#SpaceCatch is a new mobile game that supports new and popular technologies such as augmented reality, geolocation, artificial intelligence, blockchain, and NFTs. Our game is developed by the professional studio Pixelfield, which has globally recognized products and collaborations with leading companies and brands in its portfolio.
The game itself operates fully off-chain and is indistinguishable from classic mobile games. This allows us to target essentially the entire gaming industry and we are not dependent on current cryptocurrency trends.
SpaceCatch has a space theme, where Earth is invaded by aliens. The players’ task is to fight against them, capture them, complete various tasks and campaigns. The game prides itself on quality, and thanks to the use of advanced technologies, it offers players a new, unique gaming experience with Web3 elements.

Your motto is "product first," which is often not seen in the cryptocurrency space, especially in gaming projects. What led and motivated you to take this step?
In the gaming space, we see huge potential. We were even more disappointed that gaming projects in the Web3 space use cryptocurrencies only as a tool to lure money from investors.
The bare fact is that the vast majority of gaming projects never deliver their product (game), although they have collected millions of USD from investors and players through their token and NFT.
Therefore, we decided to show the GameFi sector what it should look like if the potential of blockchain and NFT in the gaming industry is fully utilized. Our game development has been ongoing for a year and a half, with a team of 30 professionals working on it. We are proud to announce that we are launching the public beta version of SpaceCatch on May 22nd. This comes approximately at the time when our $CATCH token and gaming NFTs also entered circulation.
Investors and players have a unique opportunity to try out the final product of our game firsthand instead of empty promises and plans.

How have you implemented the play-to-earn and move-to-earn concepts?
The Web3 element in the game is implemented using well-known concepts of move-to-earn and play-to-earn. These concepts have so far been used by gaming projects only as a cover for rewards in their inflationary token, while these concepts did not actually create any added value.
Therefore, we spent more than a year on detailed development and are the first to bring fully sustainable mechanics for these concepts. For example, move-to-earn works on the basis of crafting. Players obtain resources through their physical activity, which they can use to create various NFT boosters and potions.
In traditional games, the game itself is the sole owner and seller of premium items. In our case, the sale of these bonus items is based on p2p. After use, these items are destroyed, ensuring deflation and sustainability.

There are currently many gaming projects being developed. Why should investors and players choose SpaceCatch?
We have already outlined this in previous answers. We are creating a completely new game concept focusing on Web2 and Web3. We have a finished product, real results, and sustainable concepts based on real revenue and not inflation of our token or NFT. The key features of our game are sustainability, a finished product, quality, and experience.
Moreover, the gaming experience is paramount, which is reflected in the quality of the game and the gaming options. SpaceCatch is labeled as the “Pokémon Go killer.”

How is SpaceCatch better than Pokémon GO?
Pokémon GO experienced a huge boom a few years ago, achieving annual revenues in the hundreds of millions of dollars. Thanks to detailed research and communication with players, we were able to identify key flaws, which we not only eliminated in SpaceCatch but also added many more elements that players in this type of game require.
As a result, SpaceCatch offers players a higher quality gaming experience with expanded options. The cherry on top is of course the implemented Web3 open economy, which allows players to profit through playing the game.

Your $CATCH token has a unique design and tokenomics compared to other GameFi projects. Why did you decide to go this new, unknown route?
Basically, all gaming projects have their own game token, which serves as a carrier of “rewards” for playing the game. In reality, however, no added value is created and these rewards are just disguised inflation. In practice, this means that these tokens are doomed to demise and fall to zero.
On the other hand, our $CATCH token does not serve as an ingame reward token, and we are probably the only GameFi project set up this way. We could afford this because we have a sophisticated revenue mechanism of real game revenues through microtransactions and other aspects, and we do not have to offer rewards to players in the form of disguised inflation.
On the other hand, the $CATCH token will be a key element for many actions in the game and behaves like a premium currency in the game. This creates a huge imbalance and practically eliminates any selling pressure.
In the future, the $CATCH token will become deflationary, as we will buy back and burn tokens from the real revenues of the game.

What is your target group?
Since our game has a wide range and impacts both Web2 and Web3 sectors, our target group consists of players from childhood age to adults, and thanks to the number of passive earning opportunities, SpaceCatch is also an attractive tool for investors through the $CATCH token or NFTs.

What would you say to players and investors?
The GameFi sector presents great investment opportunities for investors. Besides, players can also profit from playing the game. We at SpaceCatch are proud to have developed such a functional concept and implemented it into the mobile game SpaceCatch.
SpaceCatch has all the attributes to start a new wave of truly quality gaming projects for the first time in history.

