Author: Mahamat Ashraf

Article written by Mahamat Ashraf

11 US-spot Bitcoin ETFs accumulate over $17 billion

July 22, 2024 2 mins read

US-based Bitcoin exchange-traded funds (ETFs) have experienced an unprecedented influx of more than $17 billion in investments, primarily due to the influence of BlackRock’s IBIT. The presence of Bitcoin whales has diminished the downward pressure on selling, which has played a role in maintaining Bitcoin’s price stability above $67,000. On July 17th, 11 Bitcoin ETFs in the US experienced a combined daily net inflow of $53.35 million. This marks the

Panasonic, IBM partner with Constellation Network to debut its Blockchain of Blockchains

July 15, 2024 2 mins read

Constellation Network is organizing the Global Metagraph Hackathon, an online event that will take place from July 15th to September 9th, 2024. The purpose of this hackathon is to motivate developers to create applications using the Hypergraph distributed ledger technology. The event, scheduled from July 15th to September 9th, 2024, will distribute a prize of $100,000 in $DAG (Constellation Network’s money) to winners in different categories related to metagraph creation

Bitget exchange lists TON-based Meme Token DOGS

July 12, 2024 1 min read

Bitget, a crypto exchange and Web3 company, has added DOGS, a trending memecoin from the TON ecosystem, to its Premarket platform. This addition allows users to gain early pricing power over DOGS, providing a comprehensive solution for traders and investors seeking early access to promising tokens. DOGS has gained traction due to its airdrop mechanism and widespread promotion. The pre-market platform has previously listed tokens such as Notcoin (NOT) and

Usual Labs Secures $75M in TVL for USD0 During Private Phase

July 10, 2024 1 min read

Usual Labs, the pioneering company behind the USD0 stablecoin, has announced its public pre-launch phase. Following a successful private launch, Usual Labs secured $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month. USUAL stands as a secure, transparent, and decentralized Tether that redistributing ownership and value through the USUAL token. As a Real World Assets (RWA) infrastructure, it aggregates RWA

Status to launch L2 rollup and token staking contract

July 9, 2024 2 mins read

Status has announced plans to launch an L2 rollup and a staking mechanism for its native token, $SNT, which will unlock a new public funding model and establish a collaborative, open Status ecosystem. Following a governance vote, Status community members prioritized more utility from $SNT through staking and launching Status Network, an L2 rollup on Ethereum. Status Network is designed as an open playground for communities, focusing on public funding

LCA announces the launch of Propeller, the first dApp built on the open-source communications protocol

June 27, 2024 1 min read

LCA has launched Propeller, the first decentralized application (dApp) built on the open-source communications protocol, River. Propeller aims to improve product feedback and user engagement by facilitating dynamic conversations between users and product teams. The platform is designed to empower communities with enhanced privacy, security, reputation, and ownership. It allows users to interact directly with team members, share ideas, and engage with other power users while being rewarded for their

US SEC Chair Gary Gensler reports smooth progress in approving Ethereum ETFs

June 26, 2024 1 min read

At the Bloomberg Invest Summit in New York, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), stated that the Ethereum ETF applications are being approved without any major issues. However, he did not provide a specific timeline for when these ETFs will begin trading. Gensler underscored the necessity for asset managers to provide accurate and comprehensive disclosures prior to initiating a project. Prior to this, Gensler

Tether (USDT) to invest $1B in AI and Biotech sectors

June 12, 2024 1 min read

Over the course of the next year, Tether Holdings Inc., the stablecoin powerhouse that is responsible for USDT, has said that it intends to invest more than $1 billion in the fields of artificial intelligence and biotechnology. Paolo Ardoino, the CEO of the company, is in charge of the investment arm of the company, which intends to make investments in a variety of industries, including data, finance, and neural implants.

Ark Invest sells 323,801 Robinhood shares, spread throughout its three funds

June 12, 2024 1 min read

Cathie Wood’s Ark Invest carried out a significant sale of Robinhood Markets Inc. (HOOD) on June 10, 2024. This was done in spite of the fact that the crypto exchange had recently bought Bitstamp. More than $7.5 million in revenue was earned by the company as a result of the selling of HOOD shares, which led to a considerable decrease in the stock price. A total of 323,801 shares were

Fidelity’s FBTC leads a surge as US spot Bitcoin ETFs attract $105 million in daily inflows

June 5, 2024 1 min read

Fidelity’s FBTC was the top recipient of $105 million in inflows for the US spot Bitcoin ETF on June 3, 2024. These Exchange-Traded Funds (ETFs) have had 15 consecutive days of capital inflows, suggesting strong investor interest. As of June 3, SoSoValue has reported $13.96 billion in net inflows from 11 Bitcoin ETFs licensed in the United States. Within the last 24 hours, a total of $105 million was allocated

Kabosu, the Shiba Inu behind Dogecoin and the Doge meme, passed away peacefully

May 24, 2024 1 min read

Kabosu, the Shiba Inu behind Dogecoin and the Doge meme, died quietly, causing a massive crypto community response. Kabosu, the Shiba Inu that inspired Doge and Dogecoin, died quietly Friday. Kabosu died in her sleep, providing millions of people pleasure and influencing online culture, according to her owner, Atsuko Sato. Kabosu, a rescue dog, was famed for her expression. Her viral picture inspired Dogecoin (DOGE), a joke that became a

The US SEC has asked Nasdaq and Cboe to revise their Ethereum ETF proposals

May 23, 2024 1 min read

Nasdaq and Cboe have been urged by the US SEC to alter their spot Ethereum ETF plans. This request is vital to the regulatory review process and shows the SEC’s commitment to ensuring certain financial products fulfill requirements. Grayscale, BlackRock, Vaneck, 21Shares, Ark Invest, Hashdex, Invesco, Galaxy, Fidelity, Franklin Templeton, and Bitwise await SEC approval of their ETF applications. Market speculation has grown, with Bloomberg experts like James Seyffart upping