BlackRock’s Bitcoin ETF (IBIT) is making waves in the financial world. It’s already attracting interest from over 30 fund managers, signaling a growing appetite for digital assets among traditional institutions. Fund Manager Ownership Eric Balchunas, a Bloomberg ETF expert, believes this is just the beginning. He calls it the “tip of the iceberg,” suggesting even…
Indictment and Charges A Nebraska man has been indicted by New York authorities for allegedly running a $3.5 million crypto scheme. If found guilty, he could face up to 30 years in prison. The man, Charles Parks III, is accused of fraud, money laundering, and unlawful monetary transactions. He allegedly stole computing resources from two…
Surge in Korean Won Trading The South Korean won has become the leading currency for cryptocurrency trading worldwide in the first quarter of 2024. According to Kaiko, the total trading volume in Korean won reached $456 billion, surpassing the $445 billion traded in US dollars. This surge is attributed to the growing demand for “risky…
Overview The Stacks L2 network, which allows for the creation of decentralized apps and smart contracts on the Bitcoin blockchain, is preparing for a major upgrade called Nakamoto. This upgrade is expected to significantly improve the speed and security of the Stacks ecosystem. Key Features of the Nakamoto Upgrade Fast Block Production: The upgrade will…
A recent study by KPMG has revealed that crypto investors in Germany, Austria, and Switzerland are pouring significant portions of their portfolios into digital assets. Key Findings On average, respondents allocated over 25% of their total assets to crypto. 54% invested at least 20% of their assets in crypto. 34% considered crypto investments “rather safe,”…
A prominent crypto analyst, known as The Flow Horse, has shared his current crypto holdings following last week’s altcoin crash. Portfolio Contents The Flow Horse’s portfolio includes: Bitcoin (BTC) Solana (SOL) Ethereum (ETH) Dogwifhat (WIF) Various AI and real-world asset tokenization crypto assets Solana Over Ethereum The trader emphasized his preference for Solana over Ethereum…
Tether CEO Paolo Ardoino has teased the launch of a groundbreaking non-custodial tokenization platform. Features of the Platform Non-custodial: Users maintain full control over their assets. Multi-chain: Supports multiple blockchain networks. Multi-asset: Tokenizes various assets, including bonds, stocks, and even coffee shop reward points. Customizable: Allows users to tailor tokenization to their specific needs. White…
Crypto analyst Loma believes that BNB, the native asset of the BNB Chain, is poised for growth. Technical Strength Loma notes that BNB is showing positive signs from both a technical and fundamental perspective. The coin has been trading with strong funding rates, indicating that whales are hedging against spot holdings for fee reductions. Regulatory…
Bullish On-Chain Metrics 83% of DOGE holders are in profit. 65% of holders have held for over a year. More DOGE is being moved to self-custodial wallets. A whale transferred 150 million DOGE off exchanges. Upcoming Bullish Events DOGE Day on April 20th (predicted price surge to $0.26). Bitcoin Halving around the same time. Coinbase…
Despite the recent market downturn, Bitcoin whales have remained calm and held onto their coins. Whales Accumulating since March On-chain data from Santiment shows that large BTC holders (whales) have been accumulating since March 1st. The “Supply Distribution” indicator reveals that the following cohorts have increased their holdings: Sharks (100-1,000 BTC): 43,489 BTC ($2.72 billion)…
