Digital assets manager CoinShares says institutional investors poured hundreds of millions into crypto investment vehicles last week in spite of market-wide sell pressure. In its latest Digital Asset Fund Flows report , CoinShares says that last week, institutional crypto investment products saw net inflows of $308 million. “Digital asset investment products saw a continuation of inflows last week totaling US$308m, although this masks the largest single day of outflows on the 19th December totaling US$576m, with total outflows in the final 2 days of last week at US$1bn.” Source: CoinShares According to CoinShares, last week’s hawkish Federal Open Market Committee (FOMC) release resulted in a $17.7 billion loss in assets under management (AuM) by crypto exchange-traded products (ETPs). “While these outflows may sound alarming, they comprise just 0.37% of total AuM, ranking as the 13th largest single-day outflow on record. The largest single-day outflow took place in mid-2022, when the FOMC interest rate hike prompted US$540m outflows (2.3% of AuM.)” Bitcoin ( BTC ), per usual, led the way with $375 million in inflows. While Ethereum ( ETH ) and XRP products enjoyed $51.3 million and $8.8 million in inflows each, multi-asset investment products, those investing in a basket of cryptos instead of just one, saw a significant uptick in outflows. “The most dramatic flows were from multi-asset investment products, which saw US$121m of outflows last week.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Institutional Crypto Products Continue Inflow Hot Streak Despite Market Sell-Off: CoinShares appeared first on The Daily Hodl .
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How MoonPay Plans to Revolutionize Crypto Payments
The post How MoonPay Plans to Revolutionize Crypto Payments appeared first on Coinpedia Fintech News MoonPay, a fintech company has become a major player in crypto since its launch in 2018. Led by CEO Ivan Soto Wright, the platform helps investors buy and sell cryptos as well as NFTs easily. It is like a PayPal but for cryptocurrencies. The project is capturing the spotlight as there are news about them acquiring Helio pay, a crypto payment gateway. MoonPay Role in Crypto Space MoonPay has launched innovative crypto payment solutions like MoonPay Balance. This is a fiat to crypto transfer tool that works seamlessly with wallets like MetaMask. Rolled out in 27 European countries last month, this feature gives users a straightforward way to interact with decentralized finance (DeFi) protocols. But the company isn’t stopping there. A potential acquisition of Helio Pay, rumored to cost $150 million, might be their next big leap. Helio Pay Acquisition News Helio Pay is no small name in the crypto world. The platform is like Coinbase Commerce, helping over 6,000 merchants and creators accept payments in Bitcoin, Ether, and other digital currencies. It even integrates Solana Pay into Shopify, a platform with millions of users globally. This is going to be an amazing combo as MoonPay already serves more than 20 million users in over 160 countries. According to Eleanor Terrett from Fox Business, MoonPay is in in talks to acquire helio for about $150 million. Source : X.com If this acquisition goes through, this is going to be a big thing for crypto space especially for e-commerce merchants and their users. MoonPay will get to expand its reach and e-commerce will get enhancement with its services. How great would it be if you could use crypto to buy stuff online just like using a credit card — easy and simple. Why This Matters This potential deal highlights MoonPay’s ambitions of making crypto transactions easier for individuals. This will reshape how businesses and users interact with cryptocurrencies. Adding Helio Pay to their portfolio would strengthen their infrastructure. This would finally bring crypto payments into the mainstream. As crypto adoption grows globally, this is the perfect time to bring such enhancements to crypto payments. What to Expect Next If the Helio acquisition deal is closed, this will likely spark even more innovations in the crypto payment space. The company already has a bright name because of its focus on easing the crypto payments, the new takeover will shine the name even more. It’s just a matter of time before the actual confirmation comes out. The Daily Hodl
Could This Token Be the Next Dogecoin? Experts Predict a 5,400% Surge in 2025
Dogecoin (DOGE) has been one of the promising alt coins with remarkable growth the past few years. But, FXGuys ($FXG) , a decentralized brokerage platform, seems to be making incredibly big waves in the market because of its features and many are asking if it might be the next big Dogecoin. Rumors surrounding this project are heard almost every day; hence, analysts predict that the cryptocurrency will be 5,400% higher in the year 2025. Since the beginning of the presale, FXGuys has been receiving a lot of attention from institutional buyers. At the moment, it is still at stage two presale, and the token is at $0.04; due to listing in major exchanges, the price will be $0.10. There is high demand for this blockchain trading platform which has been realized lately and this shows a possibility of the token to increase its price. Let’s examine why experts predict a 5,400% Surge in FXGuys by 2025 and if it is the next Dogecoin in the market. >>>JOIN FXGUYS HERE Dogecoin (DOGE): A Leading the Altcoin with High Growth Potential As much as meme cryptocurrencies are concerned, Dogecoin is one of those meme cryptocurrencies that everyone already knows exist. They were established so that they could be one among the most sought after projects in the market. The ever-rising price of Dogecoin assists the DOGE to reach its position as number one altcoin in the market. There is a reason for growth in the price of Dogecoin owing to an active community and using it for paying the bills and even giving tips. Accepting DOGE payments is growing more and more as other large companies and payment processors integrate it. Besides, the increased variety of applications, which use DOGE, like new solutions that enhance the effectiveness of the network, will continue encouraging the demand. FXGuys ($FXG): Web3 Prop Trading Platform with Staking and Trade2Earn Features FXGuys is the world’s first Web3 prop trading platform, enabling traders to be more productive in forex trading. A special feature that can help FXGuys grow includes the staking system. The user can stake his trading volume and earn up to 20% of the yearly profit, making it among the high-potential altcoins with great returns. Unlike other trading market platforms, the Trade2Earn program of this new crypto ensures that token holders get rewarded. In almost every trade that you enter on this platform, whether you are on the losses, you will get some $FXG tokens. For this reason, it is the most promising blockchain trading platform to invest in because the trader can earn more on this platform. As one of the high-potential altcoins, FXGuys has a Trader Funding Program from which traders can profit. One of the activities to be created under the program is giving capital to traders so they do not have to use their own money. If you have passed some tests, you will be funded with up to $500,000 in live trading capital, and as to the earnings, you will receive 80% of trading profit. >>>JOIN FXGUYS HERE Conclusion With the staking platform and Trade2Earn program, FXGuys has a great chance to be the next big Dogecoin. As a result of a very successful presale and tremendous demand from investors, many experts believe this new crypto will surge by 5,400% in 2025. You can also make money on this platform by visiting the website and buying your token. To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Daily Hodl