Author: cryptotechbro
A recent report by Bloomberg revealed that new hedge funds, pension funds, and banks own and continue to pour capital into the successful spot Bitcoin ETF market launched earlier this year in the United States. 701 New Funds Enter Bitcoin ETF Arena The latest data from Bloomberg indicates that following the recent deadline for filing second-quarter 13F reports with the US Securities and Exchange Commission (SEC), 701 new funds have disclosed their holdings in spot Bitcoin ETFs, pushing the overall count to nearly 1,950 holders. Buyers in this surging trend include hedge funds like Millennium Management, which have stakes in…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The TransiT Hub has confirmed £46 million worth of funding from the United Kingdom government and other partners to build digital twins to decarbonize UK transport. The firm has partnered with around 70 firms to secure the financing, including Glasgow and Edinburgh University. TransiT Hub has also secured funding from the UKRI Engineering and Physical Sciences Research Council (EPSRC). The initiative comes as UK Transport looks to improve the efficiency of its operations and enhance sustainability by reducing carbon emissions. TransiT will build digital twins to map the transport sector and monitor, inform, and assess the impact of policy and…
In a new development, on-chain data from DeFiLlama shows that Pump.fun, a launchpad on Solana allowing users to create and deploy tokens, mainly meme coins, generates more fees than some of the top protocols in Solana and Ethereum. Pump.fun Generates More Fees Than Ethereum DeFiLlama data shows that the launchpad generated $5.3 million in fees in the past day alone. At this pace, it is nearly double the $2.3 million by Lido, a top liquidity staking platform on Ethereum. Interestingly, Pump.fun generates more fees than Ethereum, a network known for charging relatively higher gas fees than all other blockchains. Over…
MOUNTAIN VIEW, Calif. & ATLANTA–(BUSINESS WIRE)–Jeh Aerospace, a leader in precision aerospace manufacturing, and GridRaster, a pioneer in Spatial AI and Extended Reality (XR) solutions, announced a strategic partnership to transform aerospace manufacturing through the integration of Spatial AI, augmented reality (AR) and virtual reality (VR) technologies. This collaboration will bring cutting-edge XR capabilities to training, inspection, and work-assistant use cases in aerospace manufacturing. “We are thrilled to partner with Jeh Aerospace to bring the transformative power of Spatial AI and AR/VR to the aerospace manufacturing industry. Our platform’s ability to deliver high-precision Spatial AI and high-quality immersive experiences will empower Jeh…
Exodus’ operating revenue in Q2 2024 was primarily driven by the wallet’s exchange aggregation service, which netted $19.9 million.
Chun Wang, the co-founder of Bitcoin mining pool f2pool and a well-known figure in the Bitcoin community, is set to command SpaceX’s first human spaceflight mission to explore Earth’s polar regions from orbit. Wang, who began mining Bitcoin back in 2011, said he has been eagerly preparing for this mission for the past 2.5 years and has been involved in every aspect of the mission, from the initial proposal and planning to the trajectory design and crew selection.“Named in honor of the ship that helped explorers first reach Earth’s Arctic and Antarctic regions, Fram2 will be commanded by Chun Wang, an…
The Solana meme coin ecosystem has been one of the major talking points in this bull run, as crypto investors continue to bet on tokens that launch from the meme coin generator Pump.fun. However, Solana traders might be having a rethink as data from the on-chain analytics platform Dune shows a dwindling interest in these meme coins. Pump.fun Sees Massive Decline Data from Dune Analytics shows a massive decline in the number of weekly new addresses on Pump.fun, indicating a decline in interest in meme coins generated on the platform. During the week that ended on August 12, Pump.fun recorded…
According to the analysts on the Discover Crypto YouTube channel (with 1.4 million subscribers), Cardano might surge to $5. This prediction starkly contrasts with the pessimistic views currently circulating within the broader cryptocurrency community, challenging recent headlines that have questioned ADA’s future viability. Why Cardano Could Hit $5 The analyst first addressed the negative sentiment surrounding Cardano, pointing out a series of bearish headlines from various crypto news outlets. He highlighted the contradiction between the public perception of Cardano as a “dead coin”t and the ongoing vigorous development activities within the Cardano ecosystem. “Despite what the mainstream media is portraying,…
Insider Brief Altair and L&T Technology Services (LTTS) have launched a digital twin center of excellence to accelerate digital transformation across industries like mobility, high-tech, and sustainability. The center will provide cutting-edge digital twin capabilities, including AI-powered engineering, predictive maintenance, and rapid product development, to help organizations enhance innovation and efficiency. The partnership aims to redefine industry standards by leveraging LTTS’s cross-domain engineering expertise and Altair’s simulation and data analysis technologies. Image: Provided PRESS RELEASE — – Altair (Nasdaq: ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global digital engineering and R&D services company, jointly announced the…