1 Aug 2024
Ethereum ETFs could reach $10B AUM in first year: Sygnum Bank
Ethereum ETFs could accumulate up to $10 billion in assets under management (AUM) within their first year, according to Sygnum Bank. This projection follows positive net flows and increasing interest in Ethereum investment products. Read more
Coinbase L2 Base hosts 80% of active Uniswap traders — Token Terminal
Coinbase’s Layer 2 solution, Base, is now home to approximately 80% of Uniswap’s active traders. This significant adoption highlights the growing interest in decentralized exchanges and Layer 2 technologies. Read more
Bybit introduces Indian digital rupee CBDC payment option
Bybit has launched a new payment option allowing users to transact using the Indian digital rupee (CBDC). This initiative aligns with the Reserve Bank of India’s digital currency advancements. Read more
Nvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’
Nvidia’s stock surged by 11% following its presentation at SIGGRAPH, where the company showcased innovations in robotics and artificial intelligence. Read more
BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits
BNB Chain’s total value locked (TVL) decreased by 24% in the second quarter, yet key metrics saw double-digit growth, indicating a complex but resilient ecosystem. Read more
Is Bitcoin Poised for a September Price Surge? What Traders Need to Know
Analysts speculate that Bitcoin may experience a price surge in September, with market trends and investor behavior pointing towards a potential uptick. Read more
Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens
A hedge fund manager predicts that Bitcoin’s price could skyrocket to $428,000 under certain market conditions, highlighting the potential for significant growth. Read more
Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000
According to Elliot Wave Theory, Bitcoin’s price may drop below $40,000, driven by market patterns and investor sentiment. Read more
Grayscale Ethereum ETF suffers nearly $2 billion outflow since debut
Grayscale’s Ethereum ETF has seen nearly $2 billion in outflows since its launch, indicating a challenging start for the investment product. Read more
Ethereum ETF flows turn positive as BlackRock fund logs $118 million inflows
BlackRock’s Ethereum ETF has recorded $118 million in inflows, marking a positive turn for Ethereum ETF investments. Read more
Grayscale Launches Mini Spot Bitcoin ETF at ‘Ultra-Low’ 0.15% Fee
Grayscale has introduced a Mini Spot Bitcoin ETF with an ultra-low fee of 0.15%, aiming to attract cost-conscious investors. Read more
The Protocol: Bitcoin Gets Political as U.S. Government Ponders Airdrops
The U.S. government’s consideration of Bitcoin airdrops as part of strategic initiatives has sparked political discussions around cryptocurrency. Read more
BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds
BlackRock has added $4.1 million worth of its iShares Bitcoin Trust (IBIT) shares to two of its funds, including $3.6 million to the BlackRock Strategic Income Opportunities Portfolio (BSIIX). Read more
Metaplanet to invest additional ¥250 million in Bitcoin amid staggering stock growth
Japan-based Metaplanet plans to purchase an additional ¥250 million ($1.6 million) worth of Bitcoin, continuing its aggressive Bitcoin acquisition strategy. Read more
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