Bitcoin declined over 5% on March 22 as spot ETFs recorded negative numbers for the fourth consecutive day, mainly due to Grayscale GBTC exits. According to SoSo Value, 10 spot Bitcoin (BTC) ETFs marked $93.8 million in cumulative single-day outflow during trading on March 21. Grayscale’s GBTC accounted for most of the BTC ETF share liquidation, amounting to $358...
A crypto millionaire participates in Option2Trade’s (O2T) $888k giveaway, reflecting a trend of heightened interest in high-value crypto contests, underscoring broader community dynamics. A Filecoin (FIL) millionaire, having already navigated the highs and lows of the crypto market to amass substantial wealth, has set their sights on a unique opportunity: the $888k giveaway by the exchange...
Sam Altman’s Worldcoin unveiled a new personal data custody feature and made the core software of its iris-scanning Orb open source. Worldcoin‘s Orb scans individuals’ irises to create World IDs, biometrically unique accounts aimed at establishing a global basic income through the distribution of its WLD token. During a time of skepticism and regulatory scrutiny, particularly over...
Exploiters who hacked Heco Bridge laundered the stolen assets through the controversial cryptocurrency mixer Tornado Cash. Hackers behind the Heco exploit collectively laundered more than 40,000 Ethereum (ETH) worth $145.7 million, according to PeckShieldAlert. “As of today (22 Mar. 2024, UTC), HECOBridge exploiters – labeled addresses – have transferred ~$40,391.8 ETH (equivalent to ~$145.7m) to TornadoCash within...
WisdomTree has received a license from the NYDFS, allowing it to offer cryptocurrency-related products and services. Under New York State banking laws, asset manager WisdomTree has received approval from the NYDFS to operate as a limited liability trust company.With the permission, a WisdomTree Digital Trust Company subsidiary can offer local clients services for storing cryptocurrencies, issuing stablecoins, and...
Wifi Dabba, a decentralized internet service provider, recently announced plans to expand internet connectivity in India by distributing over 100,000 devices across the country. These devices, hosted on the Solana blockchain, are part of the DePIN project, which aims to connect the unconnected by the end of the year. Only 30 million individuals in India, a country of...
Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues. In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles. Named NFT Pulse, the...
In anticipation of the fourth Bitcoin halving scheduled for mid-April, Coinbase Institutional has released a primer for investors. The Bitcoin halving, occurring every four years or upon mining every 210,000 blocks, will see miner rewards halve from 6.25 to 3.125 bitcoin per block upon reaching the 840,000 block. The document aims to guide institutional investors by examining the impact...
Spot Bitcoin ETFs experienced their largest three-day withdrawal since their launch in January. The trend marked a significant shift from the high demand propelling Bitcoin to its all-time high. Between Monday and Wednesday, these ETFs saw a withdrawal of $742 million, indicating substantial outflows from the Grayscale Bitcoin Trust alongside a decrease in new investments in competing funds...
OpenSea and the Seaport Working Group have released Seaport 1.6, the most recent version of the NFT marketplace protocol for the Ethereum Virtual Machine (EVM) ecosystem. ‘Seaport hooks,’ a new feature of the upgrade, is modeled around Uniswap v4 hooks. The goal of this feature is to facilitate the development of applications that increase NFTs’ utility and...
