Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Fireworks AI secures $52M in funding from @Sequoia, @nvidia, $AMD, and @MongoDB, boosting valuation to $552M. Its platform, used by @DoorDash and @Verizon, supports 100+ AI models for tailored business tasks. Expansion plans include hiring and stronger industry partnerships. #Update
OM, the native token of the DeFi platform Mantra, surged 19% to $1.13, topping the crypto market. Its trading volume soared 900% to $311M, with an 8% gain in 24 hours. OM’s market cap is now $849M, ranking 82nd among cryptocurrencies. #Crypto
The SEC’s final comments on spot Ethereum-ETF applications from @BlackRock and Fidelity are eagerly awaited. Approval could boost institutional investment in Ethereum, adding legitimacy to the crypto market and paving the way for more crypto-based financial products. #Ethereum #Update
T-REX launches options trading for its 2X leveraged and inverse Bitcoin ETFs, offering traders more flexibility. This comes as the SEC still hasn’t approved any spot Bitcoin ETFs, despite efforts from firms like Bitwise and Grayscale. #Update #Bitcoin #CryptoNews
US spot Bitcoin ETFs recorded $147.37M inflows on July 10, 2024, with Filelity’s FBTC fund leading at $57.79M. Despite @Grayscale’s $GBTC fund outflow of $8.15M, total three-day inflows hit $801M, showing strong investor confidence in Bitcoin. #Bitcoin #Update
? 40% of Ethereum supply is locked as market awaits ETH spot ETF approval. 33M ETH staked for network security, with ETFs expected to launch soon. #Ethereum #Crypto
Nearly half of cryptocurrency investors are optimistic about market recovery, with 49.3% anticipating a positive turnaround, according to a @coingecko survey. Long-term investors are the most hopeful at 54%, while 25.5% remain neutral. #CryptoNews #Update
Bitcoin rebounds to $58K after a recent sell-off. On-chain data shows a 2-month high in wallets holding over 10 BTC. Whale and shark wallets surged in July, adding 261 more wallets. Custodial wallets amassed 85K BTC, reflecting long-term confidence. #Crypto #Bitcoin
#Update Burkett Financial Services shifts strategy, liquidates ProShares’ BITO for BlackRock’s IBIT ETF. Institutional confidence in Bitcoin ETFs grows, with Fiduciary Alliance LLC acquiring 188,668 IBIT units worth $6.64M. Bitcoin ETFs see $147M net inflows on July 10, 2024. #BitcoinETFs
Shiba Inu marketing lead Lucie outlines why a $SHIB ETF is imminent: enhanced accessibility, regulation, security, and increased demand. While drawbacks like centralization and management costs exist, the ETF could significantly impact $SHIB’s market dynamics. #CryptoNews
Justin Sun buys $5M in $ETH ahead of spot Ethereum ETF approval, adding to his 362,751 ETH holdings worth $1.1B. Sun’s purchase of 1,614 ETH at $3,097 each counters market volatility. Significant whale activity includes Golem staking 40,000 ETH and Elwood’s 26,811 ETH deposit to Binance. #Ethereum
Crypto firm Hypersphere launches $130M Atlas fund on July 10, aiming for 40% returns through DeFi market making and arbitrage. Managed by ex-Millennium and Bridgewater staff, it reflects rising institutional interest in crypto. Expansion includes a $75M venture fund this fall. #CryptoNews
Dora, a crypto startup, raised $5.5M from @dragonfly_cap, @Lemniscap, and others to enhance its Infinite Discovery Engine for unifying cross-chain transactions. CEO Mauricio Trujillo aims to boost search capabilities across 20+ networks, including Ethereum. #Crypto #Blockchain #Update
BOB secures $1.6M in funding, led by @Ledger, to enhance Layer 2 solutions for $BTC and $ETH. $1M will support new startups and dApp development. BOB’s EVM compatibility boosts its infrastructure for dApps, driving advancements in crypto. #Update #Blockchain
