Good morning crypto insiders, in this article we present a summary of the most important events in the crypto world that took place last night.
This way you can quickly find out about the latest developments. More detailed articles on these topics will appear on Crypto Insiders later today.
Bitcoin ETF inflows and outflows reach milestones
Yesterday on Crypto Insiders it was reported that new Bitcoin (BTC) ETFs in the US reached a record inflow of almost $2.3 billion last week.
The BlackRock fund has now surpassed the 100,000 BTC mark and manages more than $5 billion in Bitcoin.
However, at the same time, outflows from the Grayscale ETF exceeded $7 billion. ETF expert Nate Geraci warns that more Bitcoin could potentially flow out of the Grayscale fund this week.
Meanwhile, Genesis is about to sell $1.6 billion worth of shares in the Grayscale fund. According to Coinbase, the impact of this sale will not be too bad as the money may flow into other Bitcoin ETFs.
Ethereum founder excited about AI
Vitalik Buterin, the well-known founder of Ethereum (ETH), sees great potential in artificial intelligence (AI).
According to Buterin AI can help solve Ethereum’s “biggest technical” risk. AI can help with detection Beetle (bugs) hidden deep in Ethereum’s code.
Ethereum will release a new major update to the network called “Dencun” on March 13th. ETH price rose 17% last week on hype that American regulators could approve the first Ethereum spot ETFs in May.
Solana and Filecoin join forces
There was a special development on Crypto Insiders last night. Solana (SOL), the fifth largest crypto network, partners with Filecoin (FIL), a decentralized storage network.
Filecoin is designed to help take Solana’s reliability and scalability to the next level. Solana suffered a network outage a few weeks ago.
The price and number of users of Worldcoin are increasing rapidly
Worldcoin (WLD), the cryptocurrency from OpenAI and ChatGPT founder Sam Altman, is popular again. The price has risen by no less than 40% today and as much as 185% last week.
Meanwhile, it appears that World App, the first crypto wallet for Worldcoin, now has more than 1 million daily users.
World App, the first wallet developed for the Worldcoin project, reached 1 million daily users this week. This community is incredible 🫡 pic.twitter.com/Mf6Y51gscQ
– Worldcoin (@worldcoin) February 17, 2024