The launch of Spot Ethereum ETFs in the United States marked a significant milestone in the world of cryptocurrency trading. However, the initial results were less than impressive for Grayscale, the world’s largest crypto asset manager. The newly converted Ethereum Trust (ETHE) experienced a massive outflow of $484 million on the first day of trading.
Crypto
The Coinbase premium turned positive in early July after a period of concern following a dip in mid-May. According to research from Kaiko, this could hint at a resurgence of institutional interest in Bitcoin. The Coinbase premium, a key indicator of institutional sentiment in the cryptocurrency market, measures the difference between hourly bitcoin prices on
As the approval for several spot Ethereum ETFs has been granted, the crypto market is eagerly awaiting their launch on Tuesday. While there have been adjustments to registration statements, the price of Ether has remained relatively stable. According to Kaiko, a leading crypto data provider, there is anticipation that the inflows from these spot ETFs
In the world of cryptocurrency, the largest spot Bitcoin ETFs in the US have seen positive inflows recently. However, despite this, the price of the underlying asset experienced a significant retracement yesterday. The price of Bitcoin dropped to $63,000 after failing to maintain above $65,000, but quickly bounced back and reached $67,500. Over the weekend,
Asia’s financial market is taking a significant step forward with the launch of the CSOP Bitcoin Futures Daily (-1x) Inverse Product in Hong Kong. This new exchange-traded fund by China Southern Asset Management Co., Ltd (CSOP) is designed to provide investors with a unique opportunity to profit from declines in Bitcoin’s price. The CSOP Bitcoin
The investment in digital asset products has been on the rise, with inflows reaching $1.35 billion last week. Over the past three weeks, the total inflows have amounted to $3.2 billion. This surge in investment signals a growing interest in digital assets as an alternative investment class. According to the latest CoinShares report, Bitcoin experienced
Ripple’s XRP has recently experienced a surge in price, increasing by 40% in just two weeks. This sudden surge has brought the price of XRP above $0.60, sparking optimism among analysts and investors alike. The market has been abuzz with predictions of further gains, with some even speculating that XRP could reach as high as
Ethereum, over the past ten years, has undergone a significant transformation in the blockchain landscape. Its journey from the initial coin offering to becoming the second-largest cryptocurrency by market cap has been marked by continuous evolution and significant upgrades. The shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions has solidified Ethereum’s position as a
The recent announcement by Joe Biden regarding his withdrawal from the 2024 presidential race had a significant impact on the world of cryptocurrency, particularly on presidential meme coins. Following the news, tokens linked to Biden and his family experienced major fluctuations in value, while those associated with potential Democratic replacements saw a surge in demand.
Bitcoin’s price has been on a rollercoaster ride recently, experiencing wild fluctuations in response to various events. The cryptocurrency surged from $58,000 to $65,000 after an attempted assassination against Donald Trump, only to drop by three grand shortly after. Following a brief surge again to $66,000, Bitcoin plummeted to $63,500 before making another jump to
Kraken, a leading crypto exchange, has recently announced a groundbreaking partnership with Tottenham Hotspur, one of England’s most iconic football clubs. This collaboration is set to elevate the fan experience for both Tottenham Hotspur’s men’s and women’s teams in the upcoming 2024/2025 football season. By becoming the official sleeve partner for the club, Kraken aims
The ever-changing landscape of the cryptocurrency market has led to a surge in optimism surrounding the future price of Bitcoin. Experts such as Andrew Kang from Mechanism Capital believe that Bitcoin could potentially reach a price level of over $1 million in the mid-term. Despite facing some market structure challenges in the past, Bitcoin is
Over the past seven days, the cryptocurrency market has seen significant growth, with the total capitalization reaching $2.55 trillion, an increase of over $150 billion. While Bitcoin was not the top performer, it still made waves with an impressive surge of 11% during this period. Since July 14th, Bitcoin has been on a mostly upward
In a recent development in Hong Kong, three individuals were arrested by the police on suspicion of defrauding a businessman out of HK$3.11 million in crypto assets. The fraudulent scheme involved offering the victim three bundles of counterfeit HK$1,000 banknotes. During a raid on the Mong Kok office where the transaction took place, the officers
