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Daily #Web3 Market

Writer's picture: AbiAbi

26 Sep 2024



Bitcoin holders in profit soar to 84% as Bitcoin solidifies position above $63k

Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit have risen to approximately 84%, coinciding with the digital asset’s price reaching around $63,800. This marks a recovery from earlier in the summer when UTXOs in profit dipped to about 65% during price corrections below $55,000. Read more


BlackRock’s Bitcoin ETF dominates with $184.4 million inflow amid positive Ethereum ETF movements

On Sept. 25, Bitcoin ETFs recorded net inflows of $105.9 million, driven primarily by a significant $184.4 million inflow into BlackRock’s IBIT ETF. However, this was partially offset by notable outflows from Fidelity’s FBTC and Ark’s ARKB ETFs, which saw withdrawals of $33.2 million and $47.4 million, respectively.  Read more


Solving post-TGE fundraising challenges: How Vellos is transforming token markets

The journey for blockchain protocols doesn’t end after their Token Generation Event (TGE); in many ways, it’s just the beginning. While pre-TGE projects often bask in the glow of investor hype and support, post-TGE protocols frequently face significant hurdles when attempting to raise additional funds by selling discounted tokens from their treasury. Read more


U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO

The U.S. crypto market will "bifurcate from the rest of the world" said Stephan Lutz, CEO of crypto exchange BitMex, in an interview with CoinDesk. Read more


Key Indicators Challenge Fed's 'Normalization' Rate Cut That Torched Bitcoin Rally

The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls. Read more


Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection

Data from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid global monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries. Read more


PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto

The service won't be available to New York state in the beginning. Read more


The Next Wave of AI Is Mobile

AI is moving beyond tech giants as everyday smartphones take on complex computing tasks, says Mitch Liu, CEO of Theta Labs. Read more


The Protocol: When Trump Bought Red-Meat Bitcoin Burgers, He Called It 'Crypto'

Republican U.S. presidential candidate Donald Trump won chits from the Bitcoin community for reportedly purchasing smash burgers at a Bitcoin-friendly New York pub. But in a way, the whole episode was about damage control. Read more


Ethereum's Changing Landscape

For investors, ETH’s future depends on how Ethereum balances innovation with maintaining healthy economic policy, says Matthew Kimmel, digital asset analyst, CoinShares. Read more


The Fed Pivot is Finally Here

Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which could have strong implications for the crypto community, says Andre Dragosh, head of research Europe, CoinShares. Read more


Visa to Help Banks Issue Fiat-Backed Tokens on Ethereum Via New Tokenized Asset Platform

Visa Tokenized Asset Platform (VTAP) will enable the development of fiat-backed tokens powered by smart contracts. Read more


CoinDesk 20 Performance Update: LINK Surges by 7.1% as Index Rises

With 19 out of 20 assets in the green, the index posted a 1.4% gain. Read more


Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin

Smaller bitcoin investors and reduced liquidity signal potential for continued price growth Read more


WazirX Hacker Is Almost Done Laundering $230M Stolen Funds

On-chain data shows the hacker, or group of hackers, behind the massive theft is now close to completing the laundering of the stolen funds. Read more


First Mover Americas: Bitcoin Retreats Following Ascent to $64K

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more


Taurus, Aktionariat partner to enable trading of tokenized shares

Taurus and Aktionariat’s collaboration will allow Swiss SMEs to tokenize shares, offering new trading possibilities for investors on the TDX platform. Read more


3 reasons why Bitcoin struggles to hold $64.5K

Bitcoin has lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impact investor sentiment. Read more


SHIB, PEPE Post Major Daily Gains, BTC Price Recovers From Sub-$63K Dip (Market Watch)

Shiba Inu's larget native token has soared by 13% in the past 24 hours. Read more


Bullish Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 26

XRP was forecasted to reach a new ATH soon, while Shibarium hit a new milestone. Read more


BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb

Bitcoin holdings in the United States are increasing, primarily driven by demand for BTC exchange-traded funds. Read more

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