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Crypto investment products near all-time high with $1.84 billion weekly net inflow
Crypto investment products near all-time high with $1.84 billion weekly net inflow

Global crypto ETPs see record trading volume matched by second-largest weekly flow.

Crypto Slate·2024/03/04 17:02
Spot ether ETF approvals remain uncertain, 'BlackRock always wins is lazy bull take', says crypto lawyer
Spot ether ETF approvals remain uncertain, 'BlackRock always wins is lazy bull take', says crypto lawyer

Legal issues make the denial of spot ether ETFs by May more likely than the general sentiment, according to crypto lawyer Jake Chervinsky.Opinions on the likelihood and significance of spot ether ETF approvals this year remain varied.

The Block·2024/03/04 15:31
Flash
  • 09:10
    DWF Labs Appoints Lingling Jiang as New Business Development Partner
    On October 30th, DWF Labs announced the appointment of Lingling Jiang, a two-year veteran of DWF Labs who has served as Regional Sales Director for Asia and Head of Hong Kong, to lead the company's business development efforts. According to Andrei Grachev, Managing Partner of DWF Labs, Lingling's years of experience and expertise in the industry will play a key role in shaping the company's strategic direction. In her new role, she will be involved in corporate decision-making, lead the business development strategy, and represent DWF Labs at global industry events. The news comes after DWF Labs fired former partner Eugene Ng in a sexual assault scandal, and has now removed his information from the team page on its website.
  • 09:07
    Bitwise CIO: Dollar Doesn't Need to Collapse for BTC to Reach $200,000
    On October 30, Bitwise Chief Investment Officer Matt Hougan said that even without a collapse of the U.S. dollar, Bitcoin's price could reach six figures due to increased investment in “store of value” assets and continued depreciation of fiat currencies, according to Cointelegraph. In an October 29th post, Hougan responded to a question from a financial advisor who asked if Bitcoin could reach a value of $200,000 without the collapse of the U.S. dollar. Hougan said that Bitcoin will succeed in establishing itself as “the new store of value asset” and that governments will continue to “abuse fiat currencies”. Hougan said that Bitcoin will succeed in establishing itself as “the new store of value” and that governments will continue to “misuse fiat currencies,” which will naturally lead to an increase in demand for hard assets such as Bitcoin. He noted that the total market capitalization of bitcoin is currently about 7-8 per cent of the market capitalization of gold, and that bitcoin could “mature” to half the total value of gold, making each bitcoin worth about $400,000. In addition, as governments abuse their control over the supply of fiat currency by printing money, more investors will be inclined to hold assets that are a store of value. If Bitcoin maintains only its 7 percent share relative to gold, and demand for Bitcoin alone triples, each Bitcoin would be worth $200,000. Hougan also says that if Bitcoin matures and the store-of-value market doubles, the value of Bitcoin could soon reach seven figures.
  • 09:06
    STIX Founder: Over $80 Million in TIA OTC Volume Since July
    On October 30, in response to tonight's unlocking of approximately 176 million TIA tokens (approximately 79.52% of the current liquidity, valued at approximately $900 million), Taran, founder of STIX, an OTC OTC platform, stated that based on the dynamics of the unlocking, a total of 92.3 million TIAs are expected to enter liquidity following the unlocking, consisting of tokens that are unpledged, tokens that are in the 21-day unpledged queue, and Approximately 24.1 million unrecorded tokens, with an expected maximum selling pressure of $460 million; Additionally, TIA trading volume through the OTC market including STIX is expected to be in excess of $80 million since July, and Taran believes that shorts will continue to reduce their positions, with the funding rate likely to reset to zero or positive on unlocking.
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