You searched for SEC - Page 144 of 348 - Crypto Intelligence News

Top SHIB Holders Revealed: Burn Address Dominates, Whales Shift Billions, and Shibarium Upgrade Looms

An Arkham Intelligence report unveils the current top 10 holders of SHIB, with the burn SHIB address reigning supreme, holding a staggering 410,418,816,901,215.06 SHIB, valued at over $10 billion, comprising 41% of the total Shiba Inu supply.

Following closely behind is Crypto.com, holding 37,570,344,005,265.1 SHIB, equating to 3.76% of the supply and valued at $968,560,000.

However, this wallet’s online connectivity exposes it to potential security risks.

Third on the list is a Binance cold wallet, possessing 35,000,000,000,000 SHIB, totaling $902,300,000. Robinhood’s cold wallet trails shortly after, securing 31,753,251,930,362.97 SHIB, valued at $818,600,000.

The Shib team’s wallet rounds out the top 10, holding 6,397,162,264,908 SHIB, worth $164,920,000.

In a significant development, cryptocurrency whales have moved nearly 17 billion SHIB coins in recent hours, predominantly from Kraken to OKX.

Meanwhile, an upcoming “hard fork” for Shibarium, scheduled on May 2, promises faster block production and more predictable transaction fees.

Despite this, there’s no mention of the automated burn mechanism tested on the Puppynet testnet since January.

SHIB burns continue manually, primarily by the SHIB army, with occasional involvement from the developer team, funded by BONE collected from Shibarium transaction fees.

However, over the past 24 hours, the burn rate has seen a significant decline, with only 4,422,643 SHIB removed from circulation, marking an 88.96% decrease.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Dogecoin and Shiba Inu Show Varied Performance Amidst Upcoming Developments: Analysts Remain Bullish

Blockchain News/Crypto News Today

In the realm of meme coins, Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD) have exhibited varied performance over the past month, yet analysts hold positive expectations for these tokens owing to imminent fundamental advancements.

Shiba Inu made headlines with its forthcoming Shibarium upgrade, slated for May 2, aimed at refining user experience and unlocking advanced functionalities within the network.

This enhancement seeks to streamline block processing times and ensure transaction fee predictability, thus rendering the platform more user-friendly and cost-effective.

Suggestions from community members, including trader Lola, advocate for integrating auto-burn features into this upgrade to bolster the token’s utility and appeal.

Concurrently, attention has been drawn to significant whale activity in the Dogecoin sphere, with two substantial transactions involving over 228 million DOGE each—totaling $68.7 million—transferred from an undisclosed wallet to Coinbase.

These wallet addresses, dormant since Coinbase’s initial Dogecoin listing in June 2021, indicate renewed activity, potentially hinting at forthcoming developments such as DOGE futures listing on Coinbase.

Institutional adoption of meme coins is gaining traction, as reflected in Shiba Inu’s inclusion in the Symbolic Capital Partners portfolio, representing 2% ($1.7 million) of their $86 million holdings, according to Arkham Intelligence data.

This trend suggests a burgeoning interest among institutional investors in meme coins, which could propel market valuation upward over time.

Cryptocurrency trader Kevin has analyzed Dogecoin’s historical performance, pinpointing potential price targets of 0.95 and 1.35 for the ongoing bull cycle.

However, he notes that reaching the current 1.618 Fibonacci extension at $3.80 may pose a challenge.

With transformative upgrades on the horizon for Shiba Inu and noteworthy whale activity indicating potential developments for Dogecoin, investors and traders maintain an optimistic outlook on the future trajectories of these meme coin frontrunners.

As of the latest update, DOGE was trading at $0.1489, marking a 21.4% decline over the past 30 days, while SHIB was trading at $0.00002523, reflecting an 18.4% decrease over the same period.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

World of Dypians Offers Up to 1M $WOD and $225,000 in Premium Subscriptions via the BNB Chain Airdrop Alliance Program

Press Releases

Tortola, BVI, May 1st, 2024, Chainwire

World of Dypians (WOD) – an immersive, revolutionary MMORPG available on Epic Games, is on an exclusive list of top-tier projects participating in BNB Chain’s Airdrop Alliance Program, chapter 2. The metaverse platform announced it offers up to 1,000,000 WOD tokens and $225,000 in Premium Subscriptions as rewards for eligible users across all its 4 campaigns, which are spread across May and June.

