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Record Inflows And Bitcoin Surge Mark Strong Week For Digital Asset Investments

Last week witnessed a remarkable surge in digital asset investment products, with inflows reaching the second-highest weekly total on record at $1.84 billion.  Https://twitter.com/WuBlockchain/status/1764620997939069386?t=DYQQp5d9I26M0ZLVrxE6SA&s=19 The trading volumes in these investment products soared to unprecedented levels, surpassing $30 billion, while total assets under management approached an all-time high of $82.6 billion. Bitcoin, the flagship cryptocurrency, surged past the $65,000 mark today, coming within $4,000 of its all-time high of $69,044 set on November 10, 2021. The options block market saw significant activity over the weekend, with buy calls dominating nearly all orders, totaling over $5 million.  https://twitter.com/WuBlockchain/status/1764520214643999071?t=m89rGfXwUI8E_9-_FTI2sg&s=19 Monday witnessed another record high for bitcoin prices, with a notable increase in short-term bull spreads trading, pushing the ultra-short-term implied volatility close to 80%. The market sentiment is robust, reflecting a strong inclination towards further investment and entering the FOMO (Fear of Missing […]

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Large Token Unlock Event Scheduled For Arbitrum On March 16, 2024

In a significant development for the cryptocurrency market, March 16, 2024, marks the date of one of the largest token unlocks this month, with Arbitrum, Ethereum's Layer 2 scaling protocol, preparing to release approximately $2 billion worth of ARB tokens.  This unlock event, involving the release of 1.11 billion ARBs, represents a substantial portion of the circulating supply of the token, accounting for 87% of its total. Data from Token Unlocks highlights a series of notable token unlocks scheduled for March, including SUI, APT, ARB, APE, MANTA, PIXEL, IMX, ID, YGG, OP, PRIME, and more, with a combined unlock value exceeding $2.919 billion.  https://twitter.com/WuBlockchain/status/1763394384253637062?t=bmqF8-LFmt5yVhS5Yih-GQ&s=19 Of particular significance is the ARB unlock, totaling approximately $2.212 billion, which includes 673 million ARBs allocated to team/advisors and 438 million ARBs designated for investors. In a related development, Amber Group recently recharged 1 million […]

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PORTAL Token Prepares For Listing Amid Market Volatility

Today marks a significant milestone for the PORTAL token, introduced by Binance as part of its 47th Launchpool event on February 22. The project has announced the distribution of tokens to various cryptocurrency exchanges, signaling the readiness for the upcoming token listing process. PORTAL, the pioneering platform poised to transform Web3 gaming, has garnered attention for its innovative approach to decentralized gaming experiences. Bitget, a leading cryptocurrency exchange and Web3 platform, has confirmed its listing of PORTAL in its Innovation and GameFi Zone, further amplifying anticipation for its market debut. As PORTAL prepares to debut on one of the most prominent cryptocurrency platforms, both enthusiasts and investors alike are closely monitoring its trajectory in the market. The listing is expected to provide a significant boost to the visibility and accessibility of the PORTAL token, potentially shaping the future of decentralized […]

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Bitcoin And Ethereum Surge As Trading Volume Peaks

Today, Bitcoin (BTC) rallied by 4.57%, breaking the $59,000 mark, while Ethereum (ETH) also saw a 2.7% increase, reaching beyond $3,300. Coinglass reported that within the last 24 hours, a total of $233 million was liquidated, with $131 million attributed to short orders, resulting in the liquidation of 79,700 individuals. https://twitter.com/WuBlockchain/status/1762764443983962301?t=e-Ti9zMrs1KenrZYkpyU7w&s=19 ETF analyst Eric Balchunas of Bloomberg highlighted that on February 27, the daily trading volume of nine new spot Bitcoin ETFs, excluding GBTC, exceeded $2 billion for the second consecutive day. BlackRock IBIT's trading volume reached a record-breaking $1.3 billion, with over 100,000 unique transactions totaling $1.357 billion. https://twitter.com/EricBalchunas/status/1762589798827458693?t=204Q2lsmMGreaPBTDSEW3A&s=19 SoSoValue data revealed that on the same day, net inflows for Bitcoin spot ETFs hit $576 million. Notably, Grayscale ETF GBTC experienced a $125 million net outflow, while BlackRock's ETF IBIT recorded the highest net inflow of approximately $520 million, […]

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Gala Games Launches GalaSwap DEX On GalaChain

Gala Games, the blockchain-based gaming and entertainment company, unveiled GalaSwap, its latest decentralized exchange (DEX) built on GalaChain, marking a significant milestone for the Gala ecosystem. GalaSwap operates as a decentralized exchange within the Gala ecosystem, enabling the seamless trading of tokens based on Ethereum. Currently, the exchange hosts seven tokens, including $GALA, $MTRM, $SILK, $USDT, $GWETH, and others, fostering liquidity and accessibility within the Gala network. https://twitter.com/GoGalaGames/status/1762529507649429552?t=owtgww6-mxY-z2wFv6_goA&s=19 The introduction of GalaSwap signifies a pivotal moment for GalaChain, as the decentralized exchange aims to incentivize adoption through referral bonuses and token rewards. With every transaction executed on GalaSwap, users have the opportunity to earn GalaSwap tokens, enhancing engagement and participation on the platform. Furthermore, GalaSwap's referral program offers users additional avenues for earning rewards, augmenting the platform's appeal and user base. GALA Price Action Following The News Announcement The announcement […]

