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Apr 11, 2024 | 
coinnounce.com | Gauri pant |Layla Harding
Volume Surpasses $1.6 Trillion Amid Crypto Bull MarketBitget, a cryptocurrency exchange, has reported impressive growth in the first quarter of 2024, with futures and spot volume exceeding $1.4 trillion and $160 billion, respectively. This marks a significant increase from Q1 2023, where futures trading volume was $658 billion and spot trading volume was $59 billion. Expanding User Base and Product OfferingsThe exchange now boasts over 25 million users across its trading platform and Web3 wallet.
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Apr 11, 2024 | 
coinnounce.com | Saumil Kohli |Jai Pratap |Layla Harding
Pre-Halving Adjustments Increase Mining ChallengesThe Bitcoin mining difficulty has hit a new all-time high of 86.4 trillion, marking a significant increase ahead of the upcoming halving event. This adjustment, which took place on April 10, represents a 3.4% rise from the previous level of 83 trillion set on March 28. With the halving expected to occur in eight days, this adjustment is likely the last before the event that will reduce miner rewards by half.
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Apr 3, 2024 | 
coinnounce.com | Alexander Aryan |Jai Pratap |Layla Harding
Spot Bitcoin ETFs Experience Fluctuating OutflowsCathie Wood's ARK 21Shares Bitcoin ETF (ARKB) has experienced a record daily outflow of $87 million, surpassing Grayscale's Bitcoin Trust (GBTC) for the first time since the launch of spot Bitcoin ETFs in the United States. This marks the second consecutive day of outflows for ARKB, with a total loss of $300,000 in assets on April 1.
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Apr 3, 2024 | 
coinnounce.com | Layla Harding |Jai Pratap |Alexander Aryan
Nick van Eck Sets Sights on International Markets for AUSDNick van Eck, the son of Jan van Eck, CEO of the $90 billion asset management firm VanEck, is poised to launch a new U.S. dollar-backed stablecoin, Agora digital dollar (AUSD), following a successful $12 million funding round. The venture aims to carve out a niche in the competitive stablecoin market, focusing on transparency and trust in managing digital dollar assets.
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Apr 2, 2024 | 
coinnounce.com | Alexander Aryan |Jai Pratap |Layla Harding
Spot Bitcoin ETF Demand Cools Off After March PeakAfter a period of net outflows, the crypto market has seen a positive shift with net inflows of $862 million in the past week, compared to $931 million in net outflows the week prior. However, the enthusiasm for spot Bitcoin exchange-traded funds (ETFs) appears to be waning, with daily trading volumes dropping to $5.4 billion, a 36% decrease from the peak of $9.5 billion in early March.
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Apr 2, 2024 | 
coinnounce.com | Layla Harding |Jai Pratap |Alexander Aryan
Massive Airdrop Distributes ENA Tokens to ParticipantsEthena Labs has made headlines with its substantial airdrop, distributing $450 million worth of Ethena (ENA) tokens to participants. The largest recipient of this airdrop received a staggering 3.3 million ENA tokens, valued at nearly $2 million, according to on-chain data analyzed by Arkham Intelligence. The Ethena Labs airdrop went live 2 hours ago, with $450M of ENA to distribute.
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Apr 2, 2024 | 
coinnounce.com | Layla Harding |Jai Pratap |Saumil Kohli |Janet Sánchez
Phishing Thefts on Ethereum Layer-2 Chain Base SkyrocketEthereum layer-2 chain Base has experienced a staggering increase in funds stolen through phishing scams, with a nearly 1,900% surge since January. According to data from blockchain anti-scam platform Scam Sniffer, approximately $3.35 million was stolen on Base in March alone, marking a 334% increase from February and a significant rise from January's $169,000 loss.
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Feb 8, 2024 | 
coinnounce.com | Joyce Lang |Jai Pratap |Layla Harding
Darin Feinstein, founder of blockchain firms Core Scientific and Blockcap, asserts that spot Bitcoin exchange-traded funds (ETFs) offer unparalleled transparency and security compared to traditional commodities-based ETFs like gold ETFs.Feinstein believes that spot Bitcoin ETFs, which are physically backed and verifiably hold BTC, are safer investments due to the transparency provided by the Bitcoin network's immutable ledger.
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Feb 8, 2024 | 
coinnounce.com | Azeez Mustapha |Jai Pratap |Layla Harding
Wemade, a South Korean Web3 game developer, has refuted allegations of coin over-issuance fraud amid an investigation by the Seoul Southern District Prosecutors’ Office's financial investigation department. The allegations suggest that Wemade may have violated local reporting rules by withholding private keys from users. In an official announcement on Feb.
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Feb 8, 2024 | 
coinnounce.com | Layla Harding |Jai Pratap |Aubrey Hansen
Arm Holdings, a prominent British tech company renowned for its innovative chip designs, experienced a remarkable surge in its stock price, climbing over 30% following its optimistic sales and profit forecast for the current quarter. The company's bullish outlook is largely attributed to the escalating demand for its artificial intelligence (AI)-based technology solutions.
