Author: Emma Davis

Article written by Emma Davis

US Bitcoin ETFs see over $300 million in weekly outflows

October 7, 2024 1 min read

In a surprising turn of events, US Bitcoin ETFs experienced their first significant net outflow in a month, shedding over $300 million despite a slight gain at the week’s end. This shift marks a notable change in market sentiment after three weeks of steady inflows, indicating growing investor caution as Bitcoin prices dipped alongside a broader crypto market pullback. According to SoSoValue, the total weekly outflows reversed a trend that

Polymarket trading volume surges to over $530 million in September as US election nears

October 6, 2024 1 min read

In September 2024, the blockchain-based prediction platform Polymarket experienced a significant surge in trading activity, driven by heightened interest in the upcoming 2024 US presidential election and ongoing geopolitical events in the Middle East. The trading volume reached $533.51 million, marking an increase of $61.51 million from August’s $472 million, as reported by Dune Analytics. The platform also saw a notable rise in active users, with a 41% increase from

Bitcoin miner CleanSpark mines a total of 493 BTC in September

October 4, 2024 1 min read

In a recent update, Bitcoin miner CleanSpark reported impressive figures for September, having mined 493 BTC, bringing its total for the year to 5,079 BTC. This surge contributed to a total of 7,098 BTC mined in fiscal year 2024, pushing their Bitcoin treasury holdings to 8,049 BTC—a staggering 258% increase year-over-year. Despite selling 2.5 BTC during the month, the company’s growth trajectory remains strong. CleanSpark also announced a remarkable jump

Visa reports that BBVA is one of many participating institutions trying out VTAP

October 4, 2024 1 min read

Visa has introduced its Visa Tokenized Asset Platform (VTAP) to streamline the issuance and management of digital assets, including stablecoins and central bank digital currencies (CBDCs). Announced on October 3, VTAP is currently in a sandbox phase with institutions like BBVA testing its features. The platform aims to provide a secure solution for minting, transferring, and settling digital assets across both public and permissioned blockchains, catering to institutional investors and

Franklin Templeton launches the OnChain U.S. Government Money Fund (FOBXX) on Aptos

October 3, 2024 1 min read

Franklin Templeton is making waves in the world of finance by expanding its OnChain U.S. Government Money Fund (FOBXX) to the Aptos blockchain, marking a significant step in integrating traditional finance with decentralized finance. Launched in 2021, FOBXX is a US Treasury-backed fund that leverages the advantages of tokenized real-world assets, and its recent expansion follows similar moves to other blockchain networks like Avalanche, Polygon, and Stellar. As of October

Bitcoin ETFs see over $240 million outflow as markets fell amid Iran’s missile attack on Israel

October 2, 2024 1 min read

On October 2, 2024, Bitcoin exchange-traded funds (ETFs) experienced their first net outflows in two weeks, with $243 million exiting the market. This downturn coincided with a significant drop in Bitcoin’s price, which fell over 4% amid escalating geopolitical tensions in the Middle East, particularly following Iran’s attack on Israel. The outflows marked the end of an eight-day streak of net inflows for U.S. spot Bitcoin ETFs, with the largest

Trader loses millions of dollar in MOODENG token

September 30, 2024 1 min read

In the ever-evolving landscape of cryptocurrency, a recent incident involving the MOODENG token has captured the attention of traders and enthusiasts alike. A trader initially invested 26 SOL (approximately $3,537) in 21 million MOODENG tokens and found themselves in a precarious situation after a brief price dip led to a hasty decision to sell. Instead of reaping a potential profit of $6.3 million as the token’s market cap soared to

The SEC’s approval of Bitcoin ETF options is set to boost liquidity

September 26, 2024 1 min read

A recent CryptoQuant report celebrates the SEC’s approval of Bitcoin ETF options as a game-changing milestone for the crypto landscape. This move is anticipated to enhance liquidity and draw in institutional investors, despite some worries about potential increases in Bitcoin shorting. The launch of options trading on BlackRock’s IBIT ETF marks a positive shift towards mainstream financial integration and institutional adoption of Bitcoin. Notably, options traders tend to adopt a

BlackRock seeks to amend its Bitcoin ETF

September 25, 2024 1 min read

BlackRock, the global asset management firm, has submitted an update for its Bitcoin ETF (IBIT) in response to apprehensions regarding Coinbase’s custodial methods. Investors have expressed concerns regarding the transparency of Coinbase’s management of Bitcoin, leading to requests for on-chain verification that all ETF-related transactions are accurately resolved. BlackRock demanded that Bitcoin withdrawals from Coinbase be executed within 12 hours, citing apprehensions around the utilization of “paper BTC” or Bitcoin

Kamala Harris pledges to expand crypto and AI sectors in her presidential campaign

September 23, 2024 1 min read

Kamala Harris, the Democratic contender for the 2024 presidential election, has committed to promoting the artificial intelligence and crypto industries, representing her initial substantial endorsement of crypto during her campaign. Harris underscored the significance of investing in America’s competitiveness and promoting breakthrough technologies such as AI and digital assets, while safeguarding consumers and investors. This commitment has garnered backing from prominent individuals in the crypto sector, including Chris Larsen, co-founder

DWF Labs Announces Strategic Partnership with GraFun

September 21, 2024 3 mins read

DWF Labs, a new generation market maker and multi-stage Web3 investment firm, is pleased to announce a strategic partnership with GraFun, an innovative memecoin launchpad on BNB Chain. This collaboration aims to support tokens launched on the GraFun platform and bolster their liquidity, fostering a more robust and transparent memecoin ecosystem. GraFun is a next-gen platform for launching and trading meme coins on BNB Chain. GraFun introduces the Fair Curve, a groundbreaking

Tether announces its $1.5 million strategic investment in Sorted Wallet on Sept 19

September 19, 2024 1 min read

Tether has allocated $1.5 million to Sorted Wallet, a crypto wallet technology designed to enhance crypto adoption in underdeveloped regions. The investment reflects Tether’s dedication to improving financial inclusion and economic empowerment in marginalized areas. The platform seeks to incorporate individuals with basic mobile phones into the cryptocurrency domain, facilitating their integration into the digital asset ecosystem within the financial sector. This is especially significant for the unbanked in emerging