#GameFi #web3 #interview

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The blockchain industry has evolved so much that it seems we can’t keep up with it, even though the updates were developed by us, too. Although it might seem scary, it is amazing how this industry launches and leverages new and advanced technologies to build truly valuable products.
Besides cryptocurrencies, crypto exchanges, lending platforms, and many other types of projects, blockchain technology can also contribute to a sector that so many of us enjoy – gaming. In fact, it is already contributing, considering that there are plenty of crypto games out there.
And while there are so many games out there already making users’ lives better, some of them are among the best crypto projects that have been developed.
In this article, we will talk about 5 of them. But first, what is a blockchain-based game, after all?
What Is a Blockchain Game?
At first glance, a blockchain game looks pretty similar to regular games. You play it, win battles and races, or just take care of a farm, a pet, or any other gaming-related activity. Most of the magic happens behind what you are able to see in the game.
Basically, blockchain games are video games built by leveraging a blockchain. So, they function on a P2P network and “borrow” the advantages a blockchain provides, such as security, transparency, privacy, and the ability to reward users with crypto.
Each blockchain game has a native token that can be offered to users according to their in-game activity. Furthermore, in a crypto game, users may receive digital collectibles in the form of NFTs (Non-Fungible Tokens).
For instance, imagine that Talking Tom was a crypto game. So, you would receive NFTs representing new clothes, food, or other things Tom might need. You can choose to use those NFTs for your Tom or sell them in the Talking Tom marketplace in exchange for TTOM tokens.
Top 5 Blockchain Games in 2023
1. SpaceCatch
Although it was recently developed, #SpaceCatch  has the potential to become one of the top #blockchain games in the world. Thanks to its features, detailed graphics, and surprising gameplay, SpaceCatch can gather millions of users around its concept.
SpaceCatch welcomes users to a world where aliens invaded Earth after conquering many other planets and even galaxies in the universe. Players are called “catchers” and have the mission to find and fight the aliens in order to restore peace on our planet.
SpaceCatch is a P2E (Play-to-Earn) and M2E (Move-to-Earn) game that encourages users to win various prizes by performing simple activities.
First, the P2E mode challenges you to fight the aliens to make them leave Earth. You can improve your characters by adding various powers that you receive as NFTs in the M2E mode. So, the more you walk, run, or jog, the more NFTs you will receive.
Furthermore, you can also interact with #CATCH , which is the native token of the SpaceCatch crypto project.
Presale is live and according to the announcement, SpaceCatch managed to raise $600,000 during the first stage of the presale, with a final goal of $2,200,000. At the moment of writing, $864,433 was raised, with the 2nd public round being active.
2. Axie Infinity
Axie Infinity is one of the most popular play-to-earn games on the market. It was built on Ethereum, which is also one of the biggest networks. The main characters of the game are called Axies and look similar to those in Pokémon.
Players can build teams of Axies to compete against other users in 2 game modes: Arena and Adventure. Each Axie is basically an NFT that has unique traits, skills, and levels of rarity. Some Axies are so rare that they are sold for tremendous amounts of crypto. For instance, Sir Gregory (Axie $2655) was sold for 369 ETH on July 4, 2021 (approximately $856.788 at the time).
Axie Infinity offers users 2 types of tokens: AXS (Axie Infinity Token) and SLP (Smooth Love Potion). AXS is offered as a reward for users who reach the PVP leaderboard, while SLP can be received for winning battles in both game modes. If you want to breed an Axie, you need at least 2 Axies and both AXS and SLP tokens.
3. The Sandbox
The Sandbox is a crypto game that allows users to create and share characters, 3D metaverse worlds, and games in a universe that easily reminds us of Minecraft. With over 4.5 million registered users, The Sandbox seems to have stolen the hearts of many blockchain enthusiasts.
The native token of The Sandbox is SAND, and users need to hold it in order to trade the lands they build or want. The trades can be conducted in the in-game marketplace. Keep in mind that there is a limited supply of “lands” (166,464), so this can affect the prices of various game assets.
In The Sandbox universe, users can complete various tasks to earn rewards. Furthermore, if they want even more digital assets, they can focus on building and improving lands. It is all about imagination and how much you want to win out of playing a blockchain-based game.
4. Decentraland
Decentraland is another promising crypto game, being a user-owned 3D game built on Ethereum. The magic about Decentraland is that it combines VR (Virtual Reality) and AR (Augmented Reality).
Decentraland welcomes players to a world where they can play plenty of games, exchange collectibles, trade digital wearables or real estate, and simply interact with the entire game community. Besides, if you want to make the best out of this game, you can also join various special events.
In the Decentraland world, there are 3 cryptocurrencies: MANA, LAND, and ESTATE. MANA is an ERC-20 token and is basically the native token of the game. LAND and ESTATE, on the other hand, are ERC-271 tokens, meaning that they are NFTs.
5. Faraland
If you are intrigued by war games, Faraland may be the right game for you. It is a blockchain game built on Binance Smart Chain and launched by Moon Knight Labs in April 2021. In Faraland, you can use NFT warriors to beat your opponents.
Faraland is defined as a role-playing strategy war game, and it surprises users with many activities they can conduct in the game. In the Faraland world, there are multiple classes: Orcs, Angels, Elves, Fairies, Demons, and Humans. Each one has different skills and can help you in different ways while in a battle.
#crypto2023 #Binance
In Conclusion
If you like to play a game every now and then, you definitely have to try out blockchain-based games. They are truly intriguing and can help you earn some crypto or other types of digital assets. Basically, you earn while having fun.
Some of the most popular blockchain games include SpaceCatch, Axie Infinity, Faraland, Decentraland, and The Sandbox.

Pantera Capital, a prominent venture capital firm based in Menlo Park, California, has successfully secured another batch of Solana (SOL) tokens at a discounted rate in the latest auction organized by the administrators of the now-defunct FTX cryptocurrency exchange. This auction is part of the ongoing bankruptcy proceedings following FTX’s collapse.
Winning Bid for Solana Tokens
According to a Bloomberg report, Pantera Capital won 2,000 SOL tokens, which have a current market value of approximately $288,000. While the exact discount at which the tokens were purchased remains undisclosed, it is reported that they were sold at a price higher than the $60 per token achieved in a previous auction. Pantera was among several bidders, although details on other participants have not been revealed.
In prior auctions, the FTX estate reportedly sold a significant portion of a $2.6 billion cache of Solana tokens to Pantera and Galaxy Digital, another crypto-focused investment firm.
The Status of the SOL Tokens
It is believed that the 41 million SOL tokens being liquidated by the FTX estate are subject to a vesting period as per prior agreements, which means they are currently not available for trading on the open market. The potential for these tokens to be involved in over-the-counter (OTC) transactions has not been clarified.
Background on FTX’s Collapse
FTX, once a major player in the cryptocurrency exchange market, filed for bankruptcy in November 2022 amidst serious accusations of embezzlement and misappropriation of billions of dollars in customer funds by its executives and the affiliated hedge fund, Alameda Research. At the height of the bankruptcy proceedings, FTX was reported to possess approximately 60 million SOL tokens and 21,482 bitcoins (BTC).
The former CEO of FTX, Sam Bankman-Fried, was subsequently sentenced to 25 years in prison and ordered to pay restitution of $11 billion. The fallout from FTX’s collapse continues to impact the broader cryptocurrency landscape, influencing market dynamics and regulatory discussions.
As the bankruptcy proceedings progress, the fate of the remaining assets and the impact on stakeholders like Pantera Capital will be closely watched by the industry and investors alike.
$SOL #Solana #FTX

