Bitcoin (BTC) has overtaken Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization. As of April 23, Bitcoin’s market cap surged to $1.87 trillion, edging past Alphabet’s $1.859 trillion valuation, according to asset ranking data. BTC is now behind only gold, Apple, Microsoft and Nvidia. Top assets by market cap. Source: CompaniesMarketCap.com Bitcoin beats Nasdaq 100 returns in April Bitcoin’s edge over Alphabet coincides with its ongoing “decoupling” from its long-standing correlation with US tech stocks, especially in April, when BTC’s price rallied 15% despite the…
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This year’s top ETF strategy? Shorting Ether — Bloomberg Intelligence
Betting against Ether has been the best performing exchange traded fund (ETF) strategy so far in 2025, according to Bloomberg analyst Eric Balchunas. Two ETFs designed to take two-times leveraged short positions in Ether claimed (ETH) first and second place in a Bloomberg Intelligence ranking of the year’s top-performing funds, Balchunas said in a post on the X platform. In the year-to-date, ProShares UltraShort Ether ETF (ETHD) and T Rex 2X Inverse Ether Daily Target ETF (ETQ) are up approximately 247% and 219%, respectively, Bloomberg Intelligence data showed. The implications…
Read MoreMy Top 3 Takeaways From Fidelity And Voltage’s Recent Lightning Report
Follow Frank on X. In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more Lightning nodes are coming online. Source: The Lightning Network: Expanding Bitcoin Use Cases Some key…
Read MorePaul CHAN Mo-po, Vitalik Buterin Among the Top Speakers at Hong Kong Web3 Festival 2025
PRESS RELEASE. Hong Kong Web3 Festival today announced the first-round speaker lineup for its upcoming 2025 edition, which will take place from 6 to 9 April. The event will bring together representatives from a broad range of experts and leaders in the Web3 space, including: Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of […] Source link
Read MoreEU stays on top of Web3 with metaverse, AI and crypto strategies
The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies. It has been a leader in establishing clear crypto regulations with its long-awaited Markets in Crypto-Assets (MiCA) framework signed into law in late May. The EU has also been pushing forward on creating regulations for the development and deployment of artificial intelligence (AI) systems. Most recently, on July 11, the European Commission released its latest plan to take the lead in metaverse development and prevent Big Tech from becoming too dominant in an economically viable…
Read MoreTop 7 IT certifications in demand
In today’s tech-driven world, certain IT certifications are highly sought-after. The top seven in-demand IT certifications are CISSP, PMP, CCSP, CDP, CCNP, CEH and AWS Certified Solutions Architect. Obtaining these certifications can open doors to lucrative career opportunities. These certifications cover a variety of specializations, including data management, networking, information security, project management, cloud security and ethical hacking. These credentials not only confirm your abilities and knowledge but also increase your marketability and open doors to rewarding employment opportunities with competitive salaries. By obtaining these in-demand credentials, one can stay ahead…
Read MoreTop metaverse property investments suffer massive losses: Report
Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value. A study published by CoinGecko shows that popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during the period studied, from January 1, 2022, to May 24, 2023. Metaverse land prices comparison. Source: CoinGecko As shown above, the most expensive property at the time, Otherdeeds by Otherside, which once sold properties for 5 Ether (ETH), is…
Read MoreMemecoin sends BTC fees to the moon, miner profits top $50B…
Top Stories This Week Memecoin hype drives Bitcoin transaction fees to multi-year highs The ongoing trading frenzy of memecoins like Pepe has triggered an unwanted consequence for Bitcoin (BTC) — raising its transaction costs to their highest point in two years. On May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.5 million, jumping about 400% from late April. Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem amid the rise of memecoins. A total of 8,500 different tokens have been minted…
Read MoreUS vice president gathers top tech CEOs to discuss dangers of AI
The United States vice president and President Biden’s top advisors have held a meeting with several AI industry CEOs to discuss “concerns about the risks associated with AI.” On May 4, U.S. vice president Kamala Harris was joined by nine top Biden administration advisors in science, national security, policy and economics, meeting with the CEOs of OpenAI, Microsoft, Google and AI startup Anthropic. Notably, tech giant Meta’s CEO Mark Zuckerberg was absent from the meeting. Before the meeting, the White House released a flurry of AI-related announcements regarding funding AI…
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