What is the Airdrop Alliance Program on the BNB Chain?

BNB Chain has started the Airdrop Alliance Program in collaboration with handpicked, high-profile projects to conduct airdrops for retroactive users on the BNB Smart Chain (BSC) and its parallel chain, opBNB. The program aims to connect top projects that have yet to issue tokens with the broad BNB Chain community, which has the opportunity to earn more rewards by participating in these projects’ campaigns.

The first chapter of the Airdrop Alliance Program concluded in April and saw the distribution of 6.1 billion points and 6.9 million tokens to the BNB Chain community. The organizers estimate that over 500,000 users have participated in the event so far. Moreover, their ranks are bound to grow during the second chapter, increasing the overall value of rewards.

In BNB’s announcement The BNB Chain Core Development Team stated: “The second chapter of the Airdrop Alliance has a core objective of enhancing community engagement and expressing gratitude to the BNB Chain community for their support towards BSC and opBNB. After the success of the first batch, we look forward to working with leading ecosystem projects to launch chapter 2.”

BNB Chain recently announced the start of the second chapter of its Airdrop Alliance Program with the eligibility criteria:

Level 1: Users must migrate at least 1 BNB from the Beacon Chain to BSC using this Stake Migration tool or stake at least 1 BNB on BSC. Only a snapshot taken on May 15, 2024, at 00:00 UTC, will be considered valid.
Level 2: Stake at least 5 BNB on BSC. Similarly, the snapshot should be May 15, 2024, at 00:00 UTC.

Participants can read more about the rules and join the BNB Chain Airdrop Alliance Program here.

The partnership between the BNB Chain and projects like World of Dypians participating in the Airdrop Alliance Program fosters active engagement within the BNB Chain community. More importantly, it helps projects build awareness and support ahead of their token generation events (TGE).

World of Dypians Campaigns within the Airdrop Alliance Program

World of Dypians is proud to be part of the 7 projects within Chapter 2 of the Airdrop Alliance Program. To this end, it designed 4 campaigns between May and June that engage users with fun and unique tasks, giving them the chance to win WOD tokens and premium subscriptions worth up to $100 each. The first campaign begins on May 1, with the last one ending on June 28.

Regarding BNB Chain retroactive users, the project will allocate 100,000 WOD Tokens for Level 1 and another 100,000 WOD Tokens for Level 2. The rewards will be distributed around the TGE event.

The eligibility rules for the 4 World of Dypians campaigns are as follows:

1. Entry Campaign: May 1â€” May 15

Participants can join the campaign here, where they must complete these 2 tasks:

Create a game account on World of Dypians.
Open at least 1 in-game Daily Bonus Chest.

All participants completing these tasks will be eligible to win a share of the 100,000 WOD Tokens prize pool, and the number of winners will be unlimited.

The Daily Bonus is available on BNB Chain & opBNB. Users need to sign the transaction to open the chest on the daily bonus section in the My Account section on their WOD dashboards. The rewards will be distributed around the TGE event.

2. Daily Game Delight: May 15 â€” May 29

Participants can join the campaign here, where they must complete these 2 tasks:

Login or create a game account on World of Dypians.
Open at least 5 in-game Daily Bonus Chests.

The Daily Bonus Chests allow participants to win a share of the 150,000 WOD Tokens and 500 premium subscriptions worth $100 each.

The project will organize a raffle to determine the winners, specifying that the winners of the token giveaway will not be the same as the winners of the premium subscription. The winners will be announced 15 days after the event ends, and the rewards will be distributed around the TGE event.

3. Dypians Discovery Quest: May 29 â€” June 12

Participants must complete these 2 tasks:

Login or create a game account on World of Dypians.
Open at least 10 in-game Daily Bonus Chests.

Participants who complete these two tasks qualify for the 200,000 WOD Tokens and 750 premium subscriptions worth $100 each in the prize pool.

