DWF Labs Buys 1.9 Trillion LADYS Meme Token on Uniswap v3 for $196,000 Worth of ETH
DWF Labs, an investment firm and digital asset market maker, has purchased 1.9 trillion LADYS, a meme token, for 108 ETH worth approximately $196,000 on Uniswap v3. Although it is unclear why DWF Labs is buying the token, there are concerns that they may be attempting to pump LADYS to liquidate and profit later.
Bitcoin Funds See Continued Outflows While Altcoins Attract Selective Investments
CoinShares, a European cryptocurrency investment firm, has reported that digital asset investment products have seen a continued streak of outflows, with a total of $54 million exiting the market. Bitcoin funds witnessed outflows of $38 million, accounting for 80% of the total outflows over the past four weeks.
Digital Asset Investment Products Experience Consecutive Outflows, Bitcoin Dominates Outflows with $38 Million
CoinShares' latest "Digital Asset Fund Flows Report" revealed that digital asset investment products saw $54 million in outflows, bringing the total outflow to $200 million, or 0.6% of total assets under management. Bitcoin funds experienced the majority of outflows, with $38 million leaving in the past week and $160 million over the past four weeks. However, there were inflows observed across eight different altcoin assets, indicating that investors are becoming more selective in their investment choices. A recent survey suggests that in the event of a theoretical debt default in the United States, Bitcoin could emerge as one of the top three assets alongside gold and United States Treasurys.
Cardano Founder Criticizes Democrat Committee Memo on Crypto Regulation, Urges Prioritization in Elections
Charles Hoskinson, the founder of Cardano blockchain, has criticized a memo from the Democrat Committee on digital asset regulation and urged US citizens to prioritize the issue in upcoming elections. The memo, which was circulated among Democrat Committee members, has sparked debates and drawn criticism from prominent figures in the crypto community.
VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High
The cryptocurrency Sui has made waves with its market debut, but its price has sunk 37% from its all-time high. Sui is a decentralized finance (DeFi) platform that aims to provide a more efficient and accessible alternative to traditional financial services.
Fierce Chooses Paxos to Power Digital Asset Buy, Sell & Hold Capabilities
Paxos, the regulated blockchain infrastructure platform for enterprises, and Fierce, the innovative financial super app that empowers individuals to leverage the best of fintech, have announced that Paxos will power Fierce's new digital asset experience via the Fierce mobile application. This new functionality is open to all Fierce users.
A Beginner’s Guide to Getting Started in Crypto: Navigating the World of Digital Assets
Cryptocurrency has taken the financial world by storm, captivating both seasoned investors and newcomers alike.
Bermuda Premier David Burt: 'Nobody is Coming to Bermuda to Flee Regulation'
Bermuda’s prison has a spectacular ocean view, but digital asset companies aren’t setting up shop so their executives can see the inside of it, the island’s Premier said on stage at the Consensus 2023 festival.
JPMorgan Pursues Tokenization Plans Despite Crypto Downturn and Regulatory Hurdles
Major Wall Street investment bank JPMorgan is moving forward with its push to tokenize traditional financial assets despite last year’s market downturn.
SBF’s ‘Ghost Is Still in This Room,’ Congressman Says at Digital Asset Hearing
It’s not Halloween, but crypto critic Rep. Brad Sherman, D-Calif., is seeing ghosts.
