First time in over a year, Ethereum spot trading volume is greater than Bitcoin’s, reported CryptoQuant on Wednesday. Last week, ETH spot trading hit $25.7 billion compared to $24.4 billion for Bitcoin, it added, noting that this pushed the ETH/BTC spot volume ratio above 1 for the first time since June 2024. “Investors are rotating […]
Most altcoins have headed south over the past several hours, and the second-largest is no exception. XRP, which was among the top performers until yesterday evening, has plunged by double-digits to a new weekly low. As such, it has caused substantial losses to over-leveraged traders, even more than BTC. XRPUSD. Source: TradingView What goes up, […]
The US Justice Department has dropped its criminal investigation into Kraken co-founder Jesse Powell. The investigation was launched in 2023 and did not focus on Powell’s crypto dealings. Instead, it centered on allegations from the Verge Center for the Arts – a nonprofit he founded – that he had hacked its accounts and blocked email […]
TL;DR With crypto prices booming and assets charting all-time highs, certain high-profile wallets have started to move massive portions of their holdings. In one of the latest such transfers, Whale Alert noted that over $700 million worth of the third-largest cryptocurrency has been sent to another unknown wallet. 200,000,005 #XRP (700,609,232 USD) transferred from unknown […]
Binance Coin (BNB) prices topped $800, marking a new all-time high for the exchange-based asset in early trading on Wednesday in Asia. BNB has been on a tear lately, gaining more than 16% over the past week and almost 30% in the past month. The latest move has pushed its market capitalization to $111.5 billion, which […]
Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase. According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin […]
After trading steadily downward for the first four months of the year, Ethereum has rebounded strongly and is currently up more than 65% over the last 30 days. The reason for this rip is “overwhelming demand” from exchange-traded products and corporate treasuries, said Bitwise chief investment officer Matt Hougan on X on Wednesday. The executive […]
The pace of Ethereum inflows to spot exchange-traded funds is picking up momentum while new treasury companies stashing the asset are announced almost daily. This will put immense buying pressure on Ethereum over the next 12 to 18 months, said Framework Ventures co-founder Vance Spencer on Tuesday. “Mid-eleven figures have been added as buy pressure […]
Ethereum led digital asset inflows last week as it recorded a staggering $2.12 billion. The figure was nearly double its previous record. This surge helped push total digital asset investment product inflows to an all-time weekly high of $4.39 billion, surpassing the prior record of $4.27 billion set after the US presidential election in December […]
Ethereum adoption has been booming, and the developers working behind the scenes on the network are brewing up another major upgrade. From scalability to censorship resistance to improving the overall experience, this will be the second in this year’s timeline for improvements to the decentralized blockchain. Another Milestone For The Network The core development team behind […]