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Marathon Digital, a leading player in the cryptocurrency mining industry, has announced plans to significantly increase its Bitcoin mining capabilities. Following a series of strategic acquisitions, the company has revised its 2024 hash rate goal from an initial 35-37 exahashes per second (EH/s) to an ambitious 50 EH/s.
Strategic Acquisitions and Growth
In a press release dated April 25, Marathon’s CEO, Fred Thiel, revealed that the company's expansion would potentially double its mining scale by 2024. This growth has been bolstered by the recent acquisition of a 200-megawatt Bitcoin mining facility from Digital Applied for $87.3 million in March. Additionally, in December, Marathon acquired two sites with a combined capacity of 390 megawatts from Generate Capital for $179 million.
These acquisitions have not only expanded Marathon's physical infrastructure but also its operational capabilities. The company currently boasts a hash rate of 24.7 EH/s, placing it ahead of competitors like Core Scientific and Riot Platforms, which have hash rates of 16.9 EH/s and 12.4 EH/s, respectively.
Financial Stability and Market Performance
Thiel also emphasized that the new target is "fully funded," indicating that Marathon will not need to raise additional capital for this expansion. This financial stability has positively influenced investor confidence, as reflected in Marathon's stock performance. Although Marathon's stock (MARA) experienced a slight decline of 0.42% to $19.01 on April 25, it rallied by 3.05% in after-hours trading following the announcement.
Moreover, since the fourth Bitcoin halving event on April 20, Marathon's stock has climbed by more than 15%, a trend that is consistent with other miners in the sector. This halving event, which occurred at block 840,000, spurred initial demand from memecoin enthusiasts and nonfungible token (NFT) aficionados seeking to inscribe "rare satoshis" via the Runes protocol.
Industry Trends and Competitor Performance
The crypto mining sector continues to demonstrate robust growth, with other firms like Riot Platforms also experiencing significant market movements. For instance, Riot's shares surged by over 20% on April 23, buoyed by optimistic evaluations from financial analysts who project substantial growth in the company's performance.
As Marathon Digital advances towards its updated hash rate target, its strategic acquisitions and financial planning position it as a formidable competitor in the rapidly evolving Bitcoin mining industry.
$BTC #mining #Bitcoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has indicated a significant bullish signal for the stock and cryptocurrency markets stemming from recent actions by the U.S. Treasury Department. According to Hayes, an infusion of $200 billion in tax receipts into the Treasury General Account (TGA) could set the stage for a market recovery as U.S. Treasury Secretary Janet Yellen prepares for the Q2 2024 refunding announcement next week.
Potential Actions by the U.S. Treasury
Hayes outlined three potential strategies that Yellen might consider, each of which could inject substantial liquidity into the markets:
Ceasing Treasury Issuances: By reducing the TGA to zero, approximately $1 trillion could be released into the market.Shifting Borrowing to Treasury Bills: Redirecting more borrowing towards Treasury bills could potentially free up $400 billion from the Reverse Repo Program (RRP).A Combination of Both Strategies: This approach could lead to a $1.4 trillion liquidity boost by halting long-term bond issuances in favor of bills, while simultaneously running down the TGA and RRP balances.
Hayes predicts that any of these measures could trigger a rally in both the stock and cryptocurrency markets, particularly reinvigorating the crypto bull market.
Current Market Conditions and Bitcoin's Prospects
At present, the crypto market faces headwinds from impending option expiries and inflation data releases, leading to expectations of muted price movements in the short term. Despite these challenges, Bitcoin has shown resilience, with a modest 1% increase in the last 24 hours, trading at $64,302. The trading volume has also seen a slight uptick during the same period.
Market analysts are closely monitoring the situation, particularly in anticipation of the potential impact of the U.S. Treasury's decisions on the broader financial landscape. As the Q2 refunding announcement approaches, stakeholders remain attentive to how these macroeconomic maneuvers could influence market dynamics, especially for risk assets like cryptocurrencies and stocks.
$BTC #crypto #Bitcoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

As the cryptocurrency market braces for another potentially volatile weekend, more than half a billion dollars in Ether (ETH) long positions are at risk of liquidation should the digital currency replicate the price fluctuations observed last weekend. This vulnerability in positions comes amid increasing concerns over the potential rejection of spot Ether exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC) in May.
Recent Price Volatility in Ether
Ether has been subject to significant price swings over recent weekends. According to CoinMarketCap, Ether is currently trading at $3,134. Notably, on April 20, Ether’s price momentarily dipped by 2.25% to $3,036. The preceding Saturday, April 13, witnessed a near 9% fall to $2,950, although it later rebounded to $3,075.
Potential Impact of Price Movements
If Ether undergoes a similar downturn this coming weekend, substantial liquidations could occur. A mere 2.25% decrease from its current price could trigger liquidations worth approximately $510 million, as per data from CoinGlass. Moreover, a sharper drop similar to the 9% decrease observed the previous weekend could escalate to liquidations amounting to $853 million.
Broader Market Concerns
The looming threat of liquidations coincides with broader uncertainties facing Ethereum, particularly regarding the status of spot ETF applications. A report from Cointelegraph on April 24 highlighted expectations among U.S. issuers and other firms that the SEC might reject these applications in May, following recent meetings with the regulator. Participants from these meetings indicated that the discussions have been largely one-sided, with SEC staff providing little detail about the proposed products.
Legal Challenges Facing Ethereum
Adding to Ethereum's challenges, on April 25, software development company Consensys filed a lawsuit against the SEC and its five commissioners. The lawsuit claims that the SEC plans to regulate ETH as a security, further complicating the regulatory landscape for Ethereum and potentially impacting its market dynamics.
As these developments unfold, investors and stakeholders in the Ethereum market are closely monitoring the situation, given the substantial financial implications tied to the SEC’s upcoming decisions and the inherent volatility of the cryptocurrency market.
$ETH #Ethereum #ETH

