In Brief Five cryptos are trending due to various factors, offering insights into the market sentiment. Bitcoin’s price surge past $50,000 is attributed to significant inflows into spot Bitcoin ETFs. VeChain, Starknet, Worldcoin, and Livepeer show unique appeal and rapid price increases. Keeping an eye on trending coins can offer valuable insights into investors’ sentiments…
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In Brief Vitalik Buterin praises Farcaster, a decentralized social network built on the Optimism network, for its potential as a Twitter alternative. Farcaster emphasizes user ownership, privacy, and interoperability, with unique measures to limit bot activity through a $5 sign-up fee. Despite challenges, like a significant decline in daily revenue, Farcaster’s innovative features and community…
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Quick Take The Bitcoin ETF market exhibited a continued surge in net inflows on Feb. 13; the trading day saw a total positive net flow of $631 million across all providers, with a total net inflow of 12,736 BTC, according to BitMEX Research. BitMEX data shows that BlackRock IBIT marked a notable achievement with a…
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In Brief The Intercontinental Exchange-owned crypto platform Bakkt has received approval to raise $150M to fund its long-term vision. Bakkt’s move to raise capital indicates possible financial instability, as it struggles to generate sustainable operating profits and sufficient cash flows. Despite a recent 7.8% gain, Bakkt’s share prices have plunged over 97% from their all-time…
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Bitcoin’s surge past $50,000 catalyzed a broader market upswing, propelling numerous large-cap alternative digital assets such as Ethereum (ETH), Solana (SOL), and others to significant gains. According to data from CryptoSlate, Ethereum saw a 7% uptick, reaching $2,661, while SOL surged 8% to hit $114. Among the top 10 digital assets, Avalanche’s AVAX spiked 6%…
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In Brief Dogecoin on Solana network soars by 1,401,490% in a day, then retracts to near initial levels. The meme coin Dogwifhat (WIF) spikes 25% in 24 hours, influenced by LeBron James’ hat choice. Solana’s meme coin Smog (SMOG) surges over 2,500% in a week, highlighting market volatility. In the crypto market, where trends can…
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In Brief Crypto investment strategy firm CoinShares achieved a $42 million profit in Q4 2023, rebounding from challenges in 2022. Coinshares’ expansion plans include entering the United States market via partnership with asset management firm Valkyrie. The firm aims to consolidate European crypto market leadership while leveraging Valkyrie for US growth. CoinShares, Europe’s largest cryptocurrency…
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In Brief DWS Group warns of inflation and higher bond yields if Trump is re-elected. Rick Santelli highlights risks of high bond yields, suggesting market volatility. Trump’s CBDC stance and AI regulation views could inadvertently boost BTC. As the November presidential election approaches in the United States, speculation mounts about the potential repercussions of Donald…
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In Brief Putin criticizes Biden’s policies for undermining US dollar’s global reserve currency status. Sanctions and political use of USD lead to de-dollarization, with Russia shifting to yuan and ruble. Amidst US debt concerns, Bitcoin gains traction as a potential safe haven and investment. Russian President Vladimir Putin has leveled a severe warning against the…
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In Brief Crypto markets reach highest levels in two years, nearing $2 trillion cap, with Bitcoin topping $50,000. This bull run aligns with the start of a Fed easing cycle, and the market maintains a “buy the dip” mentality. Crypto market evolution includes emerging narratives, such as AI hype and RWA tokenization, driving wealth creation.…
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