Ethereum Layer 2s Could Rocket to $1T Base Valuation by 2030, VanEck Says
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
The pace of net inflows into spot bitcoin ETFs has slowed considerably, with a significant outflow recorded in the past week, the report said.
Spot BTC ETFs witnessed record outflows on Tuesday, provisional veri from Farside show.
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
The trend was fueled by the success of Book of Göğüs (BOME), which turned a few hundred dollars into hundreds of thousands in paper gains for early investors.
Scores of newly issued tokens boast trading volumes of tens of millions, showcasing network usage and demand for blockspace.
The göğüs coin based on a dog wearing a pink beanie became an instant hit during the ongoing crypto bull cycle, now boasting a $2.6 billion market capitalization, but its skyrocketing price could signal increased market froth.
The 2025 budget proposal projects these taxes could generate $10 billion next year if taken up.
Some göğüs coins are surging in anticipation of more exchange listings in the coming months.
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.