Daily #Web3 Market

20 Aug 2024

Metaplanet bolsters Bitcoin holdings with additional 57 BTC

Tokyo-listed Metaplanet said it increased its Bitcoin holdings with the additional purchase of 57.273 BTC for ¥500 million (around $3.4 million), according to an Aug. 20 statement. This brings the firm’s total Bitcoin holdings to 360.368 BTC, worth ¥3.45 billion, equivalent to more than $23 million.  Read more

BlackRock’s IBIT boosts Bitcoin ETFs with $92.7 million inflow, total now $20.5 billion

Quick Take Bitcoin Data from Farside shows that Bitcoin ETFs experienced a net inflow of $62.1 million, marking the largest since Aug. 8. The primary contributor to this surge is BlackRock’s IBIT, which alone attracted an impressive $92.7 million, bringing its total net inflow to a staggering $20.48 billion.  Read more

Kaiko believes tokenized treasuries will retain appeal amid expected Fed rate cuts

Research firm Kaiko believes that tokenized Treasuries will continue to attract investors, even in the face of anticipated US Federal Reserve rate cuts, which can often diminish the appeal of fixed-income assets. Read more

Rumors Harris eyeing Gensler for Treasury denied as DNC skips adding Bitcoin in platform

Vice President Kamala Harris is reportedly considering nominating SEC chair Gary Gensler as Treasury Secretary under her administration if elected president, the Washington Reporter claimed on Aug. 19, citing “multiple senior Senate staffers.” However, some in the industry claim the rumors are unfounded, and such a nomination is unlikely to go through.  Read more

State Street Selects Taurus for Crypto Custody, Tokenization

The bank will start with tokenization and plans to offer digital asset custody once the U.S. regulatory environment improves. Read more

Bitcoin Pops Over $61K, XRP Leads Gains Among Majors

Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium. Read more

Why DePIN Is Taking Off Now

DePIN has existed for a few market cycles, with early successes in digital infrastructure networks like Helium and Golem. Now, half a decade later, it is taking off, as seen by a surge in product launches and new DePIN-dedicated funds. Outlier Ventures’ Jasper De Maere, asks: Why now? Read more

Bitcoin Staking Platform Babylon to Start Phased Mainnet Launch This Week

Allnodes, Figment and Galaxy Digital are among the finality providers. Read more

Bitwise Acquires London-Based ETP Provider ETC Group to Enter Europe

The acquisition of ETC Group's $1 billion in assets under management takes Bitwise's AUM above $4.5 billion. Read more

Tether mints another $1B USDT on Tron network

Tether mints $1 billion USD on Tron, pushing its total tokens minted in the last year to 33 billion. Read more

Crypto super PAC Fairshake just lost a billionaire Dem donor: Report

Top Democratic Party donor Ron Conway has split from pro-crypto Fairshake PAC after it pledged to back a Republican candidate without his knowledge. Read more

Analysts optimistic as liquidity ticks and Bitcoin ‘forced selling’ is over

Bitcoin’s major sell-offs are over and now analysts see the US election and global liquidity as the next big drivers for Bitcoin. Read more

Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT

Bitcoin’s price consolidation could convince traders that it's time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph's radar. Read more

Ethereum DApp volumes drop 33% in a week — Is more ETH price weakness ahead?

Ethereum’s dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price? Read more

Solana ETF ‘still in play’ despite Cboe filing removal — VanEck exec

VanEck is still advocating for its Solana ETF with regulators, said Matthew Sigel. Read more

Bitcoin pinned below $60K — Is BTC consolidating or preparing for more downside?

Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Read more

Decentralized Web3 AI firm Theoriq joins Google startup accelerator

The partnership looks to scale Theoriq’s platform for artificial intelligence agents. Read more

Price analysis 8/19: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

The S&P 500 Index is nearing its all-time high, but Bitcoin is struggling to rise above $60,000, pointing to further underperformance in the near term. Read more

VanEck’s Solana ETF Plans Remain Active Despite Cboe’s Filing Removal

VanEck remains committed to its Solana ETF, actively engaging with regulators, according to Matthew Sigel. Read more

Bitcoin Tapped 6-Day High Above $61K, Ripple Jumps 6% Daily (Market Watch)

Aside from XRP, the other notable gainers from the larger-cap alts include BNB, TRX, and AVAX. Read more