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Ethereum Funds reach record inflows, highest since March


Ethereum investment products have received record inflows, with the latest installment being higher than those recorded since March 2024. According to CoinShares’ latest report, these funds have attracted $69 million in the past week. This increase in investment proves that the market...

Bitcoin Hedge Fund Shorts Reach New High Amid Price Fluctuations


Amid Friday’s downturn, following bitcoin’s decline to $68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial bets against bitcoin. Bitcoin Faces Bearish Sentiment From Hedge Funds...

Cardano enters a new Argentine partnership; will ADA reach $0.5?


Cardano recently shook the crypto market by signing an official partnership with Argentina. This development marks a major milestone for the country, which is trying to elevate its crypto sector. The announcement states that Rogelio Frigerio, the Entre Rios Province’s governor, joined hands with...

Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC


Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic...

Chiliz on the rise: Will CHZ reach $1 in 2024?


Chiliz (CHZ) has been making giant strides in the market. The coin, known for powering Socios.com, has witnessed massive whale activity over the past few days. The crypto project is also undertaking new partnerships to expand its footprint. With the coin performing tremendously, users are wondering...

Bitcoin to Reach $420K by Decade’s End, Says Ric Edelman


Ric Edelman, founder of Edelman Financial Engines, forecasts bitcoin will reach $420,000 by the decade’s end. He explained that if 1% of the world’s $738 trillion in financial assets were allocated to bitcoin, it would result in $7.4 trillion in inflows, raising bitcoin’s price...

XRP poised for year-end surge: Can it reach $1 by 2025?


There are many factors at play here, but XRP by Ripple is optimistic about ending the current year, that is, 2024, on a higher note. For starters, Ripple versus the SEC is likely to have a final judgment in the next couple of months. If favorable, it will trigger an upswing in XRP’s value. However...

Digital Euro Use Won’t Push Out Swedish Krona: Central Bank


Adopting a potential digital euro won't reach a critical point that hastens the Swedish krona’s displacement, Sweden’s central bank said. The post Digital Euro Use Won’t Push Out Swedish Krona: Central Bank appeared first on Cryptonews

Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030


Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for price growth but also highlighted the unique...

Robinhood Reports 224% Surge in Crypto Trading Volumes in Q1


Popular trading platform Robinhood has experienced a substantial increase in crypto trading volumes during the first quarter, with a surge of 224% to reach $36 billion.  The post Robinhood Reports 224% Surge in Crypto Trading Volumes in Q1 appeared first on Cryptonews

Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week


Hong Kong's newly launched spot Ethereum and Bitcoin ETFs accumulate about $2.73 million in assets under management in just one week, outperforming futures ETFs by 80%. The post Hong Kong Spot Bitcoin ETFs Reach $230 Million AUM In First Week appeared first on Cryptonews

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