In the latter, as long as you profit, everything is fine. In fact, if you have sufficient capability to financialize, you don’t even need profit now. You can promise endless future profits, “grow” (i.e., “increase”), sell the rights to them, and move on. Everything becomes reducible to its immediate flows. But as you gradually strip … Read more
China may be about to explode in XRP, Ethereum, and Bitcoin prices with the latest launch of ETF. Forbes reports that crypto investors already anticipate that Hong Kong and the United States will battle for cryptocurrency inflows into their respective funds due to the revelations. SOURCE
According to a chart provided by Eric Balchunas, Bloomberg’s senior ETF analyst, BlackRock’s iShares Bitcoin ETF (IBIT) has managed to secure 64 consecutive days of inflows. Advertisement Fidelity’s inflow streak ended at 63 days on Friday as it took in $0. $IBIT still alive w/ 64 days and looking to tie $USMV tonight for 14th spot … Read more
The DOJ is reconsidering its decision to appoint Sullivan & Cromwell as Binance’s independent monitor because of its relationship with FTX. According to Bloomberg, the law firm was on the verge of being named to oversee Binance’s compliance with a settlement that included a $4.3 billion penalty for breaching U.S. anti-money laundering laws and sanctions … Read more
A contract asking users to bet on the outcome of the 2024 Presidential election—which has over $110.8 million staked, easily a record for crypto-based prediction markets—saw “yes” shares for Biden winning rise 1 cent, to 45 cents, and “yes” shares for Trump dip by a penny to 45 cents. A share pays out $1 if … Read more
Fungible Bitcoin tokens, released under the BRC-20 standard, are taking a beating five days before the Bitcoin halving and the concurrent launch of the Runes protocol. Four of the top five BRC-20-based tokens by market capitalization—ORDI (ORDI), SATS (SATS), Multibit (MUBI), and Ordiswap (ORDS)—are down over the last seven days. Bitcoin Pups (PUPS) alone is … Read more
Contents Oasys teams up with LayerZero’s omnichain ecosystem More blockchains to be integrated by Oasys Advertisement The joint infrastructure by the two teams will be used for NFTs and value transfer between various blockchains while accessing gaming mechanisms and designs. Oasys teams up with LayerZero’s omnichain ecosystem According to the official statement by the two … Read more
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more. SOURCE
Chainlink (LINK) price successfully validated a bearish outcome set towards mid-March but is now looking to reclaim losses. The altcoin is expected to receive support from investors who incurred substantial losses over the past two days, potentially contributing to its recovery. Chainlink Investors Act Bullish Following the massive drawdown that resulted in nearly a 30% … Read more
The price of Dogecoin (DOGE), the largest meme coin spiked more than 4%, after Elon Musk posted yet another meme devoted to the Bitcoin parody on his X page. Advertisement Musk shared his variation of the popular “Biggus Dickus” joke from the 1979 comedy film Monty Python’s Life of Brian. The billionaire has portrayed the … Read more