Hashkey Capital, one of Asia’s largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector analysis for the first half of 2024. The report covers significant technological advancements across multiple blockchain sectors, with a strong focus on Ethereum, account abstraction, and developments in decentralized finance (defi). Hashkey Capital’s Report Warns of Block…
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Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing,…
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Following a slow period for non-fungible token (NFT) sales in September, the past week has shown a 10.07% rise in revenue compared to the previous week. According to data from cryptoslam.io, the total NFT sales reached $85.8 million, with Ethereum contributing $27.75 million. NFT Market Sees $85.8M in Sales, Ethereum Tops $27M Over the past…
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On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday,…
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According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving…
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Ethereum (ETH) has seen a 10.3% drop from last week’s highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction. Ethereum Whales Send Millions To Exchanges Ethereum has struggled to reclaim some key resistance levels since the October 1 correction. On Tuesday, the cryptocurrency…
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Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by…
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Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to bitcoin and ether.…
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In an analysis shared on X, crypto analyst Astronomer (@astronomer_zero) delves into the question that’s been looming over the crypto community in recents months: “Will we never have a proper altcoin season again?” As Bitcoin’s dominance (BTC.D) continues to surge and altcoins struggle to keep pace, Astronomer provides a data-driven perspective challenging the prevailing narratives…
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In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism’s DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline. Decentralized Autonomous Organizations…
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