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On October 25, the segment of American crypto funds based on the first cryptocurrency saw an inflow of $402.8 million. The leader in inflows was the spot Bitcoin ETF from BlackRock, with approximately $292 million. The Ethereum-based exchange-traded fund sector recorded an outflow of over $19 million. On October 25, 2024, the net inflow into spot Bitcoin ETFs amounted to $402.8 million. The majority of the financial inflows were directed towards the crypto fund from BlackRock. The investment product under the ticker IBIT received nearly $292 million, according to SoSo Value. In second place by the amount of capital received…
Microsoft Corporation intends to consider the possibility of acquiring the first cryptocurrency. The company will vote on this matter at the shareholders’ meeting in December. The board of directors recommends rejecting the proposal. Microsoft Corporation will explore the potential opportunity to invest in Bitcoin. Representatives of the tech giant will put this issue to a vote during the shareholders’ meeting scheduled for December 10, 2024. The company’s interest in the first cryptocurrency became known through documents filed with the U.S. Securities and Exchange Commission (SEC). The so-called “Bitcoin Investment Assessment” was proposed by the National Center for Public Policy Research.…
The Manhattan District Attorney’s Office is investigating the activities of the USDT stablecoin issuer. The U.S. Treasury is concurrently considering the possibility of imposing sanctions against Tether. Paolo Ardoino has denied these reports and criticized media representatives. U.S. federal authorities are investigating the activities of the USDT stablecoin issuer, the cryptocurrency company Tether, according to the WSJ. According to media reports, the case concerns violations of anti-money laundering regulations and non-compliance with sanctions. Investigators from the Manhattan District Attorney’s Office have opened a criminal investigation, while representatives from the U.S. Treasury are exploring the possibility of imposing restrictions on Tether.…
On the night of Saturday, October 26, the price of the first cryptocurrency temporarily fell below $66,000. At the time of writing, Bitcoin is trading above $67,100. According to CoinGecko, digital gold has lost 0.7% in the last 24 hours, with a market capitalization exceeding $1.3 trillion. A likely reason for the temporary correction in the cryptocurrency market is Israel’s attack on Iran. All digital assets in the top 10 by market capitalization have moved into the “red zone” following Bitcoin. Solana (-3.4%) and Dogecoin (-3.3%) experienced the most significant losses over the day. The total market capitalization of digital…
By 2024, the cryptocurrency market has developed a full-fledged sector of meme coins. These assets are characterized by high volatility, meaning that investments in them carry both the potential for significant returns and equally high risks. According to Google Trends, as of this writing, user interest in meme tokens fluctuates between 26 and 73 points. The editorial team at Incrypted has delved into the phenomenon of this asset class and assessed their potential. What Are Meme Coins and Why Are They Popular? Meme tokens are digital assets that blend pop culture with investment tools. These instruments are often created as…
Despite its price, Dogecoin remains a popular cryptocurrency project, even though it was initially perceived as a joke. However, Dogecoin is more than just a meme; it has its own blockchain and network security through a Proof-of-Work algorithm, similar to other digital coins. Moreover, Dogecoin rightfully holds a place in the top 10 cryptocurrencies by market capitalization. What is Dogecoin? The startup was first introduced to the market in 2013 by Billy Markus and Jackson Palmer. The name itself was inspired by the popular meme featuring the Shiba Inu dog, known as “Doge.” Although this meme is no longer as…
According to Grayscale, in 2024, alongside Bitcoin, significant growth was observed in certain segments of the cryptocurrency market, such as artificial intelligence and tokenized assets (RWA), increasing demand for related infrastructure projects. This led to a price rally for several altcoins noted by the company’s analysts. In this review, we will explore the top 10 altcoins from Grayscale’s ranking, which exhibit high growth potential and may strengthen their positions in the market in the medium to long term. Criteria for Selecting the Best Altcoins The report presented by Grayscale Research at the end of September 2024 includes 20 promising assets…
Experts from Arkham Intelligence detected the movement of funds from a U.S. government-controlled wallet. On the evening of October 24, 2024, experts from Arkham Intelligence detected the movement of crypto assets in a wallet allegedly linked to the U.S. government. The crypto detective using the pseudonym ZachXBT suggested that this might be a hack, as the funds were sent to so-called instant exchanges. Shortly before these transactions occurred, experts from Arkham Intelligence also reported the withdrawal of USDT and USDC from the Aave protocol, marking the first time in eight months. These funds, along with 177.89 ETH and 13.7 million…
A top executive of Binance has left Nigeria after the charges were dropped. Tigran Gambaryan had been in jail for eight months. Tigran Gambaryan, a top executive at the cryptocurrency exchange Binance, has left Nigeria after spending eight months in jail. This information comes from CoinDesk, citing his lawyer. Gambaryan and Binance were accused of money laundering and currency speculation amounting to $34.4 million. During the court hearing, a prosecutor from Nigeria’s Economic and Financial Crimes Commission stated: “The government reviewed the case, taking into account that the second defendant (Gambaryan) is an employee of the first defendant (Binance), whose…
Analysts have identified a key condition for the start of the new altcoin season. According to Hashkey Capital, the first cryptocurrency must surpass the $80,000 mark for this to occur. This means that Bitcoin’s price needs to increase by approximately 18%, given its current price of $67,440. Experts from the investment company Hashkey Capital stated that a new altcoin season could begin if the price of the first cryptocurrency rises to $80,000. At the same time, analysts believe that Bitcoin’s dominance should reach a level of 62-70%. According to the firm’s report, the third quarter of 2024 was marked by…