News
On April 9th, the total net outflow from Bitcoin spot ETFs amounted to $19.48 million. Specifically, Grayscale's ETF experienced a single-day net outflow of $154 million, while BlackRock's ETF saw a single-day net inflow of $128 million. Link
The Chief Executive Officer of Marathon, the biggest Bitcoin mining firm, stated that the market might have already accounted for the Bitcoin halving to some degree. Following the halving, this mining company can remain profitable with Bitcoin priced at $46,000. Link
In the early hours of April 10th, the Hong Kong Securities and Futures Commission quickly updated the roster of virtual asset management funds. According to Tencent News, it intends to unveil the initial list of Hong Kong's four Bitcoin spot ETFs on April 15th. Subsequently, the Hong Kong Stock Exchange will spend roughly two weeks readying the product for launch. Link
According to Bloomberg, Brevan Howard Digital, a division of the hedge fund manager Brevan Howard, experienced a 34.5% increase to $1.7 billion in the first quarter of this year. Link
Projects
Uniswap - On Wednesday, Uniswap was served with a Wells Notice, indicating a formal notification of a possible lawsuit from federal regulators. Link
Sushi - A contentious proposal concerning the Sushi DAO treasury has succeeded in an initial signal vote. The governance proposal recommends the transfer of over $40 million in assets controlled by the DAO to a new vault that would be managed by Sushi Labs. Link
Stepn - The protocol has been awarding bonus points that could be valued at approximately $30 million if converted to GMT tokens. The move-to-earn application has stated it is close to revealing a partnership with a leading footwear and clothing brand. Link
Ethena - Ethena's stablecoin, USDe, has exhibited swift expansion, achieving a supply of $2 billion in just over 100 days, surpassing the growth rates of other stablecoins such as USDT, USDC and DAI. 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
On April 9th, the total net outflow from Bitcoin spot ETFs amounted to $19.48 million. Specifically, Grayscale's ETF experienced a single-day net outflow of $154 million, while BlackRock's ETF saw a single-day net inflow of $128 million. Link
The Chief Executive Officer of Marathon, the biggest Bitcoin mining firm, stated that the market might have already accounted for the Bitcoin halving to some degree. Following the halving, this mining company can remain profitable with Bitcoin priced at $46,000. Link
In the early hours of April 10th, the Hong Kong Securities and Futures Commission quickly updated the roster of virtual asset management funds. According to Tencent News, it intends to unveil the initial list of Hong Kong's four Bitcoin spot ETFs on April 15th. Subsequently, the Hong Kong Stock Exchange will spend roughly two weeks readying the product for launch. Link
According to Bloomberg, Brevan Howard Digital, a division of the hedge fund manager Brevan Howard, experienced a 34.5% increase to $1.7 billion in the first quarter of this year. Link
Projects
Uniswap - On Wednesday, Uniswap was served with a Wells Notice, indicating a formal notification of a possible lawsuit from federal regulators. Link
Sushi - A contentious proposal concerning the Sushi DAO treasury has succeeded in an initial signal vote. The governance proposal recommends the transfer of over $40 million in assets controlled by the DAO to a new vault that would be managed by Sushi Labs. Link
Stepn - The protocol has been awarding bonus points that could be valued at approximately $30 million if converted to GMT tokens. The move-to-earn application has stated it is close to revealing a partnership with a leading footwear and clothing brand. Link
Ethena - Ethena's stablecoin, USDe, has exhibited swift expansion, achieving a supply of $2 billion in just over 100 days, surpassing the growth rates of other stablecoins such as USDT, USDC and DAI. 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
On April 9th, the total net outflow from Bitcoin spot ETFs amounted to $19.48 million. Specifically, Grayscale's ETF experienced a single-day net outflow of $154 million, while BlackRock's ETF saw a single-day net inflow of $128 million. Link
The Chief Executive Officer of Marathon, the biggest Bitcoin mining firm, stated that the market might have already accounted for the Bitcoin halving to some degree. Following the halving, this mining company can remain profitable with Bitcoin priced at $46,000. Link
In the early hours of April 10th, the Hong Kong Securities and Futures Commission quickly updated the roster of virtual asset management funds. According to Tencent News, it intends to unveil the initial list of Hong Kong's four Bitcoin spot ETFs on April 15th. Subsequently, the Hong Kong Stock Exchange will spend roughly two weeks readying the product for launch. Link
According to Bloomberg, Brevan Howard Digital, a division of the hedge fund manager Brevan Howard, experienced a 34.5% increase to $1.7 billion in the first quarter of this year. Link
Projects
Uniswap - On Wednesday, Uniswap was served with a Wells Notice, indicating a formal notification of a possible lawsuit from federal regulators. Link
Sushi - A contentious proposal concerning the Sushi DAO treasury has succeeded in an initial signal vote. The governance proposal recommends the transfer of over $40 million in assets controlled by the DAO to a new vault that would be managed by Sushi Labs. Link
Stepn - The protocol has been awarding bonus points that could be valued at approximately $30 million if converted to GMT tokens. The move-to-earn application has stated it is close to revealing a partnership with a leading footwear and clothing brand. Link
Ethena - Ethena's stablecoin, USDe, has exhibited swift expansion, achieving a supply of $2 billion in just over 100 days, surpassing the growth rates of other stablecoins such as USDT, USDC and DAI. 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.
