Bitcoin and Ethereum cash flow, miners betting against Ethereum PoS and many other crypto market highlights compiled over the last 24 hours.

Crypto Market Highlights: Investment News

• Digital asset investment products recorded a total of $14.4 million in inflows over the past week, breaking outflows five weeks earlier, according to CoinShares data. Bitcoin (BTC) recorded total inflows of $14 million last week compared to outflows of almost $55 million a week earlier. Ethereum (ETH) continues to see inflows, with nearly $16 million over the past week, or down about 50% from the previous week. Added CoinShares: “End of the week cash flow during a period of significant price weakness suggests investors see this as a buying opportunity at current prices.”
• Former Goldman Sachs CEO and chairman Lloyd Blankfein told CNBC that his views on cryptocurrencies are evolving after digital assets attracted trillions of dollars in value. “I can’t predict the future, but I think being able to predict the present is a big thing, like what’s up? And I look at crypto, and it’s happening.”he said, explaining that the ecosystem surrounding cryptocurrencies has matured over the past year.
• Asset management giant BlackRock Inc. has registered an exchange-traded fund (ETF) focused on blockchain technology, filings with the US Securities and Exchange Commission (SEC) show. The iShares Blockchain and Tech ETF tracks the investment results of an index comprised of companies involved in the “development, innovation and exploitation of blockchain technology and cryptocurrencies” in the United States and elsewhere.
• Non-fungible token (NFT) investment firm NFT Investments has signed a non-binding letter of intent to acquire crypto venture capital firm Pluto Digital Assets PLC for £96 million (US$129.4 million). “The acquisition of Pluto is the largest acquisition by NFT Investments since its IPO in April 2021. It will create an important global metaverse and strengthen NFT Investments’ presence in the NFT sector as Pluto Ventures invests heavily in NFT and the NFT game has,” the company announced.

Crypto Market Highlights: Mining News

At a time when Ethereum is looking to transition to Proof-of-Stake (PoS) consensus, Luxor Technology Group has decided to create an Ethereum mining pool and the company has started organizing and building an operations team started to bring Ethereum Proof of Work (PoW) and claims that it “ensures grid operations remain decentralized and mining has a profound, positive impact on the energy market at global volume.” According to the company, it is working at large institutional miners like Hut 8 and Hive Blockchain, as well as a number of retail miners in North America, “to push the industry forward.” ”

Bitcoin miner CleanSpark announced that its hashrate recently surpassed 2 exahashes per second (EH/s), doubling in the past three months. The company says it is now producing around 10 BTC per day.

Crypto Market Highlights: General News

Meta says that in their efforts to create their own metaverse, they will work with experts in human and civil rights, government, technology and science to get things right, to think through the issues and reduce risks. No company can (or should) build the Metaverse alone. The company added that it will invest $50 million over the next two years to develop mixed reality shows and conduct research focused on four key areas: privacy, security and opportunity, economics, and inclusion.

Crypto Market Highlights: Regulatory News

The US White House is preparing to issue an executive order as early as next month.

The Advertising Standards Authority of Ireland (ASAI) is monitoring developments in other countries after UK authorities announced new rules to curb misleading cryptocurrency advertising this week, according to The Times Journal.

According to The Register, the Myanmar military has enacted a cybersecurity law that bans the use of virtual private networks (VPNs) and carries prison terms and/or fines. The bill also bans the use of digital currencies, subject to a six-month to one-year prison sentence and a corresponding fine, which will be used to discourage VPN use.

Crypto Market Highlights: Stock Market News

FTX is preparing to offer a Visa debit card, which will not be available to US customers. FTX also says its card will have no fees (except for third parties) and crypto balances will be automatically exchanged at the point of sale, allowing users to spend their crypto anywhere, with no Visa accepted worldwide.

Crypto Market Highlights: Career News

According to a job posting, social media giant Twitter is recruiting another head of its crypto division. The new hire will serve as “Senior Product Manager, Cryptocurrency” to research Blockchain, Crypto and Web 3.

Wall Street heavyweight Citigroup is hiring a global head of digital asset risk management who will be responsible “for all matters related to the risk management of asset operations” globally and across all Citi businesses.

Blockchain.com is adding Tom Horton, a top independent director at retail giant Walmart, to its own board of directors ahead of a possible public offering of its cryptocurrency service, according to Bloomberg. Horton told the outlet that what’s happening in the crypto space “has to do with things that he has in relation to other places — other boards, other companies.”

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