Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited, the operators of the user-generated content platform The Sandbox, have recently announced a successful funding round of $20 million. This funding includes a valuation cap of $1 billion for the platform, solidifying Animoca’s reputation as a leader in advancing digital property rights within the open
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With risk assets in the financial sector currently appearing vulnerable, experts warn that economic factors could push bitcoin into a “slow bleed environment.” Last week, U.S. authorities released stronger-than-expected jobs data, causing a dent in assets like bitcoin. However, BTC remained resilient, with the help of continued inflows into the U.S. spot Bitcoin exchange-traded funds
The cryptocurrency market is abuzz with a renewed sense of optimism as investment funds witness a historic surge in inflows. According to CoinShares, a leading digital asset manager, there was a record-breaking $2 billion influx into crypto funds in just one week. This surge surpasses the entire month of May’s net inflows, marking a significant
The US spot Bitcoin ETFs, including GBTC, started June with a bang, collectively purchasing 25,729 BTC in the first week. This was a significant increase compared to the previous months, with data showing that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and 65,456 in March. However, April saw an
Ethereum faced a major setback as it failed to break through the $3,720 resistance level. This led to a downward trend, pushing the price below $3,650 and the 100-hourly Simple Moving Average. The inability to surpass key resistance levels has put ETH at risk of further losses, potentially dropping below the $3,550 support zone. ETH
The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has decided to allocate a substantial amount towards fostering growth in the gaming sector. With an approval to distribute 225 million ARB tokens, valued at approximately $215 million, over the next three years, the foundation aims to support the Gaming Catalyst Program (GCP). This
The recent surge in Ethereum (ETH) price, nearing the $4,000 mark, has sparked renewed market enthusiasm and inflows into the cryptocurrency space. This positive momentum follows the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have seen a
Bitcoin has recently seen a period of dull price action, with minor fluctuations over the weekend. A brief uptick toward $70,000 was observed before the asset returned to familiar levels. Despite this, Bitcoin had a strong week in terms of ETF inflows, with impressive streaks of 19 days of consecutive positive flows. These inflows resulted
In a world where the digital landscape is constantly evolving, Christian stands out as a beacon of knowledge and expertise. By day, he delves into the complexities of the cryptocurrency market, using his writing skills to educate and inform the masses. But Christian’s story goes beyond his professional pursuits; it delves into his personal passions
The release of Overworld Arena has ignited a new wave of excitement in the world of decentralized gaming. This latest expansion from Xterio combines captivating gameplay mechanics with blockchain technology to offer players a unique and rewarding experience. With a generous prize pool, exclusive rewards, and the opportunity to compete for coveted whitelist spots for
