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Saudi Arabia partners with The Sandbox on future Metaverse planshttps://www.geekmetaverse.com/saudi-arabia-partners-with-the-sandbox-on-future-metaverse-plans/
#THESANDBOX #TheSandboxGame #Metaverse  #web3 

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Bitcoin Soars Past $71K, Fueled by ETF Inflows and Bull Run Hopes Bitcoin (BTC) surged above $71,000 in the last 24 hours, marking a new high since May 21st. Ethereum (ETH) also rose 1%, reaching $3,800 as the broader crypto market rallies. ETF Boost Drives Bitcoin Price The key factor behind the surge is likely the sustained inflow of capital into spot Bitcoin exchange-traded funds (ETFs). These investment vehicles have attracted over $880 million in net capital inflows on Tuesday, marking their 17th consecutive positive day. This is the best day for inflows since March 12th and the second-best since BTC ETFs launched. Analysts like Eric Balchunas of ETF Bloomberg point to the impressive year-to-date total of over $15 billion in BTC ETFs, rivaling established funds like SPY and VOO. Altcoins Join the Rally The optimism extends to altcoins, with a broad-based market upswing. Uniswap (UNI) leads the pack, fueled by a recent cryptic message from Uniswaps Labs. Binance Coin (BNB) also surged nearly 12%, nearing its all-time high and exceeding a $100 billion market cap thanks to new launches on Binance Launchpool. Other notable gainers include toncoin (TON), shiba inu (SHIB), solana (SOL), dogecoin (DOGE), and avalanche (AVAX). XRP and Cardano (ADA) saw more moderate increases. Analyst Optimism and Ethereum's Future "The resilience of BTC ETFs after recent sell-offs is impressive," said Balchunas. "This surge feels like a turning point." While inflows slowed down after the initial Bitcoin explosion in March, they have averaged $140 million daily since May 16th, according to Farside Investors. The positive sentiment surrounding Bitcoin extends to Ethereum as well. Investors anticipate the launch of spot ETH ETFs, which could propel the leading altcoin to similar highs. A recent report by K33 Research predicts net inflows of $4 billion for ETH investment products in the second half of 2024, potentially leading to significant gains compared to Bitcoin. Market Outlook and Potential Risks.

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Devcon Southeast Asia 2024: Unlocking the Future of Ethereum in the Heart of Bang The Ethereum Foundation is set to ignite a groundbreaking spark in the vibrant city of Bangkok, Thailand, from November 12 to 15, 2024, as it proudly unveils Devcon VII, the much-anticipated Ethereum Developers Conference. This announcement not only reveals the date and location but marks a strategic move aligning with the region’s immense potential and the burgeoning adoption of cryptocurrencies. https://www.geekmetaverse.com/devcon-southeast-asia-2024/ #devcon #BlockchainEvents #Devcon7 #DC7SEA #web3 #ethereum #eth #EthereumETF #web3event #web3conference #bangkok #asia #Thailand #devconsoutheastasia #DevconVII

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Crypto Sector Trends in 2024: A Deep Dive according to Binance Research Bitcoin's continued reign, a potential institutional influx via ETFs, and the ever-influential halving event paint a promising picture for 2024. But while the bull market whispers are tempting, uncertainty remains. Let's dive deeper into the trends that could shape the digital currency landscape: Bitcoin: Still King, Still Evolving 2023 was kind to Bitcoin, and 2024 could be even kinder. A US Bitcoin spot ETF approval could unlock a flood of institutional money, reshaping the market. Meanwhile, the upcoming halving promises to squeeze supply and potentially inflate value. Beyond Bitcoin: A Tapestry of Trends Ordinals and Inscriptions: These controversial features are carving their niche in blockchains, adding new possibilities and sparking debates. Stablecoins: Anchoring the Storm: Their crucial role in facilitating crypto trading ensures their continued evolution and importance. NFTs and DeFi: A Phoenix Rising: The NFT market rebounds, bolstered by growing interest and exciting innovations. DeFi, meanwhile, marches on, pushing the boundaries of decentralized finance. Protocol Fees: Cost-Cutting Crusade: Optimizing fees and strengthening network foundations are high on the agenda, ensuring smoother transactions and a more robust ecosystem. SocialFi: Blurring the Lines: DeFi meets social media in this nascent trend, bringing finance and social engagement closer than ever. #binance #BinanceResearch

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Florida Mansion Sells for $11.2M, Includes Metaverse Version and NFTs

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