Michigan Retirement System Invests $6.59M in Ark Invest’s Bitcoin Fund
According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund will invest […]
Bitcoin to Reach $87K in 2024 and $383K by 2030, Finder Survey Predicts
Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030. Crypto Specialists Predict Bullish Long-Term Outlook […]
US Bitcoin ETFs Report $31.16M Inflows on Thursday
Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […]
Is This the Official Olympics Token? The Meme Games Token Pumps Past $250K in Presale
Just when you thought the crypto market had seen it all, along comes a project that’s part meme, part Olympics tribute. The Meme Games (MGMES) is generating enormous traction in its presale phase – and just passed the $250,000 milestone. Meme Culture Meets Sports with The Meme Games This project is like someone tossed the […]
Bitcoin Peaks at $67,991 Ahead of Trump’s Bitcoin Conference Appearance
Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.10 million in short bets across the crypto economy […]
US Ethereum ETFs See Continued Outflows Led by Grayscale’s ETHE
On Thursday, U.S. spot ethereum exchange-traded funds (ETFs) experienced another day of net outflows following Grayscale’s Ethereum Trust (ETHE) outpacing gains observed by other funds. According to sosovalue.xyz, the nine ETFs saw $152.3 million exit during Thursday’s trading sessions. Grayscale ETHE’s Third Day of Outflows Contributes to $178M Negative Net Inflow Grayscale’s ETHE marked its […]
Disney Officially Enters Metaverse Market Through Carrieverse
PRESS RELEASE. In a monumental development for the digital entertainment landscape, Carrieverse is thrilled to announce its new content licensing agreement with the Walt Disney Company Korea, LLC. This landmark partnership marks Disney’s official entry into the Web3 space, integrating its iconic characters and stories into the Carrieverse metaverse. Disney Reveals Metaverse Partner As a […]
Coinbase and Glassnode Report Highlights a Stabilizing Crypto Market
A recent joint report by Coinbase Institutional and the onchain analytics firm Glassnode reveals a maturing and stabilizing cryptocurrency market despite recent price corrections. The analysis highlights robust trading volumes, increasing onchain activity, and significant progress in regulatory frameworks. Crypto Market Matures Amid Price Corrections: Coinbase and Glassnode Report The study shows the third quarter […]
US Department of State Highlights Bitcoin’s Significance for Tourism in El Salvador
The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given significant publicity to El Salvador, contributing to its popularity as a tourist destination. U.S. Department of […]
Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network
Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency. […]
