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Bitwise’s Ethereum ad now mintable as NFT

21.6.2024
A new switch that Bitwise has adopted is integrating the old-fashioned way of advertising through print media and technology into the current society. They have come up with the first national Ether television advertisement for a spot Ether exchange-traded fund (ETF) which doubles up as a mintable...

Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses

21.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin...

Shiba Inu ($SHIB) demonstrates potential for rebound

21.6.2024
Shiba Inu ($SHIB) can still surge to $0.000022 given it is way below the 50-day SMA amid volatility of 10.80%. This stems from the belief that the growth of the meme coin is driven by hype across social media. Plus, the market cap is long due to a strong rebound. It has slipped away from …

California judge sends Ripple case to trial, contradicts NY judge

21.6.2024
A judge in California has ordered Ripple to go to trial under the civil law on securities. This decision is significant within the realm of digital currencies. Judge Phyllis Hamilton of the U.S. District Court for the Northern District of California partially granted Ripple’s request for...

Fantom Foundation Allocates $120 Million to Accelerate Migration to Sonic

21.6.2024
The Fantom Foundation has unveiled a treasury allocation of 200 million FTM, approximately $120 million USD, to expedite the migration of partners to its new Sonic network. This allocation includes native application grants, strategic grants to decentralized applications (dapps), and first-class...

Spot Bitcoin ETFs in witnessed net outflows of $139.88M in the US

21.6.2024
Spot bitcoin exchange-traded funds saw a net outflow to the tune of $139.88 million in the US. This continued for the past five days.  Grayscale’s GBTC was ahead of the competition, coming up with a day-to-day net outflow amounting to $53 million. Second in line stood Fidelity’s FBTC, recording...

BTC teases $70k when SOL, ETH, and ADA eye recovery

21.6.2024
Bitcoin ($BTC) is below $64,000 at the press time. However, that has not stopped the community from speculating a rebound to $70,000. One reason is its potential – pretty much the same thing that pulled it from the low $20,000 to an ATH of around $74,0000. Solana ($SOL) and Ethereum ($ETH)...

Arthur Hayes: Japanese Banks in Crisis Over Dollar-Yen Carry Trade Failures

21.6.2024
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which...

Ethereum long-term holders reach a record high

21.6.2024
The Ethereum chart showcases the distribution of Ethereum over different periods and it denotes altering trends in investor behaviour. According to the information available from the chart, a vital amount of Ethereum acquired during the 2021-2022 time period is being held even now. Short-term...

Short traders target XRP and Cardano amid post-relief bounces

21.6.2024
Investors have been anticipating a rebound in the price actions of cryptocurrencies. Therefore, Ripple and Cardano have become the most appealing altcoins. The primary reason behind this is heavy trader shorting followed by a brief bounce. Santiment has also shared data suggesting that the finding...

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