50.000✅

Become a follower to be the winner of the broadcast to reach#50.000✅ Solana Investor Sentiment Remains Battered With $3M Outflows: CoinSharesSolana-based investment products had seen steady inflows throughout the year after intensive performance and reliability improvements.However, investor confidence took a hit due to a network outage lasting five hours earlier this month, caused by a bug that caused transactions to enter an infinite loop, thereby impacting the network’s functionality.Solana’s Troubles Continue#Launchpool #UNI #ARKM Among altcoins, only investment products tied to Solana experienced outflows, which surged to $3 million in the past week. This latest figure nearly doubles the amount from the previous week, when Solana saw $1.6 million in outflows.Its rival, Ethereum, on the other hand, saw inflows of $17 million.During the same period, other altcoins, such as Chainlink and XRP, also attracted $1.8 million and $1.1 million inflows, respectively. Investment products based on Cardano and Litecoin settled with inflows of $0.4 million and $1 million, respectively.According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin experienced inflows of $570 million last week, pushing its year-to-date inflows to $5.6 billion. However, recent price increases prompted minor inflows into short-bitcoin positions, totaling $3.9 million.Investment products focused on digital assets saw weekly inflows reaching $598 million, according to CoinShares. This marked the fourth straight week of such inflows. As a result, the year-to-date inflows have exceeded $5.7 billion, constituting 55% of the record inflows observed in 2021.Earlier this week, the total assets under management (AuM) reached a peak of $68.3 billion, the highest since December 2021, though still below the all-time high of $87 billion recorded in November 2021.Meanwhile, blockchain equities had a subpar week, experiencing outflows amounting to $81 million, suggesting a degree of caution among equity investors currently.US Dominates Investment InflowsIn terms of regions, the spotlight remains on the US, where the majority of inflows totaled $610 million, influenced by incumbent issuer Grayscale, which witnessed additional outflows amounting to $436 million last week.Brazil and Switzerland experienced minor inflows of $8.2 million and $2.1 million, respectively, while both C$BTC anada and Sweden saw outflows totaling $18 million and $8 million, respectively. Germany also noted a minor outflow of $0.3 million.The post Solana Investor Sentiment Remains Battered With $3M Outflows: CoinShares appeared first on CryptoPotato.#Learn

Become a follower to be the winner of the broadcast to reach#50.000✅ Ether Is Now the Largest Institutional Crypto Asset: Bybit ResearchInstitutions are heavily allocating their portfolios to ether and bitcoin, while retail users are more bullish on bitcoin, according to a Bybit report.Bybit's report highlights a shift in market sentiment since December, with institutions now favoring ether due to the anticipated Dencun upgrade and reducing their altcoin positions.Despite Solana's strong performance in Q3 2023, Bybit data suggests that neither institutions nor retail users are interested in hodling the token, with SOL now constituting only a single-digit percentage of institutional portfolios as of January 31.Institutions are over-allocating their portfolio to ether {{ETH}}, followed closely by bitcoin {{BTC}}, which is a contrast to retail users who are much more bullish on the latter, a new report from Bybit research said.Institutions have increased their portfolio concentration in bitcoin and ether to 80%, with a significant bet on ether due to the anticipated Dencun upgrade, according to Bybit's report, which surveyed traders with assets in the exchange. Meanwhile, retail users have a lower concentration in these assets and a higher tilt towards altcoins, the report added.Ether, which is now trading above $3100, has outperformed bitcoin with a 33% rally year-to-date, driven by factors such as its deflationary supply since the shift to proof-of-stake, low levels of ETH held on exchanges, and increased staking activity.In a recent report, Bernstein analysts Gautam Chhugani and Mahika Sapra also highlighted the growth of Ethereum's DeFi ecosystem and layer-2 networks, as well as the anticipated Dencun upgrade, as key catalysts for ETH's performance compared to the world's largest digital asset.Read more: Ethereum Developers Target March 13 for Milestone 'Dencun' Upgrade on MainnetThis market sentiment had changed from December when Bybit published its last report, which showed that institutions were bullish on bitcoin, mixed on ether, and were moving more of their ether and altcoin holdings into bitcoin in anticipation of the bitcoin exchange-traded fund (ETF) ETF being approved.Bitcoin is up 20% since the beginning of the year, according to CoinDesk Indicies data, outpacing the performance of the CoinDesk 20, a measure of the largest digital assets, which is up 12%.Bybit also observed that Institutions have significantly reduced their altcoin positions, particularly in volatile categories like meme coins, artificial intelligence (AI), and BRC-20 tokens, despite their high returns in 2023. Instead, focusing more on stable assets like layer-1 tokens and decentralized finance (DeFi) protocols.AI tokens seem to be correlated with chip designer Nvidia's performance, as the GPU giant is practically synonymous with AI developments. The company's recent blowout earnings report sent AI tokens rallying, and many large-cap tokens in the category, like {{AGIX}} are up double digits in the last week.Despite Solana's {{SOL}} strong performance in the third quarter of last year, where it rallied and erased many of the losses of the crypto winter, Bybit's data suggests that both institutions and retail users have not been interested in HODLing the token that was once at the center of Sam Bankman-Fried's portfolio.SOL, says Bybit, now constitutes only a single-#UNI #ACE #Launchpool #Portal Learn to play on Binance@ $BTC

