The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn’t likely to become a law as-is. Source
The approval and beginning of trading of the spot bitcoin ETFs in January, which became the most successful launch in the history of exchange-traded products in terms of the speed of money rushing into them, pushed the price of the largest cryptocurrency up to new all-time highs after surging more than 58% within just two months. Source
Wintermute, a major market maker, sees ether ETFs collecting $4 billion, at most, of inflows from investors over the next year. That’s below the $4.5 billion to $6.5 billion expected by most analysts – and that latter number is already roughly 62% less than the $17 billion that bitcoin ETFs have so far collected since they began trading in the U.S. six months ago. Source
It was kind of fair, though. You got access to a platform that costs money to run; in return, you provide some data about yourself. They use this data to sell you relevant ads, ad companies reach the right audience, and everyone wins. As time passed, data collection became more advanced and intrusive, profits increased, while your side of the deal stayed the same. This model was so profitable that it ended up being implemented everywhere — from social media and online newspapers, to TVs that run ads in their…
Ethena’s token generates yield from perpetual futures’ funding rates and passes on the income to those who lock-up or stake, the token. Meanwhile, Superstate sells futures with certain maturity dates providing a more predictable return, and distributes the yield to all token holders, Leshner said. USCC also targets qualified, whitelisted investors to comply with U.S. securities laws and operates as a series of a Delaware Trust, a bankruptcy-remote entity from Superstate, he added. Source
Polymarket Trading Explodes as 2024 Election Enters Uncharted Territory Source
AVAX led the CoinDesk 20 with a 14.5% increase in over the weekend trading, while SOL climbed 6.0% Source
Round brings total raise to $21 million and includes participation from Makers Fund, Hashed, amongst others. Source
Bitdeer shares have more than doubled in the last two months, the report noted, as the company has been recognized as one of the bitcoin miners with “ample existing and planned power capacity” that could be used for mining crypto or for powering AI and HPC projects. Source
“The Solana ecosystem is showing robust growth, evidenced by increased DEX activity, rising daily active users, and growing fee accrual to the network,” shared Pat Doyle, a blockchain researcher at Amberdata. “These strong fundamentals, coupled with the positive market sentiment, are pushing SOL forward.” Source