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Updated April 22, 2024

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According to Odaily, there has been a significant net inflow of funds into VanEck HODL, Invesco BTCO, and Franklin EZBC. Trader T's monitoring revealed that VanEck HODL saw a net inflow of 5 million USD yesterday. Invesco BTCO and Franklin EZBC also experienced substantial net inflows of 3 million USD and 2 million USD respectively.

This financial movement indicates a growing interest and investment in these funds. However, it's important to note that the market's dynamics can change rapidly, and past performance is not indicative of future results. Investors are advised to conduct thorough research and consider their risk tolerance before investing in these or any other funds.

According to Odaily, Solana's NFT platform Metaplex has announced that its DAO has entered a new phase. In June, the Metaplex protocol used 50% of its May fees (4490 SOL) and some historical fees (5510 SOL) to purchase MPLX, contributing a total of 3.8 million MPLX to the Metaplex DAO. The protocol generated a total of 8735 SOL in fees in June.

Earlier in March, Metaplex announced the launch of a new NFT standard on the Solana chain, Core, which has already been launched on Devnet. Core, specifically designed for NFTs, supports storing key data in a single chain account, thereby reducing computational requirements, increasing throughput, and helping to improve the efficiency of the Solana network. The Core is fully supported by the Metaplex developer platform and can be seamlessly integrated with a set of SDKs and utilities. It is planned to be launched on the main network next week, with additional support from Candy Machine, DAS, Umi, and Amman.

In addition, Metaplex announced that 50% of the protocol fees will be used to purchase MPLX tokens and send them to the Metaplex DAO, which includes all historical and future fees.

According to BlockBeats, Polkadot has spent $37 million on promotional activities in the first half of 2024 with the aim of attracting new users, developers, and businesses. The breakdown of the expenditure is as follows:

$10 million was allocated for advertisements and sponsorships. $4.4 million was spent on influencers and other influential individuals. Digital advertising accounted for $4 million of the total promotional budget.

Despite these significant investments, the community has expressed concerns that Polkadot appears to be 'invisible' on platform X and other platforms. The company has not yet responded to these concerns.

According to PANews, Luke Barwikowski, the founder of the crypto game 'Pixels', has revealed that his studio is working on developing other games within the 'Pixels' universe. This development is happening in conjunction with the release of the second chapter of the game. Barwikowski's team, which consists of 19 full-time members, is responsible for setting the high-level direction of these games, which are then developed by external studios. The team will incorporate blockchain and user acquisition elements before the games are launched.

Barwikowski also hinted at the possibility of launching games based on Telegram in the future, describing it as an interesting ecosystem that they might explore. 'We are considering launching another project on Telegram, which might just be some alpha tests - but this is like a side experiment. Telegram is an interesting ecosystem... we might try the waters there,' said Barwikowski.

Regardless of whether a Telegram-based 'Pixels' variant becomes a reality, Barwikowski expressed his enthusiasm for expanding the IP they have developed. Currently, 'Pixels' is developing an internal anthology, which will lay the foundation for future applications and experiments.

According to Odaily, the Hong Kong Investor and Financial Education Committee has issued a statement regarding the trading of virtual asset spot ETFs listed in Hong Kong. These ETFs are regulated by the Securities and Futures Commission, and investors can buy and sell them through securities firms or banks, just as they would with stocks or other ETFs. However, the committee has emphasized the need for investors to understand the risk level of virtual asset spot ETFs to determine if they are suitable for their investment portfolio.

The committee has warned that virtual asset spot ETFs are highly volatile and may not necessarily provide the desired effect of risk diversification. Therefore, they should be considered as supplementary investments within an investment portfolio. The committee's statement serves as a reminder for investors to exercise caution and conduct thorough research before investing in such volatile assets.

According to Odaily, Inscription Alliance has developed an innovative protocol named Denim, which is set to issue its first aggregated cross-chain inscription, BTIA. The public minting of BTIA is scheduled for July 19, 2024. The Denim protocol aims to address the current pain points of insufficient liquidity and interoperability in the inscription track. The Denim Swap, built on this protocol, can facilitate the interaction between various protocols and public chains.

