Markets

[PRESS RELEASE – Mexico City, Mexico, July 22nd, 2024] Etherfuse, a pioneering platform for the issuance of tokenized real-world assets, announced today that it has successfully raised $3 million in a seed funding round. The round was co-led by White Star Capital and North Island Ventures, with participation from The Department of XYZ, The Stellar Development Foundation, Funfair and angels Alice Ann Schwartz & Anna Yuan. This funding will support Etherfuse in its mission...

TL;DR Cat-themed meme coins surged, with Cat in a Dogs World (MEW) hitting a new peak. Dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB) had moderate gains but were outperformed by cat-related assets. The meme coin market remains highly volatile. The Top Performers The meme coin realm has witnessed some progress today (July 22), with its market capitalization spiking by 2% and surpassing the $57 billion mark. While leading assets of that type are well in the green,...

Over the past ten years, Ethereum has transformed the blockchain landscape. From its initial coin offering to becoming the second-largest crypto by market cap, Ethereum has continuously evolved, implementing major upgrades like the shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions and cementing its position as a cornerstone of the Web3 ecosystem despite the emergence of several alternatives over the years. Ethereum’s 10-Year Journey Reflecting on its origins,...

Mexico City, Mexico, July 22nd, 2024, Chainwire Etherfuse, a pioneering platform for the issuance of tokenized real-world assets, announced today that it has successfully raised $3 million in a seed funding round. The round was co-led by White Star Capital and North Island Ventures, with participation from The Department of XYZ, The Stellar Development Foundation, Funfair and angels Alice Ann Schwartz & Anna Yuan. This funding will support Etherfuse in its mission to make global capital...

South Korea’s crypto framework, the Virtual Assets User Protection Act, came into force on July 19. This regulation offers guidance to the crypto exchanges operating in the country. Many have stated these laws, formulated by the country’s Financial Services Committee (FSC), are on the stricter side. A press release issued by the FSC read, “The Financial Services Commission announced that the Act on the Protection of Virtual Asset Users, which intends to establish a sound order in the virtual...

Japanese investment firm Metaplanet has been on an aggressive Bitcoin buying spree. Earlier this week, it announced adding 21.877 BTC to its stash, bringing its total holdings to 225.611 BTC. At the current price, the Tokyo-listed company now holds Bitcoins worth almost $14.8 million. This investment strategy appears to have paid off as Metaplanet experienced an incredible surge in its shares this year, with a major boost recorded in May after the company announced tapping...

Bitcoin’s price continues to be highly impacted by the political scene in the United States. After the failed assassination attempt against Donald Trump last weekend, this time, news regarding his opponent rattled the markets. However, the cryptocurrency managed to bounce off and return to nearly $67,000 almost immediately. The current US president, Joe Biden, ended his campaign for the 2024 presidential elections an hour ago, saying it was a decision made in “the best...

Windows-based systems worldwide suffered outages as their users reported them entering recovery mode while flashing the infamous blue screen of death (BSOD). The issue was reportedly caused by an automated CrowdStrike update that went wrong. Memecoins emerged shortly after, poking fun at the global fiasco that caused many businesses and institutions to halt work or find workarounds to operate. Industries across the board were affected, including banking, aviation, finance, and railways. No...

Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day...

Bitcoin could potentially reach a “mid-term” price level above $1 million thanks to a series of hyper-bullish developments around the asset, according to crypto investment firm Mechanism Capital. The company’s co-founder, Andrew Kang, wrote to Twitter on Friday explaining why he thinks Bitcoin is performing “stronger than expected” despite several “poor market structure dynamics” that affected it earlier this month. How Fast Can Bitcoin Reach $1 Million? According to Kang,...