The recent positive inflows into the largest spot Bitcoin ETFs in the US have been overshadowed by a sharp retracement in the price of the underlying asset. Despite reaching close to $67,000 again, Bitcoin faced significant volatility over the past week. After failing to maintain above $65,000, the primary cryptocurrency slipped to $63,000 before bouncing
On July 23, Hong Kong made history by launching Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This innovative exchange-traded fund (ETF) introduced by China Southern Asset Management Co., Ltd (CSOP) offers investors the opportunity to profit from declines in Bitcoin’s price. With an initial price of approximately
MetalCore Arena is not just your ordinary free-to-play game; it is a groundbreaking blockchain game that takes gaming to a whole new level. By allowing players to compete using modifiable teams of mechanized units and infantry squads, MetalCore Arena introduces a level of strategic depth that is unparalleled in the gaming industry. The addition of
Recently, CoinShares released a report highlighting the increasing inflows into Ethereum (ETH) compared to other cryptocurrencies like Solana (SOL). This surge in interest coincides with the upcoming launch of exchange-traded funds (ETFs) that will open up regulated investment opportunities for Ethereum in the US market. The report reveals several key insights into the current state
Crypto analyst RLinda recently made a bullish argument for Bitcoin, suggesting that the cryptocurrency could potentially reach a new all-time high of $90,000. She pointed out that there are both fundamental and technical factors supporting this optimistic outlook. On the fundamental side, RLinda highlighted the anticipation surrounding the launch of Spot Ethereum ETFs, which is
Gangster Arena has recently introduced Crew Wars, a new and exciting feature that brings players together in a collaborative environment. This battleground focuses on team play, encouraging players to work together strategically to complete missions and climb the ranks. By joining or creating crews, players can pool their resources and efforts to compete for valuable
In a recent letter addressed to Vice President Kamala Harris, the Digital Chamber made a compelling case for the adoption of a forward-looking approach to digital assets and blockchain technology. The Chamber stressed the transformative potential of these technologies in driving innovation, fostering economic growth, and promoting financial inclusion. Despite the growing support for digital
The CEO and founder of DAIM, Brian Korshain, expressed optimism about the potential impact of former President Donald Trump’s support for Bitcoin. He mentioned Trump’s rumored plan to make Bitcoin a strategic reserve asset for the US government, calling it “possible” but also cautioning that it could be “very difficult to get it done.” Korshain
Recent data has shown a significant increase in investment in digital asset products, with inflows reaching $1.35 billion last week and totaling $3.2 billion over the past three weeks. This surge in investment has been accompanied by a rise in trading volumes for Exchange Traded Products (ETPs), which saw a 45% increase week-over-week to $12.9
The recent announcement by President Joe Biden of his withdrawal from the 2024 presidential race has sent shockwaves through the political landscape. According to 10x Research, this decision could pave the way for former President Donald Trump to secure a “decisive victory” in the November election. The firm has boldly stated that no credible candidate
