Web3 🌘 Thursday Headlines: Transparency Takes Center Stage, Solana DAO Drama, Grayscale's Throne Wobbles, and Dogwifhat Takes Flight
1/ 🌟 Bitwise Sets the Transparency Bar High for Bitcoin ETFs.
2/ 💸 Fan Club for Solana Phone Loses 750 SOL.
3/ 📊 Over 80k BTC Leave Grayscale, Rivals Amass 118k.
4/ 📈 Dogwifhat Soars on Bitget Listing.
For further details, let's keep reading! 👇
Welcome to today's crypto update, where transparency, drama, and market shifts are keeping things interesting! From Bitwise to Solana DAO, Grayscale's once-dominant trust, and Dogwifhat - Solana's meme coin.
Stay tuned for more details!
1/ 🌟 Bitwise Sets the Transparency Bar High for Bitcoin ETFs.
Bitwise just took a major step towards transparency. They've cracked open their vault and revealed the exact Bitcoin addresses where their digital gold is stashed. This transparency allows people to see where the Bitwise Bitcoin ETF is storing its Bitcoin, building trust and fostering confidence in the burgeoning world of crypto ETFs. Some people believe that this transparency should be standard for all investment products.
Trent Alan
2/ 💸 Fan Club for Solana Phone Loses 750 SOL.
Solana's Saga phone fan club, Saga DAO, just got hit with a major blow - a whopping 750 SOL tokens, or $60,000, vanished into thin air! The plot twist? One of their own founders is suspected of orchestrating the heist. Drama, accusations, and a lost fortune - it's like a crypto soap opera unfolding. While co-founders bicker over who's to blame, the once-promising DAO's future hangs in the balance. This saga serves as a stark reminder of the wild west nature of crypto and the importance of trust in decentralized communities.
Danny Nelson
3/ 📊 Over 80k BTC Leave Grayscale, Rivals Amass 118k.
Grayscale Bitcoin Trust (GBTC), a popular Bitcoin investment vehicle, has seen a significant drop in its holdings, with over 80,000 BTC leaving the trust since January 12th. This comes amidst a surge in popularity for spot Bitcoin ETFs, with 9 new ones launching recently and collectively holding a total of 118,000 BTC. This shift suggests a potential move away from GBTC and towards more direct exposure to Bitcoin through spot ETFs. Could this be the beginning of GBTC's sunset, or will the old king reclaim his throne?
Jamie Redman
4/ 📈 Dogwifhat Soars on Bitget Listing.
Solana meme coin Dogwifhat (WIF) saw a meteoric rise of over 30% after it was listed on crypto exchange Bitget. WIF is currently trading at $0.3181, with a market cap of $332 million. This surge wasn't a solo act, as fellow Solana meme coin BONK also jumped 7.5% since Tuesday. Even Solana (SOL) itself joined the party, rising 8.6% to reach $87.36. This price hike comes after SOL dipped below $100 last week, making for a heartening comeback for the Solana ecosystem.
Stacy Elliott
Conclusion:
Today's headlines offer a glimpse into the ever-changing crypto scene, where innovation, drama, and opportunity intertwine. On the one hand, Bitwise's bold move to reveal their Bitcoin holdings sets a new standard for trust in the ETF space. On the other hand, the Solana DAO saga serves as a cautionary tale about the risks of decentralized communities. Meanwhile, the battle for Bitcoin dominance heats up as Grayscale sheds holdings while spot ETFs rise, and Solana's meme coin ecosystem enjoys a sunny day.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
