Recently, Cardano (ADA) has experienced a significant 300% increase in Exchange Traded Product (ETP) inflows. This unexpected surge in capital from institutional investors has sparked excitement for the cryptocurrency’s potential upward trajectory. CoinShares, a prominent player in the crypto ETP industry, released a report showcasing the fund flows of various digital assets. Among the assets,
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Samuel Edyme, also known by the nickname HIM-buktu, is a multi-talented individual with a diverse range of skills. He has made a name for himself as a web3 content writer, journalist, and aspiring trader, showcasing his versatility in various fields. Edyme’s journey into the world of cryptocurrency was not smooth sailing, starting with a Ponzi
BlackRock’s recent announcement that they have no plans to launch a Solana (SOL) ETF in the near future may come as a surprise to some, especially given the success of their Bitcoin and Ethereum spot ETFs. This decision has created an opening for other asset managers to potentially enter the market and compete in this
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether and tracks its performance. The Zurich-based financial institution stated that this integration
The US Securities and Exchange Commission (SEC) has made plans to amend its original complaint against Binance, signaling a potential shift in its approach towards cryptocurrencies. The amended complaint might eliminate the need for the court to make decisions on tokens previously classified as securities, specifically the ‘Third Party Crypto Asset Securities.’ The decision to
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While he has never been a harsh critic of Bitcoin, he still sees it primarily as a speculative investment lacking a clear use case. Solomon did, however, recognize the potential
The landscape of cryptocurrency trading is experiencing a significant shift, with decentralized exchanges (DEXs) reaching their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high relative to CEX. The surge in DEX trading
Shiba Inu, the popular meme coin, experienced a 3% dip in price recently. However, despite this setback, there are some crucial indicators within the ecosystem that suggest a potential rally in the near future. Analysts are divided in their opinions, with some predicting a bullish outcome based on technical indicators like the Relative Strength Index
The Bitcoin open interest is a crucial metric to gauge investor sentiment and market trends in the realm of cryptocurrency. Recently, the Bitcoin open interest reached a new all-time high, signaling potential implications for the market moving forward. This article will delve into the significance of this milestone and explore the potential consequences for the
The U.S. Securities and Exchange Commission has decided to put a pause on its allegations that Solana (SOL), Cardano (ADA), and Polygon (MATIC) are unregistered securities. This recent development came in the midst of the SEC’s ongoing lawsuit against crypto exchange giant Binance. The SEC filed a joint status report in the U.S. District Court
