“Our hope is that the combined effect of these allows us to create a product where we have the benefit of being in crypto, participating in the growth of the asset class, as well as minimizing volatility through better liquidity and offering steady, stable returns,” Platts said in an interview. Source
Spot ether ETFs in the U.S. could see net inflows of $5 billion in the first six months, according to crypto exchange Gemini. The flows, when combined with the current Grayscale Ethereum Trust (ETHE) assets under management give a total AUM for spot ETH ETFs in the U.S. of $13 billion-$15 billion in the first six months, the report said. Gemini noted that ether’s market value relative to bitcoin remains close to multiyear lows, and the inflows could improve ether’s relative standing. “Given the AUM comparable in international ETF markets,…
Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale…
Weekly digital asset investment products broke a five-week outflow streak as crypto traders in the U.S. and Hong Kong deployed more capital than withdrawals. According to CoinShares, $130 million flowed into these crypto vehicles, with the U.S. comprising the lion’s share last week. Dwindling Grayscale outflows cushioned activity in the region as GBTC marked its lowest weekly withdrawals in five months at $171 million. Hong Kong Bitcoin (BTC) ETFs amassed $19 million in inflows but paled compared to Wall Street offerings, which raked $135 million across some 11 products. Analysts noted…
Chainlink (LINK) price has stagnated since breaking above the $20 mark on Feb. 10, as on-chain data trends suggest that whale investors booking profits could trigger a pullback. Chainlink price has been on an uptrend in recent months thanks to the LINK token’s systemic importance to the burgeoning asset tokenization and Real World Assets (RWA) sectors. An unusually rapid selling trend spotted among whale investors holding LINK threatens to scuttle the rally. Whale investors offloaded 7 million LINK tokens in last 10 days Institutional interest in the asset tokenization wave…
Since mid-January Bitcoin (BTC) has been facing mounting selling pressure from various market players. This includes asset manager Grayscale, bankrupt crypto exchange FTX, and now, the US government, which is set to auction off a substantial amount of Bitcoin seized from the infamous dark web marketplace Silk Road. Sale Of Confiscated Silk Road Bitcoin The US government has filed a notice to sell approximately $130 million worth of Bitcoin confiscated from Silk Road. The filing states that the United States intends to dispose of the forfeited property as directed by…
In the lawsuit, Schiermeyer accused co-founder Thurston of moving GALA tokens from wallet under Gala Games’ control to 43 different wallets. Co-founders of blockchain gaming platform Gala Games have engaged in a legal battle over two separate lawsuits filed in the court. One of the co-founders alleged the theft of $130 million worth of Gala tokens, while the other alleged corporate waste. Last Thursday, August 31, Gala Games co-founders Eric Schiermeyer and Wright Thurston filed lawsuits against each other in the Utah District Court. On behalf of Gala Games, its…
The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala (GALA) and the other alleging corporate waste. On Aug. 31 Gala co-founders Wright Thurston and Eric Schiermeyer, also the firm’s CEO, filed lawsuits against one another in a Utah District Court. On behalf of Gala, Schiermeyer alleged that in early 2021 Thurston and his investment firm True North United Investments stole around $130 million worth of GALA — a token tied to the…
British Prime Minister Rishi Sunak is set to spend $130 million (100 million pounds) to buy thousands of computer chips to power artificial intelligence, amid a global shortage and race for computing power. The Telegraph reported on Aug. 20 that the United Kingdom aims to build an “AI Research Resource” by mid-2024 as part of Sunak’s plan to make the country an AI tech hub. The government is reportedly sourcing chips from makers NVIDIA, Intel and AMD — and it is understood that the science funding body UK Research and…
With information hard to come by, some crypto projects began informing their communities Thursday that they were unaffected by the “potential exploit” of Multichain. “As of right now, Abracadabra is not affected by the possible Multichain exploit, we are investigating with the involved parties to learn more,” the team behind Magic Internet Money stablecoin wrote in the project Discord. Source