Ethena’s synthetic stablecoin, USDe, has crossed $8.4 billion in supply, adding more than $3.14 billion over 20 days in a surge that outpaced flows into BlackRock’s (BLK) flagship bitcoin and ether exchange-traded funds. (Ethena) According to on-chain data curated by the Ethena community, the supply increase since July 17 is the fastest period of growth … Read more
U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors. The pullback came as bitcoin (BTC) itself traded mostly flat to start the week. Prices continue to hover in a tight range on … Read more
Crypto asset manager Bitwise said on Friday that $240 million (roughly Rs. 1,990 crore) flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday. The U.S. Securities and Exchange Commission approved 11 spot bitcoin ETFs this week, including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, … Read more
ChainML, a Web3-enabled AI platform, has secured a notable investment, handing a boost to the Web3 funding environment. The Silicon Valley-based AI and ML development and research firm’s latest investment round, Led by Hack VC, fetched $6.2 million (roughly Rs. 51 crore). The platform aims to decentralise access to artificial intelligence (AI). The latest investment … Read more
Ethereum’s ether (ETH), the second largest crypto asset, is seeing renewed investor interest, with spot exchange-traded funds (ETFs) in the U.S. recording one of their strongest streak of momentum of their one-year history. On Thursday, BlackRock’s iShares Ethereum Trust (ETHA) booked its largest daily inflow to date, with over $300 million, pushing its total assets … Read more
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin (BTC) and Ether (ETH). Global crypto exchange-traded products (ETPs) recorded $1.04 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow … Read more
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin (BTC) and Ether (ETH). Global crypto exchange-traded products (ETPs) recorded $1.04 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow … Read more
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin (BTC) and Ether (ETH). Global crypto exchange-traded products (ETPs) recorded $1.04 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow … Read more
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin (BTC) and Ether (ETH). Global crypto exchange-traded products (ETPs) recorded $1.04 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow … Read more
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin (BTC) and Ether (ETH). Global crypto exchange-traded products (ETPs) recorded $1.04 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow … Read more