Cryptocurrency

Demand from these regulated vehicles was so intense that the original cryptocurrency hit a new all-time high, driven by a flurry of Bitcoin purchases. However, it seems that the market might have gotten a bit ahead of itself in the hype, according to Kaiko Research, as investors offloaded crypto ETFs at the fastest pace last week.Both ETF inflows and the Bitcoin (BTC) rally decelerated in early April. Last week, BlackRock (NYSE:BLK)’s iShares Bitcoin Trust (IBIT) saw its first daily outflow of $37 million, breaking a 71-day streak of consecutive inflows. On Friday, however, the tide seemed to turn, with strong inflows across various ETFs, including Grayscale’s GBTC. Additionally, BlackRock’s IBIT fund is currently nearing parity with GBTC in terms of holdings. Kaiko analysts attribute this rebound in ETF inflows to U.S. jobs data, which sparked speculation about interest rate cuts by the Federal Reserve.Globally, competition among ETFs is heating up. Last week, three mainland Chinese asset managers—Bosera Asset Management, Harvest Global Investments, and China Asset Management—launched Bitcoin (BTC) and Ethereum (ETH) spot ETFs in Hong Kong.The first trading day saw a combined volume of $12.7 million across Hong Kong dollar, renminbi, and U.S. dollar trading pairs. Although this volume is modest when compared to the $4.6 billion traded by U.S. spot ETFs at their launch, it highlights the relatively smaller scale of the Hong Kong ETF market.“Interestingly, ChinaAMC’s Bitcoin ETF saw the strongest volume despite its higher fee of 99 basis points. ETH ETFs attracted 23% of the total first day volume, while BTC accounted for the majority at 77%,” Kaiko note reads. In the Asia-Pacific region, demand for crypto exposure remains strong. According to recent mandatory 13F filings with the U.S. Securities and Exchange Commission, a Hong Kong-based asset manager is the largest holder of BlackRock’s IBIT fund.Although inflows into spot crypto ETFs have slowed, institutional interest in tokenizing real-world assets (RWA) is gaining traction. Last week, BlackRock’s BUIDL fund crossed the $300 million mark, overtaking Franklin Templeton’s BENJI to become the largest tokenized U.S. Treasuries fund.This growth was propelled by Ondo Finance, which moved $95 million to BlackRock’s fund. More

Shiba Inu (SHIB) has seen a significant uptick in its value. Following its rebound from lows of $0.00002 on May 1, Shiba Inu has steadily ticked higher and is on track to mark five of six days in gains taken from this date.SHIB has risen by 8% on a seven-day basis, showcasing a recovery and positive trend on the market. At the time of writing, SHIB was posting muted gains, up 1.5% in the last 24 hours to $0.0000248.Likewise, Bitcoin (BTC), the original cryptocurrency, is currently sustaining above $64,000, after dipping to lows of $56,500 in the previous week. The recent rebound in prices for both SHIB and BTC has reignited optimism within the cryptocurrency community, following a period of volatility and uncertainty. Lucie draws attention to the significance of this moment, posting a screenshot of both cryptocurrencies trading in green and urging the community to pay attention. The rebound might not be a momentary blip but could be indicative of a more sustained rally. Meanwhile, Bitcoin’s rebound serves as a barometer for the broader cryptocurrency market, with its price movements often influencing sentiment and trading activity across the entire ecosystem. As the original cryptocurrency and a bellwether for market trends, BTC’s recovery bodes well for investor confidence and overall market sentiment.Thus, the Shiba Inu team member’s call to pay attention might not just be about observing the numbers; it might be about understanding the forces that influence the dynamics of the market and being ready to act when the time is right.This article was originally published on U.Today More

