Daily Dispatch
Posts
Institutions buy the crypto dip 🛒

Institutions buy the crypto dip 🛒

Institutions have been scooping up crypto following this week's rout.

Stephen Graves
August 07, 2024

IN PARTNERSHIP WITH

📝 What you need to know

Institutions have been scooping up crypto following this week's rout, according to crypto trading firm FalconX, which tracked trades from proprietary trading desks, hedge funds, venture funds, and retail aggregators.

Investors also poured money into U.S. spot Ethereum ETFs, which saw their biggest day of inflows in ETH terms—though the market downturn meant that the dollar value of those inflows didn’t match those of their first day trading.

Institutions Are 'Buying the Dip' as Crypto Finds a Footing Following Recent Market Slump

Institutions buying the recent crypto dip has been a clear trend during the correction, FalconX's head of research David Lawant told Decrypt.

Ethereum ETFs Took in More ETH Yesterday Than on Their Debut—But Not More Cash

Ethereum ETFs took in more ETH yesterday than on their debut—but not more dollars, thanks to the price still rebounding from Monday's crash.

Nasdaq Asks SEC to Approve Options Trading for BlackRock's New Ethereum Trust

The trust will not engage in Ethereum proof-of-stake validation or use its assets to earn additional income generated through staking.

Solana Price Jumps Double Digits as Pump.fun Meme Coins Surge

Solana is up by double digits in the past day, as meme coins built atop its blockchain surged by 35% overnight.

🎓 LEARN: Getting Started with Institutional Staking

Earn a free NFT by taking our course, “Getting Started with Institutional Staking,” in partnership with Figment. Learn all about how proof of stake blockchains work, how to earn rewards through staking, and the various staking solutions available to retail and institutional investors.

🤡 Meme of the Day

Source: @BoldLeonidas

🌐 From Our Hubs

🎮 GG: 'Dog Pooper' Is the Rare Telegram Game You'll Want to Play for More Than Just an Airdrop

It might sound like a joke, but the dookie-matching Dog Pooper feels more like a real game than most Telegram affairs.

🎭 SCENE: Blackbird Introduces Crypto Payments at NYC’s Hottest Restaurants

The app has rolled out a new house account system for restaurants that runs on a native cryptocurrency and a new blockchain.

🤖 EMERGE: Zoom Guns for Google and Microsoft With AI-Powered Docs

The company pushes further out of the videoconferencing box with Zoom Docs, which it calls an “AI-first“ toolset.

From Our Partner

DeFi network Radix has created RadQuest, a gamified onboarding platform, to make getting started with the Radix ecosystem fun and simple. Join RadQuest mascot Jetty on a series of quests that showcase Radix’s user-friendly interface and unique features, collecting Elements and Morph Energy Cards to build your own unique RadMorph NFT.

Get started with RadQuest here.

📚 Dive Deeper

📹 WATCH: FOMO HOUR 173 - ARE WE BACK?

BTC & ETH ETFs see huge $6bn of trading volume. ‘Real number’ of liquidations estimated at $7-9bn. 274k traders liquidated on move.

🎓 LEARN: What is PolitiFi? The Wave of Political Meme Coins

Meme coins themed around leading politicians have emerged as another way for degens to gamble on emerging narratives.