The project confirmed that 750 WOD token winners and 750 premium subscription winners will be selected through a raffle. Similar to the second campaign, the token giveaway winners will not be the same as the premium subscription winners. The winners will be announced 15 days after the event ends, and the rewards will be distributed around the TGE event.

4. BNB Chain Game Expedition: June 12 â€” June 28

The last WOD campaign engages participants with 4 tasks:

Login or create a game account on World of Dypians.
Mint one BNB Chain Beta Pass NFT to gain exclusive access to the game.
Download World of Dypians on Epic Games.
Participate at least once in the BNB Chain Treasure Hunt event.

Participants completing these tasks will be eligible to win a share of the 350,000 WOD Tokens and 1,000 premium subscriptions worth $100 in each prize pool.

There will be 1,000 WOD token winners, and 1,000 premium subscription winners selected through a raffle. The winners of the token giveaway will not be the same as the winners of the premium subscription. Winners will be announced 15 days after the event ends, and the rewards will be distributed around the TGE event.

About World of Dypians

World of Dypians (WOD) is an MMORPG designed by Dypius that features advanced AI, cutting-edge graphics, and immersive gameplay. The game occurs in a virtual world that abounds in engaging quests and adventures. This AI-powered virtual universe also hosts some of the biggest brands in crypto, including the BNB Chain area. Participants in the BNB Chain Airdrop Alliance Program should visit it, especially when trying to win a share of the WOD campaign 4 rewards.

World of Dypians can be downloaded from the Epic Games Store. It is compatible with Windows OS and available as a desktop application, so users only require a PC or laptop to download and play it.

World of Dypians invites all gamers and crypto enthusiasts to join its campaigns within the BNB Chain Airdrop Alliance Program and qualify for a chance to win exciting rewards. The game’s first out of four campaigns begins on May 1, and participants can learn how to create an account here.

World of Dypians has a dedicated area where participants can join the BNB Chain Airdrop Alliance Program here.

Contact

Gazmend Mici
gazmend.mici@dyp.finance
check@check.com

UK Authorities Granted Expanded Powers to Combat Crypto Crime, Including Asset Seizure Without Arrest

Blockchain News/Crypto News Today

The United Kingdom’s National Crime Agency (NCA) and police have been granted expanded authority to deal with cryptocurrency used for illicit activities, including the power to “seize, freeze, and destroy” such digital assets.

Under the new regulations, law enforcement in the UK will no longer need to make an arrest prior to confiscating crypto holdings.

In a statement released by the UK Home Office, it was disclosed that police can now also seize materials such as passwords or memory sticks that could assist in ongoing investigations.

Additionally, UK law enforcement will have the capability to eliminate a crypto asset if reintroducing it into circulation is deemed harmful to the public interest.

Effective from April 26, the new laws authorize the police to transfer seized illicit cryptocurrency to wallets under their control, with provisions for crime victims to seek reimbursement from their crypto accounts.

UK Home Secretary James Cleverly emphasized the necessity of preventing criminals from profiting from illegal activities, citing the use of cryptocurrency fundraising by various groups as a key driver behind the introduction of these enhanced police powers.

Cleverly underscored the potential national security implications, citing instances where terrorist organizations like Daesh have been known to finance their operations through crypto transactions, highlighting the importance of enabling agencies to more effectively strip them of their assets.

The enactment of these regulations follows the passage of a crime bill by the UK parliament in 2023, which facilitated the swift seizure of cryptocurrency assets.

Privacy coins were singled out in the press release as being particularly detrimental to the public good.

While cryptocurrencies like Bitcoin (BTC) and Ether (ETH) offer pseudo-anonymity through public ledgers, privacy coins afford users a higher degree of anonymity.

Despite the anonymity associated with wallet addresses, it was noted that once linked to an individual’s identity through procedures like Know Your Customer (KYC), all transactions conducted through that wallet can be traced and identified.

The announcement acknowledged that cryptocurrencies and nonfungible tokens (NFTs) have been exploited by drug dealers and fraudsters, leading to various investigations.

However, the new measures aim to curtail the exploitation of crypto for illicit purposes while fostering its legitimate potential to drive economic growth.

