US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5.
According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT).
Spot Ether ETFs recorded $715.3…
https://cryptoinsight.ae/us-bitcoin-ethereum-etfs-hit-6b-volume-amid-market-rout/
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The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5.
According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT).
Spot Ether ETFs recorded $715.3…
https://cryptoinsight.ae/us-bitcoin-ethereum-etfs-hit-6b-volume-amid-market-rout/
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Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
According to public disclosures filed on Aug. 5, Capula Management, Europe’s fourth-largest hedge fund, invested nearly $500 million in Bitcoin exchange-traded funds.
The hedge fund, which is based in the United Kingdom and manages upward of $30 billion in investor assets, holds shares in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust…
https://cryptoinsight.ae/europes-fourth-largest-hedge-fund-put-nearly-500m-in-bitcoin-etfs-filing/
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According to public disclosures filed on Aug. 5, Capula Management, Europe’s fourth-largest hedge fund, invested nearly $500 million in Bitcoin exchange-traded funds.
The hedge fund, which is based in the United Kingdom and manages upward of $30 billion in investor assets, holds shares in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust…
https://cryptoinsight.ae/europes-fourth-largest-hedge-fund-put-nearly-500m-in-bitcoin-etfs-filing/
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Jump Trading’s Ether dump: Smart move or sign of trouble?
Jump Trading’s recent transfer of hundreds of millions of dollars worth of Ether has stirred debates and market speculations.
This aggressive unloading of assets preceded a historic stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points — its largest-ever drop in point terms.
Jump Trading moved…
https://cryptoinsight.ae/jump-tradings-ether-dump-smart-move-or-sign-of-trouble/
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Jump Trading’s recent transfer of hundreds of millions of dollars worth of Ether has stirred debates and market speculations.
This aggressive unloading of assets preceded a historic stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points — its largest-ever drop in point terms.
Jump Trading moved…
https://cryptoinsight.ae/jump-tradings-ether-dump-smart-move-or-sign-of-trouble/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $56,813.31 (1.6%)
Ethereum ~ $2,503.12 (-0.8%)
Solana ~ $153.28 (7.6%)
Polkadot ~ $4.57 (3.0%)
Flow ~ $0.5276 (-0.6%)
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Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $56,813.31 (1.6%)
Ethereum ~ $2,503.12 (-0.8%)
Solana ~ $153.28 (7.6%)
Polkadot ~ $4.57 (3.0%)
Flow ~ $0.5276 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
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Vitalik Buterin unveils plan to solve cross-chain L2 interoperability
Ethereum co-founder Vitalik Buterin has just shared his vision for cross-chain interoperability between Ethereum layer-2 networks, which could vastly smoothen the experience within the Ethereum ecosystem.
In an Aug. 6 X post, Buterin responded to a question on the most promising paths to addressing cross-layer-2 interoperability.
The question followed Buterin’s Aug. 5 post stating, “I…
https://cryptoinsight.ae/vitalik-buterin-unveils-plan-to-solve-cross-chain-l2-interoperability/
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Ethereum co-founder Vitalik Buterin has just shared his vision for cross-chain interoperability between Ethereum layer-2 networks, which could vastly smoothen the experience within the Ethereum ecosystem.
In an Aug. 6 X post, Buterin responded to a question on the most promising paths to addressing cross-layer-2 interoperability.
The question followed Buterin’s Aug. 5 post stating, “I…
https://cryptoinsight.ae/vitalik-buterin-unveils-plan-to-solve-cross-chain-l2-interoperability/
Website | Twitter | LinkedIn | Telegram
Euro stablecoin market surges under MiCA
The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is gradually coming into effect in line with its planned implementation timeline. The initial set of regulations, which took effect on July 1, focused on stablecoins and their issuers.
These clear guidelines have both cleaned out the market of players not able to meet regulatory requirements…
https://cryptoinsight.ae/euro-stablecoin-market-surges-under-mica/
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The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is gradually coming into effect in line with its planned implementation timeline. The initial set of regulations, which took effect on July 1, focused on stablecoins and their issuers.
