Crypto News– Bitcoin Hilton set to open next year: El Salvador’s upcoming Hampton by Hilton hotel, spanning 4,500 square feet, is on track to be finished within 10 months, with full operation expected before July 2025. Roberto Laguardia, CEO of property development firm Inverlag, shared in an April 26 AMA with Jesse Knutson, head of operations at Bitfinex Securities, that construction should wrap up in approximately 10-11 months, followed by four to six weeks for staff training and opening operations.
Bitcoin Hilton Set to Open Next Year, BlackRock ETF Remains Stagnant for 3 Days
Bitfinex Securities, the sole licensed and registered digital asset provider in El Salvador, will oversee the tokenization process on the Bitcoin layer-2 Liquid Network. Interested investors will be required to invest a minimum of $1,000 to acquire tokens, traded under the ticker symbol HILSV.
Debt issuance will be managed by Inversiones Laguardia, aiming to secure $6.25 million from crowdfunding participants, offering a 10% coupon over a five-year period in return.
The hotel will be situated at El Salvador’s international airport, featuring five levels, 80 rooms, five commercial units, and various amenities such as a swimming pool, restaurants, gymnasium, gardens, and multipurpose rooms.
He’s optimistic that the rooms will consistently reach near-full capacity, given that the nearest airport hotel currently boasts a 95% occupancy rate.
The project had long been in Inverlag’s plans, but securing funding proved challenging until Laguardia became aware of this Bitcoin-based crowdfunding solution.
After 8 years of inactivity, an Ethereum whale wallet stirs, transferring 6.6M Dollars
An Ethereum whale wallet, allegedly associated with the Ethereum Foundation, has come alive after an eight-and-a-half-year dormancy, moving 2,000 Ether (ETH) valued at $6.6 million to a new address.
The wallet, identified by the address 0x2FE…B18Cc, received 2,000 ETH on September 22, 2015, when the value of ETH was less than a dollar at $0.9. This information was highlighted by blockchain analytics firm Lookonchain, which asserts the wallet’s connection to the Ethereum Foundation.
At the time of activity, it ranked as the 3404th richest Ethereum address, as per Private Keys data.
This development coincides with the upcoming decision by the United States securities regulator regarding the approval of spot Ethereum exchange-traded fund (ETF) applications, scheduled for May 23. Additionally, Ethereum’s classification as a non-security remains uncertain, leading Ethereum infrastructure firm Consensys to file a lawsuit against the U.S. Securities and Exchange Commission on April 25, arguing that the regulator lacks legal authority over ETH.
It’s worth noting that the Ethereum Foundation was established on July 6, 2014, in Zug, Switzerland.
For the third consecutive trading day, BlackRock registers zero flow
On April 26, BlackRock’s spot Bitcoin exchange-traded fund saw its third consecutive day without any flows, leading traders to speculate whether interest in Bitcoin investment products is starting to decline.
This streak of three days with no flow for the BlackRock Bitcoin Trust (IBIT) came after a 71-day period of inflows, as reported by London-based investment manager Farside Investors.
As Seyffart explained, ‘There are approximately 3,500 ETFs in the US. Yesterday, 2,903 of them had zero flow.’
He clarified that zero flows occur when there’s little discrepancy between the supply and demand for an ETF. Consequently, there’s no need for the ETF issuer to create or redeem new shares.
On April 26, the Invesco Galaxy Bitcoin ETF (BTSCO), Franklin Bitcoin ETF (EZBC), Valkyrie Bitcoin Fund (BRRR), and the VanEck Bitcoin Trust (HODL) also experienced zero flows. Conversely, ARK 21Shares’ Bitcoin ETF was the sole ETF to record inflows, totaling $5.4 million.
Immutable unveils 50 million Dollars reward program for Web3 gaming
Immutable, the company behind Immutable X, an Ethereum layer-2 scaling solution focused on GameFi, has introduced ‘The Main Quest’—a Web3 gaming reward initiative offering gamers up to $50 million in token rewards.
In an April 25 statement, the company announced, ‘Starting today, players can earn rewards instantly by completing quests, playing games, and owning collections on Immutable.’
This initiative is touted as the largest Web3 gaming reward program ever launched.
The current phase of The Main Quest features 10 GameFi projects, including Pixelmon, Illuvium, Guild of Guardians, Space Nation, MetalCore, and Hunters on Chain.
Immutable also stated, ‘Future titles and rewards are already planned for the upcoming phases of the program.’ Currently, Immutable boasts over 270 game titles in development on its blockchain platform.
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