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Welcome back to BlockchainIST!
We decode the complexities of blockchain and crypto-economics with precision and poise. As a research center committed to revealing the entanglements of this dynamic domain, we are delighted to present you with a curated collection of insights, analysis, and cutting-edge research.
📰 TOP NEWS
Bitcoin ETFs surpass $100B, and the correlation with gold is negative 0.66.
“Spot Bitcoin ETFs, launched in January 2024, have driven significant inflows, with BlackRock’s IBIT and Fidelity’s FBTC amassing $30 billion and $11 billion, respectively, bringing Bitcoin ETFs close to gold ETFs’ $120 billion assets.”
XRP jumps 25% after SEC Chair Gensler resigns.
“Gensler’s resignation is viewed as a potential turning point in Ripple's legal battle with the SEC, which, previously, accused Ripple of raising $1.3 billion through unregistered XRP sales.”
Cboe files for four Solana spot ETFs with SEC.
“Solana leads staking exchange-traded products at 21.co with $1.4 billion AUM, representing 38% of crypto hedge fund investments and gaining traction among investors beyond Bitcoin and Ethereum.”
Chinese court rules crypto ownership is legal but heavily restricted.
“The crypto community views China's acknowledgment of crypto ownership as a potential easing of its strict stance. In 2021, China had strict policies against cryptocurrencies.”
📌 REMARKS OF THE WEEK
Source: Investing.com
🔐 CRYPTO UNLOCKS
Source: Tokenomist
🎟️ EVENT OF THE WEEK
AUSTRALIAN CRYPTO CONVENTION 2024
Asia’s premier crypto and blockchain event, the Australian Crypto Convention 2024!
Featuring 200+ sponsors, 250+ speakers, 8 stages, and over 15,000 attendees, explore Australia’s growing crypto and blockchain ecosystem while connecting with industry experts.
Date Nov 23-24
💬 EXPERT OPINION
The main advantage of blockchain technology is supposed to be that it's more secure, but new technologies are generally hard for people to trust, and this paradox can't really be avoided.
📊 METRIC OF THE WEEK
Our researchers designed this metric with ❤️
GLOSSARY CORNER In cryptocurrency and blockchain, subnets (short for "subnetworks") refer to specialized, smaller networks operating within or parallel to a larger blockchain ecosystem. They are typically used to enhance scalability, flexibility, or specific functionality within a blockchain framework. Subnets are prominent in platforms like Avalanche, where they play a crucial role. | EDITOR’S CHOICE • Bollinger Bands (book) • What are runes? (video) |
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