The week ending June 19, 2023, saw minor outflows totaling $5.1 million from digital asset investment products, as reported in CoinShares’ Digital Asset Fund Flows Weekly. Despite these outflows, altcoins experienced inflows totaling $2.4 million following the prior week’s price crash, suggesting a shift in investor sentiment. While Ethereum (ETH) experienced the most significant outflows The post Altcoin ETPs see inflows amid ETH, BTC outflows as alts recover appeared first on CryptoSlate.

The future of the metaverse is highly debated at the moment with Instagram pulling NFT support, lackluster growth of many metaverse projects, the potential security classification for metaverse tokens such as SAND and MANA, and notably the launch of Apple’s VisionPro with no mention of a metaverse in its WWDC conference. However, simply because it The post How Apple’s VisionOS can pave the way for mainstream metaverse adoption appeared first on CryptoSlate.

The House Financial Services hearing on “The Future of Digital Assets” contained a wealth of information on the potential future of the digital asset space in the United States. Following the recent SEC lawsuits against Binance and Coinbase, the industry has feared for the future of web3 within the U.S. due to the listing of The post Digital Assets hearing latest – sufficiently decentralized tokens may still avoid security label appeared first on CryptoSlate.

According to the local news outlet The Standard, Hong Kong is making strides in creating a clear framework for stablecoins pegged to traditional financial assets. The Hong Kong Monetary Authority (HKMA) aims to introduce the proposed comprehensive regulatory framework for stablecoins within 18 months. Stablecoin regulatory progression With Hong Kong’s progressive approach to stablecoin regulations, The post Hong Kong seeks fast regulatory action on stablecoins appeared first on CryptoSlate.

Ordinals are creating a paradigm shift in Bitcoin functionality, with the potential to unlock greater possibilities in digital asset management, NFTs, and collectibles. As the Ordinals project evolves, the integration of recursion establishes new opportunities for the creation of complex, interactive content on the Bitcoin blockchain. Labeled “Ordinals 2.0” by Bitcoin personality Dan Held, recursion The post Ordinals 2.0 reduces bloat, brings smart contract-like functionality to inscriptions appeared first on CryptoSlate.