$3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data Shows
On-chain data shows Ethereum has seen a significant rise in its Realized Cap recently, signaling the incoming of capital into the asset. Ethereum Realized Cap Has Climbed To $244.6 Billion Recently In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Ethereum Realized Cap has flipped since the Pectra upgrade. The Pectra upgrade went live on May 7th and introduced a bunch of improvements to the ETH network, including staking enhancements and an increase in transaction capacity. Related Reading: Is Bitcoin Ready For New ATHs? What The Charts Say As....
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In a post on X, Shiba Inu marketing lead Lucie (@LucieSHIB) highlighted the potential impact of Ethereum’s forthcoming “Pectra” upgrade on Shibarium, the layer-2 (L2) solution built by the Shiba Inu ecosystem. Slated for release in April 2025, the Pectra upgrade merges two planned improvements—Prague (execution layer) and Electra (consensus layer)—into a single overhaul designed […]
On-chain data shows the cryptocurrency market as a whole has witnessed capital inflows of nearly $19 billion while Bitcoin and others have gone through their recovery. Crypto Market Has Enjoyed Net Capital Inflows Over The Past Month In a new post on X, analyst Ali Martinez has talked about the latest trend in the capital inflows for cryptocurrencies. In the digital asset sector, capital mainly flows in and out through three asset classes: Bitcoin, Ethereum, and the stablecoins. The altcoins usually only see a secondary rotation of capital from these coins. Related Reading: Bitcoin....
Ethereum is preparing for a Pectra update which will revolutionize institutional staking on the blockchain, potentially attracting more investors and becoming more appealing to companies and institutions. We look at 3 ERC-20 coins that could benefit. ETH Holds the Higher Ground The Pectra update news comes as Vitalik Buterin, the co-founder of Ethereum, fields criticism of his banning of gambling on his blockchain. He expressed his disappointment in people’s criticism of Ethereum for not inviting or accommodating casinos. He stressed Ethereum’s goal of creating a better crypto world....
Bitcoin ETF inflows had hit over a billion dollars on their first week of trading. The success of the ETFs saw the digital asset rally towards a new all-time high. Interest in the market grew tremendously among retail and institutional investors alike, leading to a week of record inflows, the highest the market has ever seen in a seven-day period. This demand has been a culmination of growing interest from institutional investors over the past couple of months. Related Reading | MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO However, the past week has....
Even though venture capital inflows into the blockchain industry dropped by 66% in Q3 2022, it doesn’t necessarily suggest an overwhelmingly bearish sentiment. In 2022, it’s no surprise that most assets are in a bear market. People have a variety of signals they look for when determining a good time to enter the market, and Cointelegraph Research’s Venture Capital Report for Q2 revealed that VC inflows stagnated at just above $14 billion last quarter, the same as Q1.However, the third quarter did not fare as well, dropping over 66% to just $4.98 billion, as Cointelegraph Research explores....