Grayscale’s Zcash fund began trading on NYSE Arca as the Zcash ETF (ZCSH) this Tuesday, August 25, billed by the firm as the first exchange-traded product in the world to offer spot exposure to Zcash (ZEC) and carrying a sponsor’s fee of 2.5% a year. ZCSH’s predecessor launched as a private placement in October 2017, […]
XRP has flipped the script this week, emerging as one of the market’s strongest performers after weeks of lackluster performance. The crypto asset briefly tapped $1.76 before stabilizing near $1.50. A sharp rise in network participation has now added fresh weight to the rally. Higher Levels Ali Martinez reported that active addresses climbed from 47,180 […]
The OG meme coin followed the green wave sweeping through the cryptocurrency sector, with its price climbing to a nearly three-month high. Some analysts think the token is set for a relatively mild increase ahead, while others foresee an explosion to a new all-time high. What’s Next? DOGE currently trades just south of $0.09, representing […]
The exchange has signed a non-binding letter of intent with Apex Fintech Solutions that would make its subsidiary, Gemini Titan, the exclusive regulated venue for crypto event contracts. According to the press release, these contracts will be distributed through Apex’s futures commission merchant (FCM) to its brokerage customers. Brokerages offering those contracts through the Apex […]
Cosmos Labs has urged affected networks in contact with its team to halt operations amid an ongoing security incident involving the EVM module. Statements issued by KiiChain, TAC, and MANTRA have all pointed to flaws within the Cosmos EVM infrastructure when describing the attacks they faced in recent days. Cosmos Labs, however, has yet to […]
Michael Saylor’s Strategy swung an unrealized loss of more than $9.5 billion to a paper profit above $4.7 billion in just seven days. The reversal follows Bitcoin’s climb from the low $60,000s to above $80,000 over the same week, turning the largest corporate BTC holder’s balance sheet from red to green. The Numbers Behind the […]
Bitcoin’s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000. Analysts were quick to pick up the move and outline the next short-term targets of up to $88,000. BTC’s surge […]
Ethereum saw one of its biggest weekly moves in years after staging an impressive 30% rally. The altcoin crossed $2,500 briefly, then slipped back slightly below that level. New data shared by crypto analyst Ali Martinez suggests that ETH could be on a path toward $5,000 if it clears a major resistance zone. Growing Buying […]
The meme coin niche has been one of the biggest beneficiaries of the latest market pump, with Shiba Inu (SHIB) standing out as a prime example. The price of the self-proclaimed Dogecoin killer has climbed to a three-month peak, and some industry participants believe there is still plenty of room for further growth. However, certain […]
Bitcoin (BTC) spent this past week ripping from the low $60,000s to just under $80,000, and to trader Nonzee, none of it looks like conviction. They are calling the move a trap built on forced buying rather than real demand, and say the next leg is down, not up. The Case for a Distribution Phase, […]