeFi) tool that actively optimizes and manages portfolio strategies in a secure, non-custodial manner. The dapp allows users to deposit tokens…