Coinatory

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced notable inflows of $131 million on June 7, marking a 19-day streak of positive net movements. Despite this, ARK 21Shares Bitcoin ETF (ARKB) reported net outflows totaling 1,364 BTC, equivalent to approximately $96.84 million, reducing its holdings to 48,939 BTC, or roughly $3.47 billion. Data from Lookonchain indicated that on June 7, an additional 3,689 BTC, valued at $261.91 million, was infused across nine distinct ETFs. This surge was primarily driven by BlackRock, which added 4,896 BTC valued at $347.61 million, boosting its total holdings to an impressive 302,540 BTC, worth $21.48 billion. This strong inflow highlights growing investor confidence, especially in products from BlackRock and Fidelity, overshadowing the outflows from ARK 21Shares. The Valkyrie Read more about Bitcoin ETFs See $131M Inflows Despite Market Volatility #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Re...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious17:002 points3-Year Note Auction---------4.605% Read more about Upcoming economic events 10 June 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Aptos, a leading layer-1 blockchain, has integrated dWallet to enhance multi-chain interoperability for DeFi and Web3 gaming applications. This collaboration introduces Zero Trust Protocols (ZTPs) to the Aptos ecosystem, enabling seamless transactions across Bitcoin (BTC) and Ethereum (ETH) without bridging or token wrapping. The integration of dWallet’s technology into Aptos aims to simplify the user experience in decentralized finance (DeFi) and Web3 gaming by leveraging advanced multi-chain capabilities. Co-founder of dWallet Network, Omer Sadika, emphasized that this partnership facilitates native BTC and ETH transactions directly on Aptos, eliminating the complexities traditionally associated with cross-chain activities. “Expanding dWallet’s technological stack to Aptos is a significant step towards broadening the horizons fo Read more about Aptos Partners with dWallet to Boost Multi-Chain DeFi and Web3 Gaming #Aptos, #Cryptocurrency, #Cryptomarket, #Cryptonewstod...

OKX’s experimental program on Bitcoin’s network has led to a dramatic increase in transaction fees, pushing the average cost to over $50 per transfer. On Friday, Bitcoin transaction fees skyrocketed, with data from mempool.space indicating an average of $52 per transaction. This surge necessitated the payment of over 5.4 BTC (approximately $400,000) to miners for a single block generation. The anomaly in transaction fees was traced back to crypto exchange OKX, which admitted to testing a new "collection program" on the Bitcoin network. The revelation came from OKX's Chinese account on X, formerly known as Twitter, where they confirmed their involvement and announced the termination of the test. However, the specific mechanism through which OKX influenced the Bitcoin network's fee structure remains undisclosed. Web3 analyst @19 Read more about Bitcoin Fees Soar Over $50 as OKX Tests 'Collection Program' #CollectionProgram, #Cryptocurrency, #Cryptomarket, #Crypt...

Coinbase, a publicly traded U.S.-based cryptocurrency exchange renowned for its development of Base, an Ethereum layer-2 solution, has unveiled a new metric, the h-index, to improve the accuracy of blockchain network adoption tracking. This initiative aims to address distortions arising from airdrop-related activities and Sybil attacks. In a research report released on Friday, Coinbase highlighted that investments in blockchain infrastructure have resulted in an abundance of blockspace. This surplus has reduced the cost of onchain transactions and spurred the development of decentralized applications. However, this evolution complicates the tracking of ecosystem adoption due to the increased number of applications. Traditional metrics like total transactions or daily active addresses can be skewed by Sybil attacks and airdrop Read more about Coinbase Introduces h-Index to Enhance Blockchain Adoption Metrics #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious10:002 pointsEuropean Parliament Elections------------------ Read more about Upcoming economic events 8 June 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

The Hong Kong Monetary Authority (HKMA) has issued a public warning against an unregulated cryptocurrency exchange, “Kucoin,” which is allegedly involved in fraudulent activities. According to the HKMA, this platform falsely claims to be regulated by the authority and has been demanding payments to release funds from frozen accounts. In an official notice released on the Hong Kong Special Administrative Region’s government website, the HKMA highlighted that Kucoin has been circulating documents purportedly from the authority, misleadingly stating that it is licensed by the HKMA. These documents have reportedly been used to solicit fees from individuals to purportedly recover funds from inaccessible accounts. The HKMA has emphasized that it has no association with Kucoin and does not engage in personal financial matters with the pu Read more about HKMA Warns of Fraudulent Claims by Unregulated Crypto Exchange ‘Kucoin’ #Cryptocurrency, #Cryptomarket, #Crypton...

Kraken, a leading cryptocurrency exchange, is in the final stages of securing a $100 million funding round before its anticipated initial public offering (IPO), as reported by Bloomberg. Sources familiar with the negotiations suggest that Kraken aims to finalize this funding by year-end. When approached by crypto.news, a Kraken spokesperson declined to comment on the ongoing discussions. Kraken, a pioneer in the cryptocurrency industry, continues to advance despite facing significant legal challenges. The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Kraken last year, alleging the commingling of client assets with corporate funds and operating an unregistered securities exchange. Kraken has denied these allegations and is currently engaged in a legal battle with the SEC, alongside other industry giants Read more about Kraken Eyes $100 Million Pre-IPO Funding Round #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Kraken, #News, #Regulations