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Recent weeks have seen a massive surge in digital asset investments, with inflows totaling $346 million, led by Bitcoin and Ethereum. Investments in digital asset products have surged recently, marking a significant trend in the crypto market. Last week, these products experienced an influx of $346 million in capital, setting a
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Blast’s innovative layer-2 blockchain sees $310 million in deposits amidst users’ criticisms. Blast Bridge, a new Ethereum layer-2 blockchain, saw an inflow of $310 million in assets shortly after its debut. This significant influx of assets includes substantial deposits of 129,866.52 ETH through Lido and 42,587,100 DAI via Maker MSR.Launched by
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Critics have expressed concerns about the inherent risks of Blast’s model, particularly the practice of staking on the liquid-staking protocol Lido in exchange for Blast points Despite some skepticism from the crypto community, Blast, an Ethereum Layer-2 blockchain set to be live in March, has successfully garnered over $301 million in
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A new era for the crypto industry approaches as the world’s largest exchange, Binance, changes leadership. Yesterday, the company’s founder and CEO,
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The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market. Source
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Bitcoin (BTC) funds still dominate the asset class, bringing in most of the inflows, some $229 million last week and $842 million this year. This is likely supported by the growing odds of a spot-based bitcoin ETF getting an approval in the U.S. and some softer macroeconomic data, Butterfill explained. Source
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Ether-based funds continue to fall out of favor, with outflows for the year now totaling $125 million. Source
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Bitcoin’s (BTC) price action is the talk of the town this week and based on the current sentiment expressed by market participants on social media, one could almost assume that the long-awaited bull market has started. As Bitcoin's price rallied by 16.1% between Oct. 22 and Oct. 24, bearish traders using
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Inflows in cryptocurrency investment products from October 7 to October 13 reached $15.2 million, compared to $78.4 million a week earlier. According to CoinShares analysts, the amount was 27% below the 2023 average. Experts explained that the data provided does not include positive news for digital gold regarding the SEC’s refusal to
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Bitcoin (BTC) whale buying and selling in 2023 is mostly from speculative investors, new data reveals.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode showed that contrary to popular belief, opportunistic entities are the most active whales.The birth of the Bitcoin "short-term holder" whaleSince BTC
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