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Grayscale saw over $600 million leave its spot BTC ETF on February 29.  The total outflow from GBTC has been $8.4 billion since January 11.  Grayscale has urged the SEC to greenlight options on its spot BTC ETF. Grayscale, a leading digital asset management firm, has witnessed another day of significant outflows from its spot Bitcoin exchange-traded fund (ETF), with over $600 million going out from its Grayscale Bitcoin Trust (GBTC).   According to the data from Farside Investors, Grayscale saw $600 million leave GBTC on February 29. Its total outflow is around $8.4 billion since the first trading day on January 11.  Meanwhile, on the same day, the other ETFs recorded significant inflows, with 8 ETFs adding 14,934 BTC worth $940 million. The iShares Bitcoin Trust (IBIT) by BlackRock, the world’s largest asset management firm, added 10,140 BTC worth $638 million, followed by Fidelity’s FBTC adding 4,066 BTC worth $255.9 million. As reported ea...

Taki Games and Two3 are eyeing mainstream adoption of Web3 gaming. A new NFT game Puzzle Smoofs will help bring more gamers to Web3, with players rewarded using TAKI tokens. TAKI features a buy-and-burn mechanism, with gamers incentivized to generate revenue. Taki Games, a social Gaming network for mobile, has teamed up with cross-chain Web3 studio Two3 Labs to launch a new “Puzzle Smoofs” mobile game.   Puzzle Smoofs is targeted to go live on the Taki Games network this March, the two platforms said in a press release shared with CoinJournal. The new gaming venture adds to Taki Game’s notable Web3 game titles, including Game7 Food Fighter and Pac-Cats. With the partnership with Two3 Labs, Taki is looking to tap into the Smoofs popularity to bring the next billion gamers to Web3. Weiwei Geng, CEO of Taki Games, noted in a statement: “By integrating Smoofs IP into this game, we are not only providing players with true own...

SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified scrutiny as the SEC challenges the allocation of resources. The U.S. Securities and Exchange Commission (SEC) has raised objections to Terraform Labs’ allocation of a $166 million retainer to the law firm Dentons. This development comes amidst an ongoing legal tussle between Terraform Labs and the SEC, stemming from the collapse of TerraUSD and the subsequent bankruptcy filing by Terraform Labs in January 2024. Alleged fund diversion The SEC contends that the substantial retainer payment to Dentons represents a diversion of funds that should rightfully be allocated to investors and creditors involved in Terraform’s bankruptcy proceedings. The commission has characterized this allocation as an attempt by Terraform Labs to establish...

Bitcoin (BTC) is one of the best-performing assets of the last decade. However, the original cryptocurrency’s price plummeted in 2022, reaching a low of around 15,700 on Nov. 10, 2022. Nonetheless, BTC’s price has made significant gains over the last year. Also Read: BTC Surpasses $57,000: Why is Bitcoin Up Today? If you had invested $1000 in BTC every month since November 2022, you would have put in $16,000 till now. However, the portfolio’s value would have surged to $32,788.65, a growth of 104.9%. In other words, your initial investment would have more than doubled in about 15 months. Source: CryptoDCA Also Read: Analysts Predict Bitcoin ETFs to Gold ETFs In AUM in Less Than 2 Years  Will Bitcoin (BTC) continue its bullish trajectory? Bitcoin (BTC) saw a consistent price increase over the previous year. The asset surpassed the $57k level recently, last seen in 2021, over two years ago. BTC is currently up 10.3% in the weekly chart, 15.4% in the 14...

AltSignals is expected to launch numerous products in 2024. The project is expected to benefit from the positive optimism in the AI sector. $ASI value will be unlocked as the ActualizeAI platform operationalises.  Artificial intelligence is growing rapidly, and it is not a coincidence that exposed sectors are benefiting. AI tokens saw increased gains, led by the Worldcoin token (WLD), which claimed a new record. Elsewhere, stocks of companies linked to AI, such as Nvidia, are claiming a new record. This has built optimism that the newly launch ed project AltSignals ($ASI) will grow immensely in 2024. That comes amid a string of project launches expected to enhance the token’s trajectory in the year. AltSignals: A project leveraging AI for quality trading signals One of the main key selling propositions of AltSignals has been its AI use in the trading world. After a successful signal generation service helped by algorithms, AltSignals is ready f...

