🚀🌕 Hey #CryptoTwitter, guess who's back in the game? Grayscale Bitcoin Trust (GBTC) just saw a net inflow of $63M, its first daily increase since January! 🎉
👀 GBTC, once the go-to for Bitcoin investment, faced stiff competition when it was converted into an ETF. With higher fees, investors pulled out billions, dropping its Bitcoin holdings from 600K to 290K. 😱
🥊 But wait, there's more! BlackRock's iShares Bitcoin Trust (IBIT) is hot on GBTC's heels for the title of biggest Bitcoin ETF. GBTC's got $18.1B in assets, while IBIT's got $16.9B. 🏁
🤔 What's your take? Is GBTC's comeback real or just a fluke? Sound off in the comments! 💬 #DeFi #Web3
🎉Crypto party in Hong Kong!🎉 CF Benchmarks, a London-based firm providing reference data for crypto ETFs, is now working with new ETFs in Hong Kong. Despite a humble start, CEO Sui Chung is optimistic, predicting a $1 billion AUM by end of 2024.💰
Crypto ETFs are the new black, with CF Benchmarks boasting a $24 billion AUM, representing half of the crypto benchmarking market. Mostly Bitcoin products, including BlackRock's IBIT, are on the menu.🍽️
Next stop? South Korea and Israel!🌍 Chung sees these markets as the next to list crypto ETFs. "South Korea is a market where ETFs have become the wrapper of choice for long-term savings," he said.🚀
What do you think? Will Hong Kong's crypto ETFs hit the $1 billion mark? Sound off in the comments!👇 #DeFi #Web3
P.S. This tweet is brought to you by a Kraken-owned company. No sea monsters were harmed in the making of this prediction.🐙
🚀Tether, the big daddy of stablecoins, is joining forces with blockchain watchdog Chainalysis to keep an eye on USDT transactions in secondary markets. This ain't just about counting coins, folks! They're on the lookout for naughty stuff like illicit transfers and potential terrorist financing. 🕵️♂️
🔍The aim? To sniff out crypto wallets that might be up to no good or linked to sanctioned addresses. Tether's CEO, Paolo Ardoino, is all smiles about this partnership, calling it a "pivotal step" towards transparency and security in the crypto world. 🛡️
🌍This move comes amidst growing global pressure on Tether, with some accusing USDT of being a tool to dodge international sanctions and facilitate shady finance. Even Venezuela's state-run oil company has reportedly been using USDT to sidestep U.S. sanctions. 🕹️
💰With over $110 billion USDT in circulation, it's clear that Tether isn't playing around. The coin, backed mostly by U.S. Treasury bonds, is managed by Wall Street trading house Cantor Fitzgerald. And guess what? Tether just reported Q1 earnings of a whopping $4.52 billion! 💸
Got thoughts on Tether's new partnership? Drop 'em in the comments below! Let's get this crypto convo going! 🎤 #DeFi #Web3
🍊 MicroStrategy Orange が#DeFiの世界で大活躍中!🌊 同社は、ビットコイン ブロックチェーンを使用して「信頼性がなく、改ざん不可能で、長寿命」な分散型 ID を作成しています。🛠️ 口先だけでなく実際に行動に移すと話題です!💰
今年初め、同社は「ビットコイン開発会社」としてブランド名を変更し、今では本気で取り組んでいることを示しています。同社はすでに、電子メールにデジタル署名を統合する「Orange For Outlook」というアプリを開発しています。📧 「この電子メールは本物か?」とパニックに陥ることはもうありません!😅
🚀LayerZero, the cross-chain interoperability protocol, has taken a snapshot for its first airdrop, slated for the first half of 2024. More airdrops are coming, folks! 🎉
🤓For those not in the know, snapshots are like the opening act for outflows. Airdrop farmers, those savvy investors who juggle protocols to boost airdrop allocations, can then shift liquidity to other projects without forfeiting future claims. 🌊
🔗LayerZero, the blockchain connector sans third-party, is currently used by Stargate and Radiant Capital, both of which saw slight token gains post-snapshot. 📈
💰Last April, LayerZero bagged $120 million at a $3 billion valuation in a Series B round, with Andreessen Horowitz and Sequoia Capital chipping in. 💼
📉In the past 24 hours, there's been a negative $5 million net flow from the Stargate bridge, with $43 million deposited and $48 million withdrawn, as per DefiLlama. 🐪
Got thoughts on this? Drop them in the comments! Let's chat about the future of DeFi and Web 3.0! 🌐 #LayerZero #DeFi #Web3.0
🔔News Flash! Binance's Nigeria money laundering trial is now a Netflix series with a new season releasing on May 17th! 😂 Just kidding, but the trial has indeed been delayed to May 17th.
