Tag: Cryptoslate
Blockchain
MakerDAO’s dual stablecoin solution promises to resolve longstanding trilemma
Rune Christensen, the founder of MakerDAO, has proposed a novel solution to the Stablecoin Trilemma This trilemma posits that achieving a stable value pegged to the dollar, maintaining
Blockchain
Bitcoin shrimps outpace monthly issuance, accumulating 25,000 BTC in 30 days
Quick Take According to Glassnode, in Bitcoin (BTC) ownership, the smallest cohort, known as “shrimps” holding less than 1 BTC, remarkably commands approximately 7% of the BTC circulating
Blockchain
CME gears up to launch spot Bitcoin trading, challenging Binance’s dominance
The Chicago Mercantile Exchange (CME) is gearing up to introduce spot Bitcoin trading, responding to the growing demand for the leading digital asset on Wall Street, the Financial Times reported on
Blockchain
Grayscale GBTC registers rare inflow amid $303 million Bitcoin ETF surge
Quick Take According to Farside data, the Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest inflow since May 3, witnessing a $303 million inflow on May 15; all ETFs experienced positive
Blockchain
Two major hedge funds reveal $2.4 billion exposure to spot Bitcoin ETFs
Millennium Management and Schonfeld Strategic Advisors disclosed some of the largest spot Bitcoin ETF investments among traditional financial firms to date, according to their 13F filings for the
Blockchain
Subsquid teams up with Google BigQuery to redefine blockchain data handling
Subsquid, a Web3 data access layer, has partnered with Google after raising $175 million across multiple funding rounds to build an omnichain indexing solution, according to a May 15 statement shared
Blockchain
Worldcoin open-sources revamped biometric data system
Worldcoin Foundation has introduced a new system using Secure Multi-Party Computation (SMPC) for biometric template protection, developed with cryptography engineers from TACEO The advancement has
Blockchain
Morgan Stanley reveals $270 million investment in Bitcoin ETFs, making it top GBTC holder
Morgan Stanley revealed a $2699 million investment in spot Bitcoin ETFs via Grayscale’s GBTC in its first quarter 13F disclosure Based on Fintel data, the investment makes it one of the largest
Blockchain
US lawmaker calls on SEC to repeal crypto custody rule ahead of Senate vote
US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote SAB 121
Blockchain
Bitcoin rallies to $65,000, triggering over $120 million in liquidations in 24 hours
Quick Take Bitcoin’s recent surge to $65,000, a level last seen on May 6, has sparked significant volatility in the digital assets market Bitcoin has now seen a roughly 15% rally from the lows
Blockchain
TRON DAO at Cornell Blockchain Conference
Geneva, Switzerland, May 15, 2024 – TRON DAO, a platinum sponsor at the Cornell Blockchain Conference, recently showcased its leadership at Cornell Tech on Roosevelt Island The event attracted over
Blockchain
Bitcoin’s realized profit/loss ratio shows market satisfaction with current price levels
Bitcoin’s yearly realized profit/loss ratio measures the proportion of realized profits to realized losses over a rolling one-year period It’s an underused but significant metric as it
