Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This past week, significant new developments were announced by industry-leading Web3 firms, including MetaMask, Polygon and StarkNet. Each revealed promising new infrastructure developments that could bolster mainstream…
Germany’s government offloaded the last of its Bitcoin holdings on July 12, according to data from Arkham Intelligence. The final transaction included 3,846 Bitcoin sent to “Flow Traders and 139Po,” which Arkham described as “likely institutional deposit/OTC service.” The transaction followed weeks of increased selling pressure from the German government, which offloaded tens of thousands of…
United States-based spot Bitcoin exchange-traded funds recorded over $310 million in inflows on July 12 — marking its best-performing day since June 5. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) saw most of the flows at $120 million and $115.1 million, respectively, Farside Investors data shows. The Bitwise Bitcoin ETF…
Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked. On July 11, the security investigator published a post on Telegram telling the community to stay away from the website for the time being. According to ZachXBT, the website redirects to a newly registered phishing site and may pose…
Ether exchange-traded funds (ETFs) will attract up to $10 billion in new inflows in the months after launch and send Ether prices soaring to all-time highs by the end of the year, Tom Dunleavy, a managing partner at crypto investment firm MV Global, told Cointelegraph. “We saw $15 billion in flows for Bitcoin. I think we’re…
Eli Ben-Sasson, the CEO of StarkWare, announced at EthCC on July 10 that the company plans to introduce staking by the end of 2024 through a Starknet improvement proposal (SNIP). If the community approves the SNIP, Starknet staking is expected to go live on testnet soon, followed by the mainnet launch in the fourth quarter….
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