This rewards system gamifies engagement on the MOOAR platform, enabling users to enter a raffle for the chance to receive rewards, including exclusive STEPN x adidas Genesis Sneaker NFTs.FSL, the global gaming and development studio behind the web3 lifestyle app STEPN, has officially announced the launch of MOOAR Box Season 2 (S2), a revolutionary rewards program set to redefine the NFT marketplace landscape. MOOAR Box S2 offers rewards for NFT enthusiasts, including coveted items like the STEPN x adidas Genesis Sneaker NFTs, recently minted in a raffle sale that generated over $3 million in primary sales.Following the groundbreaking partnership between STEPN and adidas, aimed at reshaping the world of Web3 fitness through a series of activations throughout the year, MOOAR Box S2 emerges as a dynamic addition to the MOOAR platform. FSL aims to gamify trading and reward loyal use, exemplified by recent innovations such as FSL ID, which rewards users with FSL Points for buying or selling their NFTs on the MOOAR Marketplace. With the success of MOOAR Box S1, which propelled MOOAR to the top of the charts for 24-hour marketplace trading volume on Solana and Polygon, MOOAR Box S2 introduces a twist with FSL ecosystem projects joining the rewards pool. Participating projects include: adidas, Famous Fox Federation, Honeyland, HypeSaints, Souls.club, Blast Royale, League of Kingdoms, Versus-X, Clumsy Bears, Dogami, Matr1x, and Macroverse.MOOAR Box S2 introduces a new Ticket System. Upon completing a transaction, users have a chance to receive a MOOAR Box ranging between Level 1 and 12. The number of tickets inside the box depends on the NFT traded, as well as the user’s MOOAR membership level. Holding these tickets will enter the user into a raffle for exclusive rewards. Tickets can be exchanged for GMT, the FSL ecosystem token, thereby enhancing the utility of the MOOAR Box rewards. Furthermore, Referral Rewards incentivize community growth by offering both parties a boost in XP (NASDAQ:XP) for inviting friends to join the platform.About FSLFounded in 2021, FSL is a global gaming and development studio connecting players to Web3 through fun and rewarding gaming experiences. FSL’s mission is to introduce individuals to Web3 while encouraging healthy living and combating climate change. The FSL ecosystem includes STEPN, MOOAR, DOOAR, and Gas Hero.For more information, users can visit FSL’s Official website or follow FSL on Twitter.About MOOARMOOAR is a leading NFT marketplace on Solana, Polygon, and Ethereum, providing a seamless platform for buying and selling digital collectibles. With the integration of AIGC tool, GNT, users can create and mint their own NFTs, enhancing the platform’s offerings. Additionally, MOOAR operates as a launchpad, offering primary mint and sale opportunities for creators and collectors alike.For more information, users can follow MOOAR on Twitter.About STEPNSTEPN is Web3’s leading lifestyle app with over 5.4 million registered users. By incentivizing exercise through rewards, the app requires users to purchase a Sneaker NFT and earn rewards through walking, jogging, or running. Over the years, STEPN has partnered with some prolific brands, including adidas, Atlético de Madrid, Steve Aoki, ASICS, and Ghost in the Shell (LON:SHEL).For more information, users can follow STEPN on Twitter.ContactHead of MarketingMattina HiwaiziFSLmattina@fsl.comThis article was originally published on Chainwire More

Per its press release, this milestone was achieved shortly after the release of Crypto.com’s new brand film, INEVITABLE, which is part of the Fortune Favors the Brave campaign. It also comes hot on the heels of a full operational approval it received from Dubai’s Virtual Assets Regulatory Authority (VARA) back in April.“Positioning our brand through engaging campaigns and iconic partnerships has made Crypto.com a household name,” said Kris Marszlek, CEO of Crypto.com.“But I’m most proud of the fact that we’ve surpassed the 100 million user milestone while building the most widely regulated platform in the industry by leading in global licenses and registrations. There were no shortcuts to this milestone. It was a team effort, and we will keep building for the next 100 million users.”Since its founding in 2016, the company has been actively expanding its global compliance registrations, particularly amid growing regulatory scrutiny of the industry.Over the past year, Crypto.com has had its ups and downs, securing operational approvals in Singapore, France, Brazil, and the U.K., but also dealt with regulatory fines in the Netherlands, staff layoffs, and struggled to keep fiat on-ramps running during last year’s banking crisis. Moreover, Crypto.com hit a roadblock in the South Korean crypto market after local regulators delayed the approval of a local entity’s leadership transition. The exchange secured regulatory approval in South Korea in 2022 and planned to launch a retail app on April 29.“For almost a decade we have been building for the long term – with safety, compliance, and trust at the core. This is what truly distinguishes Crypto.com, and it is reflected in our long term partnerships and our latest film. We have come so far and we are excited about what is ahead,” added Steven Kalifowitz, Chief Marketing Officer of Crypto.com.Established in 2016, Crypto.com provides an exchange platform, digital wallet, and various other services. The company holds authorization as an Electronic Money Institution from the U.K.’s financial regulator.  More

