BlackRock ETF Reaches $30B in AUM; Starknet Hits Record 857 TPS; Polymarket Under Investigation for Wash Trading
30 Outubro 2024 - 3:41PM
IH Market News
Bitcoin ETFs see record day; BlackRock’s IBIT reaches $30 billion
in assets under management
On October 29, the 12 U.S. spot bitcoin ETFs saw $870 million in
net inflows, marking one of the top 10 days since the ETFs’
inception. BlackRock’s (NASDAQ:IBIT) ETF recorded inflows of
$642.87 million – its largest daily inflow in over seven
months.
This activity pushed IBIT’s trading volume to $3.36 billion, the
highest since March, signaling strong demand. IBIT became the
fastest-growing ETF, reaching $30 billion in assets under
management within 293 days, surpassing the growth of gold ETFs and
JEPI. The fund holds about 417,000 bitcoins, representing 2% of the
total supply, and may reach 500,000 BTC by the end of 2024, making
it one of the largest global holders.
Meanwhile, ether ETFs also grew, with net inflows of $7.65
million; BlackRock’s (NASDAQ:ETHA) ETF saw $13.62 million in
positive flows, bringing the total volume to $280.55 million.
Ethereum recovers, settles $17 million in short bets
After months of underperformance relative to Bitcoin, Ether
(COIN:ETHUSD) showed signs of recovery, rising 1.4% in the last 24
hours to $2,674.00, while Bitcoin (COIN:BTCUSD) fell 1.2% to
$71,870. This rise liquidated $17 million in short positions.
Although layer 2 networks have raised skepticism, Ethereum still
dominates 55% of the total value locked in DeFi protocols,
indicating potential for further gains should interest in altcoins
grow.
Starknet reaches transaction record with new peak of 857 TPS
On October 29, Starknet, Ethereum’s L2 network, announced a
record 857 transactions per second (TPS), surpassing the previous
503 TPS mark. This performance was achieved during a stress test
processing 11 million transactions in 24 hours. CEO Eli Ben-Sasson
highlighted that Starknet achieved high capacity while maintaining
decentralization and efficient gas fees, positioning itself as a
promising alternative among Ethereum’s L2 solutions.
Polymarket manipulation: investigations point to wash trading for
airdrop farming
According to Fortune, Polymarket faces manipulation suspicions
through wash trading, an illegal practice in traditional finance.
This method, where a single entity repeatedly buys and sells an
asset, allegedly targets “airdrop farming” to qualify for token
distribution. Investigators from Chaos Labs and Inca Digital
estimate around one-third of Polymarket’s presidential trading
volume is suspect, though lacking direct evidence.
VanEck and Kiln partner to offer Solana staking in institutional
products
VanEck partnered with Kiln to integrate Solana staking into its
products, including ETFs and ETNs, providing a regulated and
simplified entry for investors. Kiln will handle technical staking,
while VanEck offers institutional exposure, enabling investors to
earn rewards without managing SOL (COIN:SOLUSD) tokens. After
launching the first Solana ETF in June, VanEck projects that SOL
could reach 50% of Ethereum’s market value.
Visa and Coinbase partner for instant deposits with debit cards
Visa (NYSE:V) partnered with Coinbase (NASDAQ:COIN) to offer
instant deposits via Visa Direct for U.S. and EU clients with
eligible debit cards. This integration allows users to fund
Coinbase accounts in real-time, expediting transactions and
enabling quick market responses. Additionally, Visa continues to
expand in crypto with initiatives like the Visa Tokenized Asset
Platform, promoting integration between traditional and digital
finance.
Chainlink launches CRE to integrate applications across multiple
blockchains
Chainlink (COIN:LINKUSD) unveiled the Chainlink Runtime
Environment (CRE) at the SmartCon event, aimed at developing
decentralized, cross-blockchain financial applications. Modeled
after the Java Runtime Environment, CRE enables developers to build
complex applications in days, not months, with modular Oracle
components. Equipped with zero-knowledge proofs, it facilitates
private, interoperable institutional transactions, advancing
traditional finance adoption in Web3. Full launch is expected in
2025.
Florida CFO proposes adding Bitcoin to state pension funds
Jimmy Patronis, Florida’s chief financial officer, urged the
State Board of Administration to consider Bitcoin for state pension
funds, highlighting it as “digital gold” and a compelling
diversification against volatility. Patronis argues Bitcoin’s
decentralization offers financial protection and aligns with Ron
DeSantis’s stance against central bank digital currencies. He
proposed a study to assess the risks and benefits of this strategic
addition to the Florida Growth Fund, which already invests in
high-growth assets.
Nillion raises $25 million to expand its decentralized privacy
network
On October 30, Nillion secured $25 million in funding led by
Hack VC, totaling over $50 million, for its decentralized privacy
platform. Known for its off-chain “Blind Computer,” Nillion offers
advanced privacy services without blockchain, leveraging secure
multiparty computation and homomorphic encryption. With more than
40 developers in the Cosmos ecosystem, its network supports quantum
messaging solutions and secure trading platforms, attracting
partners like Distributed Global and Hashkey.
Visa (NYSE:V)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Visa (NYSE:V)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024