Author: CryptoHoppers

Key Takeaways Bitcoin ETFs reached a total of $21 billion in net inflows, a record high. ARKB and IBIT were the top performers, significantly contributing to the week’s gains. Share this article US spot Bitcoin ETFs reached $21 billion in total net inflows on Friday as investor appetite for these funds remains strong. According to data from Farside Investors, these ETFs collectively netted over $2 billion this week, extending their winning streak to six consecutive days.Yesterday alone, spot Bitcoin ETFs, excluding Valkyrie’s BRRR, attracted around $273 million in net purchases. ARK Invest’s ARKB led the group with nearly $110 million.US-based…

Animoca Brand’s Chairman Yat Siu, believes that Hong Kong is a “strong contender” for a possible IPO of crypto venture investor and blockchain game developer Animoca Brands. In a recent interview, Yat Siu added that Hong Kong can be the place for the possible listing since the company is headquartered in the city, where digital-asset related activity has grown exponentially as officials are looking to develop it as a crypto hub. He, however, added that IPO plans may take a “couple more years to truly form out” and the firm is currently focused on growing business. Animoca shares were trading…

Key Takeaways The SEC’s appeal does not contest XRP’s classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC’s claims against Ripple’s XRP transactions. Share this article The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital asset platforms, executives’ sales, and other distributions of XRP did not constitute investment contracts, according to a new filing shared by attorney James Filan. “Whether the district court erroneously granted partial summary judgment in favor of defendants with respect to Ripple’s offers and sales of…

The music world has been left heartbroken by the sudden passing of Liam Payne, the former One Direction star, who tragically died on October 16, 2024, at just 31 years old. Known to many as a pop sensation, Payne was also making strides in the Web3 space and had become an early adopter of blockchain technology, collaborating on innovative NFT projects. Liam Payne was one of the first mainstream celebrities to explore the potential of Web3, a testament to his forward-thinking mindset. His involvement with The Lonely Bug NFT collection, Gary Vaynerchuk’s first Web3 collaboration (predating VeeFriends), marked the start…

The Kenyan Revenue Authority (KRA) is tightening its grip on cryptocurrency by proposing a real-time tax system integrated with exchanges. This system would track all crypto transactions, capturing details like time and value for tax collection purposes. Beyond real-time taxation, Kenya is considering AI and machine learning to combat tax evasion. These technologies would improve […] Source link

Omnichain money market Radiant Capital RDNT -9.74% seems to be undergoing an exploit, according to onchain evidence and Web3 security Ancilia. The attack began Wednesday afternoon on Radiant’s Ethereum ETH +1.00% Layer 2 Arbitrum ARB -3.46% instance and then moved onto BNB +1.57% Chain, according to Arkham Intelligence data.  “We have noticed several transferFrom user’s account through the contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Please revoke your approval ASAP. It seems like the new implementation had vulnerability functions,” Ancilia wrote on X. A transferFrom exploit uses a smart contract’s transferFrom function to enable one account to send a specified number of tokens from a target account…

The decentralized finance ecosystem continues to grow despite recent challenges as overall crypto usage hits record levels, venture capital firm Andreessen Horowitz (a16z) said in a new report. In its “State of Crypto” report published on Oct. 16, a16z noted that the crypto industry has witnessed a major spike in activity over the past year. The growth trajectory for the industry is “reminiscent of early internet adoption.” For instance, September 2024 saw 220 million addresses interact with protocols across the blockchain ecosystem—more than triple the figures recorded in late 2023. About 100 million of these active addresses were on Solana…

Navigating the cryptocurrency space can feel like walking through a minefield of complexity, volatility, and disinformation, especially in rapidly expanding ecosystems like the Solana blockchain. Both traders and developers face an uphill battle to keep up with the increasing number of projects and competition, which makes it difficult to reach the projects or investors they are interested in. With the pace of Solana innovation increasing by the day, these challenges are more apparent than ever. The lack of sophisticated, integrated tools tailored specifically for this high-speed environment leaves many participants feeling like they’re always a step behind, missing crucial opportunities…

Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s layer one (L1) and layer two (L2) networks. USDH Gains Momentum as Hermetica Raises $1.7 Million in Seed Funding According […] Source link

Bitcoin (BTC) surged to new heights today, revisiting levels last seen in July after closing above the critical $66,000 resistance yesterday. Though an overnight dip nearly tested the psychological barrier of $65,000, a renewed momentum is now driving the cryptocurrency toward the highly anticipated $70,000 milestone. Data from TradingView reveals that the cryptocurrency briefly touched a high near $67,944 before retreating slightly to $66,823 at press time. Despite the minor dip, the token remains up 1.55% over the past 24 hours, reflecting continued bullish sentiment in the Bitcoin forecast for short-term price movements. This latest rally follows a week of…