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The developer behind the Slerf memecoin claims the snafu was due to a “mindless misclick,” but skeptics suggest the drama may have been a very daring marketing stunt.
A $10 million snafu involving the Solana-based Slerf (SLERF) memecoin may have actually been a sophisticated marketing stunt — at least, according to some onlookers of the debacle that unfolded on Monday.
On March 18, the developer of the Slerf project drew widespread attention after claiming to have accidentally burned a pre-sale allocation of 53,000 Solana (SOL) tokens intended to be airdropped to early investors.
The Slerf developer posted “oh fuck” on X upon realizing his mistake, before following up with an explanation and “I am so fucking sorry” in a post 10 minutes later. Slerf's posts then went from apologetic to awe as volumes of the token spiked over $2 billion in trading volume in the hours after.
Galaxy's asset management arm partially attributed the milestone to its spot Bitcoin ETF with Invesco, though inflows have been low.
Crypto investment firm Galaxy Asset Management has exceeded $10 billion in assets under management for the first time, citing a surge of institutional interest in digital assets.
On March 19, Galaxy Digital CEO Mike Novogratz shared the milestone on X, which he said was part of “continuous progress in enabling investor access to the growing digital economy.”
In a company blog post updated on March 18, Galaxy Asset Management (GAM) reported preliminary assets under management of $10.1 billion as of Feb. 29, 2024.
Grayscale’s GBTC has just notched its largest day of outflows since its launch, though ETF analysts are optimistic that BTC ETFs are only just starting to gain momentum.
More than $640 million worth of Bitcoin (BTC) flowed out of crypto asset manager Grayscale’s spot Bitcoin ETF on March 18, marking the largest day of outflows for the fund since its conversion to a spot ETF on Jan. 11.
Grayscale notched a total of $642.5 million in outflows on March 18. At the same time, inflows into Fidelity’s Bitcoin ETF — the second-largest fund — stumbled to just $5.9 million, its lowest day on record, according to data from Farside Investors.
Both led to a net outflow for spot Bitcoin ETFs of $154.3 million.
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As the 2024 Grammy weekend unfolded, a fusion of music royalty, industry executives, and rising stars converged at an exclusive Beverly Hills penthouse for an event that will undoubtedly linger in the memory of attendees and fans alike. Hosted by the dynamic trio of G-Herbo, Polo G., and Hotblock JMoe, ‘The Labels Brunch’ brought together […]
The post G-Herbo, Polo G & HotBlock JMoe Elevate Grammy Weekend Luxury appeared first on SOHH.com.
Save the seeds when you carve a fresh pumpkin, toast them, and use them for snacking or as a crunchy salad topping.
Bitcoin’s price on Bitmex plummeted to $8,900 in a flash crash late Monday, diverging significantly from the global average price of around $67,400, due to large sell orders on the XBT/USDT pair. Bitmex is investigating the incident, which involved over 850 BTC being sold, causing the dramatic price drop while other exchanges showed prices well […]
Standard Chartered has raised its bitcoin forecast, predicting that the cryptocurrency’s price could reach $250,000 next year and $150,000 this year. The bank also adjusted its ether forecast as it anticipates the approval of a spot ether exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in May. Standard Chartered’s Revised Bitcoin Price […]