Articles for tag: Bitcoin ETFs, Cryptocurrency market, Digital Assets, Ethereum ETFs, institutional investors, Monex Group, Web3

December 25, 2024

Bitcoin ETFs Experience $338 Million in Outflows on Christmas Eve: Impact on Market Trends and Investor Sentiment

Recent data shows a significant downturn in Bitcoin exchange-traded funds (ETFs), with over $1.5 billion withdrawn in just four days leading up to Christmas. BlackRock’s iShares Bitcoin ETF saw the largest single-day outflow of $188.7 million, while Ethereum ETFs experienced the opposite trend, attracting $53.5 million in net inflows. BlackRock’s Ethereum fund drove the interest, ...

December 16, 2024

Market News

Crypto

New Bitcoin Fair Value Accounting Rules Launch, Opening Doors for Corporate Reserve Adoption and Financial Transparency

Japan is moving forward in its Web3 journey with significant developments in cryptocurrency accounting. The Financial Accounting Standards Board (FASB) has introduced a Fair Value accounting rule for crypto, effective December 15, 2024. This new standard mandates that companies measure their cryptocurrency holdings at fair value, updating these valuations each reporting period. This change will ...

December 9, 2024

Market News

Crypto

Weekly Crypto Inflow Reaches $3.85 Billion as Bitcoin, Ethereum, and XRP Lead the Market Surge

Japan’s Web3 transformation is gaining momentum, significantly influenced by Monex Group’s efforts in the crypto ecosystem. Recently, crypto investment products recorded an impressive $3.85 billion in weekly inflows, pushing year-to-date totals to $41 billion. Bitcoin continues to dominate, with $2.5 billion attributed to its inflows, while Ethereum also made strides, attracting $1.2 billion, marking its ...

December 6, 2024

Market News

Crypto

XRP Expands Corporate Treasury Holdings Through Strategic Investments in Worksport and BC Bud Co

Japan’s Web3 transformation is gaining momentum, especially with companies like Monex Group driving the crypto ecosystem forward. Recently, XRP’s impressive 300% surge in value has attracted institutional interest, with firms like Worksport and The BC Bud Co. planning significant investments in this digital asset. Worksport announced a $5 million allocation to Bitcoin and XRP, aiming ...

December 3, 2024

Market News

Crypto

Bitcoin’s Path to $100K: Short-Term Holder Demand and Insights from Bitfinex

Bitcoin is on a path that could lead it to $100,000, contingent on the demand from short-term holders balancing profit-taking by long-term holders. After a notable decline, Bitcoin closed November at nearly $96,506, showing a 37.3% gain for the month. As December approaches, historical trends suggest that Bitcoin typically performs well during halving years, but ...

December 2, 2024

Market News

Crypto

Exploring Web3: Unleashing the Future of the Internet and Decentralized Technology Revolution

Blockchain technology is changing how industries operate, shifting from traditional centralized models to a decentralized Web3 system. This transition allows users to have more control over their digital identities and assets, potentially creating fairer revenue distribution for creators. A recent example is Justin Sun’s purchase of Maurizio Cattelan’s artwork using cryptocurrency, highlighting the growing acceptance ...

October 28, 2024

Market News

Atua AI converts reserves to Bitcoin, enhancing financial stability and resilience amid Web3 growth and market volatility challenges.

Atua AI, a leading platform specializing in on-chain enterprise AI, has recently converted part of its reserves into Bitcoin. This strategic move aims to protect its operations and ensure financial stability as it grows in the Web3 space. By investing in Bitcoin, recognized for its resilience against Market fluctuations and regulatory challenges, Atua AI is ...

May 11, 2024

Market News

Crypto Now

Is Mobile Gaming the Key to Success for Web3 Games?

The success of web3 gaming adoption hinges on the mobile experience. Without a seamless and engaging mobile interface, players may not fully embrace this new era of decentralized gaming. As more users flock to mobile devices for their gaming needs, developers must prioritize optimizing their games for mobile platforms to ensure maximum adoption and success ...