The recent trend in Ethereum ETFs in the US has seen a mix of net outflows and inflows, with outflows totaling $77.21 million on Wednesday. This comes as Ether’s price struggles below $3,200. The Grayscale Ethereum Trust (ETHE) experienced significant net outflows of $133.33 million on July 31st, leading to a total loss of almost
Crypto
After the conclusion of the Bitcoin2024 conference, Bitwise CIO Matt Hougan made a significant call to all crypto investors, urging them to reconsider the potential upside of Bitcoin. In his view, the current market sentiment is “not bullish enough” towards the flagship cryptocurrency, despite recent developments signaling a shift that could have a substantial impact
The first two quarters of 2024 saw a surge in popularity for meme coins, but recent data indicates a significant cooling off in their market. While a handful of lesser-known meme coins have experienced gains over the past 30 days, the more popular ones like Dogecoin (DOGE) and Shiba Inu (SHIB) have struggled to maintain
Recently, XRP has experienced a significant increase in price, climbing to $0.66 from $0.60 in just 24 hours. This surge comes at a time when the XRP ecosystem is experiencing important developments, leading to renewed optimism among investors. One notable trend is the growing number of wallets holding at least 10,000 XRP, reaching a six-month
The cryptocurrency market has seen a surge in volatility recently, leading to fluctuations in investor sentiment. Bitcoin, for example, experienced a sharp drop from nearly $70,000 to below $66,000 in just a day, currently trading at around $66,300. This sudden correction was further amplified by the news of the US government transferring $2 billion worth
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration aims to improve the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). The ETF, which is physically backed by Ether, tracks its performance and provides investors with a more
BlackRock, a major player in the investment management industry, has recently confirmed that it has no immediate plans to launch a Solana (SOL) ETF. This decision comes despite the success of their Bitcoin and Ethereum spot ETFs that were launched earlier this year. The company’s Chief Investment Officer, Samara Cohen, made it clear in a
The US Securities and Exchange Commission (SEC) has recently announced its plans to amend its original complaint against Binance. This move might potentially eliminate the need for the court to make a decision on tokens that were previously classified as securities. The joint filing by the SEC, Binance, its US affiliate, and founder Changpeng Zhao
Over the past few days, Shiba Inu has experienced a 3% dip in its price, leading to concerns among investors. However, despite this short-term setback, there are indications that suggest a potential rally in the near future. It is essential to closely examine the different factors at play to make an informed decision about the
Ripple’s XRP has been experiencing significant price movements throughout the month. Starting at less than $0.40, it quickly rose to over $0.63. However, the momentum slowed down in mid-July, causing the price to retrace below $0.55 before climbing back up to around $0.60. These fluctuations have led to a consolidation phase in the past several
Bitcoin recently approached its all-time high but faced rejection. The surge in price was supported by various factors, including surpassing the average realized price for short-term investors. This surge indicated renewed market strength, contributing to the overall positive trajectory of bitcoin’s price. Recent findings by the on-chain analytic platform CryptoQuant revealed a growth in the
Solana (SOL) has recently surged in price, making it the fourth-largest cryptocurrency by market capitalization. With significant gains, analysts are optimistic about the future of SOL, citing bullish patterns and increasing network usage. The current price of SOL is nearly 5% higher daily, hovering around $192, with a market capitalization of almost $90 billion. This
Shiba Inu’s layer-2 blockchain solution, Shibarium, has recently reached a significant milestone by processing over 6 million blocks. This marks a resurgence in activity for the network, evidenced by the spike in active accounts from 253 to 417 in just one day. Moreover, new daily transactions have surged by 188%, surpassing 5,300 on July 28.
The recent proposal put forth by Republican Senator from Wyoming at the Bitcoin 2024 Conference in Nashville on July 27 has sparked a debate about the potential benefits of diversifying the United States’ assets into Bitcoin. The idea of creating a strategic reserve of Bitcoin is seen as a way to secure the country’s economic