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BlackRock’s IBIT ETF Sees Cash Inflows for 69 Days Straight


BlackRock’s spot Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust trading under the ticker “IBIT” has seen inflows 69 days straight following the Bitcoin halving event, said Bloomberg Intelligence ETF analyst Eric Balchunas in a social media post. The post BlackRock’s IBIT ETF Sees Cash...

Ethereum Sees $365 Million in Revenue in Q1, Up by 155% YoY


The Ethereum network reported a robust income of $365 million in the first quarter of 2024, an impressive year-on-year quarterly revenue growth rate of 155%.  The post Ethereum Sees $365 Million in Revenue in Q1, Up by 155% YoY appeared first on Cryptonews

World Gold Council Sees Gold as Underowned, Forecasts Continued Rally


The World Gold Council, an authority in global gold markets, expects the recent gold price rally to continue, supported by geopolitical risks, steady central bank purchases, and demand for coin and jewelry. The council also sees gold ETFs fueling a future rise in prices given their precious...

Web3 Funding Sees Uptick in Q1 as Startups Secure Nearly $1.9B: Crunchbase


Despite Web3’s challenging journey in recent years, funding for the sector bounced back in the first quarter this year. It marks the first increase since the final quarter of 2021, a Crunchbase report published Thursday showed. The post Web3 Funding Sees Uptick in Q1 as Startups Secure Nearly...

TRON’s Justin Sun sees blockchain as a key to solve global challenges


Blockchain technology has held one flag flying high, that is of cryptocurrency, and it has done that for a long time. Now, the world is exploring other use cases of blockchain technology, and Tyron is one of the leaders in that aspect. Justin Sun, the founder of TRON, highlighted the same in...

Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease


Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind...

Ethereum sees a rise in new users as long-term holders sit tight!


In recent developments, the Ethereum blockchain, also known for its native cryptocurrency, ether, is seeing a rising number of long-term holders. With new data from The Block indicating that one-year active supply is breaking down recent records, we can see that long-term investors remain...

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