Following 11 weeks of consistent inflows into digital asset investment products, outflows totaling $16 million showcased a slight reversal in the market. The latest CoinShares report highlights this subtle shift in the investment landscape of digital assets. The overall trading activity for the week stood at $3.6 billion, significantly higher than the year-to-date average of The post Crypto funds break 11-week hot streak of inflows with $16M net outflows, amid record $3.6B traded appeared first on CryptoSlate.

Tap Protocol has completed a $4.2 million funding round led by Sora Ventures to enhance its role in the Bitcoin ecosystem. This investment, featuring contributions from numerous venture capital firms and angel investors, equips Trac Systems, the German company behind Tap Protocol, for significant growth. The funding round attracted notable venture capital firms, including Cypher The post Tap Protocol secures $4.2M for Bitcoin OrdFi innovation and expansion through Ordinals appeared first on CryptoSlate.

The second annual Gam3 Awards has concluded, with Parallel earning top honors in several categories, including Best Strategy Game, Best Card Game, and the prestigious Game of the Year award. The event, celebrating the hard work of development teams in web3 gaming, showcased the diverse potential of blockchain technology in gaming. The Gam3 Awards, hosted The post Parallel dominates Gam3 Awards with triple win including Game of the Year appeared first on CryptoSlate.

Today, Binance released the data collected via a survey to understand the primary uses of crypto among its users. The top reason reported was to earn additional income alongside their primary occupation, with over three-quarters believing it reduces income inequality. The survey, which engaged over 1,000 participants, revealed that 45% of users primarily use crypto The post Binance survey reveals 76% of users believe crypto efficient in reducing income inequality appeared first on CryptoSlate.

The Securities and Exchange Commission’s (SEC) new disclosure requirements for how the public discloses material cybersecurity incidents go into effect later this month following the conclusion of the comment period. Given the transparent and timely manner in which exploits are often reported and handled within the crypto space, the new requirements may offer public crypto The post Public crypto companies get chance to shine as cybersecurity incidents to be reported within days under SEC rules appeared first on CryptoSlate.