It is reported that BTIA, as the leading inscription of the new Denim protocol, has already seen a planned participation in Mint registration reaching 150,000. The Denim protocol and the forthcoming BTIA represent significant advancements in the field of blockchain technology, offering solutions to the challenges of liquidity and interoperability. The public minting of BTIA is eagerly anticipated, with a high level of interest already demonstrated through the substantial Mint registration numbers.

According to Odaily, Alexander Grieve, the head of government relations at the venture capital firm Paradigm, has called for an update in the S-1 form of the U.S. Securities and Exchange Commission (SEC) to better accommodate the unique characteristics of cryptocurrencies. Grieve made this statement on the X platform.

This call for change comes in response to a statement made by SEC Commissioner Mark Uyeda regarding the rules for index-linked annuities and registered market value adjustment annuities. In a footnote to his statement, Uyeda urged for an update to the S-1 form. This marks the first time Uyeda has publicly called for a disclosure system tailored specifically for crypto assets.

Grieve suggested that if there were a change in management, the SEC could be a completely different place. This implies that the current management's approach to cryptocurrencies could be improved to better accommodate the rapidly evolving digital asset landscape.

According to Foresight News, Ethereum's Layer 2 network, Linea, has launched a free NFT minting event named 'Culture SZN'. The event will run for five weeks and is divided into four regular stages and one special stage. Users can mint NFTs every week during the regular stages from July 1 to August 1. They can also vote for their favorite NFTs, with the top five being selected to form Linea guilds. The event aims to engage users and promote the use of NFTs within the Linea network.

According to Odaily, there were no fund inflows or outflows observed in Grayscale's GBTC yesterday. In contrast, Fidelity's FBTC saw a net inflow of 65 million US dollars, and ARK 21Shares' ARKB experienced a net inflow of 13 million US dollars.

This information was monitored and reported by Trader T. The significant inflow in Fidelity's FBTC and ARK 21Shares' ARKB indicates a positive trend in these funds. However, the lack of any fund movement in Grayscale's GBTC presents a contrasting scenario.

The financial market's dynamics are constantly changing, and these fund movements provide valuable insights into the current market trends and investor behavior. The substantial inflow in Fidelity's FBTC and ARK 21Shares' ARKB could be a sign of increased investor confidence in these funds. On the other hand, the stagnant fund movement in Grayscale's GBTC might suggest a wait-and-see approach from its investors.

According to Foresight News, PancakeSwap has announced its support for native USDT transfers provided by Wormhole. This move is aimed at enhancing the liquidity utilization of USDT in PancakeSwap pools on Ethereum, Arbitrum, Base, and BNB chains.

The integration of Wormhole's services will allow for seamless transfers of USDT, thereby improving the overall efficiency of transactions within the PancakeSwap ecosystem. This strategic move is expected to significantly boost the liquidity of USDT on various chains including Ethereum, Arbitrum, Base, and BNB.

This development marks a significant step in PancakeSwap's efforts to improve its services and provide users with more efficient and flexible transaction options. The impact of this integration on the overall performance of PancakeSwap pools remains to be seen.

According to Foresight News, a class action lawsuit against Keith Gill, also known as Roaring Kitty, was withdrawn just three days after it was filed, having only spent one working day in court. The reasons for the rapid withdrawal of the lawsuit remain unclear, and it cannot be ruled out that the plaintiffs may file a similar lawsuit against Gill in the future.

Previously, Foresight News reported that Roaring Kitty made a profit of $78.6 million on GME stocks and bullish options in just one day. Investors accused him of implementing a 'pump and dump' scheme from May 13 through a series of social media posts. It was alleged that he did not fully disclose his purchase and sale of GameStop options, misleading his followers and causing some investors to suffer losses, thereby constituting securities fraud.

