Tag: Million

Cardano Drops NIGHT Tokens to 30 Million Wallets

Key Notes NIGHT token airdrop launched with a 60-day claim window. Over 50% of the tokens were allocated to Cardano users. Charles Hoskinson confirmed 470 million tokens already redeemed. Cardano’s privacy-focused sidechain, Midnight Network, has officially kicked off its long-awaited NIGHT token airdrop, dubbed the “Glacier Drop.” Crypto experts are calling it one of the most ambitious airdrops in crypto history. Notably, the Glacier Drop targets 30 million wallets across eight major blockchain ecosystems, such as Bitcoin, Ethereum, Cardano, Solana, BNB Chain, Avalanche, XRP Ledger, and Brave. It aims to…

Smarter Web Launches $21 Million Bitcoin-Denominated Convertible Bond

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The Smarter Web Company has launched Smarter Convert, a bitcoin-denominated convertible bond fully subscribed by institutional investor TOBAM for $21 million. The initiative enables Smarter Web to raise capital while expanding its bitcoin treasury. TOBAM Backs Smarter Web With $21 Million Investment The Smarter Web Company has announced the successful launch of Smarter Convert, an […] Original

Crypto Fantasy Or Future? Expert Predicts XRP Will Hit $1 Million

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A bold forecast has stirred debate in crypto circles. Based on reports, a long-time investor known as Pumpius argues that XRP could one day trade at a whopping $1 million per coin! Related Reading That’s a huge jump from its current price near $2. The prediction rests on the idea that XRP will become the main bridge asset in a tokenized global economy worth up to $1 quadrillion. Tokenization Efforts Gain Ground According to Pumpius, Ripple is quietly moving real-world assets onto its blockchain. A government-backed real estate token pilot…

BlackRock’s IBIT Dominates Bitcoin ETF Outflows at $292 Million

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Key Notes BlackRock Bitcoin ETF (IBIT) saw a massive $5.2 billion in net inflows in July, reinforcing its positions as a leader in the space. US spot Bitcoin ETFs saw their third consecutive day of outflows, led by IBIT, Fidelity’s FBTC, and Grayscale’s GBTC. Bloomberg’s Eric Balchunas highlighted a shift in institutional interest toward digital assets and hedge funds, amid a slowdown in private asset fundraising. BlackRock iShares Bitcoin Trust (IBIT) dominated the spot Bitcoin ETF outflows on Aug. 4, at $292 million. This is the biggest outflow since May…

Spot Bitcoin ETFs Bleed $812 Million: Second‑Largest Exit Ever

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Cardano Development Proposal Secures $71 Million From Treasury

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Cardano’s core development team has received approval to be paid 96 million ADA from the treasury to forge ahead with proposed upgrades to the network. Input Output Global (IOG) — Cardano’s main development team — submitted the proposal for the equivalent of $71 million in Cardano (ADA), which passed with 74% in favor, representing 200 votes, six against, and seven abstaining, according to the governance action. The 12-month development plan focuses on improving scalability, the developer experience, and interoperability. However, the proposal garnered some concern from the community over costs,…