Meme coins on Solana continue to epitomize crypto’s infamous gambling aspect, where participants may make or lose a fortune with a few clicks. Lookonchain highlighted a trader’s loss of 263.5 Solana (SOL) valued at $46,000 after investing in meme coin LADYF on March 22. The crypto user bought over $50,000 worth of the meme token shortly...
The world’s largest asset management company, BlackRock, has increased the amount of Bitcoin on its balance sheet. According to the website, BlackRock has increased the amount of Bitcoin (BTC) in its iShares Bitcoin Trust (IBIT) to 242,829. The volume of assets under management in the fund’s spot Bitcoin ETF reached $15.5 billion at the current exchange rate. Source: iShares Fox...
Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback. According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors. The Max Pain point stood at $67,000 with...
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...
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...
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...
