Year: 2024

Reports from Bloomberg indicate that Merkle Manufactory, the company responsible for the decentralized social network Farcaster, is poised to achieve a valuation of $1 billion in its latest funding endeavor. Leading this funding round is Paradigm, a prominent crypto investment firm renowned for its backing of major cryptocurrency entities such as Coinbase, Blur, dYdX, Compound,…

in brief Sharks’ historic buying spree indicates a surge in market confidence. Over $18 billion was invested by sharks into Bitcoin. Significant withdrawals from exchanges suggest a strong HODL sentiment. Bitcoin’s shark group has asserted its dominance in the market, accumulating over 268,000 BTC in just a few weeks since their significant involvement in 2012….

The recent dovish statements from the US Federal Reserve, coupled with various macroeconomic factors, acted as a significant catalyst propelling the cryptocurrency sector to unprecedented heights. This bullish momentum has facilitated substantial gains for numerous tokens, with many experiencing double-digit increases. What distinguishes this rally is its broad-reaching impact, extending beyond leading cryptocurrencies such as…

The recent surge in the total value locked (TVL) on the Solana (SOL) blockchain, which has now surpassed the $4 billion milestone, marks a significant inflection point for the network often hailed as the Ethereum (ETH) killer. This achievement underscores Solana’s growing prominence and viability as a formidable competitor within the blockchain ecosystem, particularly in…

In the cryptocurrency market, there exists a continuous interplay between large-scale investors, known as whales, and individual retail investors. Each maneuver made by a whale has the potential to reverberate throughout the entire market, triggering significant fluctuations in prices. Notably, a significant whale activity has garnered attention from crypto enthusiasts, coinciding with the imminent achievement…

A recent Bloomberg report has illuminated Binance’s recent initiatives aimed at refining its customer base. The platform has intensified its screening procedures for prime brokerage clients, specifically targeting the exclusion of investors based in the US. This strategic adjustment arrives amid mounting regulatory pressures and Binance’s proactive measures to bolster its compliance infrastructure. Binance Strengthens…

Multicoin Capital, a hedge fund with a focus on cryptocurrencies, has provided its investors with exceptional returns, surpassing 9,000% since its establishment in 2017. In its annual investor letter dated February 16, the fund disclosed a remarkable turnaround in its fortunes. After enduring substantial losses in 2022 that nearly eradicated its value, Multicoin Capital’s performance…

Grayscale, a leading digital asset management company, has announced the upcoming launch of GDIF, a “dynamic income fund.” This fund is designed specifically for millionaire investors and will concentrate on investing in proof-of-stake tokens. Grayscale has initiated GDIF, an actively managed fund catering to accredited investors. Grayscale Dynamic Income Fund $GDIF is our first actively…

Brazil is tapping into the worldwide interest in Bitcoin by introducing Bitcoin futures trading, seizing the chance to leverage the cryptocurrency’s popularity. As reported by Reuters, B3, the Brazilian exchange operator, disclosed on Thursday that it has secured approval from Brazil’s securities regulator to launch Bitcoin futures trading, slated to commence on April 17th. Bitcoin…