News
SoSoValue reported that the Bitcoin spot ETF experienced a net inflow of $15.7 million yesterday, reversing a five-day trend of net outflows. Meanwhile, the Grayscale ETF GBTC saw a significant net outflow of $350 million in just one day. The highest single-day net inflow among Bitcoin spot ETFs was observed in Fidelity's FBTC, at approximately $261 million, with BlackRock's IBIT following at about $35.48 million. Link
a16z Crypto has launched its Crypto Startup Accelerator Spring 2024 program in London this week, welcoming 25 startups. These include AminoChain, Collar Networks, Compass Labs, Hungry Cats Studio, Launcher, MagicBlock, NEBRA Labs, Neynar, NodeKit, Nosh, OpenLayer, OpenTrade, Playmint, Roux, Sablier, Scrypted, Spire, Strobe, Taralli Labs, Tata Bazaar, Tranched, Valyu Network and zkPassport. Link
Tether has unveiled a strategic expansion into AI, aiming to lead in developing open-source, multimodal AI models to establish new industry benchmarks. Additionally, Tether is launching a global recruitment campaign to attract top-tier talent for its growing AI division. Link
Projects
Fantom - The Fantom Foundation has unveiled Fantom Sonic, a new shared sequencer for L1 and L2 chains, capable of processing 2,000 transactions per second with sub-second finality. This marks a significant advancement from Opera's 200 TPS. The chain is set to launch in late summer or early autumn this year. Link
Ankr - Introduced the Neura blockchain, a dynamic marketplace designed to provide developers with scalable access to GPU resources. Neura will utilise ERC-404 tokens for fractional ownership of projects and employ ERC-7641 tokens to automate profit sharing from AI usage. Link
Reya Labs - Creators of the modular L2 Reya Network, have successfully raised $10 million in funding. The investment round saw participation from Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures and others. The Reya Network aims to enhance liquidity and capital efficiency for DeFi traders and liquidity providers. Link
Ripple - In a proposed final judgement submitted on Monday, the SEC requested Judge Analisa Torres to sanction an almost $2 billion fine. The focal point of the SEC's proposed judgement concerns direct sales to institutional investors. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
SoSoValue reported that the Bitcoin spot ETF experienced a net inflow of $15.7 million yesterday, reversing a five-day trend of net outflows. Meanwhile, the Grayscale ETF GBTC saw a significant net outflow of $350 million in just one day. The highest single-day net inflow among Bitcoin spot ETFs was observed in Fidelity's FBTC, at approximately $261 million, with BlackRock's IBIT following at about $35.48 million. Link
a16z Crypto has launched its Crypto Startup Accelerator Spring 2024 program in London this week, welcoming 25 startups. These include AminoChain, Collar Networks, Compass Labs, Hungry Cats Studio, Launcher, MagicBlock, NEBRA Labs, Neynar, NodeKit, Nosh, OpenLayer, OpenTrade, Playmint, Roux, Sablier, Scrypted, Spire, Strobe, Taralli Labs, Tata Bazaar, Tranched, Valyu Network and zkPassport. Link
Tether has unveiled a strategic expansion into AI, aiming to lead in developing open-source, multimodal AI models to establish new industry benchmarks. Additionally, Tether is launching a global recruitment campaign to attract top-tier talent for its growing AI division. Link
Projects
Fantom - The Fantom Foundation has unveiled Fantom Sonic, a new shared sequencer for L1 and L2 chains, capable of processing 2,000 transactions per second with sub-second finality. This marks a significant advancement from Opera's 200 TPS. The chain is set to launch in late summer or early autumn this year. Link
Ankr - Introduced the Neura blockchain, a dynamic marketplace designed to provide developers with scalable access to GPU resources. Neura will utilise ERC-404 tokens for fractional ownership of projects and employ ERC-7641 tokens to automate profit sharing from AI usage. Link
Reya Labs - Creators of the modular L2 Reya Network, have successfully raised $10 million in funding. The investment round saw participation from Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures and others. The Reya Network aims to enhance liquidity and capital efficiency for DeFi traders and liquidity providers. Link
Ripple - In a proposed final judgement submitted on Monday, the SEC requested Judge Analisa Torres to sanction an almost $2 billion fine. The focal point of the SEC's proposed judgement concerns direct sales to institutional investors. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
SoSoValue reported that the Bitcoin spot ETF experienced a net inflow of $15.7 million yesterday, reversing a five-day trend of net outflows. Meanwhile, the Grayscale ETF GBTC saw a significant net outflow of $350 million in just one day. The highest single-day net inflow among Bitcoin spot ETFs was observed in Fidelity's FBTC, at approximately $261 million, with BlackRock's IBIT following at about $35.48 million. Link
a16z Crypto has launched its Crypto Startup Accelerator Spring 2024 program in London this week, welcoming 25 startups. These include AminoChain, Collar Networks, Compass Labs, Hungry Cats Studio, Launcher, MagicBlock, NEBRA Labs, Neynar, NodeKit, Nosh, OpenLayer, OpenTrade, Playmint, Roux, Sablier, Scrypted, Spire, Strobe, Taralli Labs, Tata Bazaar, Tranched, Valyu Network and zkPassport. Link
Tether has unveiled a strategic expansion into AI, aiming to lead in developing open-source, multimodal AI models to establish new industry benchmarks. Additionally, Tether is launching a global recruitment campaign to attract top-tier talent for its growing AI division. Link
Projects
Fantom - The Fantom Foundation has unveiled Fantom Sonic, a new shared sequencer for L1 and L2 chains, capable of processing 2,000 transactions per second with sub-second finality. This marks a significant advancement from Opera's 200 TPS. The chain is set to launch in late summer or early autumn this year. Link
Ankr - Introduced the Neura blockchain, a dynamic marketplace designed to provide developers with scalable access to GPU resources. Neura will utilise ERC-404 tokens for fractional ownership of projects and employ ERC-7641 tokens to automate profit sharing from AI usage. Link
Reya Labs - Creators of the modular L2 Reya Network, have successfully raised $10 million in funding. The investment round saw participation from Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures and others. The Reya Network aims to enhance liquidity and capital efficiency for DeFi traders and liquidity providers. Link
Ripple - In a proposed final judgement submitted on Monday, the SEC requested Judge Analisa Torres to sanction an almost $2 billion fine. The focal point of the SEC's proposed judgement concerns direct sales to institutional investors. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