According to Odaily, Bitwise CEO Hunter Horsley announced on platform X that the company's Bitcoin Spot ETF (BITB) saw an inflow of approximately $40 million on Monday. This significant inflow indicates a strong interest in the Bitcoin Spot ETF from investors.

The Bitcoin Spot ETF, known as BITB, is a financial product offered by Bitwise, a leading name in the cryptocurrency industry. The ETF allows investors to gain exposure to Bitcoin without the need to directly own the cryptocurrency.

Hunter Horsley's announcement underscores the growing popularity of such financial products in the cryptocurrency market. The substantial inflow into BITB is a testament to the increasing confidence of investors in Bitcoin and related financial products. This development is a positive sign for the cryptocurrency market, indicating a robust demand for Bitcoin-based financial products.

According to Foresight News, Bitcoin miner Northern Data is reportedly considering an Initial Public Offering (IPO) in the United States as early as the first half of next year. The entity, which will be listed after merging with a cloud computing service named Taiga and its data center named Ardent, is estimated to be valued between $10 billion and $16 billion, as suggested by banks. Northern Data may also sell a minority stake in this department to investors before going public.

In previous news from Foresight News, Tether had arranged a credit of $610 million for Northern Data in November 2023 and purchased stocks of Northern Data AG in September 2023.

According to PANews, Northern Data AG is reportedly in talks with potential advisors to merge its AI cloud computing (Taiga) and data center (Ardent) businesses for a US IPO, with an estimated valuation of up to $16 billion. The company has invited several institutions to bid for advisory roles and may designate a lead bank in the coming months. The plan is to land on NASDAQ as early as the first half of next year. Bank valuation suggestions range from $10 billion to $16 billion, and the company may also sell minority stakes in this business department to investors before such a listing. Insiders say discussions are still ongoing, details may change, and the company may decide not to continue considering the strategic options under consideration. Representatives of Northern Data declined to comment.

Northern Data's stock price has fallen about 5% this year, with a market value of approximately $1.4 billion. This move comes at a time of investment fever in AI cloud computing. Northern Data told analysts and investors in November that it was considering a separate IPO for its cloud computing department and planned to list its Bitcoin mining business in the United States. According to a statement in May, the company's US Bitcoin mining division, Peak Mining, is actively building or developing nearly 700 megawatts of data centers, which would make it one of the largest cryptocurrency miners in the United States. However, the decline in cryptocurrency mining profitability has prompted miners to transform their high-energy consumption data centers into digital infrastructure to support generative AI applications. In November, Northern Data obtained a debt financing arrangement of 575 million euros from stablecoin company Tether Group and completed the acquisition of Tether's investment tools worth 400 million euros in January. The company is using these funds to purchase the most sought-after chips from Nvidia, and by the end of this summer, it will deploy about 20,000 H100 AI chips.

According to BlockBeats, BlackRock, a global investment management corporation, has acquired Preqin, a provider of data for alternative and private markets. The acquisition is part of BlackRock's strategy to leverage this data to eventually create an Exchange Traded Fund (ETF).

Nate Geraci, President of The ETF Store, disclosed the news on July 2. He expressed that using the data to replicate the private market investments in an ETF is a challenging task. He stated, 'Using data equals replication, as it's obviously impossible to create an ETF that holds private market investments. I believe this is a difficult problem.'

BlackRock's acquisition of Preqin indicates its intention to expand into the private market sector. However, the creation of an ETF based on private market data presents a unique set of challenges. The private market is less liquid and more opaque than the public market, making it difficult to replicate in an ETF format.

Despite these challenges, BlackRock's move could potentially pave the way for new investment opportunities. The acquisition of Preqin, a leading provider of data and intelligence on the alternative assets industry, could provide BlackRock with valuable insights into the private market. This could potentially lead to the creation of innovative investment products that provide exposure to the private market.

However, it remains to be seen how BlackRock will navigate the challenges associated with creating an ETF based on private market data. The success of this venture will largely depend on BlackRock's ability to effectively leverage Preqin's data and navigate the complexities of the private market.

