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1. In Three Days, Nine Ethereum Spot ETFs Experience Combined Outflow of $179 Million link The Ethereum spot ETFs launched this Tuesday, with the nine ETFs collectively seeing an inflow of $107 million and a total trading volume exceeding $1.1 billion on their first day. BlackRock’s ETHA led with an inflow of $266.5 million, followed by Bitwise’s ETHW with $204 million, and Fidelity’s FETH with $71.3 million. In contrast, Grayscale’s ETHE experienced an outflow of $484 million. Despite the strong debut, Ethereum spot ETFs have continued to face outflows since Wednesday. On Wednesday alone, there was a net outflow of $133 million, and on Thursday, a net outflow of $152 million. As of the latest update, the total net asset value of Ethereum spot ETFs is $8.969 billion, with an ETF net asset ratio (market cap relative to Ethereum’s total market cap) of 2.36%, and a cumulative net outflow of $179 million. Major market maker Wintermute anticipates that Ethereum ETFs could attract up to $4 b...

This article is sponsored by Core. Self-introduction My passion for crypto began in 2013 when the concept of Bitcoin as a non-sovereign store of value, or digital gold, blew me away. Then, around the 2017 cryptocurrency boom, I fully dove into the space, fascinated by Ethereum and the possibilities its programmability offered when combined with the decentralized system pioneered by Bitcoin. Fast forward a few years, I navigated my way to Coinbase, where I led the Money Movements Engineering team for three and a half years. My tenure at Coinbase provided me with firsthand experience of the immense innovation, demand, and potential within the crypto sector. Despite the excitement around new block chain technologies pushing the boundaries, Bitcoin consistently remained the cornerstone of the industry. This consistency reinforced my belief that Bitcoin is here to stay and that long-term success in the crypto space hinges on building with Bitcoin as a foundation. That philosophy, in additi...

Victoria, Seychelles, November 13th, 2023, Chainwire Renowned as one of the pioneers in multi-chain trading based on zero-knowledge (ZK) proof technology, zkLink has announced that it has integrated support for Bitget Wallet (formerly known as BitKeep). As a prominent trading infrastructure solution provider, zkLink facilitates interoperability across a myriad of Layer 1 and Layer 2 blockchains, utilizing cutting-edge multi-chain ZK-Rollup technology to streamline cross-chain and cross-rollup interactions. Following the integration with Bitget Wallet, users may now easily access zkLink’s diverse suite of official ecosystem DApps via the Bitget Wallet browser extension, including ZKEX, a widely-acclaimed multi-chain order book DEX. Users may also now engage in spot and perpetual contract trading over a wide diversity of blockchains, including zkSync Era, Linea, BNB Chain, Arbitrum, Polygon, Avalanche, Optimism, and Base, right from their Bitget Wallet. Addi...

1. SpaceX’s Past Sale of $373 Million Worth of Bitcoin link On August 18th, according to The Wall Street Journal, SpaceX recorded holdings of $373 million worth of Bitcoin on its balance sheets in 2021 and 2022, which were subsequently sold. Additionally, another company owned by Elon Musk, Tesla, liquidated over 30,000 Bitcoins worth $936 million in the second quarter of 2022, accounting for 75% of its initial $1.5 billion Bitcoin holdings. Perhaps in response to this news, Bitcoin briefly dropped to $25,166 on the Binance exchange, experiencing an intraday decline of 13.50%, while Ethereum dropped to a low of $1,550, marking a maximum intraday decline of 14.80%. According to coinglass data, within the last 12 hours since August 18th in UTC+8 timezone, a total of $1 billion worth of positions were liquidated across the entire network, with $483 million in Bitcoin liquidations and $300 million in Ethereum liquidations. 81.3% of these were long positions. As per parsec data, on August ...

The rise of blockchain technology has transformed the way we approach transparency, security, and decentralization in digital interactions.  Yet, in this dynamic landscape, as the technology evolves, certain challenges have emerged, particularly in the context of the Ethereum (ETH) blockchain – scalability, interoperability, and transaction speed.  Addressing these crucial issues are Ethereum Virtual Machine (EVM)-compatible chains, carving out new pathways to a future where blockchain becomes a cornerstone of our digital lives. These chains represent the next level of blockchain technology, unlocking new horizons of scalability, interoperability, and transactional efficiency. They are the stepping stones to broader adoption and a fuller realization of the technology. We delved into the discussion with Alex Shevchenko, co-founder and CEO of Aurora Labs, the team behind an EVM-compatible chain Aurora built on the NEAR Protocol, to explore the vast implications of these chains. ...

After unveiling Polygon 2.0 last week, Polygon Labs introduced a proposal to upgrade its proof-of-stake chain to a zkEVM validium , which it says would improve security and performance.  With Polygon 2.0, its developers signaled their intention to capture the “value layer” of the internet. This proposal, they say, is an “important step” toward that goal. With this proposed upgrade, the proof-of-stake, or PoS, chain now has a clear roadmap toward integrating zero-knowledge proofs into its infrastructure, a technology many believe is the future of smart contract blockchains. However, it’s important to note that this will be separate from Polygon’s zkEVM that it introduced in late March. The proposal aims to tackle several problems faced by Polygon PoS, one of which is incredibly fast block times, which sounds like a positive. However, the speed ends up decreasing the efficiency of its gas estimation model, which sometimes causes gas price spikes, resulting in processing delays for ...