The SEC’s enforcement action could include a civil injunctive action, public administrative proceeding, and/or a cease-and-desist proceeding. Remedies sought may encompass an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation, or limitations on activities.The potential violations pertain to Sections 15(a) and 17A of the Securities Exchange Act of 1934. Robinhood has disclosed that it has cooperated with the SEC investigation leading up to the receipt of the Wells Notice.The information for this article is based on a recent SEC filing.As Robinhood Markets , Inc. (NASDAQ:HOOD) navigates through potential SEC enforcement action, the company’s financial and market performance continues to be a focal point for investors. According to InvestingPro data, Robinhood has a market capitalization of approximately $16.06 billion. The company’s revenue growth has been robust, with a 37.33% increase over the last twelve months as of Q4 2023, and a quarterly growth of 23.95% in Q4 2023. Despite these strong revenue figures, Robinhood’s profitability remains a concern, as reflected in a negative P/E ratio of -29.57 for the same period.InvestingPro Tips suggest that analysts are optimistic about Robinhood’s income prospects, predicting the company will turn profitable this year. Additionally, three analysts have revised their earnings expectations upwards for the upcoming period. This could signal confidence in the company’s ability to navigate current regulatory challenges and potentially capitalize on its strong revenue growth.Investors interested in a deeper dive into Robinhood’s financials and market performance can find additional InvestingPro Tips by visiting InvestingPro. There are currently 6 more tips available that could provide further insights into the company’s outlook. To access these insights, consider using the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The Project World of Pepe is now live on Solana. Visit our Presale Website for more Information.The rise of these meme-based cryptocurrencies underscores digital currency’s volatile yet incredibly engaging realm, where humor paired with a strong community ethos can lead to substantial financial activity. Following the success of coins like $BOME and $WIF, the launch of World of Pepe $WOP marks a new phase in the evolution of the Solana Meme Coin ecosystem.$WOP, inspired by popular mmorpg, is a deflationary meme token expanding the $WOP ecosystem on the Solana blockchain. The presale begins on Monday, May 6, 2024, at 1 PM Central European Time(CET).Meet $WOP: The Viral Adventure Meme Coin on SolanaInspired by the universal symbol of adventure in the digital age, $WOP aims to bring together the Solana Meme Coin community with its distinctive blend of humor and adventure engagement.World of Pepe $WOP is set to deliver more than mere entertainment; it proposes a deflationary meme token with a suite of utilities in the burgeoning $WOP ecosystem.The $WOP token presale presents an opportunity to engage with a leading meme coin on the Solana blockchain, symbolizing the platform’s humorous and vibrant culture.World of Pepe Presale Details- Total Supply: 10 Billion $WOP Tokens- Presale Allocation: 6,000,000,000 $WOP Tokens (60% of the total supply).- Presale Duration: 21 Days.- The presale will have no minimum or maximum cap, ensuring equitable participation for all.Users Can Stay Updated By Following $WOP On Social MediaWebsite | X (Twitter) | Telegram About $WOP$WOP is a pioneering meme coin project on the Solana blockchain, inspired by the globally recognized expression of mmorpg in internet culture.$WOP combines adventurer with investment potential, targeting both cryptocurrency enthusiasts and meme aficionados. With its foundation in Solana, World of Pepe aims to utilize the blockchain’s fast and cost-efficient features to provide a smooth experience for token holders.$WOP is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactWorld Of Pepe TeamWorld Of Pepeadmin@worldofpepe.topThis article was originally published on Chainwire More

