Institutional investments in Solana blockchain DApps up 54% in Q3

November 1, 2024 Coin Telegraph

Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.

Update Nov. 1, 2:29 pm UTC: This article has been updated to include quotes from Messari Protocol Services.

Institutional investments in Solana-native blockchain applications have seen a resurgence in the third quarter of 2024.

During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, marking a more than 54% increase compared to the previous quarter.

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Thailand crypto market is shifting away from retail: Binance Thailand CEO

October 25, 2024 Coin Telegraph

Binance TH

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.

Thailand’s digital assets market is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, the CEO of Binance Thailand said.

A recent regulatory move by Thailand’s Securities and Exchange Commission is a “vital step in the maturation of Thailand’s cryptocurrency landscape,” Binance Thailand CEO Nirun Fuwattananukul wrote in an opinion piece for the Bangkok Post on Oct. 25.

On Oct. 9, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as United States-based spot crypto exchange-traded funds (ETFs).

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Memecoin search interest and market performance steals spotlight from Bitcoin

October 24, 2024 Coin Telegraph

Adoption

Memecoins have surged in popularity, outpacing Bitcoin in both search interest and market gains, but how long the trend will last is unclear.

Memecoins are dominating the news cycle over their significant volatility and growing influence in the crypto ecosystem.

Memecoin search interest has been rising, while search volume for the term “Bitcoin” on Google has dropped to one-year lows. On a scale of 0 to 100, “Bitcoin” is currently at 33, while search volumes for “memecoin” are at 77.

Google Trends uses an index-like approach to represent search volume and not exact figures. Carlos Guzman, research analyst at cryptocurrency market maker GSR, told Cointelegraph this means volume is shown on a relative basis “where the index value is the highest search volume reached in the period selected.”

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Crypto founders should stop chasing narratives and start creating them

October 20, 2024 Coin Telegraph

Bitcoin Price

Founders and entrepreneurs need to stick to their guns if they want to make a difference in the industry.

People have always told stories to make sense of the world. Life is complicated, and we develop narratives to help explain it. And while the crypto sector is built around breakthrough innovations and farsighted vision, it is no less prone to narrative-building than any other sphere of human activity.

Trends appear and recede. Zero-knowledge proofs, staking and parallel execution have all trended at various points, only to be overtaken by the next hot thing.

It is natural for people to follow narratives in an attempt to “ride the wave.” Founders of early-stage projects are no different, often trying to steer their vision toward ideas that can garner outsize attention and funding.

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$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14.

With more than half a billion dollars pouring into the funds, Bitcoin’s (BTC) price topped $67,800 — its highest in more than three months.

ETF Store president Nate Geraci described the event as a landmark day for spot BTC ETFs, noting that they were approaching $20 billion in net inflows over the previous 10 months.

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Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios

September 24, 2024 Bitcoin.com

bitcoin.com

A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […]

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Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

September 11, 2024 Coin Telegraph

Bitcoin

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.

The United States Federal Bureau of Investigation announced on Sept. 3 that North Korean scammers and hackers were targeting firms associated with cryptocurrency-related exchange-traded funds (ETFs).

Despite the billions of dollars flowing into these crypto ETFs, investors may be too quick to assume their assets are fully secure.

North Korean hacker groups such as Lazarus Group are no strangers to the cryptocurrency industry and are suspected of committing a number of hacks against prominent exchanges and blockchain protocols.

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Vitalik says ‘at present’ his donations yield better gains than investments

September 6, 2024 Coin Telegraph

Coin Telegraph

The commentary came as the Ethereum co-founder denies allegations that he’s cashing out crypto for profit.

Ethereum co-founder Vitalik Buterin recently explained that he would no longer invest in layer-2 projects and that all proceeds from selling Ether would be donated “to support public goods within the Ethereum ecosystem or broader charity.”

Buterin’s remarks came in response to questions raised by users on X.com over a recent slate of cryptocurrency transfers he’d been involved in. As Cointelegraph recently reported, Buterin was accused by crypto denizens on social media of dumping millions in Ether (ETH) for personal profit. He subsequently denied these allegations saying that “all sales have been to support various projects that I think are valuable.”

Source: Vitalik Buterin

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Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

September 2, 2024 Bitcoin.com

Arrest

South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […]

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Central banks buying gold at record levels, but Bitcoin still outperforms

September 2, 2024 Coin Telegraph

Bitcoin

Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.

Central banks across the globe have been stocking up their gold reserves at record levels this year in a pivot to store of value assets.

In a post on X on Sept. 2, macroeconomics outlet, the Kobeissi Letter reported that global net gold purchases by central banks reached 483 tonnes in the first half of 2024, the most on record.

It added that the figure is 5% higher than the previous record of 460 tonnes which was set in the first half of 2023. In Q2 2024, central banks bought 183 tonnes of gold, marking a 6% increase year-over-year.

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