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

BNB Chain has reported significant growth in the first quarter of 2024, according to a detailed financial analysis released by Messari on April 24. The platform's market capitalization soared to an impressive $92.5 billion, marking an 89% increase from the previous quarter and securing its position as the third-largest cryptocurrency by market cap, behind Ethereum and Bitcoin.
Financial Performance Highlights
The BNB Chain witnessed a substantial rise in revenue, reaching a record $66.8 million in Q1 2024, a 70% increase from $39.2 million in the prior quarter. This achievement represents the highest revenue quarter since the inception of the BNB Chain.
This growth was primarily fueled by the appreciation of BNB's price. Although the revenue in terms of BNB tokens increased modestly by 2% from 162,600 to 166,500 BNB, the translation into USD showed a significant impact.
Decentralized Finance (DeFi) transactions remained the largest revenue contributor, accounting for 46% of total revenue with 76,200 BNB generated in gas fees. This represents a 1.7% increase from the previous quarter. On the other hand, revenue from stablecoin transactions saw a significant rise of 29%, from 19,500 to 25,100 BNB, reflecting the increased adoption of stablecoins on the platform.
Conversely, sectors like Gaming and Infrastructure experienced declines, with Gaming revenues falling by 67% to 3,200 BNB and Infrastructure revenues decreasing by 9% to 9,000 BNB.
Supply Dynamics and Network Security
Originally launched with a total token supply of 200 million in July 2017, BNB's supply mechanics are designed to be deflationary, featuring several burning mechanisms. By the end of Q1 2024, the circulating supply of BNB decreased to 153.9 million tokens, illustrating a negative annualized inflation rate of 2.9%.
In terms of network activity, average daily transactions decreased by 9% to 4.2 million, largely due to reduced inscription-related activities. Despite this, daily active addresses increased by 26% year-over-year to 1.3 million, indicating robust user engagement.
Security remains paramount for BNB Chain, which utilizes a Proof-of-Staked Authority (PoSA) consensus mechanism. The network consistently maintained 40 validator nodes, ensuring decentralized security and operational efficiency. The total amount of BNB staked rose by 6% to 23.4 million, with the dollar value of staked BNB surging by 101% due to the token's price appreciation.
Technical Developments and Future Outlook
The quarter also featured several important technical upgrades. The BNB Greenfield Manchurian Hard Fork on January 16 introduced new features and bug fixes, followed by the BNB Smart Chain Kepler Hard Fork on January 23, which implemented various Blockchain-specific proposals to streamline smart contract operations and reduce costs. The BNB Greenfield Ural Hard Fork on March 14 further enhanced cross-chain operations and account permissions.
Looking ahead, BNB Chain plans to sunset the BNB Beacon Chain, consolidating its staking and governance mechanisms into the main BNB Smart Chain, indicating a strategic pivot towards simplifying and strengthening its blockchain infrastructure.
$BNB #Binance #BNB

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In recent developments within the cryptocurrency sector, a massive transfer of 180 million XRP by whale accounts has captured the market's attention, particularly amid a new legal directive from Magistrate Judge Sarah Netburn in the ongoing Ripple vs. SEC lawsuit. This significant movement of XRP comes at a time when the digital currency's price shows modest signs of recovery, further fueling market speculations.
Significant XRP Movements Trigger Market Speculation
Whale Alert, a prominent platform for tracking on-chain transactions, reported a series of large-scale XRP transfers. Notably, an anonymous whale moved 26.67 million XRP from Binance, a leading cryptocurrency exchange. This transfer, along with others totaling over 180 million XRP, has sparked optimism about a potential price recovery for XRP.
Among the notable transactions, 100 million XRP were transferred between two unidentified wallets, and 27.43 million XRP were moved to the Bitstamp exchange. Additionally, a recognized whale address transferred 29.74 million XRP, valued at $15.76 million, to the Bitso exchange. These movements have led to various interpretations, ranging from strategic sell-offs to liquidity management strategies by Ripple, especially considering Ripple's utilization of XRP in cross-border payment facilitations.
New Developments in Ripple's Legal Battle with the SEC
Amid these significant transfers, a crucial legal update has emerged in the Ripple vs. SEC case. Magistrate Judge Sarah Netburn, recently nominated as District Judge for the Southern District of New York, issued a scheduling order concerning Ripple’s request to dismiss the SEC's latest expert submissions. The order extends the deadline for the SEC to reply until April 29, 2024, with Ripple given three business days thereafter to respond.
Judge Netburn’s impartial and well-regarded rulings have been viewed favorably by the cryptocurrency community, reflecting a commitment to maintaining legal integrity in the evolving regulatory landscape of cryptocurrencies.
Market Response and Outlook
As the legal and transactional narratives unfold, the XRP price has shown resilience. At the time of this writing, XRP's price had increased by 1.05%, trading at $0.5320. However, the trading volume has decreased by 12.74% to $1.31 billion. Despite the recent volatility in the cryptocurrency market, XRP has gained over 6% in the past week, underscoring a cautious but optimistic outlook from investors.
As the situation develops, both the legal outcomes and whale activities are likely to play pivotal roles in shaping the trajectory of XRP's value and its positioning within the broader cryptocurrency market.
$XRP #XRP #Ripple

