Crypto investment products are up again in terms of inflows, giving the crypto industry a much-needed breather. Recent market dynamics have seen Bitcoin leading the surge of inflows into crypto investment products, signaling a possible resumption of bullish sentiment.James Butterfill, head of research at Coinshares, reported this inflow in a social media post. The statistics indicate that crypto investment products received inflows of $862 million over the timeframe spanning from March 23 to March 29 to reverse the record net outflows of $942 million set in the prior week. Unsurprisingly, most of the inflow went into Bitcoin, hinting at a…
Author: Web3 Daily Press Staff
OpenSea, the leading NFT marketplace during the 2021-2022 bull run, is now in the middle of a transition to a new “OpenSea 2.0” launch with a much leaner team following layoffs last fall. And we’re starting to understand what that will look like as the once-dominant marketplace considers its evolution and next steps. On Tuesday, OpenSea announced support for the ERC721-C Ethereum NFT token standard, which was developed by video game startup Limit Break and enables project creators to enforce royalty fee payments on secondary market trades. It’s the latest move by OpenSea to adapt to changing tides in NFT…
Explore how BlockDAG reshapes the crypto economy with its eco-friendly mining & technical advancements, alongside IOTA’s new ventures and Quant’s market rally. BlockDAG is rapidly gaining attention as the next cryptocurrency to explode, with industry experts predicting a staggering 20,000x return on investment following its latest whitepaper launch. This development is coming amid significant events in the crypto space, including the release of IOTA 2.0 and a noticeable uptrend in Quant’s performance.In this article, we’ll explore why BlockDAG is heralded as a breakthrough investment, juxtaposing its potential against the backdrop of IOTA’s advancements and Quant’s rising trajectory. Join us as…
It’s been a rather choppy day in the cryptocurrency world. The entire crypto market is down 3.9% over the past 24 hours, as of 3 p.m. ET, with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) leading the way lower. These three major tokens have declined 4.5%, 5.1%, and 7% over the same time frame, outpacing the losses of the overall market. In the crypto world, these are three of the mostly closely watched cryptos, due to their importance to a wide range of investors. As the world’s largest and second-largest digital assets, Bitcoin and Ethereum are viewed…
Nostra Finance is pausing new borrowing and lending of DAI, while a similar proposal has been floated in Aave’s governance forum.DeFi projects are up in arms with MakerDAO after the veteran DeFi lending protocol added Ethena’s USDe ‘synthetic dollar’ to its collateral basket as part of its Endgame overhaul.On March 29, MakerDAO approved an executive proposal setting a debt ceiling of $100 million DAI for the Spark DAI Morpho Vault, which lets investors borrow DAI against USDe and sUSDe (staked USDe).Adding both assets, the first of which currently holds fifth place for stablecoins by market cap – sitting firmly above…
Chainlink, a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK, is experiencing a trading range above $18 after surpassing $19 for a short period. According to the latest data from CoinGecko, LINK is down by 1% in price in the last 24 hours and is trading at $18.43. With the market trading in red, here is our price prediction for LINK for the week. Also read: Can Dogwifhat (WIF) Hit $10 After Bitcoin Halving? Chainlink price prediction for the weekend LINK has demonstrated remarkable…
Imagine a cryptocurrency that not only promises to enrich its holders but also brings a wave of joy and community spirit. Enter Koala Coin (KLC), currently in presale stage one, priced at $0.014. Its astonishing potential for 100X growth is causing a stir, tempting even the most seasoned Ethereum (ETH) and Cardano (ADA) investors. Do not miss out on this opportunity. The time to act is now! Embrace the Future with Koala Coin (KLC) Koala Coin (KLC) stands out with its robust, transparent blockchain technology while ensuring a seamless and secure transaction experience. This innovation, combined with a joyous journey…
In the tumultuous world of cryptocurrency, Bitcoin Cash (BCH) is making some considerable ripples that have caught the attention of revered analyst, Rekt Capital. The detailed analysis put forth by the esteemed analyst posits that BCH could be teetering on the verge of breaking a long-standing downtrend and reaching a momentous milestone. To seasoned BCH followers, this projected breakout aims higher than mere technical triumph. It hints at a watershed moment that could see the cryptocurrency’s fortunes take a turn for the better, assuming a whole new trajectory. BCH has danced with the notion of overcoming the persistent downtrend in…
NuggetRush combines popular crypto trends like memes, play-to-earn (P2E), GameFi, and NFTs, making it appealing for potential massive adoption and growth. TLDRNuggetRush is an emerging token at the heart of the current market buzz.Its fascinating blend of memes, P2E, GameFi and NFTs makes it appealing and poised for massive adoption and growth.Tipped to skyrocket after its launch, BNB and Shiba Inu holders have been swarming the presale.The crypto scene might be flowing with alphas but one stands out, NuggetRush (NUGX). It checks most, if not all, the boxes, resulting in Binance Coin (BNB) and Shiba Inu (SHIB) investors flocking in…
The rapidly growing EigenLayer protocol, spearheading the rise of restaking on the Ethereum blockchain, has the potential to become a crucial component of the ecosystem’s infrastructure.However, a recent research report by Coinbase highlights the hidden risks associated with this emerging sector. The report also points out that it could threaten the stability and security of the Ethereum network.Key points:EigenLayer has become the second-largest decentralized finance (DeFi) protocol on Ethereum, with $12.4 billion TVL.The adoption of liquid restaking token (LRT) wrappers around the underlying protocol could lead to hidden risks from nontransparent staking strategies.LRT providers may be incentivized to maximize rewards…