This concerted effort to regulate crypto is not unique to the UK, as evidenced by recent actions taken by law enforcement globally, including the arrest of the founders of Bitcoin mixer Samourai Wallet in the United States on charges of conspiracy to commit money laundering on April 24.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

DOJ Opposes Dismissal Motion for Tornado Cash Co-founder Amid Crypto-Mixing Crackdown

Blockchain News/Crypto News Today/DeFi

The United States Department of Justice (DOJ) has opposed a motion seeking to dismiss conspiracy and money laundering charges against Roman Semenov, co-founder of Tornado Cash.

The DOJ contended that the defense’s motion introduced disputed facts best left for jury consideration, arguing it was premature for early-stage motions.

In response, DOJ prosecutors scrutinized the alleged crimes attributed to Semenov.

They contested the defense’s portrayal of Tornado Cash, highlighting its inception in 2019 as a crypto mixer service, comprising a website, user interface, smart contracts, and a network of “relayers.”

Accusing Roman Storm and co-developer Roman Semenov of conspiring to commit money laundering, operating an unlicensed money transmitter, and violating sanctions, U.S. authorities alleged that Tornado Cash facilitated funds laundering for entities like North Korea’s Lazarus Group.

While Storm pleaded not guilty to all charges in September 2023 and was released on a $2 million bond, Semenov clarified his role, stating he contributed to code design but disclaimed accountability for its usage.

Semenov’s legal team emphasized in their motion to dismiss that Tornado Cash doesn’t function as a custodial mixing service and doesn’t meet the criteria of a “financial institution.”

They argued Storm lacked control over the service to prevent its misuse by entities like Lazarus Group.

Prosecutors led by Damian Williams countered, holding Semenov accountable for operating the cryptocurrency mixer and accused him of enabling criminal anonymity.

They criticized Tornado Cash’s co-founders for failing to implement sufficient changes to exclude sanctioned addresses.

These developments coincide with the U.S. government’s heightened scrutiny of crypto-mixing services.

Recently, on April 24, the CEO and CTO of Samourai Wallet, another cryptocurrency mixer, were arrested and charged with conspiracy to commit money laundering and operating an unlicensed money transmitting business, each carrying a maximum sentence of 20 and five years, respectively.

Ki Young Ju, CEO of CryptoQuant, noted that crypto mixing services aren’t inherently criminal, responding to the arrests of Samourai Wallet’s founders.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Grow Your Income Stream with ARKMining’s Cloud Mining and Referral Program

Blockchain News/Press Releases

The cryptocurrency market is experiencing a banner year in 2024! Digital assets across the board are surging, with established players like Bitcoin and Ethereum reaching new heights. But this boom isn’t just for early adopters. Even if you’re new to the crypto scene, there are ways to participate in this exciting market.

That’s where cloud mining comes in. Traditional mining methods require expensive hardware and technical expertise, creating a significant barrier for many investors. Cloud mining removes these hurdles. It allows you to leverage the power of remote computing facilities to mine cryptocurrency without upfront costs or technical knowledge.

The future of cloud mining looks bright. As the popularity of cryptocurrency continues to grow, so too will the demand for accessible mining solutions. Cloud mining offers a convenient and potentially profitable way for individuals to participate in the crypto revolution.

In this blog post, we’ll explore how ARKMining can help you grow your income stream through its user-friendly platform and attractive referral program.

What is Cloud Mining and How it Works?

Cloud mining simplifies cryptocurrency mining by using powerful computers owned by companies that rent out their processing power. Unlike traditional mining, which requires substantial investment in equipment and technical expertise, cloud mining enables individuals to participate remotely for a fee. This fee grants users access to the company’s computing resources, allowing them to engage in mining activities without needing physical hardware or extensive technical knowledge.

While cloud mining offers accessibility and convenience, it comes with considerations. Shared computing power may result in smaller profits than owning personal mining rigs, and users must contend with fees charged by cloud mining companies. Despite these factors, cloud mining democratizes the mining process, making it accessible to a broader audience. However, before investing, potential participants should conduct thorough research to understand the costs, benefits, and risks associated with cloud mining.