Become a follower to be the winner of the broadcast to reach#50.000✅ Lido Staked Ether Takes Over XRP in Market Cap As Ethereum Reached $3.2kLido Staked Ether has surpassed XRP to become the sixth-largest cryptocurrency, with a market cap of over $31 billion. Lido Staked Ether’s (stETH) bullish market is largely attributed to Ethereum’s significant gains this month, as the second-largest cryptocurrency reached $3,200 today and a 40% surge for the token in February alone. Dune analytics data shows that Ether deposits on Lido are nearing 10 million ETH, as the protocol hasn’t seen any net outflows since Dec. 19th. Currently, Lido Staked Ether accounts for 35% of all EH deposits on EigenLayer, one of the leading platforms that provide access to the Ethereum staked capital.Lido Staked Ether represents a tokenized version of staked Ethereum in the Ethereum 2.0 Beacon Chain, facilitated by the Lido decentralized finance (defi) protocol. Lido enables users to stake their Ethereum without locking the assets or maintaining staking infrastructure, thereby addressing some of the key limitations associated with the Ethereum 2.0 staking mechanism. Lido Net Deposits | Source: DuneYou might also like: Bitcoin reaches $53k as daily trading volume soared over 50%At the same time, XRP is underperforming the market rally, losing nearly 2.5% in a week. Despite Bitcoin, Ethereum, and Solana recording notable gains today, XRP’s price has only seen a 0.5% increase. XRP traders are showing a rather cautious sentiment in the market, as the ongoing battle with the SEC is still far from over. If the ruling favors the SEC, it could see XRP paying $2.64 billion in penalties, making 2024 the most profitable financial year for the commission. #XRP #XRPCommunity What the #Ripple v #SEC Remedies phase is really all about.👇 A successful claim on all of those sales would contribute significantly to making 2024 the best fiscal year the SEC has ever had. No wonder they don't want to let it go so easily. 🫰💰 pic.twitter.com/GOQ9hxvIhG— Ashley PROSPER (@AshleyPROSPER1) February 25, 2024Despite XRP’s disappointing performance this year, whales have invested $40 million in XRP over the last 10 days. This could suggest a potential buying the dip for the altcoin, which could eventually push XRP to break beyond its resistance level at $0.58 in March. Read more: Bitcoin leads digital asset funds in 4th straight week of inflows#TrendingTopic #BTC #Portal #ETH Learn to play on Binance@ $BTC