All Bitcoin ETFs See Positive Cash Flow for the First Time Ever

    Bitcoin exchange-traded funds (ETFs) experienced a positive cash flow for the first time ever, with investors putting more money into Grayscale's Bitcoin Trust (GBTC) than withdrawing from it. This turnaround comes after weeks of outflows and a significant drop in interest from investors. The collective Bitcoin ETF market saw a total of $378 million enter on Friday, marking a remarkable shift in sentiment.

    Expand
    Exodus Wallet Maker Becomes First US Company to Tokenize Its Common Stock on the Blockchain

    Exodus Movement, the developer of the Exodus Wallet for Bitcoin, has received approval to list its common stock on the New York Stock Exchange. The stock, represented by the ticker symbol EXOD, is tokenized on the Algorand blockchain, making Exodus the only US company with its common stock tokenized on the blockchain. This move allows Exodus to raise capital from the public in a regulated manner and offers benefits such as faster and easier trading for investors.

    Expand
    ‘Fantasy Top’ Game Turns Crypto Personalities Into NFT Trading Cards

    Crypto Twitter is buzzing about Fantasy Top, a game that turns popular crypto personalities into Ethereum NFT trading cards. Players can create card lineups based on real-world Twitter engagement and earn crypto and in-game prizes. Influencers are promoting their own cards and forming private groups to discuss strategies and incentivize buyers.

    Expand
    DwellFi Closes Seed Funding to Accelerate the Adoption of AI, Blockchain, and Tokenization Services for the Asset Management Industry

    DwellFi, a leader in AI, blockchain, and tokenization solutions for Private Funds and Fund Administrators, has successfully closed $3M of funding to date. The investment, led by E1 Ventures, Stanford Blockchain, Hustle Fund, Blockchain Coinvestors, and Fortified Ventures, underscores the confidence venture capitalists have in DwellFi's innovative approach to modernizing legacy systems in the Asset Management industry.

    Expand
    Meme Coins Follow Bitcoin Into the Doldrums, But Dogwifhat Rises

    Bitcoin and the rest of the crypto market are experiencing a slight dip, with Bitcoin trading at $63,330, representing a -1.5% decrease in the last 24 hours. Meme coins, such as BONK and Dogecoin, are also suffering losses, showing similar market behavior.

    Expand
    Long-Term Holders of Bitcoin Tighten Their Grip Awaiting the Next Bull Run

    Glassnode's analysis shows that the sell pressure on Bitcoin has significantly decreased, with long-term investors holding onto their BTC for longer periods. The "Value Days Destroyed (VDD) Multiple" metric has cooled down, indicating a shift back to accumulation mode. Long-term holders are waiting for higher prices before selling, resulting in a lack of supply and potential demand bids.

    Expand
    Top VCs Join EYWA's Seed Round Led by Curve's Founder

    EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability.

    The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi Capital and GBV Capital. They joined a seed round alongside Big Brain Holdings, Marshland Capital, Mulana Capital and others.

    EYWA and Curve are working together to develop a trustless bridge that relies on a consensus of the most reliable messaging protocols available — eliminating dependence on a single bridge for moving large liquidity positions.

    Expand
    Sui Surpasses Solana in Daily Transactions Amidst Spam Token Frenzy

    Sui, a blockchain network that targets scalability and low fees, overcame Solana in registered activity. According to Artemis, a blockchain statistics tool, Sui registered over 41 million transactions on April 3, leaving Solana behind with 27.7 million transactions completed during the same period.

    The overheating in Sui’s usage is related to spam, a token used to stress test the capabilities and limits of the blockchain. 1 billion spam tokens are issued daily and will be distributed among the users sending transactions using Sui’s network. Spam rewards will be equivalent to the participation of each user in the test, with participants with more transactions issued getting more spam.

    Expand
    Grayscale Bitcoin Trust ETF Breaks 11-Week Streak With $63 Million in New Cash

    After 11 weeks of consecutive outflows, the Grayscale Bitcoin Trust ETF (GBTC) finally saw a positive gain of $63 million in new cash. The approval of competing spot Bitcoin ETFs in January had caused many investors to cash out, impacting the entire cryptocurrency space.

    Expand
    Dynamic modular service platform Crestal completes $2 million Pre-Seed round of financing, with participation from MH Ventures and others

    Dynamic modular service platform Crestal announced the completion of a $2 million Pre-Seed round of financing, with participation from MH Ventures, Cogitent Ventures and NxGen. The new funds will be used to accelerate the construction of modular services.

    Crestal is a dynamic modular service platform where developers can discover, deploy and upgrade modular services by binding decentralized providers with verifiable proof of performance (PoP TM). Anyone can work with service providers and be rewarded for maintaining high-quality modular infrastructure that supports Web3 builders on all chains.

    Expand
2024
May
SuMoTuWeThFrSa
28
29
30
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
01
02
03
04
05
06
07
08