Crypto News
VanEck-Backed Superform Launches DeFi Product for ‘Intelligent’ USDC Yield
Superform, backed by Circle and VanEck, has launched a product that automatically finds yield opportunities in DeFi.Source link
Crypto ETFs Keep Winning: Bitcoin Pulls in $223M, Ether Joins with $102M Boost
U.S. spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) enjoyed a positive momentum on Wednesday. BTC-focused ETFs brought in $223.03 million, while their ETH counterparts saw inflows of $102.03 million. Bitcoin and Ether ETFs Continue to Rally On Wednesday, the 12 U.S. spot bitcoin (BTC) exchange-traded funds (ETFs) collectively attracted $223.03 million in inflowsSource link
There’s Now $3.6 Billion Worth of Bitcoin Deposited on Babylon Chain
Babylon Chain has seen $1.2 billion worth of Bitcoin deposits in 48 hours.Source link
Ethereum’s Ether Headed to $5K as Activity, Institutional Demand Grows
Investor demand, onchain metrics and network activity are setting up ether (ETH) to reach a $5,000 level for the first time, CryptoQuant analysts said in a report.Ether spot ETFs posted a 13-day inflow streak on Wednesday to reach nearly $2 billion in cumulative net inflows. The funds attracted their first billion from July to early December, but SoSoValue data shows that they needed only five trading days to capture the next billion.Total daily transactions hovered around the 6.5 million to 7.5 million level in the past few months, compared to about 5 million through 2023, indicative of higher network activity.Meanwhile, the total supply of ETH has reached its highest level since April 2023, but the amount of ETH burned via...
Supreme Court Rules Against Nvidia Motion to Dismiss Crypto Lawsuit
The company "would have preferred a decision on the merits affirming the trial court’s dismissal of the case," Nvidia told Decrypt.Source link