Day: March 26, 2024

Whales Accumulating Hot Real World Asset-Focused Altcoin From Crypto Exchanges: Lookonchain

boss

Whales are gobbling up a red-hot crypto project that’s focused on tokenizing real-world assets (RWAs). The crypto tracker Lookonchain notes that one whale withdrew 6.53 million ONDO, the native token of Ondo Finance, from the crypto exchange Bybit over the past month. That trove is worth more than $6 million. Ondo Finance aims to provide institutional-grade financial products and services via a public blockchain by tokenizing RWAs and developing financial protocols that integrate those tokens. Lookonchain also notes that a different whale withdrew 1.98 million ONDO worth nearly $1.83 million…

Portugal Demands Halt To Biometric Data Collection

boss

In a recent development, Portugal’s data regulator, the National Commission for the Protection of Data, also known as the CNPD, has issued an order to stop Sam Altman’s iris scanning project, Worldcoin, from collecting biometric data for 90 days.  Worldcoin’s Compliance Under Fire According to a Reuters report, the CNPD’s suspension specifically targets the Worldcoin Foundation, a memberless entity based in the Cayman Islands, described on its website as the sole member and director of World Assets Ltd, a company registered in the British Virgin Islands responsible for issuing Worldcoin…

Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token

boss

Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao, a decentralized autonomous organization (DAO) committed to integrating bitcoin (BTC) into defi, has announced the launch […] Original

Ethereum ETF has no positive signs

Bloomberg Senior ETF Analyst Eric Balchunas was cautious about the likelihood of spot Ethereum ETF approval, estimating the chances at a pessimistic 25%. “The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look,” Balchunas said on X, pointing out the SEC’s apparent strategic non-engagement. Re Eth ETF approval, we are holding the line at 25% odds altho tbh it is a very pessimistic 25%. The lack of engagement seems to be purposeful vs procrastination. No positive signs/intel anywhere you look. Personally hope they do…

Bitcoin Held On Coinbase Exchange Reach 9-Year Low, Can Bitcoin Reach $75,000?

boss

In a recent development, data from crypto analytics firm Glassnode shows that the amount of Bitcoin held on Coinbase has reached a 9-year low. This has raised the possibility of the flagship crypto rising to a new all-time high (ATH) of $75,000 soon enough.  BTC Held On Coinbase Drops Significantly  According to Glassnode, the Bitcoin balance on Coinbase dropped to a nine-year low of 344,856 on March 18. This suggests that Bitcoin investors are choosing to move their holdings off exchanges and hold for the long term rather than sell…

Galaxy Digital’s (GLXY) Strong Earnings Will Carry Into Current Quarter, Analyst Says

Digital asset financial services firm Galaxy Digital’s (GLXY) results showed significant sequential growth across its three operating units, driven by improved crypto market conditions in anticipation of the approval of spot bitcoin (BTC) exchange-traded funds (ETFs), a Stifel Canada analyst said in a research report on Tuesday. “As a result, strong performance has followed into the current quarter as spot prices, volumes and volatility remain elevated in Q1/24, while the ETF launch approvals help open the door to new pools of capital,” wrote analyst Bill Papanastasiou. Stifel has a buy…

Beba and Defi Education Fund Sue the SEC Over Its Airdrop Policies

Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally, the plaintiffs seek to clarify that a token airdropped to its users does […] Source CryptoX Portal

Bitcoin Sentiment Returns To Extreme Greed As BTC Breaks $71,000

boss

Data shows the Bitcoin market sentiment has returned to the extreme greed territory as BTC has registered its rally beyond the $71,000 level. Bitcoin Fear & Greed Index Now Points To “Extreme Greed” The “Fear & Greed Index” is an indicator made by Alternative that tells us about the general sentiment among the investors in the Bitcoin and wider cryptocurrency market. This index represents the sentiment as a score between zero and hundred. To calculate this value, the indicator takes into account the data of these factors: volatility, trading volume,…

Marsh Introduces $825M Crypto Custody Cover

Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC), where cryptographic keys are split into shards, Marsh said. Source