The latest crypto news highlights include BlackRock’s warning about investment scams, Shibarium reaching a significant milestone, and Cardano experiencing a 300% increase in fund inflows.
Points
- BlackRock warns about increasing crypto investment scams.
- Shibarium reaches a milestone of six million blocks.
- Cardano sees a 300% increase in funds inflows.
The top crypto news stories from U.Today bring significant developments in the market, including a warning from BlackRock, a milestone for Shibarium, and a surge in Cardano’s fund inflows.
BlackRock Issues Major Crypto Warning
BlackRock, a global investment manager, has recently addressed the crypto community on the X platform with an important warning. According to the company’s post, there has been an increase in scams associated with investments, which involve directing people toward crypto investment-related websites and social media platforms such as WhatsApp or Telegram. In this regard, BlackRock urged market participants to be cautious when interacting with people, organizations, or social media sites that utilize their brand to promote investments or training. The company also stressed that it never contacts anyone through social media platforms.
Shibarium Finally Hits Long-Awaited Milestone
Shibarium, Shiba Inu’s layer-2 solution, has finally achieved the long-awaited milestone of six million blocks, according to data provided by the Shibariumscan website. At the moment of writing, this important metric stands at 6,038,712. Total blocks is not the only metric that has demonstrated growth lately; the total transaction count is currently
constituting 417,994,331, while the number of connected wallets stands at 1,811,196. As for the Shiba Inu token’s price reaction to this positive achievement, it recorded 3.22% growth on Sunday evening, reaching $0.00001726. However, the meme token is now down 0.95% over the past 24 hours, changing hands for $0.0000166.
Cardano Skyrockets 300% in Funds Inflows
Cardano （ADA） has experienced a remarkable 300% increase in fund inflows, according to CoinShares’ recent weekly report on digital asset fund inflows. Last week, Cardano-focused investment products drew $1.2 million, placing ADA second out of all cryptocurrency ETPs （Exchange-Traded Products）. Since the beginning of 2024, Cardano-focused investment products have attracted a total of $11 million from traditional investors. This surge in fund inflows is attributed to the anticipation of the upcoming Chang hard fork, which is expected to achieve the highest level of decentralization for the Cardano network. The ADA token’s price reflects this optimism, showing a modest increase as the community eagerly awaits the hard fork’s implementation.
解説
- BlackRock’s Warning: BlackRock’s advisory highlights the growing prevalence of investment scams in the crypto space. Investors should remain vigilant and verify the authenticity of investment opportunities, especially those promoted on social media platforms.
- Shibarium’s Milestone: Shibarium’s achievement of six million blocks marks a significant development for the Shiba Inu ecosystem. The growth in transaction count and connected wallets underscores the platform’s increasing utility and adoption.
- Cardano’s Fund Inflows: The substantial increase in fund inflows for Cardano indicates strong investor confidence in the network’s future. The upcoming Chang hard fork is a key driver of this optimism, as it promises to enhance the network’s decentralization and governance.