Former FTX CEO Sam Bankman-Fried ( SBF ) stands on the brink of his sentencing hearing, where he may confront a less severe sentence than initially expected. Despite the gravity of the charges against him, SBF ’s legal team has put forth a proposal suggesting a maximum sentence of 6 1/2 years, citing various mitigating factors. The proposal arises amidst positive developments concerning the bankruptcy of the troubled exchange he formerly led. SBF ’s lawyers assert that the revival of crypto markets and the favorable performance of specific investments held by the estate could potentially facilitate full reimbursement for customers affected by the firm’s collapse. This factor may significantly influence the sentencing decision, given the crucial consideration of the impact on victims. SBF ’s lawyer further wrote, “When the factors are considered, including Sam’s charitable works and demonstrated commitment to others, a sentence that returns Sam promptly to a ...

As Ethereum surges to unprecedented heights, surpassing the $3,000 milestone effortlessly, analysts are scrutinizing technical indicators to uncover the reasons behind ETH’s surge to new yearly peaks. Despite a brief setback, the rally continues unabated, with ETH’s price at $3,200 and inching closer to the crucial resistance level of $3,340. Source Reappearance of Dormant Investor Amid Ethereum’s remarkable rally, an investor who had remained inactive for eight years has reappeared, making waves with a substantial Ethereum transfer. According to Lookonchain, a blockchain analytics platform, an early participant in Ethereum’s initial coin offering (ICO) has moved 238.75 ETH, valued at approximately $770,000, to Coinbase. This significant transaction overlapped with ETH’s recent surge past the $3,200 mark. After the price of $ETH surpassed $3,200, an #Ethereum ICO participant woke up after 8.6 years of dormancy and deposited all 238.75 $ETH($770K) to ...

Trading volumes for the nine newly-launched spot Bitcoin ETFs (exchange-traded funds) reached a new high as BlackRock’s ETF volumes topped $1 billion and BTC soared past $56K. Nine newly-launched spot Bitcoin ETFs collectively saw more than $2.4 billion in trading activity on Feb. 26, while BlackRock’s IBIT broke its previous record daily inflow by about 30% as it breaks away from the pack. “ BlackRock is Godzilla-big with massive distribution, a trusted brand and they are well known in trading world,” said Bloomberg ETF analyst Eric Balchunas in a Feb. 26  post on X. Losing Ground To BlackRock’s Bitcoin ETF Following IBIT, Fidelity’s FBTC achieved second place in terms of inflows with $576 million in volumes. ARK 21 Shares’ ARKB posted $271 million in total volumes and Bitwise’s BTB amassed $81 million worth. The spot Bitcoin ETFs posted their second-largest trading day when adding the volume registered by Grayscale’s co...

The Node AI price pumped more than 26% over the past 24 hours to trade at $0.2165 as of 9:40 a.m. EST as investors rush to scoop up the AI crypto. The Node AI Price Attempts To Buck Its Negative Trend 4-hour chart for GPU/USDT (Source: TradingView ) The Node AI price has consistently printed lower highs and lower lows over the past few days, resulting in the formation of a medium-term bearish price channel. In the past 24 hours, however, the crypto has entered a consolidation phase just above the $0.00040 support level. Should the Node AI price remain above this key price point for the remainder of the day, the altcoin could attempt to escape the descending channel. The upper boundary of this channel is confluent with the major resistance level at $0.00195.  As A result, GPU overcoming this threshold may be seen as a long entry for traders. This potential buy pressure could then elevate the Node AI price to the subsequent barrier at $0.01320 in the following couple of days. ...

