Bitcoin ETF inflows hit $16 billion: will Ethereum follow?

Spot Bitcoin (BTC) ETFs are doing well as their inflows accelerate, helped by institutional and retail investors. Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion. Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and…

Satoshi Protocol raises $2m to expand liquidity for Bitcoin holders

Satoshi Protocol, a stablecoin protocol backed by Bitcoin (BTC), has successfully raised $2 million in its seed funding round led by CMS Holdings and RockTree Capital. The protocol, which enables Bitcoin holders to use their coins as collateral to mint the native SAT stablecoin, plans to use the funds to enhance network security and expand its integration across Layer-2 solutions, aiming for further traction within the ecosystem. Satoshi Protocol currently integrates with several Bitcoin protocols, including Bitlayer, BEVM, Omni Network, and Core Chain. The protocol recently collaborated with Binance’s Web3…

Solana’s Popcat Nears $1 Billion Market Cap After Hitting ATH

Popcat has emerged from the convergence of internet memes and cryptocurrency. The meme coin depicts a playful feline, and it serves as inspiration for this digital asset, which has captured the attention of investors and crypto enthusiasts as it tallies a new milestone. Related Reading Popcat Scales The Crypto Food Chain Popcat has been showing a big deal of resilience since it made a foray into the memecoin space in 2020. Fast forward four years, the token tallied an incredible 180% growth in value in 30 days. The coin achieved…

Loka announces new Bitcoin mining pool for renewable energy miners

Loka, a decentralized Bitcoin mining pool, has partnered with Hashlabs to offer Bitcoin miners access to immediate liquidity via a new protocol. The partnership with Hashlabs, a sustainable energy mining provider with operations in Ethiopia, Finland and Kazakhstan, enables Loka to launch a permissionless protocol through which miners can sell future mining rewards. Eyeing the $10 billion BTC mining market Bitcoin mining is currently a $10 billion industry, and Loka aims to gain traction through a DeFi model that relies on renewable energy-powered sources to mitigate financial risks related to…