Crypto Guides, Knowledge & Insights

U.S. National Pension Fund Initiates BTC ETF Purchases: Positive Market Signals Unleashed?

According to Sosovalue data, Bitcoin ETF has seen net inflows for four consecutive days, totaling $726.8 million. This marks the third occurrence of four consecutive days of net inflows since mid-March. A strong correlation is observed between the price movement of Bitcoin and the total net inflows of Bitcoin ETF.　　As the largest Bitcoin spot ETF currently, Grayscales $GBTC has experienced a gradual decrease in outflows, even witnessing four days of net inflows. The high management fee is the primary reason for the continued outflows from GBTC, as Grayscales 1.5% fee appears considerably expensive compared to competitors fees of 0.25% or lower.　　The net asset value of $IBIT issued by BlackRock has reached $18.03 billion, closely trailing Grayscales $18.83 billion.U.S. National Pension Fund Begins Purchasing ETFs　　In documents submitted to the U.S. Securities and Exchange Commission this week, the Wisconsin Investment Board (SWIB) reported investments by BlackRock and Grayscale in spot Bitcoin ETFs.　　According to SWIBs 13F filing for the first quarter of 2024, this $156 billion pension fund purchased $64 million worth of Grayscales GBTC and $99.2 million worth of BlackRocks IBIT, bringing the total Bitcoin investment slightly over $163 million.　　The filing indicates that cryptocurrency investments are available for the Wisconsin retirement system.　　Macroeconomic

2024-05-17Deep Dive

Cryptocurrency Exchange Risks Revealed! Safeguard Your Investments with WikiBit Research Series

The emergence of blockchain technology has brought skepticism and accusations of fraudulent activities, driven by its unique features like decentralization and immutability. Fraudulent incidents have increased, making fund recovery challenging. Factors contributing to fraud include the allure of high returns and difficulties in tracking funds. Various schemes exist, from ICO scams to phishing attacks, with state-sponsored groups like the Lazarus Group compounding the risk.　　Activities targeting the cryptocurrency industry sponsored by the North Korean government. (Source: Recorded Future Intelligence Cloud)　　For investors, caution is necessary due to evolving fraudulent tactics. While most users may not engage in on-chain operations, using centralized exchanges poses risks. This article will explore security risks on centralized exchanges and advise users on safeguarding their funds.Unlicensed operation　　As cryptocurrency regulations become more standardized, countries are issuing financial licenses to enhance industry legitimacy. Regulation ensures compliance with anti-money laundering and know-your-customer measures, reducing financial crime risks and improving transparency. Despite this, many centralized exchanges operate without licenses, promising high returns.　　While unlicensed exchanges may offer attractive opportunities, the risks associated with them often outweigh the potential rewards. Conducting thorough research and due diligence before investing in any cryptocurrency exchange is crucial to mitigate risks and safeguard investments.　　On July 8, 2022, a

2024-05-14Deep Dive

Discussing the Future of FinTech Together! You are invited to the WIKI FINANCE EXPO HONG KONG 2024!

The WIKI FINANCE EXPO HONG KONG 2024 will grandly open on May 17th in Hong Kong, China. This years financial Expo, themed “Discussing the Future of FinTech,” is the first high-level industry summit hosted by WikiEXPO in 2024. It aims to break down information barriers in the industry, explore the compliance path of encrypted assets in Hong Kong, and promote innovative exchanges in financial technology, providing cooperation opportunities for institutions and practitioners. At that time, WikiEXPO will be joined by financial technology leaders, innovators, and decision-makers from around the world.　　About WikiEXPO　　As a globally renowned financial event, WikiEXPO is regularly held in countries and regions such as Singapore, Australia, Dubai, Hong Kong, and Thailand. The Expo aims to provide a platform for well-known exhibitors, companies, startups, project parties, investors, and related practitioners in the global blockchain, financial technology, and forex industries to cooperate.　　Highlights of The WIKI FINANCE EXPO HONG KONG 2024：　　Distinguished Expert Lineup: The WIKI FINANCE EXPO HONG KONG 2024 will invite over 200 renowned figures from the financial industry to participate in speeches and topic discussions, including key officials from government financial regulatory departments in countries or regions such as Nigeria, Mauritius, Jamaica, and Hong Kong, China. Additionally, numerous cryptocurrency,