These clear guidelines have both cleaned out the market of players not able to meet regulatory requirements…
https://cryptoinsight.ae/euro-stablecoin-market-surges-under-mica/
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Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics on the X social media platform.
The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and…
https://cryptoinsight.ae/nearly-every-token-binance-listed-in-2024-is-now-bleeding-red-coin98/
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Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics on the X social media platform.
The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and…
https://cryptoinsight.ae/nearly-every-token-binance-listed-in-2024-is-now-bleeding-red-coin98/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $57,139.37 (0.4%)
Ethereum ~ $2,434.57 (-2.8%)
Solana ~ $153.70 (0.3%)
Polkadot ~ $4.76 (4.1%)
Flow ~ $0.5338 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $57,139.37 (0.4%)
Ethereum ~ $2,434.57 (-2.8%)
Solana ~ $153.70 (0.3%)
Polkadot ~ $4.76 (4.1%)
Flow ~ $0.5338 (1.0%)
Follow and subscribe - @GulfCryptoInsight
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Ethena Labs launches Solana version of USDe stablecoin
Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito.…
https://cryptoinsight.ae/ethena-labs-launches-solana-version-of-usde-stablecoin/
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Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito.…
https://cryptoinsight.ae/ethena-labs-launches-solana-version-of-usde-stablecoin/
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Tornado Cash sanctions effective, reveal Ethereum weakness: NY Fed
The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded.
The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…
https://cryptoinsight.ae/tornado-cash-sanctions-effective-reveal-ethereum-weakness-ny-fed/
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The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded.
The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…
https://cryptoinsight.ae/tornado-cash-sanctions-effective-reveal-ethereum-weakness-ny-fed/
Website | Twitter | LinkedIn | Telegram
Why crypto stakeholders see bright future for prediction markets in Africa
Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa.
Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…
https://cryptoinsight.ae/why-crypto-stakeholders-see-bright-future-for-prediction-markets-in-africa/
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Decentralized prediction markets are gaining recognition as an innovative aspect of the broader cryptocurrency and blockchain ecosystem, but their adoption remains limited in many regions, including Africa.
Despite this, there is a growing sentiment among crypto stakeholders that Africa holds significant potential for the success of these markets, with a rapidly expanding cryptocurrency market, increasing…
https://cryptoinsight.ae/why-crypto-stakeholders-see-bright-future-for-prediction-markets-in-africa/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 6.3% change in the last 24 hours
Bitcoin ~ $60,900.99 (6.7%)
Ethereum ~ $2,686.89 (10.5%)
Solana ~ $157.16 (2.2%)
Polkadot ~ $4.80 (0.8%)
Flow ~ $0.5549 (3.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 6.3% change in the last 24 hours
Bitcoin ~ $60,900.99 (6.7%)
Ethereum ~ $2,686.89 (10.5%)
Solana ~ $157.16 (2.2%)
Polkadot ~ $4.80 (0.8%)
Flow ~ $0.5549 (3.9%)
Follow and subscribe - @GulfCryptoInsight
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‘Dark Skippy’ method can steal Bitcoin hardware wallet keys
Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.”
The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…
https://cryptoinsight.ae/dark-skippy-method-can-steal-bitcoin-hardware-wallet-keys/
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Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.”
The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…
https://cryptoinsight.ae/dark-skippy-method-can-steal-bitcoin-hardware-wallet-keys/
Website | Twitter | LinkedIn | Telegram
Miner profitability falls to record lows — Blocksbridge
Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower.
The report also noted that despite the price…
https://cryptoinsight.ae/miner-profitability-falls-to-record-lows-blocksbridge/
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Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower.
The report also noted that despite the price…
https://cryptoinsight.ae/miner-profitability-falls-to-record-lows-blocksbridge/
Website | Twitter | LinkedIn | Telegram
Russia legalizes Bitcoin and cryptocurrency mining
Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade.
