Asset manager VanEck recently updated its forecast for Ethereum (ETH) and now projects that the second-largest cryptocurrency could potentially reach $22,000 by the year 2030. This new prediction represents a significant increase from their previous estimate of $11,800 by the same year. VanEck attributes this revised outlook to the anticipated launch of Spot Ethereum ETFs,
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, setting a record of 17 consecutive days of net additions. On a remarkable Tuesday, these ETFs saw inflows reaching an impressive $886.6 million, the second-highest single-day influx since their inception. Subsequently, another substantial day of inflows followed, amounting to $488.1
In a groundbreaking move, MetaMask has partnered with HyperPlay, a prominent Web3 game store, to revolutionize the world of Web3 gaming. This collaboration aims to enhance the user experience by introducing a new games directory into the MetaMask Portfolio, allowing users to easily browse and manage their in-game assets. By combining MetaMask’s expertise in storing
In the ever-evolving world of cryptocurrency, Chainlink (LINK) has once again solidified its position as the top real-world asset in terms of development activity. Santiment recently revealed that LINK is leading the pack, followed closely by Synthetix (SNX), Centrifuge (CFG), and Oraichain (ORAI). Real-world assets, which represent physical assets such as properties and objects, have
Bybit, a leading cryptocurrency exchange, has recently taken a surprising step by removing China from the list of restricted countries. While countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong continue to be restricted from using Bybit’s services, China has been notably excluded from this list. This move has sparked speculation
The detention of Tigran Gambaryan, a high-ranking executive at Binance, by Nigerian authorities has raised major concerns among a group of U.S. lawmakers. They have called on President Joe Biden to intervene in what they describe as a hostage crisis. Gambaryan has been held for nearly three months, with his health deteriorating during his time
In a recent report by Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like Gold. With annualized returns of 141%, 152%, and 224%, respectively, these digital assets have been the top performers in the investment space. This trend is not new, as crypto assets
In recent months, there has been a noticeable trend of large bitcoin holders, commonly referred to as “whales”, accumulating more tokens. The latest data reveals that a specific group of whale addresses now collectively own over 40% of the total bitcoin supply. This significant accumulation by whales, particularly those holding over 1,000 BTC, has been
In recent times, meme coins have dominated the cryptocurrency market, attracting the attention of large investors known as whales. One such whale has made headlines by aggressively accumulating Shiba Inu (SHIB) tokens. Over the course of just six hours, this investor spent a staggering 4,849 ETH, equivalent to approximately $18.44 million, to acquire an astonishing
Traders’ positions indicate a moderate level of excitement surrounding the upcoming launch of spot Ethereum ETFs. Despite a relatively uneventful week, K33 research suggests that these funds could potentially follow a similar explosive path to Bitcoin ETFs. The research firm projects that approximately $4 billion could flow into spot Ethereum ETFs within the first five
Binance Coin, the native token of the world’s largest cryptocurrency exchange, has recently seen a surge in its price, reaching a new all-time high above $700. However, this success comes amidst a backdrop of regulatory challenges and legal issues that have plagued the exchange. Binance has been embroiled in a legal battle with Nigerian authorities,
Bitcoin, the enigmatic digital currency, has once again found itself under the spotlight as the US banking system faces increasing stress. While some optimistic voices predict a meteoric rise to $1 million per coin, driven by economic challenges, others approach this outlook with skepticism. Advocates of Bitcoin view it as a beacon of stability in
Sotheby’s is gearing up for an auction on June 18 that will feature a specially curated selection of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs. The main purpose of this auction is to gauge the interest of the fine art community in Ape-themed digital assets and assess their lasting value in the market.
In a recent memo, Bitwise CIO Matt Hougan highlighted the shifting attitudes in Washington towards cryptocurrencies. He pointed out that the US political landscape has taken a more positive stance towards crypto in recent weeks, which has not been fully reflected in the market. According to Hougan, if the impact of these changes had been