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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin Spot ETFs Attract $3 Billion in One Month

Bitcoin Spot ETFs: A New Era in Investment The recent launch of Bitcoin spot exchange-traded funds (ETFs) in the United States has ushered in a remarkable financial phenomenon, capturing the attention of investors and analysts alike. Within just a month, these pioneering investment vehicles have attracted over $3 billion in net flows, a figure that notably eclipses the initial performance of gold ETFs when they made their market debut two decades ago. This trend signals not only a shift in investor sentiment but also a redefinition of traditional asset allocation strategies. For those looking to dive deeper into this area, the Comprehensive Guide to Spot Bitcoin ETFs offers valuable insights into navigating these new financial waters. Key Highlights Impressive Net Flows : Bitcoin spot ETFs have drawn over $3 billion in net flows within their first month, demonstrating robust market enthusiasm. Comparison to Gold ETFs : This performance surpasses that of gold ETFs at their inc
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Produced by Daniel Aharonoff & Mogul Media AI

Portal Airdrop: Bridging the Gap Between Crypto Games and Blockchain Networks

Portal, the platform that aims to bridge the gap between crypto games and blockchain networks, has announced that its token will be airdropped in January. The airdrop will take place after the conclusion of the Crystal Dash airdrop farming game, where users can convert their shards into Portal tokens. Crystal Dash, which was launched in late November, allows crypto users to earn points by sharing and interacting with Portal-related content on Twitter. However, this campaign has faced criticism from Crypto Twitter users due to the massive resharing of Portal posts. In response, Portal has made changes to the campaign to limit the number of points that can be earned.

Airdrops have become increasingly popular in the crypto market as a way for apps or protocols to reward early users and decentralize governance. Recent token airdrops from protocols like Jito and Pyth have put hundreds of millions of dollars worth of tokens into users' wallets.

Portal claims to integrate with blockchains such as Solana and Ethereum scaling network Polygon, and its token is built using LayerZero Labs' interoperability protocol. The project recently held a successful token presale, raising nearly $10 million in just 15 minutes across Ethereum and Solana.

The project has also attracted attention due to its partnership with Rockstar Games co-founder Jamie King, who is serving as one of the project's advisors. Decrypt recently spoke with Portal's Chief Business Officer, Dan Keene, to learn more about the project's plans.

Overall, the Portal airdrop in January is an exciting development for the project as it aims to incentivize and reward early users while also expanding its integration with various blockchain networks. The changes made to the Crystal Dash campaign show that the team is responsive to feedback and willing to adapt to improve the user experience. With prominent figures like Jamie King involved, Portal has the potential to make a significant impact in the crypto gaming space.

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