The new token follows a three-month points program that enticed traders, borrowers, lenders—and, of course, airdrop farmers—into Drift, one of the largest venues for trading perpetuals in Solana DeFi. But contributors to the protocol said most of the 100 million tokens earmarked for this airdrop will go to longtime Drift users. Source
“Bitcoin remains a viable doomsday asset in 2024, as its correlation to Gold recently increased, and investors continue to diversify away from traditional financial assets,” Edouard Hindi, the chief investment officer at Tyr Capital, said in an email to CoinDesk. Original
PRESS RELEASE. The Etherland Tecra Space campaign has officially gone live, giving participants the opportunity to stake their claim in a real-world assets (RWA) blockchain project that approaches on-chain real estate with a unique angle. This campaign aims to accelerate the development of innovative RWA solutions powered by blockchain technology for the real estate industry. […] Source CryptoX Portal
The Open League program, announced on April 1, is bringing users on-chain in “unprecedented numbers,” TON Foundation’s Justin Hyun said. Source
Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of the crypto world, have begun to flex their muscles, showcasing strategic maneuvers that have captured the attention and speculation of the crypto community. Strategic Accumulation Amidst Turbulence As Ethereum’s price plummeted, Ethereum whales wasted no…
The round was led by Brevan Howard Digital and Electric Capital, with investments from Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR, the company said in a press release. Source
BlackRock’s Bitcoin ETF was the only spot Bitcoin fund in the United States to record inflows on Monday, setting it apart from other ETFs that reported no inflows or experienced outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, albeit a decrease from the $111.1 million observed the previous day. This contrasted sharply with the other eight ETFs, which, aside from Grayscale’s offering, reported no inflows during the same period. The inflows into IBIT were unable to counterbalance…
In the coming months, spot bitcoin ETFs will be added to multiple registered investment advisor (RIA) platforms and large broker/dealer wirehouses, and with this added distribution, “investment advisors that could more or less ignore bitcoin will now be forced to at least have an opinion” on the cryptocurrency, the report said. Original
The Nigerian government’s crackdown on cryptocurrency exchanges, including its targeting of Binance, has prompted some cryptocurrency firms to reconsider plans to either enter or further invest in the West African nation. A founder of a cryptocurrency exchange stated that the crackdown on Binance raises questions about the fundamental rule of law necessary for any society […] Source CryptoX Portal
Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the $66,000 price territory on April 15, with the global crypto market cap surging to $2.384 trillion. BTC price – April 16 | Source: Trading View However, following the $66,867 high yesterday, BTC…