Base, built by crypto exchange Coinbase on OP Stack, launched its testnet in January and opened to builders in mid-July basis the submission of applications to Base. Traction has been scant, so far, except for Sunday when the likes of BALD led to a sudden rush in capital – and users – to the blockchain. Source
While Sorare has over 4 million registered managers, it may now see the association with crypto as a hindrance to further growth and has introduced support for the U.S. dollar, the euro and the British pound. The move follows that of fellow NFT-related sports game NBA Top Shot, which accepts U.S. dollars. Source
Meta (META) hasn’t given up on the metaverse despite a very public pivot to artificial intelligence. “Our investments in AI continue,” said CEO Mark Zuckerberg on the company earnings call Wednesday evening. “We remain fully committed to the Metaverse vision as well,” he continued. “We’ve been working on both of these two major priorities for many years in parallel now, and in many ways the two areas are overlapping and complementary.”. The focus on the metaverse hasn’t been profitable for the social media giant – Meta’s Facebook Reality Labs (FRL)…
Rocket Pool, a decentralized Ethereum-based staking service, experienced its largest daily redemption of its rocketpool ether (rETH) token this week, with one trader redeeming $12.3 million worth of the token before sending it to Binance. Source
Open interest in standard bitcoin futures contracts averaged a record 14,800 contracts through the first half, a 15% rise compared to 2022. Meanwhile, open interest in bitcoin options averaged a record 9,400 contracts, confirming an impressive 175% rise versus 2022. Original
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin-related investment products decline, as investor outflow is visible for the first time since Blackrock’s filing for a spot Bitcoin ETF. The outflow was revealed in a report by James Butterfill, CoinShares’ head of research. Bitcoin (BTC) investment products saw a notable outflow of $13 million during the week ending July 21. A reversal came after five consecutive weeks of inflows. The overall digital asset funds also witnessed weekly outflows of $6.5 million, following four weeks…
Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ NeutralCurrent price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed…
ETH-focused investment products enjoyed the largest inflows among all cryptocurrencies, totaling $6.6 million. The growth suggests that “sentiment, which has been poor this year, is beginning to turn around” for the second largest crypto asset, noted James Butterfill, head of research at CoinShares. Original
Each Omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost Curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, as is Conic (CNC), Conic’s native token. Source
Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by the Bank of the Future suggests that the troubled crypto lender could likely repay the claims if the price of Bitcoin (BTC) and Ether (ETH) — two assets held by the firm — doubled their current market prices. Simon Dixon, the founder of Bank of the Future — a crypto-centered investment firm — tweeted the estimated price BTC and ETH would need to reach for Celsius…