How to Being Cloud Mining: A Step-by-Step Guide

The cryptocurrency market’s growth has sparked interest in cloud mining, a way to participate without the hefty costs and technical complexities of traditional mining.

But before you jump in, here’s a detailed roadmap to guide you through the process:

Step 1: Research and Choose a Cloud Mining Provider

Not all cloud mining companies are created equal. When considering a cloud mining provider, several factors demand attention.

Firstly, opt for established companies with a solid reputation, verified through online reviews and industry forums. Transparency is key; ensure the provider clearly outlines their pricing structure, hashing power options, and profit estimates to foster trust. Understanding all associated fees, including rental costs, maintenance fees, and withdrawal fees, is essential; compare fees across different providers for informed decision-making.

Additionally, scrutinize contract terms, including duration and termination clauses, as many cloud mining providers lock users into specific periods. Finally, exercise caution with profit projections, as unrealistic guarantees may not align with the volatile nature of cryptocurrency markets. Investors can navigate the cloud mining landscape more effectively by considering these factors meticulously.

ARKMining is one of the best platforms that meet all these criteria and is a go-to platform for beginners and experienced investors.

Advantages of ARKMining cloud mining platform:

Sign up and get a $50 bonus instantly.
High profitability levels and daily payouts.
There are no other services or administrative fees.
Users can generate more than 6 other currencies using the platform.
The company’s affiliate program allows you to refer friends and earn up to $2,000 in referral bonuses.
McAfee® security protection. Cloudflare® Security Protection.
Backed by a 100% uptime guarantee and excellent 24/7 technical support.

Step 2: Create an Account with Your Chosen Provider

Once you’ve selected a reputable cloud mining company, head over to their website and follow the instructions to create an account. This usually involves providing basic personal information and setting up a secure password. In the present case, ARKMining is the platform that does not ask you for too much. This means the sign-up process is straightforward. All you need is your email address, and you can start mining Bitcoins on the go.

Step 3: Choose a Cloud Mining Plan

Cloud mining providers offer various plans with different levels of hashing power. Hashing power essentially determines your potential mining output. Higher hashing power generally means a higher chance of earning cryptocurrency, but it also comes at a higher cost. Choose a plan that aligns with your budget and risk tolerance.

ARKMining also offers various mining contract options, such as $200, $600, and $1200 packages. Each has a unique ROI and a specific contract length.

Contract Price	Contract Terms	Fixed Return	Daily Rate
$50	1 Day	$50 + $1	2%
$200	1 Day	$200 + $5	2.50%
$600	3 Days	$600 + $29.70	1.65%
$1,200	5 Days	$1200 + $108	1.80%
$3,600	6 Days	$3600 + $410	1.90%

ARKMining‘s Affiliate Programs

With the recent introduction of an affiliate program by ARKMining, users now have the opportunity to earn money by referring others to the platform. This program enables individuals to generate income without making any investments themselves. By inviting a specified number of active referrals, users can unlock a fixed bonus of up to $2,000. Moreover, there’s no limit to the number of referrals one can make, offering unlimited earning potential to participants in the program.

Final Words

Cloud mining offers an enticing opportunity for passive income in cryptocurrency. It involves renting computing power from companies that own large-scale mining setups, allowing you to participate in mining without the hassle of managing hardware and technical complexities. Before diving in, it’s crucial to thoroughly research different cloud mining providers, considering factors like reputation, transparency, fees, and contract terms. ARKMining is a stand-alone platform for quality services and a unique referral program, so consider it while beginning your cloud mining journey.

For additional information on ARKMining, please visit their website at: https://arkmining.com

CBN Denies Alleged Crypto Directive; Confusion Ensues Amidst Regulatory Scrutiny

Blockchain News/Crypto News Today

The Central Bank of Nigeria (CBN) has refuted a report claiming it issued a directive mandating banks and financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges, placing such accounts on Post No Debit (PND) instruction for six months.

A “Post No Debit” (PND) instruction restricts certain transactions on a customer’s account, prohibiting debit transactions, including withdrawals and payments.

Initially denying the report, the CBN later retracted its denial, confirming the allegations were false.