NFT sales on Ethereum grew by 1.26% to over $17 million, involving 9,359 buyers in 24 hours. Solana saw a 27.6% surge, with sales exceeding $9.28 million from 20,591 buyers.  Arbitrum saw a staggering 111% growth in NFT sales, reaching $1,212,592 Non-fungible tokens (NFTs) on popular crypto blockchain networks, such as Ethereum (ETH), Solana (SOL), and Arbitrum (ARB), have recorded staggering gains within the past 24 hours. Statistics from market tracker Crypto Slam have confirmed a resurging interest in NFTs. According to Crypto Slam data, genuine NFT sales volume on the Ethereum network grew by 1.26% to $17,373,122, with 9,359 buyers involved in the transactions. On the other hand, counterfeit NFT sales volume dropped by 30.7% to $6,086,428.  Cumulatively, the Ethereum blockchain saw a total NFT trading volume of over $23.45 million within the past day. On the seven-day scale, the total sales amounted to $207.9 million, though reflecting a 13.4...

TLDR Soon-to-be-launched Rebel Satoshi plans to officially launch in a few days, with a presale ending on the last day of the month. Hedera climbs to a yearly high amid high trading activity within SaucerSwap and the addition of a new member within its governing council. Hedera is one of the most unique top crypto coins, an unparalleled alternative to the countless blockchains. The hashgraph has grabbed headlines, causing a climb on the charts. Another noteworthy crypto story is the upcoming DEX (decentralized exchange) launch for Rebel Satoshi ($RBLZ), a revolutionary meme coin. The last opportunity to join this project’s presale is available even with the clock ticking. Find out more about Rebel Satoshi before looking at the rise in Hedera. DeFi Revolution Precedes The Soon-To-End Rebel Satoshi Presale Rebel Satoshi is a new community-focused meme token with Satoshi Nakamoto as its lifeblood. It honors their invention of Bitcoin (which inspired cou...

Carson Group has offered four spot Bitcoin ETFs for its clients. The Group gave a GreenLight to BlackRock, Fidelity, Bitwise, and Franklin ETFs. The $30B RIA selected the ETFs based on asset growth, volume, and cost. According to reports, Carson Group, a US-based registered investment advisor (RIA) with a $30 billion volume on its platform, has offered four spot Bitcoin ETFs for its clients. Out of the recently approved ETFs, the group gave a GreenLight to BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF. JUST IN – $30 billion RIA platform Carson Group has approved to offer these four spot #Bitcoin ETFs to their clients: – BlackRock – Franklin – Bitwise – Fidelity — Bitcoin Magazine (@BitcoinMagazine) February 23, 2024 Commenting on the recent ETF approval for clients, Carson Group’s vice president and investment strategist, Grant Engelbart, h...

The Chuck Norris price is up almost 2%, with trading volume soaring 175% as CHUCK trades for $0.007594 as of 3:55 a.m. EST time. This altcoin has recorded a series of higher highs for the past few days, accompanied by soaring trading volume. With both price and trading volume rising, this points to growing interest in the asset. With the surge, CHUCK token has merited the list of trending cryptos of the day, standing alongside Dymension (DYM), Orchid (OXT), Pangolin (PNG), Starknet (STRK), and JasmyCoin (JASMY). Here are the trending #Cryptos of the day!✨ ✅Dymension ( $DYM ) – @dymension ✅Chuck Norris ( $CHUCK ) – @ChuckOnSol_ ✅Orchid ( $OXT ) – @OrchidProtocol ✅Pangolin ( $PNG ) – @pangolindex ✅Starknet ( $STRK ) – @Starknet ✅JasmyCoin ( $JASMY ) – @JasmyMGT Do you hold any?🧐 pic.twitter.com/vk5Tyx1TAO — TheNewsCrypto (@The_NewsCrypto) February 23, 2024 CHUCK token is barely two weeks ...

Despite the broader crypto currency market experiencing losses in the previous days, several crypto s managed to break away from this pattern and post gains during the same period. Finbold’s crypto currency market Analysis has highlighted three digital assets that have caught attention because of recent price movements, increased investor interest, or outside events that influenced their price. These selections present appealing investment opportunities for the upcoming week, particularly for investors seeking entry points below $1 per coin or token. Picked for you ‘Face-ripping rally’ coming for XRP, say experts 19 mins ago This AI token is witnessing sky-high on-chain activity, 90% price rally in a week 2 hours ago How much money does Bernard Arnault make a second? 2 hours ago Buy signal for 2 oversold cryptocurrencies this week 17 hours ago SingularityNet (AGIX) price SingularityNET (AGIX) is a decentralized platform that democratize...