The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…
https://cryptoinsight.ae/russia-legalizes-bitcoin-and-cryptocurrency-mining/
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Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade.
The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…
https://cryptoinsight.ae/russia-legalizes-bitcoin-and-cryptocurrency-mining/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.21 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $60,414.00 (-0.9%)
Ethereum ~ $2,610.37 (-2.6%)
Solana ~ $154.27 (-1.3%)
Polkadot ~ $4.74 (-1.3%)
Flow ~ $0.5541 (0.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.21 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $60,414.00 (-0.9%)
Ethereum ~ $2,610.37 (-2.6%)
Solana ~ $154.27 (-1.3%)
Polkadot ~ $4.74 (-1.3%)
Flow ~ $0.5541 (0.0%)
Follow and subscribe - @GulfCryptoInsight
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OKX cracks down on Tornado Cash users with account terminations
In an announcement aimed at reinforcing financial integrity and improving compliance measures with international sanctions, OKX CEO Star Xu declared that any accounts on the OKX exchange found to be interacting with Tornado Cash would be terminated.
The announcement comes in response to escalating concerns about Tornado Cash, a decentralized mixing service that enables users…
https://cryptoinsight.ae/okx-cracks-down-on-tornado-cash-users-with-account-terminations/
Website | Twitter | LinkedIn | Telegram
In an announcement aimed at reinforcing financial integrity and improving compliance measures with international sanctions, OKX CEO Star Xu declared that any accounts on the OKX exchange found to be interacting with Tornado Cash would be terminated.
The announcement comes in response to escalating concerns about Tornado Cash, a decentralized mixing service that enables users…
https://cryptoinsight.ae/okx-cracks-down-on-tornado-cash-users-with-account-terminations/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin backs proposed ERC-7683 for cross-chain trade standards
Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.
The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.
The proposal has been made publicly available…
https://cryptoinsight.ae/vitalik-buterin-backs-proposed-erc-7683-for-cross-chain-trade-standards/
Website | Twitter | LinkedIn | Telegram
Uniswap Labs and Across Protocol have collaborated to introduce ERC-7683, a proposed standard for cross-chain trade execution.
The initiative, highlighted in a recent X post by Uniswap Labs, introduces the new standard’s aim to create a unified framework for cross-chain intents and to improve interoperability between decentralized networks.
The proposal has been made publicly available…
https://cryptoinsight.ae/vitalik-buterin-backs-proposed-erc-7683-for-cross-chain-trade-standards/
Website | Twitter | LinkedIn | Telegram
VC firms are slowing down crypto investments for a ‘nuanced reason’ — Venture Capitalist
The cryptocurrency industry is rare in that the strong returns from Bitcoin and Ethereum allow venture capitalists to avoid the early-stage risks they must make in other industries, according to a venture capitalist.
“VCs have slowed investing in crypto by a lot, and it’s a bit of a nuanced reason,” Adam Cochran, partner at venture…
https://cryptoinsight.ae/vc-firms-are-slowing-down-crypto-investments-for-a-nuanced-reason-venture-capitalist/
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The cryptocurrency industry is rare in that the strong returns from Bitcoin and Ethereum allow venture capitalists to avoid the early-stage risks they must make in other industries, according to a venture capitalist.
“VCs have slowed investing in crypto by a lot, and it’s a bit of a nuanced reason,” Adam Cochran, partner at venture…
https://cryptoinsight.ae/vc-firms-are-slowing-down-crypto-investments-for-a-nuanced-reason-venture-capitalist/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $61,065.24 (1.1%)
Ethereum ~ $2,655.23 (1.7%)
Solana ~ $155.43 (0.7%)
Polkadot ~ $4.76 (0.4%)
Flow ~ $0.5591 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 1.4% change in the last 24 hours
Bitcoin ~ $61,065.24 (1.1%)
Ethereum ~ $2,655.23 (1.7%)
Solana ~ $155.43 (0.7%)
Polkadot ~ $4.76 (0.4%)
Flow ~ $0.5591 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram