The Chicago Board Options Exchange (CBOE) has officially announced the commencement of trading for five Spot Ethereum ETFs in the crypto market. The notification released on July 19 revealed that the trading of these ETFs will begin on July 23, 2024, pending regulatory effectiveness. This launch date comes after previous speculations from analysts like Eric
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Semilore Faleti is a notable figure in the world of cryptocurrency journalism, with a specialization in journalism and content creation. His journey began with writing on various topics, but he soon discovered a passion for delving into the complexities of blockchains and cryptocurrency. Semilore is particularly fascinated by the efficiency of digital assets in terms
In the realm of cryptocurrency, dog-themed meme coins have emerged as a significant trend in 2024. These coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have experienced exponential growth, capturing the attention of both seasoned traders and newcomers to the market. The rise of these meme coins can be attributed to their strong communities
In recent months, trading volume on centralized exchanges has seen a significant decline, with June marking the third consecutive month of diminishing activity since March. According to a report by CCData, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March.
Cardano, despite the recent overall market recovery in the cryptocurrency space, appears to be struggling with profitability for its holders. Data from IntoTheBlock reveals that Cardano is currently the worst performer among the top 10 largest cryptocurrencies by market cap, leaving many holders disappointed and questioning their long-term beliefs in the project. Ever since the
Recently, a US court has granted Binance US permission to invest a specific amount of customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in increments of $10 million over four weeks. These investments will be made through a trading account on TreasuryDirect
The recent hack on India-based crypto exchange WazirX has brought attention to the security infrastructure of multiparty computation (MPC) wallet provider Liminal. In their post-mortem report released on July 19, Liminal stated that their system remained secure and was not compromised in the breach that resulted in an estimated loss of $235 million. Analysis of
The recent surge in the Ethereum market has been attributed to a lack of confidence from investors in the upcoming Spot Ethereum ETFs. Despite the potential for these funds to boost Ethereum’s price, data from Laevitas suggests that traders are not as bullish on ETH’s price as expected. With the annualized premium for Ethereum’s fixed-month
A market strategist has recently declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value. A crypto analyst identified as ‘Rekt Capital’ on X has announced to his 484,500 followers
Planetarium Labs has announced the release of the highly anticipated sequel to the Immortal Rising franchise: Immortal Rising 2. This new game is set to be built on the Immutable platform, offering players early access and exclusive in-game rewards as they gear up for the launch. Immortal Rising 2 follows in the footsteps of its
Shiba Inu, a popular meme coin, has recently experienced a significant increase in its burn rate, with a staggering 450% surge in the past 24 hours. This spike has resulted in nearly 50 million tokens being sent to a null address, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn
Ethereum experienced a positive week, closing with a 12% price increase. This notable recovery was fueled by a market-wide rally that allowed ETH to establish $3,300 as a crucial support level. The newfound base sets the stage for potential growth, with $4,000 identified as the next target and resistance level. Despite encountering rejection at this
Gods Unchained has been making headlines in the NFT gaming industry, with its recent surge in activity serving as a testament to its growing popularity. Unlike many other games struggling to make a mark in the current market, Gods Unchained has managed to stand out with its unique gameplay and engaging experience. One of the
Crypto analyst Rekt Capital has provided insights into the potential future trajectory of Bitcoin. According to Rekt Capital, Bitcoin might not be quite ready for its next leg up, which could see it climb back above $70,000. He claimed that Bitcoin is not yet prepared for a successful retest of the $65,000 level as new