News - Page 39

Cardano (ADA) has once again displayed impressive growth trends in its third quarter (Q3) according to a recent report from crypto analytics firm, Messari.

According to RWA.xyz, the tokenized Treasury market has experienced significant growth, reaching $698 million from $100 million at the beginning of the year. This expansion can be attributed to the entry of new players into the market and the growth of existing platforms. Charlie You, co-founder of RWA.xyz, highlighted this development in the Our Network newsletter.

Institutional investors are showing increased confidence in the crypto market, with the largest allocation of capital into digital assets markets in over a year. According to a report by digital assets manager CoinShares, institutions invested $326 million into crypto investment products last week, marking the highest weekly inflow since July 2022.

A widely followed crypto analyst believes that Bitcoin (BTC) has officially entered bull market territory and is now primed for a rally toward $50,000.

The amended law has introduced several key changes that enhance the benefits of the original law. One significant change is the provision for a faster registration time, reducing it from a range of 30-60 days to a maximum of 30 days. This streamlined process will expedite the registration of entities and promote efficiency.

A widely followed crypto analyst has provided insights into what a 'worst-case scenario' could look like for Bitcoin (BTC) leading up to the anticipated April 2024 halving event.

The first Bitcoin exchange-traded fund (ETF) has registered its highest weekly trading volume since its inception. The BTC futures ETF released by ProShares, known as BITO, recorded $1.7 billion in trading volume, while the Grayscale Bitcoin Trust (GBTC) saw $800 million. This data suggests a strong appetite for Bitcoin ETFs.

Silicon Valley's renowned venture capital firm, Andreessen Horowitz, is set to amass around $3.4 billion for its upcoming early-stage and seed-stage funds. This represents a significant increase from the firm's previous fundraising endeavors. In addition, Andreessen Horowitz has plans to expand its investment horizons by introducing new growth, crypto, and bio vehicles in 2025.

Wall Street is making a significant move into the world of bitcoin, with the promise of billions in new investment through ETF vehicles. This development marks a turning point for the digital assets industry, as mainstream institutions step in to make tokens safer for investors and bring greater regulatory clarity.

Bitcoin (BTC) price remains relatively unchanged on Monday. The weekend session was noticeably uneventful, with BTC upholding support at $34,000. Investors are looking forward to a busy week, with the Federal Open Market Committee (FOMC) expected to meet and deliberate the next decision on interest rates in the United States.

In the aftermath of FTX, there were concerns about the future of centralized exchanges (CEXs) and the rise of decentralized exchanges (DEXs). However, data shows that CEXs are still thriving and offer unique advantages for traders and investors.

Terraform has filed a motion for summary judgment in response to the Securities and Exchange Commission's (SEC) investigation. The motion argues that after two years of investigation, the SEC has failed to provide sufficient evidence to prove that the defendants did anything wrong. Terraform highlights that during the discovery period, more than 20 depositions were taken and over two million pages of documents and data were exchanged. Despite this extensive process, the SEC has not made any progress in demonstrating its case. Terraform has requested Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to dismiss the SEC's case and avoid proceeding to trial.

CoinShares recently reported significant inflows, although they noted that these inflows were only the 21st largest weekly gain over the past three years. This suggests that investors may still be exercising caution when it comes to deploying capital.

Rise In, a leading education platform that onboards Web 2.0 developers into Web 3.0, has further expanded its talent community with the acquisition of US-based BlockBeam. BlockBeam is one of the first and largest Web 3.0-focused ed-tech companies in the US, with partnerships with over 90 university blockchain clubs. Rise In's mission is to become the go-to place for anyone interested in learning and building Web 3.0. They provide free Web 3.0 education in partnership with major blockchain ecosystems. The acquisition of BlockBeam will allow Rise In and its partners to access top colleges and universities in the world and train the next generation of Web 3.0 developers in the US.

Bitget, the world’s largest crypto copy trading platform, is excited to announce the initial listing of Memecoin (MEMECOIN) on its platform.

A commissioner from the U.S. Securities and Exchange Commission (SEC) has released a statement dissenting against the agency’s enforcement action against the blockchain-based file-sharing payment network LBRY. In a lengthy statement, SEC Commissioner Hester Peirce expresses her puzzlement regarding the SEC's decision to bring a case against LBRY, as there was little evidence of fraud. She questions why the SEC targeted LBRY, which she believes had a legitimate real-world application, instead of pursuing other digital asset projects engaged in illegal activities.