TL;DR Breakdown Cameron Winklevoss, the co-founder of Gemini, suggested that “The Great Accumulation” of Bitcoin has commenced between institutional investors and retail investors.  According to industry experts, “The Great Accumulation Race” for Bitcoin has been sparked by renewed optimism for an approved BTC spot exchange-traded fund (ETF). Despite the anticipation surrounding Bitcoin ETFs and the increasing institutional interest, it’s important to note that BTC initially achieved significant market cap growth without much institutional participation.  Description “The Great Accumulation Race” for Bitcoin has been sparked by renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF), according to industry experts. Several major players in the investment industry, including Fidelity, Invesco, Wisdom Tree, and Valkyrie, have recently applied for a Bitcoin spot ETF with the United States Securities Exchange Commission (SEC), following … Read more “The Great Accumulation Race” for Bitcoin has been sparked by renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF), according to industry experts. Several major players in the investment industry, including Fidelity, Invesco, Wisdom Tree, and Valkyrie, have recently applied for a Bitcoin spot ETF with…

TL;DR Breakdown Open Exchange (OPNX) and 3AC Ventures have announced a partnership to support projects within the OPNX ecosystem. The collaboration is focused on fostering innovation and resilience in the crypto industry, with a specific emphasis on initiatives that contribute to the decentralized future of finance. Description In a surprising turn of events, the co-founders of Three Arrows Capital (3AC), Su Zhu and Kyle Davies, have resurfaced with a new venture capital fund named 3AC Ventures. This move comes after the bankruptcy filing of 3AC in June 2022, which was caused by a series of leveraged trades gone wrong and the collapse … Read more In a surprising turn of events, the co-founders of Three Arrows Capital (3AC), Su Zhu and Kyle Davies, have resurfaced with a new venture capital fund named 3AC Ventures. This move comes after the bankruptcy filing of 3AC in June 2022, which was caused by a series of leveraged trades gone wrong and the collapse of the Terra Luna ecosystem.  The new fund aims to generate superior risk-adjusted returns without relying on leverage. Additionally, the…

TL;DR Breakdown Ramp expands its platform compatibility, supporting 40 new fiat currencies, including the Bermudian dollar, Costa Rican colón, Hungarian forint, Mexican peso, Singapore dollar, and Swiss franc. The expansion empowers users in 150 countries to seamlessly transact between digital currencies and traditional currencies, promoting global crypto adoption and accessibility. Description Ramp, a leading financial technology company specializing in crypto infrastructure, has recently announced a significant expansion of its platform’s compatibility by adding support for 40 new fiat currencies. This move aims to simplify cross-border transactions and enable users to seamlessly transact with both digital and traditional currencies while benefiting from favorable conversion rates. The expansion … Read more Ramp, a leading financial technology company specializing in crypto infrastructure, has recently announced a significant expansion of its platform’s compatibility by adding support for 40 new fiat currencies. This move aims to simplify cross-border transactions and enable users to seamlessly transact with both digital and traditional currencies while benefiting from favorable conversion rates. The expansion is set to empower individuals across 150 countries, facilitating the conversion between cryptocurrencies and 43 fiat…

TL;DR Breakdown Wallet providers, including BitKeep and OKX, are introducing support for BRC-20 tokens, a new token standard on the Bitcoin network. Despite facing a market drawdown and the majority of the market cap consisting of meme coins, BRC-20 tokens hold promise for asset creation and transfer on the Bitcoin blockchain. Description In the ever-evolving world of cryptocurrencies, tokenization has become a prominent trend, enabling the creation and transfer of digital assets on various blockchain networks. While Ethereum‘s ERC-20 token standard has dominated the market for years, a new token standard called BRC-20 has emerged on the Bitcoin network, offering unique features and opportunities for asset deployment. Despite … Read more In the ever-evolving world of cryptocurrencies, tokenization has become a prominent trend, enabling the creation and transfer of digital assets on various blockchain networks. While Ethereum‘s ERC-20 token standard has dominated the market for years, a new token standard called BRC-20 has emerged on the Bitcoin network, offering unique features and opportunities for asset deployment. Despite facing market drawdown and the dominance of meme coins, wallet providers are now recognizing the…

TL;DR Breakdown Ava Labs-backed Struct Finance launches customizable interest rate products, allowing DeFi users to create investments tailored to their risk-return preferences. Investors can now earn predictable returns on DeFi investments, choosing between fixed (10%) or variable (up to 65%) returns. Description The cutting-edge landscape of decentralized finance (DeFi) just took a major step forward with the launch of Struct Finance’s innovative interest rate products. This exciting development heralds a new era of customizable DeFi solutions, expanding the opportunities for investors of all risk appetites to tap into the dynamic world of digital assets. A revolution in … Read more The cutting-edge landscape of decentralized finance (DeFi) just took a major step forward with the launch of Struct Finance’s innovative interest rate products. This exciting development heralds a new era of customizable DeFi solutions, expanding the opportunities for investors of all risk appetites to tap into the dynamic world of digital assets. A revolution in DeFi: Tailoring returns to risk preferences Struct Finance, backed by Ava Labs, has hit the ground running by launching fully customizable interest rate products. This…

