Day: April 4, 2024

Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton

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VanEck Eyes $1 Trillion Market Cap As ETH Stalls

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Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to soar to the aforementioned market valuation by 2030. Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew Sigel, the head of digital research. Specifically, the bold forecast…

Green Bitcoin debuts on Uniswap with future CEX listings in sight

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After raising $9.6 million through its ICO, Green Bitcoin is set to debut on Uniswap DEX today at 1 PM UTC, with a CEX listing on the horizon. After raising $9.6 million through its ICO, Green Bitcoin will launch on Uniswap at 1 pm (UTC) on Thursday, 4 April 2024. The event will take place after a successful presale that raised $9.6 million in one month. Shortly after, the…

Binance Ceases Support for Bitcoin (BTC) NFTs in ‘Streamlining’ Process

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Ripple Prepares To Shake Up $150B Market With Imminent Launch Of New Stablecoin

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In a notable development, blockchain developer Ripple Labs recently announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD).  Ripple Enters Booming Stablecoin Market According to the company’s announcement on Thursday, the stablecoin’s reserves will consist of US dollar deposits, short-term US Treasury bills, and other undisclosed cash equivalents. All of these will be audited by a third-party accounting firm. Ripple plans to publish monthly certifications to ensure transparency. With the stablecoin market currently valued at around $150 billion, Ripple’s entry is significant. The market is…

Binance Coin Under Pressure With Negative Funding Rates

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The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals. Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders. A negative funding rate suggests that more traders are holding short positions, anticipating a decline in the price of the asset. This sentiment was confirmed on April 1st, when BNB’s funding rate dipped into negative territory at -0.012%. Binance Coin Funding Rate And Open…

Spot Bitcoin ETF capital inflows hit $113m in one day

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On April 3, net daily capital inflows in the spot Bitcoin ETF sector reached over $113 million. According to SoSo Value, capital inflows have picked up significantly after falling into the red zone. The leader in the influx of funds is Fidelity’s spot Bitcoin ETF (FBTC), which ended at $116.6 million. Following Fidelity’s offering is iShares Bitcoin Trust (IBIT), which logged $42 million. Source: SoSo Value Capital outflows from the Grayscale Bitcoin Trust ETF (GBTC) reached $75.1 million, a new low from the end of February. On April 2, net…