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Daily #Web3 Market

1 Aug 2024




Ethereum ETFs could reach $10B AUM in first year: Sygnum Bank

Ethereum ETFs could accumulate up to $10 billion in assets under management (AUM) within their first year, according to Sygnum Bank. This projection follows positive net flows and increasing interest in Ethereum investment products. Read more


Coinbase L2 Base hosts 80% of active Uniswap traders — Token Terminal

Coinbase’s Layer 2 solution, Base, is now home to approximately 80% of Uniswap’s active traders. This significant adoption highlights the growing interest in decentralized exchanges and Layer 2 technologies. Read more


Bybit introduces Indian digital rupee CBDC payment option

Bybit has launched a new payment option allowing users to transact using the Indian digital rupee (CBDC). This initiative aligns with the Reserve Bank of India’s digital currency advancements. Read more


Nvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’

Nvidia’s stock surged by 11% following its presentation at SIGGRAPH, where the company showcased innovations in robotics and artificial intelligence. Read more


BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits

BNB Chain’s total value locked (TVL) decreased by 24% in the second quarter, yet key metrics saw double-digit growth, indicating a complex but resilient ecosystem. Read more


Is Bitcoin Poised for a September Price Surge? What Traders Need to Know

Analysts speculate that Bitcoin may experience a price surge in September, with market trends and investor behavior pointing towards a potential uptick. Read more


Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens

A hedge fund manager predicts that Bitcoin’s price could skyrocket to $428,000 under certain market conditions, highlighting the potential for significant growth. Read more


Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000

According to Elliot Wave Theory, Bitcoin’s price may drop below $40,000, driven by market patterns and investor sentiment. Read more


Grayscale Ethereum ETF suffers nearly $2 billion outflow since debut

Grayscale’s Ethereum ETF has seen nearly $2 billion in outflows since its launch, indicating a challenging start for the investment product. Read more


Ethereum ETF flows turn positive as BlackRock fund logs $118 million inflows

BlackRock’s Ethereum ETF has recorded $118 million in inflows, marking a positive turn for Ethereum ETF investments. Read more


Grayscale Launches Mini Spot Bitcoin ETF at ‘Ultra-Low’ 0.15% Fee

Grayscale has introduced a Mini Spot Bitcoin ETF with an ultra-low fee of 0.15%, aiming to attract cost-conscious investors. Read more


The Protocol: Bitcoin Gets Political as U.S. Government Ponders Airdrops

The U.S. government’s consideration of Bitcoin airdrops as part of strategic initiatives has sparked political discussions around cryptocurrency. Read more


BlackRock adds $4.1 million of its IBIT spot Bitcoin ETF to two funds

BlackRock has added $4.1 million worth of its iShares Bitcoin Trust (IBIT) shares to two of its funds, including $3.6 million to the BlackRock Strategic Income Opportunities Portfolio (BSIIX). Read more


Metaplanet to invest additional ¥250 million in Bitcoin amid staggering stock growth

Japan-based Metaplanet plans to purchase an additional ¥250 million ($1.6 million) worth of Bitcoin, continuing its aggressive Bitcoin acquisition strategy. Read more

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