Investors take profit as global crypto fund outflows hit $134 million
Crypto funds saw net outflows of $134 million in the week to April 8th, marking the second-biggest weekly outflows this year, according to a report by digital asset manager CoinShares.
Bitcoin took the brunt of the outflows, which totalled $132 million during the seven-day period. Meanwhile, Ethereum funds saw outflows totalling $15.3 million last week, bringing its year-to-date outflows to $126 million.
SHIBA INU is now accepted by Ubersmith through BitPay
Ubersmith, a New York-based subscription management software company, now accepts SHIBA INU via BitPay support.
Users of the Ubersmith billing system can now accept payments in SHIBA INU, as well as other cryptocurrencies that BitPay supports, such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), DogeCoin (DOGE), Litecoin (LTC), Wrapped Bitcoin (WBTC) and USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP).
MTL rises 62.9% after 24h
MTL, the utility token of the Metal ecosystem, has witnessed strong growth in the last 24h, gaining 62.9% to the price of $2.562.
MTL’s trading volume reached $155.41 million, 9 times higher than the average trading volume of the previous 10 days. With this achievement, MTL has excellently surpassed many rivals to become the leading assets on the Top Gainers.
Terra’s bridge now interacts with Solana, Avalanche, Fantom
Do Kwon, CEO and co-founder of Terraform Labs, the software development team behind Terra (UST) blockchain, shared an update about Terra’s bridge ecosystem.
Terra users can now transfer value to Avalanche (AVAX), Solana (SOL), Osmosis (OSMO), Fantom (FTM) and Polkadot’s DeFi platform, Moonbeam.
Uniswap launches venture capital wing for Web3 investments
Popular decentralized exchange (DEX) Uniswap has announced the formation of Uniswap Labs Ventures (ULV), a venture capital fund focused on investing in Web3 companies and projects.
The firm will invest at any stage of development into various projects or technologies related to Web3, infrastructure, developer tools and consumer-facing applications as areas of interest.
Three-quarters of BTC addresses still in profit despite market decline
The price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit. This is much higher than the 45% to 50% of addresses during the 2018 bear market.
The report further revealed that long-term holders of Bitcoin, those who have held for over 155 days, were the least likely to be at a loss. More than 67.5% of long-term holders are at an unrealized profit, whereas short-term holders have seen only 7.88% make any gains.
Ethereum launches first “Shadow Fork” on mainnet
Today, April 11, Ethereum developers have successfully launched the first-ever mainnet Proof of stake (PoS) shadow fork even as the “merge” beckons.
The shadow fork entails stress testing assumptions around existing testnets and/or mainnet with regard to syncing and state growth in the run-up to the merge.
The number of active Ethereum addresses has dropped by approximately 10% in just one week
In the previous seven days, the number of active unique addresses on the Ethereum blockchain has declined by 9.84%. The number of active crypto wallets on the Ethereum blockchain has dropped from 1.81 million to 1.81 million in only 1 week.
Forbes expands into Metaverse with launch of virtual billionaires NFT collection on FTX
Forbes has partnered with FTX, a leading global cryptocurrency exchange, to launch virtual Billionaires NFT collection. Early access to the collection is available to Forbes subscribers on April 11.
The sale includes an initial drop of 100 Virtual NFT Billionaires and, when the Forbes collection sells out, interested parties can still take part in the action by looking for Forbes Virtual NFT Billionaires for sale on any ERC-721 Marketplace.
Bitcoin slips below $40,000
Since peaking at just above $48,000 in late March, Bitcoin has plummeted dramatically, falling below 40,000 USD.
Most of the assets in the crypto market experienced a severe crash as Bitcoin plummeted. Bitcoin has dropped 5.77% in the last 24h and is now trading at 39,689 USD.