According to PANews, understanding cryptocurrency involves a two-step approach: analysis and synthesis. This process is akin to playing with Lego blocks, but in reverse.

The first step involves breaking down a topic into smaller parts to understand their functions. For instance, if one wants to understand how re-pledging works, especially in relation to EigenLayer, they can list the main components of re-pledging: Actively Validated Services (AVS), operators, re-pledgers, and assets. Understanding the relationship between these components is crucial. AVS is a system that requires its own distributed validation semantics for validation. Operators are entities that help run AVS software. Re-pledgers entrust their assets to operators. Assets include native ETH or LST ETH.

The second step involves maintaining a skeptical attitude and questioning everything unless proven otherwise. Asking oneself questions is vital to fully understand the topic being researched. For instance, why is AVS needed if every service can be set up locally? What happens if a malicious actor wants to cheat? Why can re-pledgers also deposit LST ETH? How exactly do assets protect the network? Why can't I deposit stable coins, but only ETH?

This approach encourages asking as many questions as possible to clearly define the function and limitations of each part. This is also why new startups are created to solve problems with existing solutions. For example, Symbioticfi supports any mixed tokens as re-pledging collateral, not just ETH. Nektarnetwork provides more modularity for operators and AVS. ExocoreNetwork allows re-pledging with multiple tokens on multiple chains.

Once confident in the analysis, it's time to rebuild the system from scratch using a synthetic approach. This involves combining elements into a coherent whole, integrating all the knowledge learned, and trying to rebuild what was initially broken down. This method fosters a valuable learning skill: if you want to understand something, take it apart and then put it back together.

According to Odaily, US-listed company Kronos Advanced Technologies Inc has announced its decision to accept SHIB as a payment method for its air purifiers. Kronos is known for its work in the development, manufacturing, and distribution of air purification and filtration systems. The company's move has made it the first publicly traded company to accept SHIB tokens. As of 2024, there are approximately 1.38 million Shiba Inu wallet holders worldwide.

According to BlockBeats, on July 2nd, Ronin announced that a significant update for the blockchain game Pixels is on the horizon.

Pixels' CMO, Heidi, expressed the company's ambition to create a new type of game that will forever change the way most games are played. The goal is to make the 'play-to-earn' gaming model more effective. To achieve this, Pixels will make changes as frequently as necessary until the game reaches its optimal state. A task board update has already been implemented to provide incentives for higher-level players.

Luke Barwikowski, the founder of Pixels, is set to publish an article tomorrow that will provide a more in-depth look at the updates and plans for Pixels.

According to PANews, Nate Geraci, President of The ETF Store, announced on Twitter that the US Securities and Exchange Commission (SEC) has confirmed receipt of the 19b-4 application from Hashdex Nasdaq Crypto Index US ETF. This fund will hold both Bitcoin and Ethereum in spot.

Geraci's announcement indicates that the SEC is moving forward with the process of reviewing the application. The Hashdex Nasdaq Crypto Index US ETF, if approved, will be a significant development in the cryptocurrency market, as it will hold both Bitcoin and Ethereum, two of the most popular and widely traded cryptocurrencies.

The 19b-4 application is a necessary step for any entity seeking to list a new exchange-traded fund (ETF) in the United States. The SEC's confirmation of receipt of the application is the first step in a process that could lead to the approval of the ETF.

The potential approval of the Hashdex Nasdaq Crypto Index US ETF could have significant implications for the cryptocurrency market. It could provide a more accessible way for investors to gain exposure to Bitcoin and Ethereum without having to buy the cryptocurrencies directly.

However, it's important to note that the SEC's receipt of the application does not guarantee its approval. The SEC has previously rejected several applications for Bitcoin ETFs, citing concerns about market manipulation and a lack of market surveillance. The outcome of the Hashdex Nasdaq Crypto Index US ETF application remains to be seen.