The bank asserted its commitment to identifying and penalizing those engaging in illegal buying and selling of Tether, particularly through peer-to-peer (P2P) methods.

The purported circular also indicated that regulated financial institutions involved in crypto or facilitating payments for crypto exchanges are prohibited.

However, this conflicts with a previous ban lifted in December 2023, allowing banks to facilitate transactions for crypto exchanges.

The CBN lifted the ban nearly two years after implementing a comprehensive ban on banks’ involvement with digital currencies.

In a statement, the CBN acknowledged the global surge in demand and adoption of crypto, deeming it unjustifiable to maintain stringent restrictions on financial institutions as imposed in 2021.

However, amidst the rapid devaluation of the naira and an inflation rate of 29.9%, the government shifted focus to platforms offering cryptocurrency services.

It disabled websites associated with crypto trading, known for setting informal valuations for the naira.

Binance faced significant scrutiny when the CBN expressed concerns over “suspicious financial transactions” through Binance Nigeria in 2023.

CBN head Olayemi Cardoso disclosed that $26 billion had flowed through Nigeria via Binance in 2023 from unidentified sources and users.

Further complicating matters, Binance executive Tigran Gambaryan, based in the United States, was detained in Nigeria, facing five charges related to money laundering following discussions with Nigerian officials regarding Binance’s regulatory compliance.

Another executive, Nadeem Anjarwalla, who participated in these discussions, subsequently escaped custody and was tracked down in Kenya, facing extradition.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Shiba Inu Unveils Game-Changing Expansion Strategy: ShibaSwap Set to Conquer Ethereum and Shibarium Chains!

Blockchain News/Crypto News Today/DeFi

The Shiba Inu community’s expansion strategy for ShibaSwap marks a significant milestone in the development of the ecosystem.

Lucie’s announcement regarding the expansion to both Ethereum and Shibarium chains reflects a strategic move to broaden the platform’s reach and utility.

ShibaSwap, already a vital component of the Shiba Inu ecosystem, will now extend its services to encompass a wider range of users and tokens.

The inclusion of Ethereum and Shibarium brings several advantages to ShibaSwap.

Firstly, it strengthens the security infrastructure by leveraging the robust security protocols of these layer-1 blockchain networks.

Whether through Ethereum’s proof-of-work or proof-of-stake mechanisms or Shibarium’s own security features, the expansion bolsters the resilience of the ecosystem against potential threats.

Moreover, tapping into the Ethereum and Shibarium ecosystems enhances ShibaSwap’s interoperability, facilitating seamless interactions with other tokens, decentralized applications (dApps), and exchanges.

This interoperability opens up new avenues for users, enabling them to access a broader spectrum of services within the crypto landscape.

Additionally, the integration with layer-1 networks ensures that ShibaSwap remains deeply entrenched in the core infrastructure of the crypto space.

While layer-2 solutions offer faster transactions, the foundational processes of token creation and management primarily occur on layer 1.

By expanding to Ethereum and Shibarium, ShibaSwap ensures its continued relevance and centrality within the crypto ecosystem.

The reliance of SHIB, BONE, and LEASH tokens on layer-1 blockchains for security, interoperability, and fundamental token operations highlights the interconnected nature of different layers within the crypto landscape.

This expansion not only showcases Shiba Inu’s commitment to innovation but also paves the way for a new era of growth and opportunity within its ecosystem of tokens.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

DTCC Announces Exclusion of Collateral for Crypto ETFs, Impacting Market Dynamics

Bitcoin/Blockchain News/Crypto News Today

The Depository Trust and Clearing Corporation (DTCC), a key player in financial services offering clearing and settlement services, has declared its decision not to allocate any collateral to exchange-traded funds (ETFs) linked to Bitcoin or other cryptocurrencies, and will not extend loans against them.

Effective April 30, 2024, DTCC will enact alterations to collateral values for specific securities during its annual line-of-credit facility renewal, potentially impacting position values in the collateral monitor.

This announcement made on April 26 signifies that ETFs and analogous investment instruments backed by Bitcoin or other cryptocurrencies will be deprived of any collateral value, resulting in a complete reduction of 100% in their collateral value.