TL;DR Breakdown UK inflation spiked in May, rising by an annual 8.7%, exceeding expected 8.4%. Core inflation reached 7.1%, the highest since 1992. Bank of England (BoE) may implement its 13th consecutive interest rate hike. Persistently high inflation and a tight labor market prompt economists to forecast higher peak rates. Description May’s inflation figures for the UK have rolled in, and the picture isn’t pretty. Rising at an annual pace of 8.7%, consumer prices stubbornly resist attempts to cool down, leaving the government and the Bank of England (BoE) under a thick cloud of pressure. Despite the predictions of economic experts who had forecast a lesser … Read more May’s inflation figures for the UK have rolled in, and the picture isn’t pretty. Rising at an annual pace of 8.7%, consumer prices stubbornly resist attempts to cool down, leaving the government and the Bank of England (BoE) under a thick cloud of pressure. Despite the predictions of economic experts who had forecast a lesser surge of 8.4%, the inflation engine continues to roar on, unencumbered. A relentless rise: Core inflation…

TL;DR Breakdown CleanSpark, a crypto mining firm, is embarking on an ambitious infrastructure expansion plan in the United States with the acquisition of two Bitcoin mining facilities in a $9.3 million cash deal.  The newly acquired facilities will house more than 6,000 Antminer S19 XPs and S19J Pro+s, contributing an estimated 1 exahash per second (EH/s) to CleanSpark’s overall hashrate.  In April, the company made headlines with its purchase of 45,000 Antminer S19 XP rigs for $144.9 million, which is expected to bring an additional 6.4 EH/s of mining power. Description CleanSpark, a crypto mining firm, is embarking on an ambitious infrastructure expansion plan in the United States with the acquisition of two Bitcoin mining facilities in a $9.3 million cash deal. The company has entered into a definitive agreement to purchase turnkey Bitcoin mining campuses located in Dalton, Georgia. The newly acquired facilities will house … Read more CleanSpark, a crypto mining firm, is embarking on an ambitious infrastructure expansion plan in the United States with the acquisition of two Bitcoin mining facilities in a $9.3 million cash deal….

TL;DR Breakdown Democrats from the United States House Financial Services Committee have introduced a series of bills, which they described as the “first wave” of legislation in an effort to address failures at major banks.  The legislation includes various provisions, such as the imposition of fines and a ban on bank executives from future work in the industry if they are found to have negligently contributed to their bank’s failure. The proposed bills also seek to grant regulators the authority to prohibit bank executives from selling stock under certain circumstances. Description In an effort to address failures at major banks, Democrats from the United States House Financial Services Committee have introduced a series of bills, which they described as the “first wave” of legislation. The proposed measures are a response to the collapses of Silicon Valley Bank, Signature Bank, and First Republic Bank in the United … Read more In an effort to address failures at major banks, Democrats from the United States House Financial Services Committee have introduced a series of bills, which they described as the “first wave”…

TL;DR Breakdown Polygon introduces an AI interface, Polygon Copilot, to help users and developers navigate its ecosystem. Copilot offers personas for different expertise levels, suggests related queries, provides analytics, and enables zkEVM and PoS NFTs minting. Future upgrades include more commands, extensions, and plugins for task automation and streamlined processes as part of “Polygon 2.0”. Description Polygon network, a pioneering Ethereum scaling solution, has introduced a revolutionary tool to aid developers and users in their blockchain journey: the Polygon Copilot. This state-of-the-art artificial intelligence (AI) interface, powered by OpenAI’s GPT-4 language model, is poised to transform how users interact with the Polygon ecosystem​. As Polygon 2.0 revolutionizes the blockchain landscape with … Read more Polygon network, a pioneering Ethereum scaling solution, has introduced a revolutionary tool to aid developers and users in their blockchain journey: the Polygon Copilot. This state-of-the-art artificial intelligence (AI) interface, powered by OpenAI’s GPT-4 language model, is poised to transform how users interact with the Polygon ecosystem​. As Polygon 2.0 revolutionizes the blockchain landscape with its unprecedented scaling and cross-chain capabilities, the need for a user-friendly,…

TL;DR Breakdown The open web, once heralded as the holy grail of digital advertising, is now proving to be a swamp for Web3 advertisers. According to a recent study, nearly $20 billion of the $88 billion in open programmatic ad spending (or 23% of it) is squandered on ineffective ad placements on questionable websites. According to the findings, advertisers should require more specific data from ad tech providers and reconsider their approaches to maximize their budgets. Description Web3 markets have met tradfi challenges. The Association of National Advertisers (ANA) released a report on the state of the Web3 digital advertising industry at this year’s Cannes Lions International Festival of Creativity, and it found that wasted advertising spending persisted across the open web.  The analysis concluded that the digital advertising ecosystem still needs … Read more Web3 markets have met tradfi challenges. The Association of National Advertisers (ANA) released a report on the state of the Web3 digital advertising industry at this year’s Cannes Lions International Festival of Creativity, and it found that wasted advertising spending persisted across the open web. …