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Hong Kong's financial landscape is set for a significant evolution with the Securities and Futures Commission (SFC) granting official approval for the trading of several spot Bitcoin and Ethereum exchange-traded funds (ETFs) starting April 30. This development follows an earlier announcement on April 15, where Hong Kong conditionally approved its first Bitcoin and Ether ETFs.
Diverse Offerings from Prominent Managers
The newly approved ETFs, managed by ChinaAMC, Harvest, and Bosera HashKey, aim to provide both retail and institutional investors with regulated investment avenues into these prominent cryptocurrencies. Each fund manager brings a unique approach to the table, enhancing the diversity and appeal of these investment products.
Innovative Management and Custody Solutions
Particularly notable is the partnership between ChinaAMC and Harvest Global Investments with OSL, which serves as a sub-custodian. OSL has nearly completed its regulatory vetting process and is gearing up for the launch. On the other hand, Bosera Asset Management collaborates with HashKey Capital to manage its ETF offerings, ensuring robust management and oversight.
Adopting a Unique Creation Model
Setting itself apart from the U.S. market, Hong Kong's spot Bitcoin ETFs will utilize an in-kind creation model. This model involves the creation of new ETF shares using actual Bitcoin and Ethereum, which, according to Bloomberg ETF analyst Rebecca Sin, could substantially boost assets under management and overall trading volumes.
Potential for Fee Competition and Market Impact
The launch of these ETFs is expected to ignite a fee competition among issuers, with Harvest planning to attract investors through an aggressively low fee structure, starting at just 0.3% post-waiver. This competitive pricing is likely to make these ETFs particularly appealing to a broad range of investors.
A Progressive Step in Cryptocurrency Regulation
This approval marks a crucial step forward in cryptocurrency regulation within Hong Kong and could set a precedent for further regulatory advancements across the region. While it remains to be seen whether mainland Chinese investors will gain access to these ETFs in the near future, such developments might herald broader regulatory shifts, reflecting a more progressive stance towards cryptocurrency investments in Asia.
$BTC

$ETH

#Ethereum #Bitcoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In a significant development in the cryptocurrency sector, the founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have been charged by U.S. authorities for allegedly operating an unlicensed money-transmitting business involved in extensive illegal activities. According to an announcement from the Department of Justice, the duo is accused of facilitating over $2 billion in unlawful transactions, including laundering more than $100 million derived from criminal proceeds.
The Operation and Allegations Against Samourai Wallet
From its inception in 2015 until February 2024, Rodriguez and Hill developed and marketed Samourai, a cryptocurrency mixing service that purportedly offered enhanced privacy by masking users' identities and transactions. The service, which charged millions in fees, allegedly attracted a substantial clientele from the criminal underworld, seeking to launder money and evade sanctions.
The Justice Department's press release detailed that a large fraction of the funds processed by Samourai were known to be criminal proceeds. These funds were derived from various sources, including illicit dark web markets like Silk Road and Hydra Market, wire fraud, computer fraud schemes, and other illegal activities. The operation of Samourai Wallet not only facilitated financial anonymity but also actively encouraged illicit use.
Use of Social Media to Promote Illegal Activities
Further complicating the case, U.S. authorities highlighted the use of social media by Rodriguez and Hill to promote their service to potential criminal users. The founders utilized Twitter (now X) accounts to explicitly invite users to launder criminal proceeds through Samourai. Noteworthy posts include a message from June 2022, where Rodriguez allegedly reached out to Russian oligarchs to help them circumvent sanctions using Samourai. Additionally, private messages from 2020 show Hill discussing the use of Samourai in online black markets with other Twitter users.
Impact and Broader Enforcement Efforts
This case aligns with a broader crackdown on cryptocurrency-related crime in the United States. A recent report by Chainalysis noted a significant reduction in funds sent to mixers from illicit addresses, a trend attributed to intensified law enforcement and regulatory actions.
The charges against the Samourai Wallet founders mark a pivotal moment in regulatory efforts to combat financial crimes in the digital currency space, underscoring the government's commitment to policing the burgeoning field of cryptocurrency. As the legal proceedings unfold, the cryptocurrency community and regulatory bodies will be watching closely to see the impact of this case on the future of crypto privacy and security practices.
#crypto #wallet #Samourai

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Amid fluctuating crypto markets post-Bitcoin Halving, Dogecoin enthusiasts continue to eye the elusive $1 target—a goal that has sparked much debate and speculation over the years. However, recent comments from Pav Hundal have cast doubt on the feasibility of reaching this milestone, suggesting a less optimistic outlook for the meme coin's future.
Current Dogecoin Market Dynamics
As of now, Dogecoin is priced at approximately $0.1515, experiencing a slight uptick of 3.18% over the past week, despite a more than 6% drop from the previous day. The market cap of Dogecoin mirrors this volatility, currently standing around $21.82 billion after a general downturn in the global crypto market.
Despite these challenges, trading volume for Dogecoin has surged by over 24%, indicating continued interest and activity in the market. March saw significant gains for Dogecoin, peaking at $0.2201, but still far from the $1 many hope for. Historically, Dogecoin's highest value was $0.73, which remains 36% short of the target.
Pav Hundal's Skeptical Outlook on Dogecoin
Pav Hundal, an analyst at Swyftx exchange, recently expressed skepticism regarding Dogecoin's potential to hit the $1 mark. Hundal highlighted the predicament of many Dogecoin holders from its 2021 peak, who may be quick to sell at any price surge to recoup losses, potentially suppressing significant price increases. He described the situation as a "crapshoot," suggesting that quick-profit strategies by long-term holders could increase selling pressure.
Additionally, Hundal noted a significant decrease in unsettled future contracts for Dogecoin, from $2.15 billion at the month's start to just $928.72 million, pointing to a slowdown in derivatives trading activity related to the coin.
Other Analysts Still See Potential in Dogecoin
Despite Hundal's reservations, other market analysts remain optimistic. Rekt Capital, for instance, continues to support the idea that Dogecoin could reach $1 in the current cycle. Further fueling the speculative fire, a recent post by pseudonymous trader Blockchainmaneofficial on the social media platform X highlighted Dogecoin's historical performance in May, suggesting potential gains between 85% and an astounding 535%.
Looking Ahead: Dogecoin's Price Trajectory
With influential figures like Elon Musk backing Dogecoin, expectations are high, especially with the anticipated market dynamics following the halving event. The community and investors are keenly watching to see if the analyses and historical patterns will align to push Dogecoin closer to or even beyond the $1 threshold.
In conclusion, while the path to $1 remains fraught with uncertainty and volatility, the fervor around Dogecoin continues, supported by both skeptics and believers in the cryptocurrency's potential. The coming months could prove pivotal in determining the trajectory of this beloved meme coin.
$DOGE #Doge🦊 #Dogecoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

