In recent years, MENA has earned a stellar reputation for hosting high-quality events, attracting the best and brightest across web3. Since the launch of Lemniscap seven years ago, we have been actively identifying and backing pre-trend narratives and up-and-coming web3 solutions, both from an infrastructure and consumer layer perspective. The MENA region has presented exceptional investment avenues within emerging verticals, and as blockchain technology continues to evolve, the Middle East’s appetite for web3 growth will undoubtedly create a breeding ground for the most innovative and disruptive projects to thrive.
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Those who own cryptocurrency are more likely to have “dark tetrad” personality traits, according to a new study. Investors in digital currencies are also more likely to be men, rely on fringe social media sources, believe in conspiracy theories and feel victimised. That is according to new research that polled 2,001 American adults on whether they owned or had owned cryptocurrency. Around 30 per cent of them said that they had. It then asked about important demographic information, as well as other questions aimed at revealing their political, psychological and social traits. The researchers then took that data and attempted to work out what characteristics were the best predictors of whether someone had bought cryptocurrency. They found that among other important characteristics, those who had bought them were more likely to report that they had personality traits aligned with the “dark tetrad”. That is made up of narcissism, Machiavellianism, psychopathy, and sadism.
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Fidelity’s FBTC absorbed $23.72 million, pushing its reserves past the 180K BTC milestone. Currently, FBTC holds about 180,689.31 BTC, worth over $12 billion. Invesco’s and Galaxy’s BTCO fund saw inflows of around $13.65 million, while Franklin Templeton’s EZBC added $7.87 million on Monday. Vaneck’s HODL was the only fund with outflows on July 22, losing $38.37 million during trading. GBTC, BITB, ARKB, BRRR, BTCW, and DEFI had neutral days with no recorded inflows or outflows. To date, the total net inflow from all 11 spot bitcoin ETFs has reached $17.59 billion. Collectively, these funds manage $62.14 billion in net assets, representing 4.63% of BTC’s market cap. The influx of funds ahead of the spot ether ETFs launch indicates strong investor confidence in cryptocurrency ETFs. The recent momentum in spot bitcoin ETFs reflects a broader trend of growing institutional interest in the crypto market throughout 2024.
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