Spot Bitcoin ETFs Surge Bitcoin ETFs, which track the crypto’s price, have seen record inflows. Over $2.2 billion poured in during February 12th-16th, the highest weekly inflow ever. BlackRock’s IBIT Leads the Way BlackRock’s iShares Bitcoin ETF (IBIT) has been the top performer, attracting $1.6 billion last week. It now has over $5.2 billion in…
Burn Rate Stalls Over the past 24 hours, the Shiba Inu burn rate has hit a standstill. Only 2 million SHIB tokens have been burned, a significant drop from previous levels. This decline suggests that SHIB users are less engaged in reducing the coin’s supply. Waning Interest in Burning Earlier this year, burning SHIB tokens…
A crypto expert who predicted the end of Bitcoin’s 2021 rally believes the altcoin market is poised for a major surge. Altcoin Market Cap to Skyrocket The analyst, known as Pentoshi, tracks the TOTAL3 chart, which excludes Bitcoin, Ethereum, and stablecoins. He predicts a meteoric rise of over 264% in the total market cap of…
A new crypto project backed by Polygon Labs and Animoca Brands is introducing a “proof of humanity” protocol that uses palm recognition technology. How It Works The protocol uses palm scanning to verify users’ identities, ensuring they are real people and not AI. This is similar to how Worldcoin uses iris scanning. Advantages The protocol…
Analyst’s Track Record Dave the Wave, a trader who accurately predicted the May 2021 crypto crash, has released a price prediction for Bitcoin (BTC) based on a reliable historical model. Logarithmic Growth Curve (LGC) The LGC model predicts Bitcoin’s market cycle highs and lows by filtering out short-term volatility. Dave the Wave believes Bitcoin will…
A long-dormant Ethereum whale from the 2014 ICO has come to life, depositing a significant amount of ETH into the Kraken exchange. Whale’s Massive Investment The whale purchased Ethereum at the ICO price of $0.31. If they were to sell their ETH above $3,000, they would have made a staggering 10,000x or 1,000,000% return on…
Worldcoin’s Surge The cryptocurrency Worldcoin (WLD) has skyrocketed by 188% in the past two weeks. This surge is partly attributed to the popularity of OpenAI’s Sora text-to-video app, which uses WLD as its native token. Benefitting Creditors This surge has provided significant relief to two of WLD’s largest holders: Three Arrows Capital (3AC) and FTX’s…
US Exchanges Dominate the Scene Recent data from Bloomberg shows that Bitcoin liquidity is shifting towards US crypto exchanges. Spot exchange-traded funds (ETFs) for Bitcoin have played a key role in this shift. Rise of Spot Bitcoin ETFs The launch of spot Bitcoin ETFs in the US has attracted billions of dollars in investment. These…
Background Polygon, Animoca Brands, and The Human Institute have teamed up to introduce a groundbreaking AI technology for identity verification. Humanity Protocol: Proof of Humanity via Palm Recognition Led by Terence Kwok, Humanity Protocol aims to establish Proof of Humanity in Web3 using palm recognition. This non-invasive method offers an alternative to traditional identity verification…
Whale Exits at $3,000 An Ethereum “whale” (a big-time holder) who bought into the initial coin offering (ICO) in 2014 recently cashed out a portion of their holdings when the price hit $3,000. They bought 3,465 Ethereum (ETH) for about $10.30 each during the ICO and held onto it for 8.6 years. Speculation and Analysis…
