The Chicago Board Options Exchange (CBOE) has recently made an announcement regarding the launch date of Spot Ethereum ETFs, bringing excitement to the crypto market. This development is set to provide investors with new opportunities to gain exposure to Ethereum without the typical volatility associated with cryptocurrencies. On July 19, the CBOE officially confirmed that
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The recent rally in the price of bitcoin has sparked optimism among investors, with the crypto asset reaching highs of $67,000. Despite this, it is currently trading around $64,000. Analysts at CryptoQuant have pointed to on-chain metrics suggesting positive momentum in the near term. However, concerns have been raised about the sustainability of this rally
Trading volume on centralized exchanges experienced a significant decline of 21.8% in June, marking the third consecutive month of diminishing activity since March. A report by CCData revealed that the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, a sharp drop from the peak of $9 trillion recorded earlier in
In the fast-evolving world of cryptocurrency, dog-themed meme coins have recently captured the attention of investors and traders alike. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have experienced significant growth in the first half of 2024. This surge in popularity can be attributed to their strong communities, active social
Despite the recent recovery in the crypto market, Cardano holders are facing significant challenges with many still nursing losses. This has raised concerns and speculations surrounding the reasons behind this poor performance. Data from IntoTheBlock highlights the fact that Cardano is the worst-performing altcoin in terms of profitability among the top 10 largest cryptocurrencies by
The recent hack of India-based crypto exchange WazirX has sent shockwaves throughout the cryptocurrency community. However, multiparty computation (MPC) wallet provider Liminal has stepped forward to clarify that its infrastructure was not compromised in the attack. According to Liminal’s post-mortem report on July 19, the breach was attributed to compromised devices within WazirX’s network, absolving
Recently, a US court has given Binance US the green light to invest certain customer fiat funds, which are currently being held at BitGo, in US Treasury Bills. The exchange sought approval to invest approximately $40 million in $10 million increments over a four-week period. These investments will take place through a trading account on
The recent data on Ethereum derivatives volume has shed light on the lack of confidence that investors seem to have in the Spot Ethereum ETFs. Despite the anticipated launch of these funds next week, the current market sentiment appears to be bearish. The annualized premium on Ethereum’s fixed-month contracts is only at 11%, indicating that
A recent statement from a market strategist has indicated that Bitcoin, the leading cryptocurrency, may have finally put an end to its downtrend. The strategist highlighted a positive shift in the market value of Bitcoin, leading to speculation about a potential new price target for the digital asset. A well-known crypto analyst, known as Rekt
Ethereum had an impressive week, closing with a 12% price increase. The market rally allowed ETH to establish $3,300 as key support, setting a new base for buyers to aim for $4,000. This level will also serve as crucial resistance, with the last test in May resulting in rejection from sellers. Optimism is on the
