Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide

This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once consistently taking the second spot week after week in the NFT sales ranking, Bitcoin-based [...]

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Unveiling the Truth: Cryptocurrency Narratives Persist with Sensational Sentiments

The cryptocurrency market has been dominated by misleading and sensationalist narratives, according to analysts. These narratives often create unnecessary hype and fear among investors, leading to erratic price movements and a lack of understanding of the true value of digital assets. Analysts warn that investors should be wary of these narratives and not base their [...]

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The Persistent Metadata Issue in Web3: Why Its Here to Stay

As the realm of Web3 continues to expand and evolve, one underlying issue is becoming increasingly apparent – the challenge of managing metadata effectively. Metadata is crucial in decentralized systems, providing crucial information about digital assets, transactions, and more. In the current landscape of Web3, metadata poses a significant problem due to its decentralized nature. [...]

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Ordinal Inscriptions Surge Past 13 Million Amid Game-Changing Recursive Inscription Upgrade

On June 20, 2023, around 9 p.m. Eastern Time, the tally of Ordinal inscriptions minted on the Bitcoin blockchain surged past 13 million. A mere five days had elapsed since the 12 million milestone was reached, indicating a persistent demand for these inscriptions that shows no signs of diminishing. Moreover, there has been a recent [...]

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Crypto flows indicate ‘persistent apathy amongst investors’

Amid cryptocurrency’s battle with the crypto winter, institutional investors have shown a reluctance to put their money into digital asset investment products, CoinShares says in its latest crypto asset weekly flows report.

According to the digital asset manager, crypto investment products registered about $12 million in inflows last week, which is just about the range seen at the start of the month when CoinShares Head of Research James Butterfill pointed out hesitancy amongst investors.

Persistent apathy amongst #Bitcoin investors with minor inflows of US$12mhttps://t.co/0JjtU2FSwm

While the inflows have increased slightly from the $10.3 million seen in the last week of September, the lack of movement is seeing total assets under management (AuM) remain near recent lows.

Data from CoinShares shows current AuM to be $25 billion, not far off recent lows of $24 billion, with Butterfill pointing to the marginal figures seen over the past two weeks as representative of further apathy from investors.

“Investor apathy is persistent, with the last 5 weeks of flows, be it inflows or outflows representing less than 0.05% of AuM, compared to the year average of 0.16%.”

The crypto market is also registering persistent apathy among investors given Ethereum’s second week of outflows, Butterfill added in the report published on Monday. The Ether market recorded outflows of $3.9 million last week, up from $2.2 million seen the previous week.

As for Bitcoin, inflows last week were $8.8 million, the 5th straight week of inflows for the flagship cryptocurrency.

While this suggests marginal support from an investors’ point of view, fresh inflows into short Bitcoin investment funds – it was $6.7 million last week – implies a net neutral sentiment across the market.

A look at the market shows Bitcoin continues to hover near the $20,000 zone, while Ethereum is eyeing further strength above the $1,300 level.

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Oracle Network Cudos Partners With Liquid Staking Platform Persistence

Oracle network Cudos collaborates with Persistence. Persistence emphasizes AUDIT.one, pSTAKE, AssetMantle, and Comdex. Persistence contains more than 50 validators on

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Cudos Partners With Liquid Staking Platform Persistence

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InfStones joins interoperable blockchain protocol Persistence as validator

InfStones, a blockchain infrastructure service provider, announced today it has partnered with Persistence, an interoperable blockchain protocol. InfStones will be joining the Persistence mainnet as a validator in order to provide staking services to the community. “The Persistence ecosystem is growing rapidly and with this expansion, we are dedicated to working and growing our network […]

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Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions

The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce local demand for the greenback. Governor John Mangudya said the tokens have a value which is “linked to [...]

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