2024-05-14Deep Dive

This Week’s Noteworthy Events(May 13,2024-May 19.2024)

OpenAI plans to announce its competitor to Google Search this Monday.　　OpenAI plans to announce its AI search product next Monday, intensifying its competition with the search giant Google. The announcement date has not been reported before and may be subject to change.　　Earlier reports from the media suggested that OpenAI is developing a search product that could compete with Google and well-funded AI search startup Perplexity.Binances Megadrop project, BounceBit (BB) trading, will go live today　　According to the official announcement, Binance has launched its first Megadrop project - BounceBit (BB), a BTC re-staking public chain. Users can participate in the BounceBit Megadrop starting from April 26th, 08:00:00 (UTC+8).　　Binance will list BounceBit (BB) on May 13th, 18:00 (UTC+8), and open BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY trading markets, applying seed label trading rules.MixMob: Racer 1 game will be released on May 14th on the Apple App Store and Google Play Store　　The Solana ecosystem gaming project MixMob has announced that its Race-to-Earn game MixMob: Racer 1 will be released on May 14th on the Apple App Store and Google Play Store.　　This free game supports the use of MixMobs MXM token, allowing players to stake tokens in “Turbo Arenas” to participate in governance and earn

2024-05-13Deep Dive

$200 USDT WikiBit x Spotlight Kicksstart Giveaway

We are delighted to announce an exciting collaboration with Spotlight. Spotlight is renowned for its onchain playground that fosters attention towards emerging cultures through gamification. With a shared vision of promoting creativity, expression, and decentralized identity, we are thrilled to bring you a special event that combines the strengths of both platforms.　　Whether youre a seasoned blockchain enthusiast or simply intrigued by the ever-evolving world of emerging culture, this event offers something for everyone. Plus, we have prepared generous rewards for participants!　　Event Duration:　　2024-05-10 21:00 ~ 2024-05-17 21:00 (UTC+8)　　Prize:　　200 USDT Prize Pool　　10 Winners x 20 USDT　　Click the link below to join the event:　　https://soquest.xyz/space/0xspotlight/campaign/soFuYjnBfQ　　What is Spotlight　　An onchain playground cultivating attention around emerging culture through gamification, ushering creativity, expression, and decentralized identity from gaming culture outward.　　Official Links　　Website: https://www.0xspotlight.com　　Twitter: https://twitter.com/0xSpotlight　　Substack: https://substack.com/@spotlightlabs　　Discord:https://discord.gg/0xspotlight

2024-05-11Deep Dive

WikiBit Supervisors Gathering Event Has Reached Millions of Users, Sparking Global Discussions!

To continuously optimize the outstanding user experience and service quality, WikiBit launched the “Global Supervisors Gathering” event on April 26th, with a commitment of $5,000 as incentives. This event sincerely invites global users to participate together in the comprehensive and all-round supervision and feedback of WikiBits content. Once the submitted opinions are reviewed and approved, users can receive generous rewards, with a maximum reward of $15 for a single submission!　　The event has reached over 956,000 people just one week since its launch, successfully attracting 89,768 users to participate in discussions. WikiBit has received enthusiastic responses and active submissions from over a thousand users from more than 20 countries and regions worldwide. Among them, Mr. Koryc Mark from Nigeria was honored with the title of Global Star Supervisor with an impressive 15 submissions!　　WikiBit has rigorously reviewed and carefully considered all user feedback and contributions. To show our recognition and gratitude for user contributions, we have established different levels of rewards. For submitted and accepted feedback and suggestions, corresponding rewards will be given (details can be found in the official reward announcement). Some submissions focused on functional suggestions and product experience feedback, which were considered off-topic for the event but still contained

2024-05-11Deep Dive

What Draws Pantera Capital to Make TON Its Largest Investment Project?

