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Digital Asset Products Hit Record $3.1B Weekly Inflows; Solana Outshines Rivals

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The digital asset market recorded a historic milestone last week, with $3.1 billion in inflows—the highest weekly figure ever. Among the standout performers, Solana ($SOL) emerged as a leader, capturing $16 million in inflows, a figure five times greater than Ethereum’s. Solana’s Growing Ecosystem   Over the past week, more than $300 million has been bridged … Read more

Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds

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Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by … Read more

UK Court Recognizes USDT as ‘Distinct Form of Property’

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A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business … Read more

Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout

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Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader … Read more

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

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According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the … Read more

Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions

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On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution … Read more

Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain

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According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to … Read more

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

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Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency … Read more