BlackRock iShares Bitcoin Trust (IBIT) marked a significant milestone on April 24 as it recorded no new inflows for the first time since its launch, signaling a momentary pause in its steady growth. Introduced in January, the Bitcoin exchange-traded fund (ETF) had previously enjoyed a daily influx of investments, amassing nearly $15.5 billion in its first 71 days.
This event ends a notable streak of consistent daily gains for BlackRock's Bitcoin ETF, highlighting a broader slowdown in the market that affected other participants as well. Among the 11 Bitcoin ETFs registered in the United States, only Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) reported inflows, adding $5.6 million and $4.2 million respectively on the same day.
Conversely, Grayscale Bitcoin Trust ETF (GBTC) saw significant withdrawals, with $130.4 million flowing out, leading to a net outflow of $120.6 million from spot Bitcoin ETFs on April 24 alone. This scenario underscores varying performances within the sector, where some funds continue to attract capital while others face withdrawals.

The U.S. Bitcoin ETF market has accrued a net total of $12.3 billion in Bitcoin investments to date. However, substantial outflows from GBTC, totaling over $17 billion since January 11, have somewhat dampened the overall positive influx to the remaining nine Bitcoin ETFs.
In parallel, some ETF operators are pursuing regulatory approval for Ether-based ETFs in the United States. Yet, these efforts faced a setback as the Securities and Exchange Commission (SEC) recently postponed its approval decisions. On April 23, the SEC extended its timeline by 60 days to further review the proposed rule changes, affecting the potential conversion of Grayscale’s ETH Trust into a spot ETH exchange-traded product on NYSE Arca, with a new decision deadline set for June 23.
This pause in BlackRock’s Bitcoin ETF inflows, along with the SEC's regulatory delays, reflect the complex and evolving landscape of cryptocurrency investments in the U.S., where investor sentiments and regulatory scrutiny continue to shape market dynamics.
$BTC #Bitcoin #BTC #BTCETFSPOT

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The XRP price has recently declined below $0.53 as significant transaction activity, involving the transfer of 150 million coins by Ripple and various whales, has stirred speculation about the cryptocurrency's future direction. Amid a 4% price drop today, the actions of these large holders are closely watched for their potential impact on the market.
Significant Whale Movements Trigger Market Speculation
Whale Alert, a platform that tracks on-chain transactions, reported three major movements totaling 150 million XRP. In one of the most notable transactions, Ripple transferred 100 million XRP, valued at approximately $52.81 million, to an undisclosed wallet. Additionally, an unknown wallet transferred 28.27 million XRP (worth about $15.13 million) to Bitstamp and another 21.92 million XRP (approximately $11.74 million) to Bitso exchange, prompting discussions about the implications of these transfers in the cryptocurrency sector.
These transactions have caught the attention of investors, particularly as the same wallet has been active in moving substantial amounts of XRP to crypto exchanges recently. There is ongoing debate about whether these moves are part of a strategic sell-off or align with Ripple's liquidity management strategy, especially considering Ripple's investment in Bitstamp and their collaborative efforts on cross-border payments.
Market Analysts Eye Possible Recovery Amid Price Fluctuations
As the XRP price fell to $0.525, down by 4.47% today and touching a 24-hour high of $0.5516, analysts and market observers are assessing its potential trajectory. EGRAG Crypto, a prominent market analyst, previously described the $0.53 level as a bullish sign within an ascending channel, suggesting that maintaining this level is crucial for a positive outlook. Contrarily, a report from CoinGape Media posited that breaking the $0.55 mark might drive XRP's price toward $0.8, with possibilities of reaching as high as $1.
The cryptocurrency has seen a nearly 7% increase over the past week, despite a 17% decline over the last 30 days, adding layers of complexity to predictions about its short-term movements. As the community watches these developments, the blend of significant whale activity and market analysis continues to shape the narrative surrounding XRP's future in a volatile market.
$XRP #XRP #Ripple

