The spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States have seen a significant increase in daily trading volume, surpassing $5 billion on August 5th. This surge in trading volume marks the first time since mid-April that such high numbers have been reached. Contributors to Trading Volume According to DefiLlama data, BlackRock’s IBIT ETF
Supervillain Wanted has taken the gaming world by storm with its innovative play-to-earn approach. This game, developed by Supervillain Labs, has managed to attract a significant amount of attention from both the gaming and blockchain communities since its launch. With over 100,000 downloads within just a few hours of its release, Supervillain Wanted is proving
The crypto market has made a remarkable recovery after experiencing a significant downturn that saw $500 billion wiped out in less than a week. This drastic decrease caused the total market capitalization to fall to $1.83 trillion on August 5, driven by Bitcoin’s drop below $50,000 and Ethereum’s decline to below $2,200. However, the market
Cardano is on the brink of a significant transformation with the upcoming Chang hard fork, which will usher in the Voltaire era and introduce on-chain governance. This upgrade marks a crucial step towards achieving full decentralization within the Cardano blockchain ecosystem. Cardano’s development is structured into distinct phases, also known as eras, each named after
The global crypto market has been experiencing a downward trend since July, with the overall crypto market cap dropping from $2.7 trillion in May to $2.5 trillion. Many cryptocurrencies have been affected by this bearish trend, facing challenges in maintaining their market value and user engagement. In contrast to the broader market setbacks, Cardano (ADA),
Following a significant market crash that saw Ethereum plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a surge in inflows. On August 5, aggregate inflows for the nine newly introduced spot ETH ETFs totaled $49 million, marking the second-highest inflow day since their launch. This demonstrates a strong interest from
Unstoppable Domains and Amazon Web Services have recently collaborated to organize a global virtual hackathon that garnered an impressive 1,162 participants. This event, hosted on Devpost.com, utilized AWS’s cloud computing capabilities and Unstoppable Domains’ blockchain-based digital identity solutions. By tapping into opportunities within Web3 and artificial intelligence (AI), the hackathon showcased the integration of AWS’s
Jan van Eck, the CEO of VanEck, a renowned investment management firm, has been vocal about his bullish stance on Bitcoin. In a recent interview with Fox Business, he made a bold prediction that Bitcoin could skyrocket to a staggering $350,000. This forecast is primarily driven by an adoption rate comparable to that of gold.
The recent turmoil in the cryptocurrency market has left many investors and experts scratching their heads. The massive sell-off, which saw Bitcoin and Ethereum plummet over 20% in value, has highlighted the volatile nature of the digital asset space. This market upheaval coincided with a broader sell-off in the stock market, triggered by a disappointing
The recent introduction of a new bill in the Senate has sparked a debate on strengthening the US Secret Service’s authority to investigate crimes involving cryptocurrencies. Led by bipartisan efforts from Senator Catherine Cortez Masto and Senator Chuck Grassley, the bill aims to combat transnational cybercriminal activities and address the urgent need for robust measures
