Understanding Bitcoin’s Unique Value The value of Bitcoin often confuses those new to the cryptocurrency world. For decades, people associated value with tangibility—something they could physically see, hold, or feel. Since Bitcoin isn’t backed by gold, controlled by a government, or even in physical form, the skepticism is understandable. Yet, it has grown to become…
How BlackRock’s Outflows Affect Bitcoin The cryptocurrency market is currently witnessing a significant and sustained institutional exodus, with major players like BlackRock leading the charge. This trend has created notable selling pressure on Bitcoin, contributing to its recent price consolidation. BlackRock’s iShares Bitcoin Trust, or IBIT, recorded a substantial outflow of nearly $200 million in…
Diverging Trends Emerge in Ethereum’s Market Ethereum is experiencing a significant split in market sentiment, with short-term and medium-term trends moving in different directions. The futures market is exceptionally active, indicating a period of caution and re-evaluation among traders. Exchange reserves of Ethereum have edged higher, indicating more ether is available for potential selling. This…
Ondo’s Pioneering Role in Real-World Assets In the evolving landscape of cryptocurrency, Ondo (ONDO) is carving out a unique and strategic position for itself by bridging the gap between traditional finance and decentralised finance (DeFi). The project is a pioneer in the realm of real-world assets (RWAs), a trend that is rapidly gaining traction as…
Ethereum at 10: The Fight for Its Soul and Future Dominance Ten years ago, Ethereum was launched to introduce a revolutionary concept to the world: a programmable blockchain. By adding smart contract functionality and composability to the foundational innovation of Bitcoin, Ethereum quickly established itself as the leading platform for decentralised applications. However, a decade…
Abu Dhabi Doubles Down on Bitcoin via BlackRock’s IBIT Trust Abu Dhabi’s sovereign wealth fund, Mubadala, has increased its exposure to Bitcoin during the volatile first quarter of 2024 by acquiring additional shares in BlackRock’s iShares Bitcoin Trust (IBIT), according to a U.S. Securities and Exchange Commission (SEC) filing released Thursday. The Form 13F disclosure…
