Coinshares’ asset management report showed that net inflows into global crypto funds reached a record $44.2 billion in 2024. Crypto Funds Shatter Record for Yearly Net Inflows Digital crypto investment products recorded a staggering $44.2 billion in net inflows in 2024. According to the latest Coinshares analysis by head of research, James Butterfill, the record […] Source CryptoX Portal
PRESS RELEASE. Seraph Foundation has unveiled its SERAPH tokenomics, marking a significant step in advancing decentralized ecosystems and Web3 infrastructure development. Designed to bridge Web2 and Web3 gaming communities, Seraph—the next-generation AAA blockchain-powered action RPG (ARPG) developed by Seraph Studio—integrates blockchain technology and AI-driven systems to deliver an immersive, interactive, and rewarding gaming experience. With […] Source CryptoX Portal
Riot Platforms, Inc. shared its December 2024 production update. The company mined 516 Bitcoin in December, a 4% increase from November. Riot Platforms achieved a 4% monthly production increase and completed the first phase of its Corsicana Facility while holding over 17,700 Bitcoin by year-end. The full hash rate activation remains ongoing, with a careful commissioning process to ensure power grid stability, according to a Riot release. In 2024, Riot expanded its deployed hash rate by 155%, surpassing the network hash rate growth of 52%. Riot Announces December 2024 Production…
Donald Trump will soon return to the White House, raising the question of whether he will pardon the Jan. 6 rioters whom he has spent months defending. Calling Jan, 6 a “Day of Love” and labeling rioters “hostages” and “political prisoners,” Trump has likened his supporters to revolutionaries who were simply fighting for fair elections and to restore American democracy. Spinning this narrative has allowed Trump to successfully weave the idea that he and the 1,563 indicted Jan. 6 rioters are martyrs, persecuted by President Joe Biden’s Administration. This rhetorical…
Stellar Lumens price continued rising on Monday, as Bitcoin crossed the resistance at $101,000 and as the crypto fear and greed index moved to the greed zone. Stellar (XLM) rose to $0.4630, gaining nearly 50% from its December low, as previously predicted. The rally happened as most cryptocurrencies bounced back. Bitcoin (BTC) recovered from last month’s low of $92,000 to $101,500, while tokens like Injective, SPX6900, Worldcoin, and Render surged by over 10%. Stellar’s gains were also influenced by Ripple’s (XRP) bullish momentumRipple recently formed a bullish pennant pattern, signaling…
Yat Siu has seen a lot in his decade of investing in crypto as a venture capitalist. The Hong Kong-based venture studio and game developer Siu co-founded, Animoca Brands, has grown to be one of the most powerful names in Web3 culture, with data provider CoinGecko pegging the market cap of tokens issued by Animoca’s portfolio companies at more than $45 billion. But the crypto winter of 2022-23 proved to be a tough test for Animoca, with many of the tokens from its companies down nearly 90%. At the depths…
Ripple’s XRP is currently trading at $2.43, boasting a market capitalization of $136 billion, a 24-hour trading volume of $3.8 billion, and an intraday fluctuation between $2.36 and $2.46. XRP On the daily chart, XRP continues to exhibit a bullish resurgence following its extended phase of lateral consolidation. Resistance at $2.50 remains a critical level, […] Source CryptoX Portal
Ending the year on a high note, December’s sales of non-fungible tokens climbed to $877 million, making it the second-best month in 2024. Blockchain-based digital collectibles had a strong December, with $877 million in sales, making it the second-best month of 2024. This boost wrapped up a wild year for the NFT market, which saw a sharp recovery in the last quarter. CryptoSlam data shows that NFT sales for 2024 finished at $8.83 billion, surpassing 2023 by over $100 million. While the 1.1% growth might not seem huge, it highlights…
By Omkar Godbole (All times ET unless indicated otherwise) The overture to 2025 has a familiar tune. It’s not just the numbers: Bitcoin’s 8% recovery from late December, but the news flow is equally recognizable. Perhaps the most important note comes from JPMorgan, which says the market forces that drove bitcoin and gold to records last year are still around. “The debasement trade is here to stay, with both gold and Bitcoin becoming increasingly important components of investors’ portfolios,” the investment bank wrote. The debasement trade is a strategy where…
MARA Holdings (MARA), the largest bitcoin (BTC) miner by market capitalization, said it is lending 7,377 BTC to third parties to generate a return on its holdings and cover some operating costs. In a production report released Friday, MARA did not identify the borrowers nor reveal other details regarding the program, which ties up about 16% of its bitcoin. Robert Samuels, the company’s vice president of investor relations, said in a post on X that it is earning a yield of less than 10%. “There has been significant interest in…