To find where you stand on the spectrum, ask yourself whether Bitcoin is just and only “savings technology,” a hard money solution to ever-inflating fiat currency? Or, is it also a platform to build fun or useful applications? For years, Bitcoin culture had been dominated by the former, in part because there wasn’t much you could do with Bitcoin. Source
According to court documents filed in New York on Jan. 29, Attestor, through a wholly-owned subsidiary called Svalbard Holdings Limited, made an agreement with a Panamanian company, Lemma Technologies, to purchase the accounts – worth a combined $166 million at the time of FTX’s collapse – in June 2023, after placing the highest bid at an auction organized by Lemma Technologies in May 2023. Source
The No. 1 fund based on 2024 inflows is Vanguard’s S&P 500 ETF (VOO), which has attracted over $24 billion from investors. IBIT is in third place with $12.5 billion, behind the iShares Core S&P 500 ETF (IVV), which has seen just over $15 billion of inflows this year. Source
“I would say, broadly, it’s a lot of retail,” said Kyle DaCruz, director of digital assets products at VanEck. But there’s a lack of transparency into who invests in ETFs in the early days of launch as many of the trades are executed by authorized participants, market makers and brokers, who all invest on behalf of an entity, he added. Source
SLERF’s launch came on the back of an ongoing narrative that has seen developers raising millions of dollars, usually in SOL tokens, on the promise of a meme coin airdrop. Some on-chain watchers estimate that over $100 million worth of tokens were sent to such presales over the weekend. The frenzy contributed toward the SOL price crossing $200 for the first time since November 2021. Source
Solana was built as an alternative to, at the time, a very expensive Ethereum network, which got many excited for the project. However, two and a half years of upgrades to Ethereum, culminating in the recent Dencun software update, have narrowed the gap in costs. Source
WIF pieces have surged in the past hour as X users found out the trader user now holds the original image. Source
Raising millions of dollars appears not to require a working product, a white paper, a long-term plan or even a meme picture in some parts of the crypto market. These days, a simple post on X announcing a so-called presale can attract millions of dollars in Solana’s SOL token. Source
At the time of writing, ETHFI is trading at $3.60 on Binance and recorded a trading volume of over $118 million in the first 45 minutes of trading. The token had a fully diluted value (FDV), the market value of a token if the entire supply ends up in circulation, of $3.6 billion. Source
Family offices and endowment funds will also increase their investment in bitcoin ETFs in the near term, the report said, citing Teng. Teng was speaking at an event in Bangkok on Sunday and also said the rally won’t be a “straight line,” and the ups and downs will be good for the market, the report said. Source