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Spot Bitcoin ETFs Outflow Net $224M Despite BTC’s Jump Above $72K

Monday, April 8, saw an aggregate outflow of $224 million from the newly launched eleven spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows, during which a total net of $570 million flowed into the institutional investment products. This week’s outflow was again exacerbated by Grayscale, which saw […]

Polkadot Breaks Records With Over 600,000 Active Addresses: Data

Polkadot appears to be bustling with activity, which is evident from the record-breaking number of active addresses on the blockchain and other metrics that depicted a bullish case. According to the latest stats by ‘Parity Data,’ Polkadot accumulated over 605,200 active addresses. Nearly half of them, around 248,000 out of 605,000, are associated with Moonbeam, […]

DigiFT Launches US Dollar Money Market Fund Token to Offer Stablecoin Holders an Actively Managed Investment Solution On-Chain

[PRESS RELEASE – Singapore, Singapore, April 8th, 2024] DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer a new cash management option […]

Ethereum’s Layer 2 Networks Projected to Reach $1T Market Cap by 2030: VanEck Analysts

In a report released earlier this week, analysts from investment manager VanEck forecasted that Ethereum’s Layer 2 scaling networks will reach an astonishing $1 trillion market capitalization by the year 2030. The $1 trillion prediction was reached by estimating that Ethereum would hold 60% of the market share across all public blockchains and assessing the […]

Google Sues 2 Individuals for Alleged Crypto Investment Fraud Using its Play Store

American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google Play, which they used to defraud unsuspecting victims. Despite the company’s previous attempts to take down fraudulent apps from its Play Store, the alleged scammers found a way to upload more […]