Altcoin News by Thebittimes.Com

1. Bitcoin Spot ETF Sees $887 Million Net Inflows on June 4, Sustains 17-Day Inflow Streak link On June 4, Grayscale’s GBTC ETF experienced a net inflow of $28.195 million. On the same day, the Bitcoin spot ETF with the highest net inflow was Fidelity’s FBTC, which saw an impressive $379 million. Following closely was BlackRock’s IBIT, with a net inflow of $274 million. Currently, BlackRock’s IBIT manages assets worth $20.82 billion, surpassing Grayscale’s GBTC, which has $20.12 billion in assets under management. Fidelity’s FBTC ranks third with $12.01 billion in assets. 2. SEC Chair Gary Gensler: Approval of ETH ETF Will “Take Some Time” link U.S. SEC Chairman Gary Gensler stated that the approval of an ETH ETF will “take some time,” suggesting that the S-1 approval process may proceed slowly. Additionally, Gensler remarked that “what cryptocurrency exchanges are doing is something the law would never allow the New York Stock Exchange or traditional exchanges to do.” 3. Tokenized Tre...

Author | Wublockchain Editorial Department On January 10th, US time, the US SEC announced the approval of the Bitcoin spot ETF. After several mishaps, including the premature release of the approval information due to the US SEC’s official Twitter account being hacked just the day before, the Bitcoin spot ETF has finally been fully approved. The specific list and details are as follows: It’s noteworthy that, due to expectations for the spot ETF, Bitcoin’s trend has deviated from that of the Nasdaq. According to data tracked by research provider Fairlead Strategies, the 40-day correlation between Bitcoin and Nasdaq is currently zero, indicating a lack of correlation between the asset classes. Since early 2020, the correlation between Bitcoin and Nasdaq has been positive, reaching a peak of 0.8 during the 2022 cryptocurrency bear market. The core reason is the external expectations for the spot Bitcoin ETF. Unusually, Bitcoin showed little fluctuation in the 24 hours before and shortly a...

This article is jointly published by X-explore and WuBlockchain. Since Uniswap began using airdrop strategies to reward its early users in 2020, airdrops have sparked a huge craze in Web3. Influenced by this, numerous projects have seen a surge in people hunting for the next "free lunch" (looking for new airdrop projects). Now, nearly three years have passed since Uniswap's airdrop, and during this time many large projects have followed suit, using airdrops to reward users or attract attention. According to estimates from X-explore, over 20% of the airdrops in Arbitrum's airdrop in March this year were claimed by so-called "free riders" who use Sybil attacks. Therefore, we hope to answer the following two questions through a deep analysis of users who have successfully claimed multiple airdrops: Who are these airdrop "experts"? What are their subsequent "targets"? To answer the above questions, among the myriad of Ethereum and its layer 2...