Pantera Capital is a cryptocurrency and blockchain asset management company headquartered in San Francisco, established in 2013. They specialize in managing and investing in digital assets, including Bitcoin, other cryptocurrencies, and projects related to blockchain technology. Pantera Capitals investments span multiple areas, including digital payments, decentralized finance, smart contracts, and blockchain infrastructure.　　According to The Blocks April report, Pantera manages $5.2 billion in assets through three fund strategies and plans to raise $1 billion for its new cryptocurrency fund, Fund V. Publicly available information shows that Pantera Capital has invested in a total of 193 projects, with 80 of them being lead investments. Their investment focus primarily revolves around infrastructure and DeFi, accounting for over 50% of their portfolio.　　In the latest edition of the Blockchain Letter, Pantera Capital partner Ryan Barney mentioned that TON is their largest investment ever. Lets explore why Pantera Capital is heavily invested in TON. The following points summarize Pantera Capitals expressed views in the article.Backed by Telegram with a potential 900 million monthly active users　　TON is a Layer 1 network originally designed by Telegram and continued by the open-source community. Pantera Capital believes TON has the potential to introduce cryptocurrency to the masses, given its widespread

2024-05-10Deep Dive

Donald Trump says he'll accept crypto for campaign donations

Former U.S. President Donald Trump said today that hell ensure cryptocurrency can be used for his campaign donations.　　In multiple video clips uploaded to X by Frank Degods, a non-fungible token creator and influencer, Trump appeared to tell a group of buyers of his NFTs that he intends to accept campaign donations in crypto.　　“If you can‘t, I’ll make sure you can,” Trump said. “Can we donate to the Trump campaign using crypto？ I believe the answer is yes.”　　Trump also told the crowd that President Joe Biden “doesnt even know” what cryptocurrency is. “If you like crypto in any form, and it comes in a lot of different forms, if you are in favor of crypto, you better vote for Trump,” he added.　　Trump appeared to have made the remarks at a gathering he organized to meet and dine with buyers of his “Mugshot Edition” NFTs on his day off from trial. Those invited to the dinner individually purchased more than 47 NFTs, each priced at $99, Axios reported, citing a copy of the dinner invitation.　　“We did it when NFTs were not hot. We made NFTs hot again,” Trump added.　　In response to a question about whether he would keep crypto businesses in the

2024-05-09Deep Dive

FTX Restructuring Plan Revealed: FTX Creditors to Receive Full Compensation Plus Profits?

On May 8th, FTX (FTX Trading Ltd.) and its affiliated debtors submitted a restructuring plan and disclosure statement to the United States Bankruptcy Court for the District of Delaware, revealing the distribution plan for global customers and other creditors. The plan is expected to centrally distribute almost all assets held by FTX at the time of its bankruptcy in November 2022 to global customers and other creditors.Creditors Expected to Receive 118% Approved Bond Compensation　　FTX and its affiliated debtors submitted a revised version of the restructuring plan and disclosure statement to the United States Bankruptcy Court for the District of Delaware on Tuesday. It is anticipated that the total value of assets collected, converted into cash, and available for distribution will range between $14.5 billion and $16.3 billion. This amount includes assets controlled by Chapter 11 debtors and assets controlled by the joint official liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of the Bahamas, and the joint official liquidators of FTX Australia.　　Reportedly, FTX owes approximately $11 billion to customers and other non-government creditors. The additional cash will be used to pay interest to over 2 million customers of the company. According to the documents, 98% of FTX creditors

2024-05-09Deep Dive

Friend.Tech's V2 Release: Can it Reignite the SocialFi Craze?

Friend.Tech is one of the most successful Dapps in the SocialFi space, boasting exceptional data in terms of user count, protocol revenue, and net deposit volume. However, following a period of FOMO sentiment, Friend.Techs TVL plummeted from a peak of $50 million to less than $15 million. Previously, we provided an analysis of Friend.Techs V1 version, which you can read here: https://www.wikibit.com/en/202308227164279567.html　　In summary, the V1 version of Friend.Tech utilized a mechanism that allocated high commissions to Key Opinion Leaders (KOLs) to attract a large number of users leveraging their influence. However, as the price of Key community shares increased with the addition of more Keys, the phenomenon known as “latercomers cost” escalated, causing anxiety among users and attracting indecisive users. Lastly, airdrop opportunities were utilized to reduce the perceived cost for users.　　So, what changes does the V2 version bring？ And what is the utility of the platform token $FRIEND distributed alongside the V2 release？New Feature: Clubs　　Clubs is one of the major new features introduced in FT V2.　　Anyone can create a new club. Clubs are defined as “group spaces” owned and managed by key holders; however, it is unclear how they will be used in the future.　　How Clubs work:　　Key holders vote

2024-05-08Deep Dive

...

1921

...

738