Author: Digicoinvision
Animoca Brands co-founder and executive chair Yat Siu believes that a resurgence in the NFT sector could push Ethereum to all-time highs, surpassing its previous peak during the 2021 bull run.In a July 21 post on X, Siu highlighted the historical relationship between Ethereum’s price and NFT market activity. He noted that Ethereum last hit its all-time high of around $4,800 in November 2021, the peak of the NFT boom.Since then, both Ethereum and the broader NFT sector have faced a prolonged downturn.However, signs of a revival are emerging, with blue-chip NFT collections like CryptoPunks recently seeing double-digit floor price…
Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a 12-day streak that attracted $6.6 billion of inflows.The largest outflow was from ARK Invest’s ARKB, which shed $77.46 million in a single day. Grayscale’s GBTC followed with $36.75 million in outflows, while Fidelity’s FBTC lost $12.75 million, according to data from SoSoValue.Bitwise’s BITB and VanEck’s HODL also posted moderate outflows of $1.91 million and $2.48 million, respectively. BlackRock’s IBIT, the largest fund by net assets ($86.16 billion), saw no inflows or outflows.Meanwhile, cumulative net inflows remain robust at $54.62 billion and…
Strategy, the world’s largest corporate holder of Bitcoin, is launching a new type of stock offering to raise additional funds for further investment in the cryptocurrency.Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).Strategy will use the net proceeds for “general corporate purposes, including the acquisition of Bitcoin and for working capital,” it announced on Monday.Unlike previous offerings, the STRC Stock will accumulate cumulative dividends at a variable rate on the stated amount of $100 per share. The initial monthly regular dividend will…
The Pudgy Penguins project has had a massive rally over the past week, stealing the spotlight in both the non-fungible token (NFT) and memecoin sectors. Amid its recent performance, some analysts suggest that the token is preparing for a 140% run to new highs. Related Reading Pudgy Penguins Catch NFT And Memecoin Rally On Monday, Pudgy Penguins (PENGU) became one of the leading memecoins after surging nearly 20% in the past 24 hours. The Solana-based token saw its price climb from the $0.031 mark to a six-month high of $0.040 before retracing to the $0.036 area. Pudgy Penguins is one…
Greetings, Ethereum builders and enthusiasts! We’re thrilled to announce that ticket sales for the Devconnect Cowork in Istanbul are now open! 🥳 You can get your tickets here,and also see that our website got a fresh new makeover! 💅 Come back here right after you snagged your ticket, to learn more about the Devconnect Cowork, planning your trip to Istanbul, and what to expect from the Devconnect schedule. The Legendary Devconnect Cowork 💻🦄 The concept of Devconnect works only because of the independent teams that organize events during Devconnect week. One thing we (the Devconnect team) are aiming to do…
Key Takeaways Announcement of the ENA treasury company saw the price climb past the $0.5 resistance level. The daily buying, combined with the market demand, could be enough to drive the rally even higher in the coming weeks. Ethena [ENA] announced the formation of a new Ethena treasury company, StableCoinX Inc. recently. In a post on X, Ethena Labs explained that they have raised $360 million to purchase ENA. They will also seek to list their stock on Nasdaq under the symbol USDE. Starting on Monday, 21 July, $5 million worth of ENA will be bought daily over the course…
Trump Media experienced a notable uptick in its stock price (DJT) on Monday, closing up 3% after an intraday rise exceeding 5% to reach $19,25 per share. This surge followed the company’s announcement that it had invested $2 billion in Bitcoin (BTC). Two-Thirds Of Assets To Bitcoin Treasury The media group, which encompasses President Donald Trump’s social media platform Truth Social, the streaming service Truth+, and the financial services brand Truth.Fi, revealed that the recent cryptocurrency purchases align with a strategy initially outlined in May to establish a Bitcoin treasury. According to Trump Media, these Bitcoin assets now represent two-thirds…
A hacker-turned-defender warns that most of the industry is asleep on crypto’s existential threat: quantum computing.David Carvalho, CEO of post-quantum infrastructure firm Naoris Protocol, began hacking at the age of 13, experimenting with spam emails to attract job offers and gain attention from employers. Eventually, that curiosity shifted into formal cybersecurity work, where he used the same skills to defend systems instead of probing them. Today, he builds quantum-resilient systems for decentralized networks and claims that the cryptographic foundations of blockchains like Bitcoin and Ethereum are dangerously outdated.“The cryptography behind nearly every chain is as weak as the rest of…
Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a 12-day streak that attracted $6.6 billion of inflows.The largest outflow was from ARK Invest’s ARKB, which shed $77.46 million in a single day. Grayscale’s GBTC followed with $36.75 million in outflows, while Fidelity’s FBTC lost $12.75 million, according to data from SoSoValue.Bitwise’s BITB and VanEck’s HODL also posted moderate outflows of $1.91 million and $2.48 million, respectively. BlackRock’s IBIT, the largest fund by net assets ($86.16 billion), saw no inflows or outflows.Meanwhile, cumulative net inflows remain robust at $54.62 billion and…
Ethereum’s rising market share, regulatory clarity, and whale activity signal a possible shift, as Bitcoin dominance slides and institutional interest shifts. According to insights shared by QCP Capital on X on July 21, Bitcoin (BTC) dominance has slipped from 64% to 60%, while Ethereum’s (ETH) share of the total crypto market has climbed from 9.7% to 11.6%. These shifts are accompanied by a rise in institutional capital flows and altcoin activity, raising the question of whether altcoin season is back. Altcoin season, often referred to as “altseason,” describes a phase when alternative cryptocurrencies outperform Bitcoin across key performance and market…