A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said. Source
VanEck's Bitcoin ETF Records 2,200% Volume Surge in a Day
Category: ICO
Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report
The Winklevoss twins, who are co-founders of crypto exchange Gemini and heavyweight bitcoin (BTC) investors, were initial investors in Fairshake, revealed in the first announcement on Dec. 18, 2023. The Winklevoss’ join a list of high-profile crypto investors backing the Super PAC, such as Andreessen Horowitz (a16z), ARK Invest, as well as crypto companies like Circle, Ripple, Coinbase (COIN) and more. Source
Starknet’s STRK Drops 53% Amid Token Issuance Criticism
A large part, 50.1% of STRK’s supply, has been allocated to the Starknet Foundation for community airdrops, grants and donations. 24.68% of STRK’s total supply will be distributed to early contributors and investors, while 32% has been assigned to developer StarkWare’s (its developer) employees, consultants and developer partners. Source
USDC Stablecoin’s Issuer Circle Dumps Tron Network; TRX Steady
Circle cited its risk management framework as part of the decision. “This action aligns with our efforts to ensure that USDC remains trusted, transparent and safe – characteristics that make it the leading regulated digital dollar on the internet,” it stated. Source
Bitcoin ETF Trading Spikes to Busiest Session Since January Debut
Bloomberg exchange-traded funds analyst Eric Balchunas noted a particular uptick in volume for HODL and BTCW. Source
How to Make (or Lose) Hundreds of Dollars Betting Crypto on Your Fitness Goals
“If I don’t walk another 4,400 steps I’ll lose $333.” With a new app called Moonwalk, you get daily lessons in economics – and maybe healthier, too. Source
Bitcoin (BTC) is the Exit Strategy: MicroStrategy’s (MSTR) Michael Saylor
Bitcoin’s value, currently just over a trillion dollars, is competing with asset classes such as gold, real estate or even the S&P index – all of which have market capitalizations many multiples higher than bitcoin, said Saylor. And bitcoin, argued Saylor, is superior to all of them. Source
Avalanche (AVAX) Price Underperforms Ahead of $365M Supply Event
AVAX dipped more than 3% over the past week, while most cryptocurrencies – 148 of the 173 constituents of the broad-market CoinDesk Market Index (CMI) – gained in price. The CoinDesk20 Index (CD20), which tracks the performance of the largest and most liquid crypto assets, advanced 6% during the same period. At press time, AVAX changed hands at $38, some 23% lower than its December high. Source
The Crypto Vibe Shift
Increasingly governments, including in the U.S., appear to want to work with the industry to develop policies that protect consumers without hampering the development of crypto. The European Union passed the significant MiCA ruleset while the U.K., Hong Kong, Nigeria, and others are all vying to become crypto “hubs.” Source
Liquid Restaking Protocol Puffer Rakes in $1B in Deposits in Just 3 Weeks
Liquid restaking protocols are seeing ample demand from users as speculation mounts over potential applications for the Ethereum restaking juggernaut EigenLayer, and the prospects for rewards paid out to early users. Source