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Is Ethereum Poised for a New High Following ETF Inflows?


The fourth week of July brought drama and chaos in the ecosystem after the Ethereum ETFs made a dramatic entrance on July 22, generating over $4 billion in trading volume within their first week. This robust start has raised expectations for a potential price boost in Ethereum. While the price...

Coinbase to Provide Custody for Australian Bitcoin ETF BTXX


Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via...

Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050


Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding...

Sleeping Bitcoin Wallet From 2017 Moves 121.63 BTC Worth $8.25M After 7 Years


On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin...

Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High


According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate...

FINMA Warns Stablecoins Threaten Swiss Financial Reputation


The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin...

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