Grayscale’s GBTC has just notched its largest day of outflows since its launch, though ETF analysts are optimistic that BTC ETFs are only just starting to gain momentum.
Adoption News
In general, adoption, as it relates to the technology world, is the process of something becoming more widely used and well known. Blockchain adoption has increased over the years since Bitcoin (BTC) launched in 2009 as an asset running on blockchain technology. Distributed ledger technology, or DLT, has caught the attention of mainstream companies for various use cases, such as supply chain management, while many crypto-native projects continue harnessing the tech.
Bitcoin adoption has also grown since the asset first came into the world, with entities showing greater interest in allocating funds to BTC. The Bitcoin adoption rate has increased over time. Cryptocurrency adoption, in general, has also increased, as assets other than Bitcoin have gained publicity.
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Some industry pundits say USDM has superior properties to USDT and USDC in that it can’t be frozen — but problems could arise if regulators demand action.
1471The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income.
2038The complexity of crypto accounting and integration with traditional financial systems pose significant barriers to broader adoption.
2473The wallet received a $30 million controlling-stake investment by crypto exchange Bitget in March 2023 and rebranded shortly after.
5464The partnership allows MetaMask users to export their tax information into CoinLedger via a single click.
3090The SEC could bring more regulatory scrutiny toward Ether ETF applications, despite the prior approval of spot Bitcoin ETFs, according to Recharge Capital’s John Lo.
1050“Presale is live for the ever-fashionable SOL-loving Milady wif hat. Sending some love to the SOL community now,” the project wrote.
9051Traders want to make their millions on Solana memecoins, but crypto proponents believe this is risky and would benefit the industry if it ends sooner rather than later.
5440Mehen Finance planned to launch USDM in early 2023 but saw delays after crypto-friendly banks shuttered in 2023 and its banking partner went to work with Circle.
4927The 350% jump in Base daily transactions came amid a vast reduction in fees following the Dencun upgrade.
5433Starbucks’ decision to end its NFT rewards program aligns with similar moves by other major companies in the last year.
8338Loneliness is a growing economy, and this Web3 game aims to introduce AI-powered digital companions to stabilize it.
13301Vanguard CEO Tim Buckley is resisting customer pressure to offer a spot Bitcoin ETF despite several of the firm’s competitors already offering them.
11340According to the World Economic Forum, the automotive, energy, software, aerospace and defense industries are leading the way for industrial metaverse investment.
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