A sharp drop in the dollar, following weaker-than-expected nonfarm payrolls data, was the biggest benefactor of Bitcoin over the weekend. This helped the token recover from bear market territory after it sank to about $59,000 last week, about 22% below a record high hit in March.Bitcoin fell 0.3% in the past 24 hours to $63,513.8 by 08:52 ET (12:52 GMT).Markets were now seen pricing an increased chance of a 25 basis point cut by the Federal Reserve in September. Such a scenario bodes well for cryptocurrencies, given that they usually thrive in a low-rate, high-liquidity environment. A cooling labor market gives the Fed more impetus to cut interest rates. But Friday’s reading also comes after five straight months of stronger-than-expected payrolls readings, while inflation- which is a key factor for the Fed- remains comfortably above the central bank’s 2% annual target.Near-term gains in Bitcoin were held back by anticipation of more cues on U.S. rates, specifically from a string of Fed officials set to speak in the coming days. FOMC members Thomas Barkin and John Williams are set to speak later on Monday, followed by Neel Kashkari on Tuesday. But despite its recovery over the weekend, Bitcoin remained squarely within a trading range seen through most of March and April. The world’s largest cryptocurrency has floundered between $60,000 and $70,000 amid waning hype over the crypto market.Capital flows into Bitcoin investment products, specifically the spot exchange-traded funds approved earlier this year, were seen slowing substantially over the past month. Bitcoin ETFs saw capital outflows for the past three weeks. Other major cryptocurrencies witnessed mixed performance on Monday, reflecting the uncertainty in the broader market.World no.2 crypto Ethereum slid 1.2% to $3,095.04. XRP remained unchanged on the day , while Solana rose 3%.Bitcoin remained the sole driver of crypto valuations, with the token accounting for nearly 55% of overall crypto valuation.In other crypto-related developments, less than 10% of stablecoin transaction volumes are organic or come from real users, Bloomberg News reported, citing new findings by Visa (NYSE:V) and data platform Allium Labs.Of the approximately $2.2 trillion in transactions in April, only $149 billion originated from “organic payments activity,” per the report. The analysis excluded transactions from bots and large-scale traders to “isolate those made by real people.”The stablecoin market supply is currently valued at around $150 billion, with Tether (USDT) and USD Coin (USDC) dominating the market, holding shares of 75% and 22%, respectively.”There is also a lot of noise in this data given that blockchains are general purpose networks where stablecoins can be used across a range of use cases with transactions that can be initiated manually by an end user or programmatically through bots,” Visa said in a note last month.Despite the disparity between total transfer volume and bot-adjusted volume, the report found consistent growth in monthly active stablecoin users, totaling 27.5 million across all chains. More

BTCC Exchange, the world’s longest-serving cryptocurrency platform, announces the BTCC World Trading Competition (BWTC) 2024 kickoff, featuring an unprecedented prize pool of 10 million USDT. This global competition, organized into three main categories, invites participants worldwide, underlining BTCC’s commitment to inclusivity and diversity in cryptocurrency trading.The competition’s categories—individual trading, copy trading, and referral competition—are designed to accommodate traders of all skill levels and preferences. The individual trading competition, already open for registration, features a significant shared prize pool of 1.4 million USDT, offering participants the chance to earn up to 26,700 USDT monthly.As in the copy trading competition segment, participants are divided into two groups: lead traders and copy traders. Lead traders compete for a 50,000 USDT prize pool based on their lead trading performance, while copy traders vie for 30,000 USDT, with rankings determined by their copy trading volume.In addition to the typical trading formats above, BTCC stands out by including a referral competition. This encourages existing users to introduce new traders to the platform, with a prize pool of 65,000 USDT awarded monthly based on the referred traders’ volume and the number of new users brought in.The BWTC 2024 will introduce more categories of trading competitions, providing users with exciting opportunities to win from the extensive prize pools.This year, BTCC continues to demonstrate its dedication to making crypto trading more accessible through various rewarding campaigns. Their recent Bitcoin halving campaign celebrated the platform’s observation of its fourth Bitcoin halving since its inception, distributing significant rewards to participants.Now entering its 13th year, BTCC remains focused on expanding its campaign offerings to attract both novice and seasoned traders, maintaining its prominence in the crypto exchange industry.About BTCCEstablished in 2011, BTCC is one of the world’s most established cryptocurrency exchanges. Its mission is to make cryptocurrency trading accessible and reliable for everyone, continually adapting and innovating to meet traders’ needs across the globe.Website: https://www.btcc.com Twitter: https://twitter.com/BTCCexchangeContactAaryn Lingpress@btcc.comThis article was originally published on Chainwire More