Institutional Interest Holds As Major Players Drive BNB Chain’s RWA Momentum
As retail sentiment reaches its lowest level in months, institutional players have continued to show interest in the crypto industry, regardless of the market’s performance, signaling long-term confidence in the sector with their expansion to multiple blockchains, such as the BNB Chain and Ethereum. Related Reading: Senators Call For Probe Into WLFI Over Alleged Token […]
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Chinese Bitcoin mining manufacturer Bitmain Technologies Ltd. has reportedly been at the center of a months-long federal investigation in the US over concerns that its products could pose risks to America’s national security. Related Reading: Institutional Interest Holds As Major Players Drive BNB Chain’s RWA Momentum Chinese Bitcoin Mining Giant Faces US Scrutiny On Friday, […]
Institutional investors had FOMO’d into bitcoin with the release of the first Bitcoin ETF. This enthusiasm quickly died down the week following the approval as trade volumes plummeted. The record opening was quickly replaced by lackluster momentum that saw institutional investors pull out of the market, likely owing to the asset touching a new all-time high and traders taking gains. institutional Bitcoin open interest had skyrocketed with the price, signaling the entrance of big money into the market. The run-up had lasted until the very end of October. Open Interest saw its peak on....
Institutional investors are gradually giving more attention to XRP. The digital asset is marking its place next to Bitcoin and Ethereum. Related Reading: XRP Poised For Over 5,000% ‘Explosive Charge’, Analyst Says According to a recent survey by EY-Parthenon, more than 20% of the world’s institutional decision-makers have XRP in their basket. It isn’t a small sample choice; 277 key players comprised of COOs, CEOs, portfolio managers, etc., took part in this survey, with participation spanning the US, Europe, Asia-Pacific, Canada, and Latin America. A well-known XRP community....
Growing institutional adoption is the main drive behind Solana’s performance over the past month. $SOL is currently up 29.54% over the last 30 days and the momentum hasn’t died out yet. The token trades at $239 at the time of writing, after consolidating its position around the $240 threshold. This performance is the direct result […]
Two major institutional players – SOL Strategies and DeFi Development Corp – recently injected $509.9M combined into their Solana treasury incentives. The investment strategy echoes MicroStrategy, but this time, it’s Solana ($SOL) rather than Bitcoin ($BTC). These sizable capital inflows into $SOL suggest a bright future for Solaxy, the world’s first Solana Layer-2 (L2) network […]