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

El Salvador's journey as the first country to adopt Bitcoin as legal tender has hit a new snag as hacker activities continue to undermine the security of the state-operated Chivo Bitcoin wallet. In a recent development, a hacker group named CiberInteligenciaSV has released parts of the source code for Chivo on a notorious black hat hacking forum, BreachForums.
Hackers Leak Chivo Wallet Code
On April 23, CiberInteligenciaSV made headlines by releasing part of Chivo's source code along with VPN credentials that are integral to the wallet's ATM network. This leak was distributed via a file named Codigo.rar, which was posted for free, echoing the group's previous approach of not selling the data they acquire. The post by the hacker group read, “This time I bring you the code that is inside the Bitcoin Chivo Wallet ATMs in El Salvador, remember that it is a government wallet, and as you know, we do not sell, we publish everything for free for you.”
Ongoing Security Breaches
This incident is part of a series of security breaches that Chivo has faced. Earlier in April, there was a massive leak involving the personal data of approximately 5.1 million Salvadorans, virtually the entire adult population of the country. Despite the scale of this breach, the Salvadoran government has yet to formally address or acknowledge the issue, adding to the public's concerns about data security.
Warnings and Alerts
Prior to the latest leak, a local cybersecurity initiative, VenariX, alerted the public to the impending release of the source code via a post on the social media platform X. CiberInteligenciaSV had also hinted at their plans through a post on their Telegram channel, stating, “Tonight we will publish part of the source code and VPN access that belongs to Chivo Wallet, for free as always, unless one of you nosy government people wants to talk.”
Background and Implications
Since its launch in September 2021, Chivo has been promoted by the Salvadoran government as the official Bitcoin wallet for its citizens, facilitating Bitcoin transactions including purchases, sales, and ATM withdrawals. However, the platform has been plagued by various bugs and technical glitches from the start, which have only been exacerbated by these security issues.
The ongoing leaks and the lack of a governmental response have created a climate of uncertainty and mistrust among users and observers alike. This situation poses significant questions about the security measures in place to protect the financial and personal data of Salvadoran citizens engaged in Bitcoin transactions. As El Salvador continues to navigate its pioneering role in cryptocurrency adoption, the effectiveness of its cybersecurity measures remains a critical concern.
$BTC #BTC #Bitcoin

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

As Ripple continues to contest a substantial $2 billion fine proposed by the U.S. Securities and Exchange Commission (SEC), notable XRP whale transactions are drawing attention within the cryptocurrency market. These developments have sparked speculation and are shaping investor sentiment regarding the future of XRP.
Whale Movements Amid Ripple's Legal Battle
Amid the legal tussle between Ripple and the SEC, two significant XRP transactions have particularly stood out. According to Whale Alert, an on-chain monitoring resource, these transactions involve two whales acquiring a total of 40 million XRP from Binance. One whale, identified by the wallet address rfQ9E…k8Cvi, purchased 18.84 million XRP valued at approximately $10.26 million. Another, using the wallet address rarG6…2bZKk, bought 19.90 million XRP, totaling around $10.92 million.
These transactions indicate a potential shift in market sentiment and suggest growing investor confidence in XRP, despite its ongoing legal challenges. This is especially relevant as the cryptocurrency has experienced volatility, which many attribute to the uncertainties surrounding the Ripple-SEC lawsuit.
Ripple's Firm Stance Against SEC's Heavy Penalties
In response to the SEC's motion for final judgment, Ripple has filed an opposition brief, challenging the hefty penalties and the basis of the SEC's claims. Ripple argues that the SEC has not proven the likelihood of future violations which would justify the harsh financial penalties it seeks, including a $2 billion disgorgement. Ripple also suggests that a more reasonable civil penalty, if any, should not exceed $10 million, citing the weakness of the SEC's case and referencing fines imposed in other digital asset litigations as comparisons.
XRP's Market Performance Amid Legal Controversies
Despite the optimistic activity from whales, XRP's price has seen a slight decline, trading at $0.5405 with a 0.80% drop over the last 24 hours. Additionally, its trading volume has decreased by 21% to $1.34 billion during the same period. However, XRP has shown resilience overall, with an 11% increase in its price over the past week.
As Ripple continues to defend its position against the SEC's claims, the outcome of this legal battle remains a pivotal factor for XRP's market trajectory. The community and investors are keenly watching these developments, hoping for legal clarity and favorable resolutions that could further influence the cryptocurrency's stability and growth.
$XRP #XRP #Ripple

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Bitcoin (BTC) ownership landscape has experienced a significant transformation early in 2024, as new "whales" have entered the market and begun accumulating substantial amounts of BTC. This shift coincides with the cryptocurrency's price hovering around crucial support levels, currently consolidating around $66,500.
Significant Accumulation by New Bitcoin Whales
Recent on-chain data indicates that since the start of 2024, Bitcoin whales—those holding between 1,000 and 10,000 BTC—have added a staggering 266,000 BTC to their holdings, which represents approximately 1.24% of the total Bitcoin supply. This accumulation has been supported by strong client demand and the launch of spot Bitcoin ETFs earlier this year, which have seen significant inflows.
Transfer of Old Bitcoins to New Holders
The transition of Bitcoin from old holders to new ones has been noted by Ki Young Ju, CEO of CryptoQuant. He reported a significant milestone in Bitcoin’s average dormancy, reaching its highest level in 13 years. This suggests a major reshuffling in the ownership of long-held Bitcoins, potentially altering the power dynamics within the Bitcoin market.
Market Sentiment and Price Prospects
This transition period in Bitcoin's ownership is accompanied by a notable increase in investor sentiment, characterized by fear of missing out (FOMO) among market participants. However, despite this positive accumulation trend, the short-term outlook for Bitcoin’s price action appears precarious.
Ali Martinez, a renowned cryptocurrency analyst, noted that the TD Sequential indicator has signaled a sell order on the 12-hour chart. This technical signal comes as Bitcoin faces resistance at the midpoint of a parallel trading channel, suggesting potential downward pressure if it dips below the crucial support level of $65,500.
Long-Term Prospects: Comparisons with Gold
Amid these fluctuations, Bitcoin's monetary inflation rate has fallen below that of gold. According to the stock-to-flow (S2F) model, this could position Bitcoin to eventually surpass gold in market cap. Bitcoin analyst Willy Woo commented on the lag in Bitcoin’s valuation according to the S2F model, suggesting it could take 5-10 years for Bitcoin to align with these expectations due to the gradual nature of developments in custody infrastructure, regulations, trading instruments, and asset manager acceptance.
As Bitcoin continues to navigate these complex dynamics, both new and seasoned investors are watching closely, gauging the potential for significant returns against the backdrop of evolving market conditions and regulatory landscapes.
$BTC #Bitcoin #BTC

