Asset manager Bitwise said that its XRP ETF (XRP) has crossed $500 million in assets under management (AUM) just nine months after launch. The fund’s page showed $502.7 million in net assets across 364.75 million XRP last Friday and $507.23 million after Monday’s close. “14 years in, and the $XRP community continues to be unstoppable,” […]
Bitcoin’s derivatives market is showing a curious split, with open interest falling nearly 4% since August 21, while funding costs for long positions have risen quickly. Analyst Axel Adler Jr. says that combination could leave BTC exposed to a long squeeze if traders start rebuilding leverage while maintaining an increasingly bullish bias. Falling OI Meets […]
A sharp contrast has emerged in active addresses across Bitcoin, Ethereum, Tron, and Cardano, as the four blockchains continue to show different patterns when it comes to network usage. Bitcoin’s count, for one, has dropped significantly compared with previous major cycles, even though its price remains far above historical levels. According to the latest observation […]
Just a few months after it launched its first notable cryptocurrency-focused platform, the Wall Street behemoth has expanded its offering beyond Bitcoin and Ethereum. The giant recently announced that its Schwab Crypto trading service will add Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) in the coming months. Adding More Alts The new additions will allow […]
Zcash has been one of the best-performing assets this year. It has managed to attract significant institutional capital. This week, asset manager Grayscale Investments launched the first exchange-traded fund that tracks the spot price of ZEC. But interest in the privacy-focused token peaked shortly before its price reached a recent high. Zcash Crowd Showed Up […]
With the eighth month of the year almost behind us, it’s worth exploring what really took place as it turned out to be among the most eventful ones, especially when it comes to price pumps. Ripple’s XRP was no exception as it rode the mid-month wave hard, surging from $1.00 to $1.70 within days before […]
US consumer advocacy group Public Citizen reported that crypto ventures linked to Donald Trump and his family have left investors with at least $4.7 billion underwater since 2022. Most of the losses remain unrealized. Trump’s Crypto Empire Public Citizen estimated that investors in Trump Digital Trading Cards, launched in December 2022, have suffered at least […]
Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing the 95th percentile […]
Machi Big Brother proposed a $1 million buyout of Friends.Tech on August 27, offering to acquire the stalled project from Racer and Paradigm and relaunch its FRIEND token. The proposal sent FRIEND sharply higher, but the move also revived questions about Machi’s own heavy losses on the token and whether his plan can bring the […]
A bizarre error that mistakenly credited Bithumb customers with roughly 620,000 BTC is now producing victories for the South Korean exchange in court. The Seoul Central District Court has ordered one customer to return about $140,400 (194 million won) after they sold BTC mistakenly credited to their account. The court ruled Thursday that the proceeds […]