CoinspeakerLitecoin (LTC) Whales Boost Exchange Inflows amid Price Decline In the past week, there has been a notable increase in the movement of Litecoin (LTC) coins held by large investors to cryptocurrency exchanges. This uptick coincides with LTC’s declining value. The cryptocurrency is currently trading at a 15% loss over the past seven days. Large holders seem to be taking action to mitigate potential further losses amid these market conditions. Rising Selling Pressure from LTC Whales On-chain data indicates a sharp rise of over 464% in large holders’ netflow to…
Category: CryptoX News
Up Network Unveils ‘Up Mobile’: A Web3 Smartphone Built on Facebook’s Move
Up Network has unveiled ‘Up Mobile,’ a smartphone that integrates artificial intelligence and blockchain technology. The device is built on Facebook’s Move programming language and aims to enhance user security and privacy. The blockchain technology is provided by Movement Labs, and the device includes EVM and Movevm. Co-Founder Roy Liu, known for integrating TRON into […] Source CryptoX Portal
Study: Gen Z Prefers Digital Assets in Uncertain Times; Gold Remains Popular
While investors generally prefer physical assets to digital ones, the findings of a new study indicate an overwhelming majority of Gen Zers are “more likely than other generations” to trust digital assets in uncertain times. The survey also found that 89% of gold investors consider it a long-term investment with nearly half of the respondents […] Source CryptoX Portal
Standard Chartered’s Zodia Markets in Talks to Acquire Alan Howard-Backed Crypto Firm
Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be completed this month, will provide Zodia Markets with licenses as a virtual asset service provider and investment business in Jersey. This move aligns […] Source CryptoX Portal
Spot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday
CoinspeakerSpot Bitcoin ETFs See 3rd Consecutive Days of Inflow Streak, Reaching $216M Yesterday The US spot Bitcoin exchange-traded funds (ETFs) market is attracting renewed interest from institutional investors. On July 9, 2024, the market recorded a substantial $216.33 million in net inflows, marking the third straight day of positive inflows amid the potential shift in investor sentiment. According to data from SoSo Value, BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with an impressive $121.03 million. Fidelity Digital Assets’ Wise Origin Bitcoin Fund (FBTC) followed closely, drawing $90.95 million in…
BlackRock’s IBIT ETF holds $18b in BTC amid continuous inflows
BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $18 billion in Bitcoin (BTC) as inflows continue into the ETFs. According to data provided by Farside Investors, spot BTC ETFs saw $216.4 million in inflows on Tuesday, recording their third day of consecutive inflows. The total amount of inflows currently stands at $15.2 billion. Data shows that the IBIT ETF saw $121 million in inflows on July 9 — helping the investment product surpass a total market cap of $18.04 billion. Interestingly, BlackRock’s spot BTC ETF witnessed only one day of…
Singapore Exchange CEO Discusses Future of Crypto Listings
Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means governance, that really means structure.” Despite global trends and institutional pressure, Loh asserts that current conditions are […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Telegram CEO Pavel Durov Predicts Hamster Kombat Will Attract Millions to Blockchain
Pavel Durov, CEO of Telegram, one of the most popular messaging applications, has remarked on the relevance that Hamster Kombat, a tap-to-earn game where players role-play as a hamster who is the CEO of a crypto exchange, will have in bringing blockchain to millions. 239 million have signed to be part of the game, according […] Source CryptoX Portal
China Halts Gold Buying for Second Consecutive Month
China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022 and contributed to record-high gold prices. PBOC Pauses Gold Accumulation After 18-Month […] Source CryptoX Portal
Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million
The High Court of Singapore has awarded Fantom Foundation Ltd. damages totaling $2.19 million in a case against Multichain Foundation Ltd. and Multichain Pte Ltd. This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value. Singapore Court Rules in Multichain Case Fantom Foundation Ltd. (the […] Source CryptoX Portal