The plot thickens as Binance's head of financial compliance, Tigran Gambaryan, a U.S. citizen, is cooling his heels in Kuje prison, waiting for a bail hearing. 🕵️♂️
The drama started when Binance and its executives were slapped with anti-money laundering and tax evasion charges. Gambaryan's co-star, Nadeem Anjarwalla, has since escaped and is now Nigeria's most wanted. 🏃♂️💨
The trial was supposed to happen today, but Binance's lawyer pulled a classic "I didn't get the memo" move, claiming he hadn't received the 300-page evidence. The judge, being a good sport, gave him more time to go through it. 📚⏳
So, folks, grab your popcorn and stay tuned for the next episode on May 17th! 🍿🎬 What's your take on this? Drop your thoughts in the comments. #Binance #CryptoDrama
🎉🚀 Bitcoin's rollercoaster ride continues! After a dip to $56,500, it's back around $58,000. Despite the Fed's unchanged interest rates and a whopping $563.7M outflow from US spot ETFs, the crypto market is up 4%. Altcoins like SOL and AVAX are leading the recovery. #DeFi #Web3
🧐🔍 But wait, there's more! BlackRock's digital assets head predicts a new wave of investors (think sovereign wealth funds, pension funds, endowments) are about to dive into bitcoin ETFs. Could this be the pent-up demand we've been waiting for? #Bitcoin #ETFs
📈🔮 Bitfinex traders seem to be buying the dip, with Bitcoin trading at a $100 premium. Is this a sign of things to come? Let's chat in the comments! #CryptoMarket #Bitfinex
Remember, in the world of crypto, the only constant is change! Stay tuned for more updates. And remember, #HODL! 🚀🌕
P.S. This post is about DeFi, Web 3. If it's not, reply with "This post is irrelevant".
🚀🤑 Patrick Gruhn, ex-head of FTX Europe, just made history by dropping a cool $1.5 million on a Titanic relic. He's now the proud owner of a gold pocket watch that once belonged to John Jacob Astor IV. Talk about a sinking feeling in your wallet! 😂💸
Gruhn used the proceeds from his company sales to snag this piece of history. He plans to display it in museums, so we can all gawk at his expensive taste.🕰️👀
🔍📉 Amidst FTX's bankruptcy drama, Gruhn and others agreed to buy back FTX's European assets for about $33 million. He claims he was clueless about the fraud before it all went down.
Now, he's chilling in Oregon, running a Catholic TV network and planning to build a crypto derivatives exchange in Europe. Talk about a career pivot! 🔄📺
What do you think of Gruhn's extravagant purchase? Is it a smart investment or a Titanic-sized mistake? Let us know in the comments! 👇🤔 #DeFi #Web3
P.S. Read more about Sam Bankman-Fried's remorse after his 25-year prison sentence.
🚀🚀Hey #CryptoTwitter, we've got a wild ride here! Investors yanked a whopping $563M from U.S. spot #Bitcoin ETFs on Wednesday! Fidelity's FBTC led the pack, with GBTC, ARKB, and IBIT trailing behind. 📉😱
But wait, there's a plot twist! Fed chair Jerome Powell ruled out a rate hike, sparking a brief BTC bounce. Guess the market's as unpredictable as your ex, huh? 😂🎢
Despite this, the ETFs have seen a net outflow of nearly $1.2B since April 24. FBTC alone lost $191.1M in withdrawals. Even GBTC saw an outflow of $167.4M. Seems like the bulls are on a diet, huh? 🐂💸
But hey, don't be a Debbie Downer! The Fed's dovish stance put a floor under risk assets, including Bitcoin. And let's not forget the brief BTC rally post-Powell's comments. 💪💰
So, what's your take? Are we heading for a bull run or a bear market? Drop your thoughts below! Let's get this crypto convo going! 💬🔥 #DeFi #Web3
P.S. Remember, in the world of crypto, it's always HODL o'clock! 🕰️🚀
🚀📉 Fed's FOMC left the benchmark rate unchanged, causing Bitcoin to bounce like a kid on a sugar rush, but it's still down 4% at $58K. 🎢
🤓 They're also slowing down the reduction of Treasuries held, from $60B to $25B per month. This QT reduction could boost liquidity in financial markets and increase risk appetite, says economist Joseph Brusuelas. 💰
📈 Markets entered 2024 expecting a series of rate cuts, but the economy's Hulk-like strength and rising inflation have dashed those hopes. Now, there's a 25% chance of zero rate cuts this year. 😱
📉 This change in expectations has hit traditional markets and Bitcoin, which is down 20% from its mid-March high of $73K. 📉
🔮 What's next? Keep an eye on Fed Chairman Jerome Powell's press conference for more clues. And remember, in the world of DeFi and Web 3, volatility is just part of the game. 💪
🎉 Let's chat in the comments! How do you think this will impact the DeFi and Web 3 landscape? 🚀 #DeFi #Web3 #Bitcoin #Fed.
🚀 Rootstock's new plan, BitVMX, aims to boost Bitcoin's programmability, making it more like Ethereum but without changing the underlying code. It's like giving Bitcoin a new superpower without a radioactive spider bite! 🕷️
👨💻 Sergio Demian Lerner, known for his early work on Satoshi Nakamoto's Bitcoin stash, discussed this at the Bitcoin++ conference. He's optimistic, saying they're moving "at full speed" & plan to finish in a year. 🏎️
🔧 BitVMX is based on Robin Linus's BitVM design, hailed as a breakthrough for Bitcoin. It could enable programmable layer-2 networks, making transactions cheaper & faster. It's like Bitcoin on a budget airline - same destination, less cost! ✈️
🔬 Rootstock Labs published a blog post on the effort, saying "theory and practice are two very different things," & they plan to build on Linus's initial discovery. It's like they're saying, "Nice theory, Linus, but watch us make it better!" 🎯
📈 Rootstock Labs says a team is working on a public roadmap of proposed improvements for the next 12 months. It's like they're saying, "Hold on to your hats, folks, we're just getting started!" 🎩
What do you think about this? Will BitVMX be a game-changer for Bitcoin? Let's discuss in the comments! #Bitcoin #DeFi #Web3