However, as cryptocurrency enthusiast K.O. Kryptowaluty elucidated in a post, this decision will solely affect inter-entity settlement within the line of credit system.

A line of credit represents a borrowing agreement between a financial institution and an individual or entity, permitting the borrower to access funds up to a predetermined credit limit, with interest typically applied solely to the borrowed amount.

According to Kryptowaluty, leveraging cryptocurrency ETFs for lending and as collateral in brokerage activities will proceed unaffected, contingent on the risk tolerance of individual brokers.

While DTCC has taken a stance against crypto ETFs, the sentiment is not mirrored across all traditional players.

Goldman Sachs’ clients have reentered the crypto market in 2024, propelled by revived interest post the approval of spot Bitcoin ETFs.

The debut of spot Bitcoin ETFs in the United States has ignited escalating institutional interest in this investment vehicle.

Within a mere three months of their introduction, all U.S.-based Bitcoin ETFs have amassed over $12.5 billion in assets under management.

In February, an estimated 75% of fresh Bitcoin investments stemmed from the 10 spot Bitcoin ETFs greenlit in the U.S. on Jan. 11.

Nevertheless, net inflows into the ETFs have recently decelerated. Various ETF issuers have reported substantial outflows of late.

As per Farside Investors, spot Bitcoin ETFs in the U.S. witnessed a net outflow of $218 million on April 25, following a $120 million outflow the prior day.

Grayscale’s GBTC ETF observed a notable single-day outflow of $82.4197 million. Data from Farside indicates a significant total net outflow from GBTC, tallying up to $17.185 billion.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

MetaWin Founder Launches $ROCKY Meme Coin on Base Network

Press Releases

London, United Kingdom, April 29th, 2024, Chainwire

An exciting new meme coin, $ROCKY, has recently debuted on the Base network. Skel.eth, the founder of MetaWin, launched the coin last weekend. Intriguingly, the coin is named after his Pomeranian, also named ROCKY.

Within just 30 hours of its release, $ROCKY achieved an impressive market cap of $4.6 million, and the MetaWin team is optimistic about further growth, fueled by the enthusiastic support of the MetaWin community.

“I launched it as an experiment ahead of our $MWIN token sale,” said Skel.eth, the founder of MetaWin and the creative force behind $ROCKY. “It is working out pretty well so far! We’ve learned a lot, and it’s great to see the community benefit financially. Despite my advice to cash in on their gains early, many have held onto their coins, and it’s taken on a life of its own, amazing really”.

Looking ahead, MetaWin plans to integrate $ROCKY into upcoming community competitions, thus enhancing its utility beyond that of a typical meme coin. These initiatives aim to cement $ROCKY’s role within the community and further validate the coin’s slogan: “MORE than a meme coin.”

With a solid foundation established by Skel.eth two years ago, MetaWin now boasts nearly 250,000 connected wallets and a seasoned team of 80 professionals specialising in Web3 technologies. This depth of expertise is expected to drive further innovation and success for $ROCKY.

Users can participate in $ROCKY daily competitions for free on BASE or with an NFT purchase. According to the Metawin team, all generated revenue will be utilised to purchase more $ROCKY immediately after the competition concludes, serving as a bonus for holders.

For the latest updates and to embark on the $ROCKY journey, please visit www.RockyCoinbase.com or X.com/rockycoinbase.

About MetaWin:

Founded by Skel.eth, MetaWin stands as the premier platform for on-chain prize competitions and instant win games, offering a diverse array of entertaining challenges for users. Through the utilisation of cutting-edge blockchain technology, MetaWin ensures a transparent, fair, and secure gaming environment, making it the preferred destination for blockchain enthusiasts and gamers alike.

At the forefront of Web3 innovation, MetaWin is supported by a robust community of 250,000 connected wallets. Renowned for its ability to craft impactful digital experiences, MetaWin remains dedicated to pushing the boundaries of the cryptocurrency landscape.

For more information, users can visit MetaWin.com.

Users can follow MetaWin on social media and join MetaWin’s community:

X| Instagram | Telegram | Discord

Contact

PR Team
Metawin
press@metawin.inc