Daily #Web3 Market

3 Jun 2024:

What’s behind the nearly $1 billion surge in blockchain gaming investments

The first quarter of 2024 saw renewed investor interest in the crypto market, with landmark litigation ending and US investors accessing spot Bitcoin ETFs. This has opened the doors to Web3 for large institutional investors. Read more

Bitcoin miner balances fall below 1.81 million BTC, lowest in years post-halving

Bitcoin miner balances have steadily declined since late 2023, reaching lows not seen in years, reflecting miners' responses to the recent Bitcoin halving in April 2024. Read more

Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD

Stephen Richardson from Fireblocks aligns with Bloomberg’s analysts, expecting spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch. Read more

Nirvana Finance founder recounts the ‘worst day’ of his life

The once-anonymous founder of Nirvana Finance reveals how a random Telegram message led to capturing the exploiter who stole $3.5 million from the protocol. Read more

Linea blockchain halt highlights slow decentralization of Ethereum L2s

Linea halted its sequencer to prevent additional funds from bridging out but intends to decentralize in the near future. Read more

Matter Labs drops ZK trademark applications after industry backlash

Following a public letter from ZK researchers and industry experts, Matter Labs has dropped its ZK trademark applications due to accusations of oppressive behavior. Read more

El Salvador's pro-Bitcoin President Nayib Bukele sworn in for second term

El Salvador's pro-Bitcoin President Nayib Bukele begins a new five-year term, positioning the country as a "world leader" in the crypto industry. Read more