NFT News by Thebittimes.Com

Elon Musk emerges as one of the most accomplished entrepreneurs, with a substantial net worth of around $251.3 billion as of December 31, 2023. Naturally, investors are intrigued by Musk’s investment strategies. Musk’s approach to investment s seems clear-cut, especially considering his public disclosures. His investment portfolio consists of companies under his direct influence or ownership and ventures in areas like cryptocurrencies. Remarkably, Musk chooses not to uphold an extensive collection of publicly traded stocks in companies where he lacks active, day-to-day involvement. In this context, Finbold has compiled the following investment portfolio owned by Musk. SpaceX In 2002, Elon Musk founded SpaceX with a mission to revolutionize space technology. Over the years, the company has achieved remarkable milestones, including launching the first private liquid-propellant rocket, Falcon 1, in 2008 and delivering the Dragon spacecraft to the International Space St...

DWF Labs has further solidified its alliance with the FLOKI ecosystem by substantially acquiring FLOKI tokens valued at $1.25 million .  DWF Labs executed this acquisition over the counter, highlighting strong belief in the meme coins in the ongoing bull market. DWF LABS PURCHASES AN ADDITIONAL $1,250,000 IN TOKENS TO SUPPORT THE FLOKI ECOSYSTEM Industry-leading digital asset market maker and multi-stage Web3 investment firm DWF Labs purchased an additional $1,250,000 in $FLOKI tokens from the #Floki Treasury and has expressed a strong… pic.twitter.com/Z7z2AaaBKl — FLOKI (@RealFlokiInu) December 5, 2023 You might also like: BlackRock and Bitwise amended applications for spot Bitcoin ETF yet again FLOKI’s price has been incrementally growing throughout the past year. Although memecoins have been notably stale throughout the first half of 2023, FLOKI’s price has soared by over 300% in a year. The acquisition of DWF Labs earlier today further boosted the memecoin’s pri...

CoinShares reports a $293 million surge in crypto investment s, hitting $1.14 billion. The rise is attributed to the potential listing of a spot-based Bitcoin ETF. Looking at the last two weeks, the European crypto asset manager suggests this is a real turnaround in sentiment, which may result from the recent spot-based ETF listing request. The CoinShares report, dated Nov. 13, highlights that digital asset investment product s saw inflows of $293 million, extending the consecutive run to seven weeks and surpassing the $1 billion milestone. The total amount now stands at $1.14 billion, marking the third-highest annual inflow on record.  You might also like: CoinShares reports total inflows in 2023 have now surpassed 2022 Moreover, this influx of funds, coupled with price appreciation, has led to a 9.6% increase in total assets under management (AuM) over the past week and a 99% surge since the beginning of the year. As a result, the total AuM has reached $44.3 billion, ...

Superdao founder Yury Lifshits hints at shutting down the platform despite launching many decentralized autonomous organizations (DAOs) since its launch in 2021.  According to a letter published on the company’s Notion, Superdao has ceased operations, saying that the crypto ecosystem “has become much smaller than its initial ambition” of becoming the next generation of internet. The founder stated that Superdao has helped more than 2,000 DAOs to launch with 300 million wallets already indexed.  According to its Crunchbase profile, Superdao raised $1 million in October 2021, soon after it was launched, and $10.5 million on Jan. 26, 2022.  Moreover, the company stated that the remaining funds , while not disclosing the amount, will be return ed to the investors.  “With this view in mind, we decided to return the substantial remaining funds to investors and wind down operations. We believe that both the team and the capital can create bigger outcomes elsewhere....

CoinShares’ latest weekly inflow report shows a substantial increase in investor appetite for digital asset investment products with Bitcoin leading the rally. A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares. Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s share at $187 million (94% of overall inflows). This week in Fund Flows, by @jbutterfill: A sharp shift to bullishness among investors, injecting US$199m in digital asset investment products. This marks the largest single weekly inflow since July ’22, correcting almost half of 9 consecutive weeks of outflows. (1/5) pic.twitter.com/TvZ0EM2KLU — CoinShares (@CoinSharesCo) June 26, 2023 CoinShares analysts attributed the reversal to increasing activity from exchang...

According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3. On May 2, European crypto currency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in out flows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes by the United States Federal Reserve this week. Weekly crypto asset flows. Source: CoinShares According to the report, crypto market funds experienced outflows across all geographies and providers, particularly in Germany and Canada, where outflows reached $40 million and $14 million, respectively. Bitcoin (BTC) recorded the largest outflows at $46 million, with short-Bitcoin also experiencing outflows of $7.8 million, its hig...