U.S. Ethereum ETFs See First Net Inflow in Days

U.S. Ethereum ETFs See First Net Inflow in Days

In A Nutshell For the first time since their inception, spot Ethereum Exchange-Traded Funds (ETFs) in the United States witnessed a net positive daily inflow, marking a significant turnaround. On July 30, these funds collectively recorded a $34 million inflow, contrasting sharply with the $547 million outflow observed since July 24. This shift signals a…

UAE Opens Banking to Bitcoin and Ether Trades with M2

UAE Opens Banking to Bitcoin and Ether Trades with M2

In A Nutshell The UAE has made a significant leap in the world of cryptocurrency by enabling residents to directly trade Bitcoin (BTC) and Ether (ETH) using their local bank accounts. This groundbreaking integration, brought to the fore by crypto exchange M2, streamlines the process of converting UAE dirhams into these leading digital currencies and…

ZKX Protocol on Starknet Shuts Down Amid DeFi Struggles

ZKX Protocol on Starknet Shuts Down Amid DeFi Struggles

In A Nutshell The ZKX Protocol, a social derivatives trading platform based on the Ethereum Layer-2 network Starknet, has announced its closure. The founder, Eduard Jubany Tur, cited a lack of user engagement, decreased trading volumes, and insufficient daily revenue as the primary reasons for the shutdown. Despite a recent $7.6 million funding round, the…

Ethereum Struggles, Lags Behind Bitcoin and Solana

Ethereum Struggles, Lags Behind Bitcoin and Solana

In A Nutshell Ethereum’s price has seen a decline, underperforming when compared to Bitcoin and other top layer 1 cryptocurrencies. Despite a significant rally ahead of the launch of spot Ethereum ETFs, ETH has faced challenges, including outflows from US-based ETFs and reduced network activity. Key metrics and market indicators suggest a potential for further…

Binance Backs aPriori in $8M Round, Boosts DeFi on Monad

Binance Backs aPriori in $8M Round, Boosts DeFi on Monad

In A Nutshell Binance Labs, the venture capital arm of Binance, has recently announced its investment in aPriori, a liquid staking protocol on the Monad network. This investment highlights the increasing interest and financial backing into the layer-1 network Monad and its expanding decentralized finance (DeFi) ecosystem. aPriori aims to innovate within the sector by…

Futurama’s The One Amigo Satirizes NFT Craze

Futurama’s The One Amigo Satirizes NFT Craze

In A Nutshell The beloved animated series, Futurama, is no stranger to weaving contemporary cultural references throughout its plotlines, and its most recent episode, “The One Amigo”, is no exception. Airing more than two decades after its original premiere, the series revisited its satirical roots by delving into the realm of non-fungible tokens (NFTs) and…

Movement Labs Teams Up with Polygon for $160M Blockchain Boost

Movement Labs Teams Up with Polygon for $160M Blockchain Boost

In A Nutshell Movement Labs has embarked on an innovative journey through its partnership with Polygon Labs’ AggLayer, aiming to redefine the paradigms of blockchain interoperability and liquidity. This collaboration marks a significant milestone with a remarkable $160 million total value locked (TVL) pledge supporting the mainnet’s imminent launch. The integration signifies a leap towards…

Hamster Kombat Hits 300M Players; Plans Crypto Airdrop

Hamster Kombat Hits 300M Players; Plans Crypto Airdrop

In A Nutshell The Hamster Kombat game, a Telegram-based idle clicker game, has rapidly gained popularity, amassing over 300 million players since its launch in March 2024. The team behind this viral sensation is now preparing for what they claim to be the largest airdrop in the history of cryptocurrency, with the distribution of their…