Spot Ethereum ETFs began trading in the United States for the first time on July 23, and the initial picture isn’t pretty for the world’s largest crypto asset manager. As expected, Grayscale’s newly converted Ethereum Trust (ETHE) hemorrhaged $484 million on day one of trading. If the situation mirrors that when Grayscale converted its Bitcoin […]
[PRESS RELEASE – Berlin, Germany, July 24th, 2024] FILLiquid, the open-sourced decentralized Filecoin-based lending platform, is thrilled to announce the official launch of its mainnet alongside the successful completion of its TGE (Token Generation Event). With this milestone, FILLiquid unveils its Filecoin liquidity pool, marking a significant advancement in Filecoin storage power growth by allowing […]
[PRESS RELEASE – Singapore, Singapore, July 23rd, 2024] A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and […]
Coinbase-incubated Layer 2 network – Base – is seeing a significant surge in daily activity thereby suggesting growing interest and adoption amidst an improved sentiment in the broader market. The Base mainnet also saw a recovery in its TVL after nearly two weeks of slump. Base Layer 2 Growth Over the past week, Base has […]
The US government transferred 58.742 BTC – worth nearly $4 million, to crypto exchange Coinbase on Monday. According to the latest data compiled by blockchain analytics firm Arkham Intelligence, the transfer came from an address labeled “US Government: Ryan Farace Seized Funds,” identified on the blockchain as 3B2jEBZi8fJWGEDrh6Pe7hDMaJ6iGfFtaU. These funds were confiscated three years ago […]
The second-largest meme coin in terms of market capitalization—Shiba Inu (SHIB)—has been underperforming lately, with its price slipping by 9% on a weekly basis (Coingecko’s data). In the following lines, though, we will outline some important factors and indicators that suggest that a fresh resurgence could be in the cards. The Burn Rate The Shiba […]
Ethereum prices dropped more than 3% from an intraday high of $3,540 on July 22 to a low of $3,425 during the Tuesday morning Asian trading session. They have recovered slightly since but analyst ‘Kaleo’ predicted that there is a “high likelihood we see some type of pullback after the spot ETF launches.” He predicted […]
On July 23, Hong Kong will launch Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This new exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) is designed to provide investors with an opportunity to profit from declines in Bitcoin’s price. Asia’s First Bitcoin Futures Inverse […]
Investment in digital asset products continued to rise, with inflows reaching $1.35 billion last week, totaling $3.2 billion over the past three weeks. Trading volumes for Exchange Traded Products (ETPs) also saw a significant increase, up 45% week-over-week to $12.9 billion. However, this accounted for a lower-than-usual 22% of the overall crypto market volumes. Bitcoin […]
TL;DR Ripple’s XRP has surged 40% in two weeks, now trading above $0.60, with analysts predicting further gains up to $8 or more. Key metrics like daily transactions and open interest are up, indicating strong market participation, though some traders remain skeptical about a major rally. Where’s XRP Headed? Ripple’s XRP has been on a […]