Fun

News Feed - 2023-10-04 03:10:00

Tristan Greene5 hours agoBitcoin drives digital asset inflows for the first time in 6 weeks: ReportSolana was the only other major asset to show inflows for the week.1512 Total views20 Total sharesListen to article 0:00NewsJoin us on social networksCryptocurrency assets experienced inflows for the first time in six weeks from Sept. 22 to 28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares.


Bitcoin (BTC) was the biggest gainer, with inflows in the amount of $20.4 million for the week.Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill.

This week inflows: US$21m (after 6 weeks of outflows)

We believe these inflows are a reaction to a combination of positive price momentum, fears over US… pic.twitter.com/0VHHBh1n50— CoinShares (@CoinSharesCo) October 2, 2023


Solana’s SOL (SOL) took second, with $5 million, as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows, with only four weeks of outflows for 2023, making it “the most loved altcoin this year.”


On the flip side, Ether (ETH) experienced outflows in the amount of $1.5 million. This marks its seventh consecutive week of outflows and, according to CoinShares, solidifies its status as “the least loved altcoin.”


Related:CoinShares says US not lagging in crypto adoption and regulation


Flows for other altcoins, including XRP (XRP) — which saw more inflows than Solana during the previous week — were negative and minimal.


CoinShares analysts attributed the lack of altcoin movement alongside Bitcoin’s trend-breaking momentum to a combination of factors:“We believe the inflows are a reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.”


The quagmire referenced by CoinShares involves the ongoing negotiations over U.S. government funding. Earlier in the previous week’s cycle, fears over a funding bill stalemate led to predictions that the U.S. government would shut down on Oct. 2. However, a last-minute effort by Senate leaders allowed for the passage of a stopgap that ensures funding through Nov. 17. Whether Congress and the president can come to terms to fund the government beyond the current measure’s expiration remains to be seen.


Geographically, Germany, Canada and Switzerland led the charge for the week, with inflows amounting to $17.7 million, $17.2 million and $7.4 million, respectively. Australia and France held the line, metaphorically speaking, with $100,000 for the former and zero for the latter.


The United States, however, registered $18.5 million in outflows, with Sweden and Brazil following suit at $1.8 million and $900,000 outgoing, respectively.# Bitcoin# Altcoin# Canada# Australia# Ethereum# Europe# XRP# United States# CoinShares# SolanaAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?Bitcoin ETFs: A $600B tipping point for cryptoETF filings changed the Bitcoin narrative overnight — Ledger CEO

News Feed

SUI, Zcash (ZEC) and Helium (HNT) outperform everything except memecoins — Here is why
Nancy Lubale3 hours agoSUI, Zcash (ZEC) and Helium (HNT) outperform everything except memecoins — Here is whyZEC, HNT and SUI produce double and triple-digit gains even as the wider crypto market continues to reel from
Best Wallet Low Cap Coin Raises $7.6M as XRP Nears All-Time High and Market Prepares for Bull Run
Look out, here comes XRP! In the wake of the US presidential elections, XRP’s engine began to rev. Now, with the inauguration of President Trump only hours away, XRP is taking off! XRP Rides To Near All-Time High
Bitcoin and Ether can ‘greatly improve’ portfolio performance: BBVA
Zoltan Vardai11 hours agoBitcoin and Ether can ‘greatly improve’ portfolio performance: BBVABitcoin’s price has outperformed the returns from the S&P 500 more than threefold in 2024.1736 Total views6 Total shar
Dogwifhat en route to $10? WIF is now the third-biggest memecoin as whales hold tight
Zoltan Vardai9 hours agoDogwifhat en route to $10? WIF is now the third-biggest memecoin as whales hold tightThe largest WIF holder has an unrealized profit of over $127 million on the Solana-based memecoin.2813 Total vi
Stock Trader Dave Portnoy Dives Into Bitcoin, Only to Panic-Sell After Chainlink Plunges
Stock Trader Dave Portnoy Dives Into Bitcoin, Only to Panic-Sell After Chainlink PlungesHigh profile stock trader Dave Portnoy has panic sold his bitcoin one week after he got into
Have altcoins hit the bottom? Bitcoin price bounces 5% from $59.7K low
William Suberg11 hours agoHave altcoins hit the bottom? Bitcoin price bounces 5% from $59.7K lowBitcoin is attempting to reclaim support after dipping below $60,000, while traders dare to dream of an altcoin rebound.3370
Blockchain identity platform Fractal ID suffers data breach
Christopher Roark3 hours agoBlockchain identity platform Fractal ID suffers data breachFractal ID gave notice that an attacker had gained access to an operator’s account, leading to the leak of a small percentage of us
P2E Fantasy Sports Game TradeStars Launches Staking of Native Token TSX
P2E Fantasy Sports Game TradeStars Launches Staking of Native Token TSX press release PRESS RELEASE.Blockchain based P2E Fantasy Sports Game TradeStars has announced the launch of s
Ezra Reguerra14 hours agoNFTs are ‘totally worthless’ says mainstream media, community respondsA community member highlighted the drastic shift in mainstream media narrative, sharing a previous article promoting the
Mt. Gox creditors report multiple ‘brute-force’ attempts on their accounts
Brayden Lindrea5 hours agoMt. Gox creditors report multiple ‘brute-force’ attempts on their accountsMt. Gox’s claims website is currently down for maintenance, while Mt. Gox creditors are still looking for an expla
Get 5x Verse Tokens in Bitcoin.com Games’ Exclusive Raffle for Players Participating in the Verse Public Sale
Get 5x Verse Tokens in Bitcoin.com Games’ Exclusive Raffle for Players Participating in the Verse Public Sale Participate in the Verse Public sale and opt into the exclusive raff
Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally
Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market c