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Spot Ethereum ETF Go Live- Here’s What You Should Know
23.7.2024
Since the SEC approved Spot Ethereum ETFs, the buzz among the community helped ETH rally. Last week, Bloomberg’s Eric Balchunas predicted that Ethereum ETFs would begin trading on July 23, 2024. Today, that has become a reality. The launch marks the second crypto-based ETF in the United States...
Mt. Gox Transfers $3.2B in Bitcoin Amid Repayment Plans
23.7.2024
Mt. Gox has moved 47,500 Bitcoin (BTC) worth $3.2 billion to two unidentified wallets. The transfers happened at 5:05 a.m. and 6:27 a.m. UTC respectively. This is to enforce the exchange’s repayment plan to its creditors. Mt. Gox Moves 47,500 Bitcoin to Wallets Mt. Gox has made another transfer...
Elon Musk tweets, “America is going bankrupt,” Can Bitcoin Save America from Bankruptcy?
23.7.2024
Elon Musk’s controversial tweet ignited fierce discussion about America’s economic trajectory. The renowned entrepreneur and head of Tesla and SpaceX declared, “America is going bankrupt,” sparking widespread speculation regarding the future of the U.S. economy. Musk...
Avail Unveils Mainnet & Native Token: What You Need to Know
23.7.2024
Avail, a blockchain initiative from 2023, has unveiled its data availability mainnet alongside its native AVAIL token, which aims to solve rollup fragmentation and enhance scalability. Avail DA presents a modular blockchain architecture designed to optimize data accessibility. It helps developers...
Metaplanet Partners with Hoseki to Verify $BTC Holdings
23.7.2024
Metaplanet acquired 20.38 Bitcoin tokens and is now leveraging them through a strategic partnership. Metaplanet has announced that it will join forces with Hoseki to verify its BTC holdings. The ultimate aim is to enhance transparency and instill a sense of confidence among investors. This stems...
Daily Crypto Update: Bearish day puts top tokens in a minor slump
23.7.2024
After a quick bullish session, the crypto market is showing signs of correction. The majority of the top cryptocurrencies have been unable to establish a consistent rhythm over the past 24 hours. From Bitcoin and Ethereum to Cardano, the top 10 cryptocurrencies (barring USDC and USDT stablecoins)...
Ethereum ETFs Disappoint as Ether Prices Struggle to Surge
23.7.2024
After half a year of anticipation, regulators from the SEC greenlighted the introduction of various funds linked to Ethereum. Among the most eagerly awaited are Invesco’s Galaxy Ethereum ETF, known simply as QETH, the Bitwise Ethereum ETF labeled ETHW, and the Grayscale Ethereum Mini Trust...
Ripple Tests $0.66 Barrier; Will XRP Surpass ATH Next Week?
22.7.2024
The crypto market’s optimism has fueled a four-day rally for XRP, propelling its price up by more than 15% this week. Now trading at $0.6141, XRP’s surge has elevated its market cap to $34.3 billion, firmly placing it as the 6th largest digital asset. Moreover, its trading volume surged...
Bitcoin Forecast: Next Week Move as BTC Holds Above $67K
22.7.2024
The second week of July gave Bitcoin holders a minor scare in the second week of July when BTC slipped under the $55,000 level. But with the selling pressure finally giving way, the bullish rally looks like it is here to stay. The crypto market has deviated from its historic negative sentiment...
Democrats in Trouble: Will Kamala Harris Embrace Crypto?
22.7.2024
Joseph Robinette Biden, the President of the United States of America, is well known for his staunch stance on cryptocurrencies. However, recently, Biden drew a target on his back after fumbling big in his debate against Trump, which caused even the Democrats to lose faith in him. In an X post...
ETF Store President Predicts Combined Crypto ETFs On The Way
22.7.2024
In a social media post on X (formerly Twitter), Nate Geraci, president of The ETF Store, predicted that one of the ETF issuers will most likely apply for a combined spot ETF of three main assets in the crypto industry, Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) in the next several months....
Asia’s First Bitcoin Inverse ETF Set for Hong Kong Launch
22.7.2024
Hong Kong is still emerging as a major player in the cryptocurrency market. On July 23, Singapore will launch the China Southern Asset Management Co., Ltd. (CSOP) Bitcoin Future Daily (-1x) Inverse Product, Asia’s first inverse Bitcoin ETF. This new financial instrument is designed to help...
iFX EXPO International 2024: The Ultimate Event for FX and Fintech Leaders
22.7.2024
iFX EXPO International 2024 has once again cemented its status as the online trading industry’s supreme stomping ground for pros and leaders from both FX and fintech. The event was a beacon for business collaboration and networking – a haven for growth and development for participants...
Trump Eyes BlackRock’s Larry Fink as New Treasury Secretary
22.7.2024
According to a report by the New York Post, Donald J. Trump is set to appoint Larry Fink as the next US Secretary of the Treasury. The news has sent positive sentiments to the crypto community, considering BlackRock spearhead spot Bitcoin ETFs. Crypto could hit new ATH under Trump and Fink Janet...
Daily Crypto Update: Memecoins rule while altcoins stay stagnant
22.7.2024
The crypto market is undergoing a restructural phase with most cryptocurrencies struggling to find a footing. With the exception of Bitcoin and Ethereum, most coins are undergoing unplanned fluctuations. Pixelverse experienced 99.21% growth, while RealGOAT demonstrated a 174.38% growth spurt....
Seven U.S. States Unite: Legal Battle Against SEC’s Cryptocurrency Clampdown
22.7.2024
Iowa Attorney General Brenna Bird filed an amicus brief opposing the U.S. Securities and Exchange Commission’s (SEC) efforts to regulate cryptocurrencies, reports published at The beginning of September from the Office of Iowa based in CA. Signed by the seven states of Arkansas, Indiana...
Metaplanet Boosts Bitcoin Stash with Another ¥200M Buy
22.7.2024
Metaplanet Inc., a Japanese public company, today announced its fourth purchase of Bitcoin for FYE September ¥200 million (approx. $1.2 Million). This acquisition is consistent with their broader cryptocurrency investment strategy and increases the company’s total Bitcoin position to 245.992...
Shiba Inu Gains 3%; Can SHIB Breach $0.000020 Next Week?
20.7.2024
Coinciding with the overall bullish trend in the crypto market, the Shiba Inu (SHIB) token has been a bright spot in the last 24 hours, gaining traction from investors. At press time, SHIB exchanged hands at $0.00001778, marking a 3.66% gain as compared to its previous day’s closing price....
Solana Gains 21% in a Week; Can Sol Hit $171 Next Week?
19.7.2024
Solana’s SOL token has been a bright spot in the crypto market this week, as it witnessed over a 21% gain in the last seven days. This uptick comes amidst a bullish alert spotted on the daily chart by market analyst CryptoBusy. ???? #Solana $SOL HUGE PENNANT on the 1D chart! Watch out...
WazirX Seeks Legal Aid; $234 Hack Reported to Indian Police
19.7.2024
Yesterday, July 18th, 2024, India’s largest cryptocurrency exchange, WazirX, was hacked and lost over $234 million in crypto. Following the attack, WazirX has filed a report with the Indian Police. The exchange says, “…we have filed a police complaint and are pursuing additional...