kanem (@kanem) • Hey
improving daily in the possiblities of web3.
Publications
- Are you positioned for what's coming?
- Zksync just confirmed today that the final piece of the Total decentralization will be concluded on the last day of June.
This means that the long anticipated $ZKS token will be in Q3.
What do you think about this new development?
Do you think a snapshot has already been taken? 📸
- Good growth
- What do you think will be the price of socials at TGE and what exchanges do you think it will be launched?
- The US Bitcoin Spot ETF is experiencing a remarkable surge in weekly inflows, soaring to an impressive $ 2.5 billion on March 15. This surge signifies a renewed sense of trust from Wall Street investors towards the cryptocurrency market.However, as the Federal Open Market Committee (FOMC) meeting approaches, concerns loom over a potential correction in Bitcoin's price due to recent market turbulence. Yet, despite these concerns, Bitcoin ETF inflows have surged, indicating a growing interest from Wall Street.According to data from Farside Investor, the US Spot Bitcoin ETF witnessed substantial inflows of $ 198.8 million on March 15, marking a significant increase from $ 132.7 million the day prior. Fidelity’s FBTC also experienced a surge, attracting $ 155.6 million in inflows on the same day, surpassing BlackRock’s IBIT which only saw $ 13.7 million on March 14.Interestingly, BlackRock’s IBIT witnessed a decline to $ 139.8 million on Friday from $ 345.4 million the day before. In contrast, Grayscale’s GBTC outflow dropped to $ 139.4 million on Friday, down from $ 257.1 million on Thursday.Despite these fluctuations, this week witnessed a substantial increase in capital flows, particularly in the first three days, propelling total weekly capital flows to an impressive $ 2.56 billion. Analysts attribute this surge to Bitcoin's recent surge to new highs, attracting attention from major institutions in the cryptocurrency sphere.However, amidst this positive momentum, investors remain cautious ahead of the crucial FOMC decision next week. The market eagerly awaits the Fed’s stance on potential interest rate hikes amidst persistent inflationary pressures.Recent data on the Consumer Price Index (CPI) and Producer Price Index (PPI) have revealed higher-than-expected inflation rates, weighing on investor sentiment and urging a more cautious approach amidst market instability. Some market analysts anticipate increased volatility leading up to the FOMC decision next week.Despite short-term market fluctuations, Bitcoin has demonstrated remarkable resilience, surpassing the $ 70,000 milestone within the past 24 hours. Analysts maintain an optimistic outlook on cryptocurrency performance, particularly buoyed by speculation surrounding the upcoming Bitcoin Halving.While historical data suggests that Bitcoin prices tend to surge following halving events, investors remain mindful of inherent risks. Nonetheless, overall sentiment remains bullish regarding Bitcoin’s long-term prospects.At the time of writing, Bitcoin's price has risen by 1.84% to $ 69,042.30, with trading volume decreasing by 18.28% to $ 61.70 billion. Over the past 24 hours, BTC price has fluctuated between a high of $ 70,557.61 and a low of $ 65,630.69.
- BERA CHAIN BAGS $ 69MILLION IN FUND RAISING
The Layer-1 blockchain Berachain has successfully conducted a fundraising round worth $ 69 million USD, bringing the total valuation of this Layer-1 blockchain platform to $ 1.5 billion USD with significant participation from investment funds such as Brevan Howard Digital and Framework Ventures.
Previously, this Layer-1 project had successfully raised $ 42 million USD, leading to a valuation of $ 420 million USD – a significant milestone for a project that started with developing an NFT platform.
Currently, Berachain is deploying its testnet, which began in January 2024. This testnet deployment aims to open up for community testing after completing a closed testnet round for DeFi projects one month prior.
- The investment in memecoins was drawn from the 100 million USD Culture Catalyst fund announced by Avalanche in March 2022 to promote web3 in the ecosystem.
However, these memecoins have not shown significant reactions following Avalanche’s announcement. In the past 24 hours, their fluctuations have been as follows: COQ (-16%), TECH (-27%), KIMBO (+7%), NOCHILL (+2%), and GEC (+64%).
The Avalanche Foundation announced its memecoin investment plan last year after recognizing the importance of this segment. The condition for gaining the fund’s attention is that the coins must have high community value.
The investment appetite shared by the fund is:
Each community coin held by the fund must adhere to the conditions set by the fund. They often bring value to Avalanche and the web3 space in general.
In addition to memecoins, the Avalanche Foundation is also considering adding other ERC-404 tokens to expand its investment portfolio and may adjust its criteria in the future.
Memecoins have been one of the main segments contributing to the recent prominent market development. Some of the hottest names include Pepe, Dogecoin, Floki, Wif, and Bonk.
Furthermore, the Avalanche Foundation is also considering adding other ERC-404 tokens to its investment portfolio and may adjust its criteria in the future.
- Looking out for new narratives out there
- Happy New Year
- As we step into 24 don't go in like 23.
You will be left behind.
- Merry Christmas chads