The top five Bitcoin mining firms aren’t offloading their Bitcoins, even though a significant reduction by half in the new Bitcoin supply is upcoming. Based on a Bitwise report from April 10, 2024, the leading five Bitcoin mining firms collectively offloaded approximately 2,000 Bitcoins – the smallest amount in the past two years. In the … Read more
Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong. Based on the Balchunas’ assessment, the man’s estimated assets amount to $1 billion during the initial two-year period. The ETF expert acknowledged this as a favorable sign yet emphasized that it falls significantly short of the $25 billion figure mentioned by … Read more
BytePlus, a division of ByteDance responsible for technology, including the popular TikTok platform, has teamed up with Mysten Labs. This partnership aims to enhance the Sui blockchain community by utilizing BytePlus’s proficiency in artificial intelligence (AI) and data analysis. The primary goal is to optimize Web3 gaming and SocialFi applications. Stone-cold News: BytePlus, an enterprise … Read more
The Parcl protocol on Solana lost 40% of the total value locked after airdropping the PRCL token. Based on DefiLlama’s figures, over 40% of the total value invested in the real estate betting platform Parcl was taken out as withdrawals by users. On April 15, a snapshot was planned for an airdrop. But during its … Read more
Around 135 conventional banks now offer crypto services, reflecting the quick spread and growing acceptance of blockchain assets in the mainstream market. Based on a collaboration between Finery Markets and Coincub’s report, there has been a significant surge in connections between traditional banks and digital assets. More money institutions are now integrating decentralized finance solutions … Read more