Ethereum Breaks $3,600 Mark in Major Rally
Ethereum Breaks $3,600 Mark in Major Rally
🚀 ETH Does It Again
Ethereum continues its impressive upward trajectory, surging past $3,600 on Wednesday with a remarkable 10% daily gain. This follows recent momentum that saw ETH reach $3,500 earlier this week - its highest point since July 21.
Key points:
- 10% single-day increase on Wednesday
- Previous 3.6% daily and 11.4% weekly gains
- Record open interest of $20.8B (12% increase)
The sustained rally comes amid broader crypto market strength, with global cryptocurrency market value recently exceeding $3 trillion.
Daily Market Update - Oct 30th U.S. spot Bitcoin (BTC) ETFs saw $870.1 million in net inflows—a level not seen since June 4—contributing to a 2.2% increase in Bitcoin's price over 24 hours
Daily Market Update - Oct 29th Investors have injected $26 billion into BlackRock’s IBIT, just 10 months after the launch of spot Bitcoin ETFs in mid-January. The fund has now ranked among the top 2% of all ETFs in the U.S., and last week's inflows represent another milestone
Daily Market Update - Oct 15th Over half a billion dollars flowed into US spot Bitcoin ETFs as the cryptocurrency surpassed $66,000. This marked the largest one-day inflow for these ETFs in more than four months.
Daily Market Update - Oct 8th A new weekly report has come out from CoinShares on the movement of funds in the crypto-focused ETPs market. One of the main highlights of the latest research was the performance of Cardano ETPs, as investors using these financial vehicles for
Daily Market Update - Nov 12th Bitcoin’s market cap has reached a new high, exceeding silver with a valuation of $1.736 trillion, making it the 8th largest asset globally.
Daily Market Update - Nov 8th BlackRock achieved a significant milestone as its iShares Bitcoin Trust (IBIT) saw a record net investment flow of $1.12 billion, surpassing its previous high of $872 million. This surge in inflows also contributed to a daily record of $1.38 billion
Daily Market Update - Oct 23rd BlackRock's iShares Bitcoin Trust ETF (IBIT) has recorded over $1.1 billion in new cash inflows, surpassing long-established ETFs to secure the third spot in year-to-date flows. With $22.8 billion in assets, IBIT now ranks in the top 2% of all ETFs
Daily Market Update - Nov 5th Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion.
Daily Market Update - Nov 14th Ethereum has surged by 20.6% in 7 days while hitting a weekly transaction volume of 60 billion USDT. A few days ago, ETH hit the 3,300 USDT price level, the highest it has been for a long time.
Daily Market Update - Nov 18th Spot Bitcoin ETFs recorded net inflows of $1.67 billion in the trading week of Nov. 11–15, marking six consecutive weeks of positive inflows.
Daily Market Update - Oct 9th Bitcoin ETFs saw notable inflows on the 7th of October, amounting to $235.2 million, marking two consecutive days of positive movement.
Daily Market Update - Oct 16th Bitcoin (BTC) has reached $67k in the last 24 hours. Simultaneously, Tesla executed its first major cryptocurrency transaction since 2021, transferring $760 million Bitcoin holdings out of its public wallet.
Daily Market Update - Oct 17th Tether USDT has announced that by the end of Q3 2024, around 330 million on-chain wallets and accounts had received the digital asset.
Daily Market Update - Nov 15th Supported by a recent $230 million inflow, BlackRock’s Bitcoin ETF has accumulated over $3 billion in assets in just five days.
Daily Market Update - Nov 6th BlackRock's IBIT Bitcoin ETF saw $318.8 million in net inflows, following its record $872 million on Oct. 30, surpassing March's $849 million peak.
Daily Market Update - Oct 22nd Tether's USDT stablecoin has hit a new all-time high market cap exceeding $120 billion, possibly indicating a fresh surge in cryptocurrency markets.
Daily Market Update - Oct 14th Crypto investment products have attracted $407 million in inflows as investors shift their attention away from monetary policy.
Daily Market Update - Nov 13th The market cap saw a 3.3% increase in the past 24 hours and more than 5% increase from a year ago. The global crypto market cap has reached the $3 trillion mark, and Bitcoin has jumped 6%, exceeding $85,000.
Gameness Token IDO Final 24 Hours
The $GNESS token IDO for Gameness enters its final 24-hour window. Key details: - All KYC-verified users eligible to participate - 48-hour refund period available for users who don't claim tokens after TGE - IDO taking place on SingularityDAO launchpad Participate now at [SingularityDAO Launchpad](https://singularitydao.ai/launchpad/gness)
Singularity Venture Hub Partners with MANSORY for Web3 Luxury Vehicle Integration
Luxury automotive design company MANSORY is entering Web3 through a strategic partnership with Singularity Venture Hub. The collaboration aims to: - Develop digital infrastructure and engagement tools - Create new ways for audiences to connect with MANSORY digitally - Maintain brand's high standards in the Web3 space The multi-phase project will focus on practical utility and brand experience, with specific details to be announced in coming weeks. MANSORY, founded in 1989, is known for customizing high-end vehicles like Ferrari, Lamborghini, and Rolls-Royce. Learn more at [MANSORY's website](http://www.mansory.com)
Is Decentralised Decision-making Truly Democratic?
DAOs have become key players in finance, creative industries, and organizational governance, promising democratic decision-making through blockchain technology. Key aspects include: - **Transparency**: All decisions and transactions are verifiable on-chain - **Community Power**: Token holders can vote on proposals and changes - **Implementation Challenges**: Technical complexity and low voter participation remain concerns - **Security Considerations**: Smart contract vulnerabilities and governance attacks pose risks While DAOs offer democratic potential, questions remain about true decentralization and effective governance scaling.
Understanding Oracles: The Bridge Connecting DeFi to the Real World
Blockchain oracles serve as critical infrastructure for DeFi applications by enabling smart contracts to access real-world data. These systems act as bridges between blockchain networks and external data sources. - Oracles verify and transmit data like price feeds, weather information, and sports results - They enable complex DeFi applications that require reliable external information - Security and decentralization are key considerations in oracle design Learn more about how oracles power modern DeFi applications in our detailed analysis at [SingularityDAO News](https://www.singularitydao.news/post/oracles-explained-how-they-power-data-driven-defi-applications)
The Game Company Token Launch Round 2 Now Open
The Game Company has launched Round 2 of their $GMRT token generation event, following the completion of Round 1. Key details: - Open to all DAO members who missed Round 1 or want additional tokens - First-come, first-served basis - **48-hour refund window** available for unclaimed tokens - All tiers eligible for refund period - Participants must complete KYC verification Access the token launch via SingularityDAO's launchpad platform. Round 1 successfully concluded on February 3rd at 12:00 UTC.