On August 5, spot Bitcoin exchange-traded funds (ETFs) in the United States saw a historic milestone, surpassing $5 billion in daily trading volume. This surge in volume is the first of its kind since mid-April, indicating a renewed interest in Bitcoin ETFs among investors. DefiLlama data revealed that BlackRock’s IBIT ETF played a significant role
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Recently, Binance CEO Richard Teng announced that the exchange experienced record inflows and some of the highest trading volumes of the year. This surge in activity was prompted by investor panic in the volatile market on August 5th. Strong Investor Confidence Despite the macroeconomic climate and market downturn, Binance saw a net inflow of $1.2
Supervillain Wanted is a game that has taken both the gaming and blockchain communities by storm with its unique play-to-earn approach. Developed by Supervillain Labs, this game has already garnered over 100,000 downloads since its release. Operating within the Aptos ecosystem, Supervillain Labs aims to create a gaming experience that combines elements from both Web
The total crypto market capitalization recently took a hit, plummeting to $1.83 trillion as Bitcoin and Ethereum experienced sharp declines. This drastic drop wiped out $500 billion from the market in less than a week. However, the market has since rebounded, with the total cap figure climbing back up to $2.06 trillion at the time
Cardano is gearing up for the Chang hard fork, which will mark the beginning of the Voltaire era by ushering in on-chain governance. This upgrade is set to empower ADA holders with the ability to directly participate in decision-making processes, thus bringing the platform one step closer to achieving a fully decentralized blockchain ecosystem. Cardano’s
Amidst the overall downtrend in the crypto market, Cardano (ADA) has managed to stand out with its remarkable on-chain activity. The Cardano foundation reported a significant increase in on-chain activity for the blockchain in July, showcasing resilience and growing user engagement. The network saw a noteworthy uptick in transactions, reaching 94.6 million, indicating a 1.62%
Jan van Eck, the CEO of VanEck, a prominent investment management firm, has recently expressed his extremely bullish stance on Bitcoin. He predicts that Bitcoin could surge to an astonishing price target of $350,000, driven by its adoption rate comparable to that of gold. In a recent interview with Fox Business, Van Eck emphasized his
The recent upheaval in the cryptocurrency market has sent shockwaves through the industry, with major digital assets like Bitcoin and Ethereum experiencing a significant drop in value. The sudden sell-off, which saw prices plummet by over 20%, has left many investors reeling and searching for answers. At the center of this storm is Justin Sun,
After a significant market crash that saw Ethereum plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a surge in inflows. On August 5, nine newly launched spot ETH ETFs recorded an aggregate inflow of $49 million. This marked the second-highest inflow day since the funds began trading, indicating a strong
Unstoppable Domains and Amazon Web Services (AWS) recently organized a global virtual hackathon that attracted over 1,100 participants. This event, hosted on Devpost.com, aimed to explore the intersection of Web3 and artificial intelligence (AI) by leveraging AWS’s cloud computing capabilities and Unstoppable Domains’ blockchain-based digital identity solutions. A total of 55 innovative projects were submitted
