Crypto Currency

Meet Solordi Inu, a Utility Meme Driving Solana’s Push into Web3 Gaming

Chicago, USA, 5th March 2024, ZEX PR WIRE, Solordi Inu $SOLO is making waves in the meme ecosystem, except this time, it’s bringing the first gaming utility to the ever powerful Solana blockchain.The meme coin originally launched as the first Bitcoin Ordinal Inscription on Solana – hence the name ‘Sol – Ordi’…

Published 2 years ago in
Meet Solordi Inu, a Utility Meme Driving Solana’s Push into Web3 Gaming

Chicago, USA, 5th March 2024, ZEX PR WIRE, Solordi Inu $SOLO is making waves in the meme ecosystem, except this time, it’s bringing the first gaming utility to the ever powerful Solana blockchain.The meme coin originally launched as the first Bitcoin Ordinal Inscription on Solana – hence the name ‘Sol – Ordi’…
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Crypto Currency

Bitcoin Stablecoin Liquidity Signals Caution as Binance Reserve Slides

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8…

Published 24 hours ago in
Bitcoin Stablecoin Liquidity Signals Caution as Binance Reserve Slides

TLDR: Binance holds $41.2B in USDT, but the ERC-20 book is at the 23.5th percentile of its 30-day range. Combined 30-day USDT netflows across ERC-20 and TRC-20 at Binance total approximately -$1.27 billion.  The MA7 flipped to +$120M on June 5 before cooling to neutral by June 8…
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Crypto Currency

Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase

TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility

Published 24 hours ago in
Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase

TLDR: Fold sold ~$45M in Bitcoin at an average price of $71,000 to fund a full balance sheet reset. The company repaid $20M in Bitcoin-collateralized debt, eliminating all secured obligations. A $25M cash allocation targets Credit Card scaling, new products, and financing partnerships. Fold retains a Bitcoin treasury position and keeps its revolving credit facility […]
The post Fold Sells $45M in Bitcoin to Wipe Out Debt and Back Next Growth Phase appeared first on Blockonomi…
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Crypto Currency

BlackRock and Fidelity Dominate U.S. Bitcoin ETF Flows

TLDR BlackRock’s IBIT and Fidelity’s FBTC account for the majority of recent U.S. spot Bitcoin ETF inflows. On January 14, IBIT and FBTC captured over 90% of the $840.6 million total inflows. Similar concentration appeared on April 17 and May 1, with the two funds absorbing most new capital…

Published 24 hours ago in
BlackRock and Fidelity Dominate U.S. Bitcoin ETF Flows

TLDR BlackRock’s IBIT and Fidelity’s FBTC account for the majority of recent U.S. spot Bitcoin ETF inflows. On January 14, IBIT and FBTC captured over 90% of the $840.6 million total inflows. Similar concentration appeared on April 17 and May 1, with the two funds absorbing most new capital…
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Crypto Currency

Bitcoin miner margins fall to record low: Will BTC’s $60K floor hold?

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…

Published 24 hours ago in

Bitcoin miner profits recently fell to record lows, while Bitcoin struggles to hold the $60,000 floor. Should traders be worried…
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