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Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

In the past 7 days, #Bitcoin's TVL increased by $3.09B, #Etherum's TVL increased by $2.22B, and #Hyperliquid's TVL increased by $1.87B.

Funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

Relevant content

Dash launches Orchard privacy pool on its mainnet, leveraging technology from Zcash.

Privacy-focused blockchain network Dash announced via tweet that its Orchard privacy pool has officially launched on the mainnet. Built using Zcash’s Orchard protocol, the pool supports 1-second transaction confirmations and wallet syncing completed in roughly 20 seconds. Dash added that privacy features for stablecoins and other assets will be rolled out in subsequent updates.

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Peter Brandt: Bitcoin may bottom out at $40,000, while the Nasdaq index shows a suspected top pattern.

Renowned trader and chart analyst Peter Brandt stated in a post today that the daily chart of the Nasdaq 100 Mini Futures (NQ) may be forming a "diamond" pattern, potentially marking a market top. Additionally, in a recent interview, Brandt predicted that Bitcoin could first rally by $10,000, then drop to a high of $40,000 before bottoming out in early October 2026. Drawing on Bitcoin’s historical cycle patterns, Brandt warned that the cryptocurrency could experience a false breakout; currently trading around $60,000, Bitcoin faces near-term downside risks. Brandt also emphasized his long-term bullish outlook on Bitcoin, projecting its price could reach between $300,000 and $500,000 by 2029.

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NVIDIA's venture capital arm may invest nearly $200 million in digital bank Revolut.

A confirmation statement disclosed by the UK Companies House shows that a shareholder entity reportedly belonging to NVIDIA’s venture capital arm NVentures LLC holds approximately 141,834 shares in Revolut. Calculated based on the offering price from Revolut’s latest financing round, these shares are valued at roughly $195.9 million. Previously, neither NVIDIA nor Revolut had publicly disclosed NVentures’ specific investment amount or shareholding size in the firm. The newly exposed documents reveal that NVIDIA is further expanding its footprint in the fintech sector through strategic investments. Founded in 2015, Revolut is one of Europe’s leading digital banking platforms, with services covering payments, foreign exchange, investments, and crypto asset services. In recent years, NVIDIA has continuously invested in AI, fintech, and next-generation internet infrastructure companies via NVentures, and its latest investment in Revolut is also regarded as part of its expansion of the AI and digital financial ecosystem. (TechFundingNews)

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Coinbase’s Bitcoin negative premium has persisted for 60 days, extending its all-time record.

According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative premium territory for 60 consecutive days (since May 19), with its latest reading at -0.0908%. Earlier this year, the index notched 40 straight days of negative premium from January 16 to February 24, marking the longest consecutive negative streak since the metric’s launch—surpassing the roughly 30-day stretch of negative premium seen during the "1011 crash".

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VanEck’s PFXF ETF boosts its position in Strategy (STRC) to $207 million.

According to official data, VanEck’s PFXF ETF has increased its holdings in Strategy STRC to approximately $207 million. As of July 16, the Preferred Securities ex Financials ETF (PFXF) holds Strategy Inc as its top position, accounting for 8.63% of the fund’s net assets with a market value of around $207 million. This holding corresponds to approximately 2.42 million shares of Strategy Stretch (STRC).

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Ship traffic through the Strait of Hormuz drops to a 3-week low.

According to data from shipping information website Kpler, the number of confirmed crossings through the Strait of Hormuz on July 16 dropped to a three-week low, with only 8 crossings recorded. Analysts noted that the low traffic volume could exacerbate uncertainties in crude oil supply and impact fluctuations in international oil prices.

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