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Solana-based meme coin Dogwifhat (WIF) has experienced a significant price surge, escalating over 20% on Wednesday. This rally is attributed to multiple technical breakouts and a stable backdrop provided by Bitcoin's price action. The momentum in Dogwifhat's price reflects a broader uptrend observed across various altcoins.
Technical Breakouts Propel Dogwifhat's Price Surge
Dogwifhat's price reached a 24-hour peak of $3.39 on April 24, following several key technical breakouts. After a period of trading sideways between $2.8 and $3, the coin broke past the resistance at $3.1. This movement was part of a two-week ascending triangle pattern, which, when surpassed, signaled strong upside potential for the coin. The breakout and subsequent retest of this trendline provided traders with a compelling buy signal, as noted by prominent traders like Ansem and Bluntz Capital, who confirmed the pattern's completion.
Market Response and Whale Activity
The price increase coincided with a significant 70% boost in trading volume, suggesting strong buying interest and accumulation activities, particularly by whale investors. This flurry of trading activity and investor enthusiasm has contributed to a notable 51% rally in Dogwifhat throughout April.
Future Price Projections for Dogwifhat
Looking forward, analysts and traders are optimistic about the continued upward trajectory of WIF's price. With the breakout now confirmed and the trendline successfully retested, the coin is poised for further gains. The entry point for new investments is currently pegged around $3.2, considered an optimal level for buying into the meme coin.
Moreover, the price is expected to escalate by an additional 35%, potentially reaching as high as $4.2 in the coming days. However, traders should remain cautious due to potential slow trading days influenced by crypto market expiries and other macroeconomic data expected this week.
As Dogwifhat (WIF) continues its impressive performance in the market, both seasoned traders and new investors are closely watching its movement, eager to capitalize on this burgeoning meme coin within the Solana ecosystem.
$WIF #WIF #dogwifhat

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Shiba Inu cryptocurrency has witnessed a significant surge in its price, coinciding with a massive transaction in which a whale moved 3 trillion SHIB tokens. This event has sparked considerable interest and speculation within the cryptocurrency community regarding its potential impact on the market.
Shiba Inu Experiences Price Rally Following Whale Transaction
The crypto community is buzzing after the discovery of a major SHIB transaction, where approximately $79.94 million worth of Shiba Inu was transferred between two unidentified wallets. This transaction was highlighted by the on-chain tracking platform Whale Alert. The wallet identified as “0x73a…4d935” transferred the substantial sum to another wallet “0x2ef….2e204,” which is listed among the top 100 richest Shiba Inu addresses. This movement has led to widespread speculation about the reasons behind the transfer and its implications for Shiba Inu's future price movement.
Recent Developments and Future Prospects for Shiba Inu
Alongside market reactions to the whale transaction, there have been significant developments within the Shiba Inu ecosystem. Shytoshi Kusama, the project lead, announced the successful securing of $12 million funding for the development of a Layer-3 blockchain through TREAT. This development is aimed at enhancing the utility and use cases within the Shiba Inu ecosystem, with TREAT poised to play a critical role in the ecosystem's growth and sustainability.
Rising Popularity of TREAT and Ecosystem Growth
TREAT, the ecosystem reward token, is designed to function both as a governance and gas token on the Layer-3 blockchain, adding substantial value for the community. Lucie, the marketing lead for Shiba Inu, emphasized TREAT's role in incentivizing SHIB holders to engage more actively with the ecosystem while offering them rewards and governance opportunities. This strategic focus aims to foster a collaborative environment within the Shiba Inu community, highlighting its potential for ongoing innovation and expansion.
Market Performance of Shiba Inu
At the time of writing, the price of Shiba Inu had increased by 3.09% to $0.00002726. Its trading volume had also risen by 18.60% over the last 24 hours, reaching $751.73 million. Over the past week, Shiba Inu has seen a nearly 20% increase in value, though it has registered a loss of about 3% over the last 30 days.
The recent whale transaction, coupled with positive developments in the Shiba Inu ecosystem, has brought a renewed sense of optimism about the cryptocurrency's trajectory and its role in the evolving digital currency landscape.
$SHIB #SHIB #Shibarium

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on Grayscale's proposal for a spot Ethereum ETF, extending the review period to June 23 amid heightened scrutiny of cryptocurrency ETF applications. This delay is part of a broader pattern affecting not just Grayscale but other asset managers in the sector.
Grayscale initially filed a Form 19b-4 with NYSE Arca in October to convert its existing Ethereum Trust into a spot ETH ETF. This move followed the successful conversion of its Bitcoin Trust into a spot Bitcoin ETF in January.
Extended Review Due to Regulatory Concerns
The SEC's decision to delay the Ethereum ETF approval is based on the need for further evaluation of the proposal's amendments, which require additional time to assess and resolve any potential issues. The regulatory body is conducting a thorough review to ensure that the proposal adheres to all necessary regulatory standards.
This setback is not unique to Grayscale. Other prominent financial institutions, including Franklin Templeton, BlackRock, Fidelity, and VanEck, have also experienced delays with their cryptocurrency ETF applications. Franklin Templeton's application has been postponed until June 11.
Grayscale’s Continued Efforts Towards Approval
In response to the SEC's latest action, Grayscale has taken steps to enhance its application, including submitting a Form S-3 under the U.S. Securities Act. These efforts reflect the company’s commitment to securing approval for the Ethereum ETF.
The ongoing delays in the approval process for spot Ethereum ETFs highlight the regulatory concerns surrounding the crypto market. SEC Chairman Gary Gensler has emphasized that many crypto assets are viewed as securities, influencing the cautious approach taken by the SEC towards these ETFs.
Despite these regulatory challenges, the cryptocurrency ETF market remains active. Following the approval of its spot Bitcoin ETF, Grayscale reported over $12 billion in cumulative net inflows. However, this has coincided with significant outflows from its Bitcoin Trust, which saw a 50% reduction in managed volume over the current week.
$ETH #ETH #Ethereum

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“