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MAGA ($TRUMP) Cryptocurrency Hits All-Time High Amidst Surge In Value

In recent developments within the cryptocurrency market, MAGA ($TRUMP), a token associated with former US President Donald Trump, has skyrocketed to an all-time high of $5.242. The surge reflects a remarkable 42% increase in value over the past week, marking significant growth for the digital asset. The abbreviation MAGA symbolizes "Make America Great Again," a well-known political slogan synonymous with Donald Trump's presidency. The surge in $TRUMP's value is noteworthy, with a staggering 238% surge observed in the past 30 days and an astounding 1200% surge over the past three months. https://twitter.com/ai_9684xtpa/status/1761763137987211334?t=QW5CfIznCGoEsDc_U3oinQ&s=19 On-chain reports suggest that whales, prominent investors holding significant quantities of the cryptocurrency, are capitalizing on the substantial profits generated amidst the recent price surge. Notably, one such investor, identified as 0x63a...F33B2, emerged as a dedicated supporter of Trump. An Individual Profit, $TRUMP’s Value Coincides With Donald Trump’s […]

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DeFi Tokens Surge Following Uniswap Fee Proposal

Over the weekend, the cryptocurrency market witnessed significant gains in prices across DeFi-focused tokens like Uniswap (UNI), Curve DAO Token (CRV), and Aave (AAVE). This surge in value came in response to a notable fee structure proposal announced by the Uniswap Foundation, sparking excitement among investors and traders. In a noteworthy on-chain transaction that captured the attention of the cryptocurrency community, Michael Egorov, the founder of Curve Finance, associated address refueled 1 million CRV tokens to Binance, amounting to $630,000. https://twitter.com/ai_9684xtpa/status/1761393138374246828?t=lBvHfXRJ9k6947ixq9HZVA&s=19 This address initially received 15 million CRV tokens transferred by Michael Egorov on December 21, 2023, valued at $0.58 per token. Over the subsequent two months, a total of 11 million tokens were deposited to Binance, representing a combined value of $6.51 million. CRV Whale Movements And Price Action To Monitor As of the latest data, CRV has experienced […]

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Litentry $LIT Surges To Yearly High Amid DWF Labs’ Portfolio Momentum

Litentry $LIT, a prominent token in the portfolio of DWF Labs, has witnessed remarkable gains in its value, soaring by over 42% throughout this week and experiencing a 24% surge today, reaching a yearly high of $1.496. Functioning as a privacy-preserving decentralized identity aggregation oracle, Litentry operates on the Substrate framework and is specifically designed for Polkadot, EVM-based platforms, and other multi-chain ecosystems. DWFLabs, a renowned market marker, acquired 3 million LIT tokens valued at $3.66 million at an average price of $0.86 on October 29 and December 11, 2023. Currently, the price stands at $1.4. In a recent development, DWF Labs reportedly deposited 700,000 LIT tokens, equivalent to $838,000, to Binance a few hours ago. Notably, the tokens held by DWF Labs have exhibited significant trading activity over the past two days, leading to substantial price surges across the […]

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Spell Token Surges Amidst Rising Investor Interest

The Spell Token ($SPELL), an essential component of abracadabra.money, has recently demonstrated remarkable market performance, witnessing a surge of over 62% in the past 24 hours, with its price reaching $0.00107.  This notable increase reflects the token's solid position within the DeFi ecosystem and the growing interest from investors. The market-making token $SPELL, managed by DWF Labs, experienced an impressive 67% surge today. This surge aligns with DWF's recent activities, particularly in tokens like $FET and $JASMY, where strategic moves may involve pumping and selling within a short timeframe. https://twitter.com/ai_9684xtpa/status/1760615315468382503?t=kO1sqwxtIaJY_IwN68amUA&s=19 In September 2023, DWF Labs officially announced its role as a market maker for SPELL, securing a token loan of 4.62 billion SPELL and purchasing SPELL tokens worth US$1 million at a 15% discount, as part of a locked agreement for 24 months. Over the past five months, DWF has […]

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Ethereum Surpasses $3000 Mark Amidst Whales’ Accumulation

In a significant move for the cryptocurrency market, Ethereum, the second-largest digital asset, breached the $3000 milestone yesterday, marking a notable achievement in its price trajectory. However, today saw a slight retracement, with Ethereum dipping to $2,900, reflecting a marginal 1% decline. The surge past the $3000 mark prompted a considerable number of Ethereum addresses, approximately 879,000, to become profitable.  https://twitter.com/intotheblock/status/1759962444904923495?s=19 These addresses, which had been in a loss position for the past two years, now find themselves in a profitable situation, potentially considering selling to break even at this pivotal psychological threshold. Despite this, analysts view this segment of addresses as a relatively minor obstacle for Ethereum, given that over 83% of addresses are already in profit.  As such, the prevailing sentiment suggests that Ethereum is poised to overcome this threshold without encountering significant hurdles. Meanwhile, onchain reports reveal […]

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