After the SEC decision on Bitcoin ETFs earlier this month, there has been a flurry of events in the crypto scene, and this week isn’t an exception. In the latest crypto news across the landscape this week, OKB (OKB) experienced a flash crash of nearly 50%. Additionally, BlackRock, one of the issuers of spot Bitcoin ETFs, now holds a whopping 39,925 BTC after recent purchases. Meanwhile, InQubeta (QUBE), a top ICO stirring up quite a buzz, nears the $10 million fundraising milestone following a surge in demand.
InQubeta (QUBE): A Bullish Presale Not to Miss Out On
InQubeta (QUBE) is one of the most promising new ICOs at the moment. Soaring past $8.5 million in early funding, it has become one of the most talked-about and sought-after tokens. In addition, its innovative concept makes it a favorite among investors seeking fundamentally strong altcoins.
Regarding its fundamentals, it aims to transform the fast-rising AI market with blockchain technology. To this end, it will build the world’s first crypto-based crowdfunding platform. In addition, its custom-built NFT marketplace will allow tech startups to raise capital by minting investment opportunities as NFTs. Their fractionalization will provide investors with democratized access to the lucrative AI market, allowing them to become early backers regardless of their income.
The presale is in its seventh stage, and a token costs only $0.0224. Tipped as the best new crypto to invest in, analysts predict a 5,000% rally in its price after launch. If you wish to become an early adopter, click the link below.
OKB (OKB): Flash Crash
A shockwave was felt across the crypto landscape following OKB’s (OKB) flash crash on January 23rd. OKB, the native utility token of the crypto trading platform OKX, experienced a swift plunge of almost 50%. The price briefly declined from $46 to $25, all in less than 15 minutes.
According to data, OKB’s market capitalization briefly dipped by over $6 billion before recovery but has since returned close to its initial trading zone. Taking to X (formerly Twitter), the team assured the community of an ongoing investigation into the recent price volatility.
According to the exchange, the liquidation of a series of large leveraged positions started the market shock. Nevertheless, users who suffered losses caused by the abnormal liquidation will be compensated by the exchange. Hopefully, we won’t see a repeat.
BlackRock Now Owns 39,925 Bitcoin (BTC)
BlackRock is currently the world’s largest asset manager. It was one of the asset managers whose spot Bitcoin ETF application was approved by the US SEC on January 10. With investor sentiment post BTC ETF on the rise, the Bitcoin ETF market is expected to skyrocket in the future.
In the first three days of trading, volume shot past $9.4 billion. Interestingly, Bitcoin is now the second-largest ETF commodity after surpassing silver in just a week of trading. The Bitcoin ETF vs. gold rivalry is poised to be interesting in the future.
Meanwhile, a piece of crypto news that has been stirring up quite a buzz is BlackRock’s rising BTC assets. BlackRock has been dipping into its resources and adding to its spot Bitcoin ETF. At the moment, following a significant purchase this week, its Bitcoin holdings now stand at 39,925. With more to be added in the coming weeks, BlackRock is expected to play a big role in the Bitcoin ETF market.
Conclusion
In the latest crypto news, OKB experienced a flash crash, although it has since returned to trading close to its original price before the crash. At the same time, BlackRock’s Bitcoin assets now total 39,925, while InQubeta has been enjoying massive presale participation. You can become an early QUBE holder by following the link below.
