In the aftermath of the Bitcoin2024 conference, Bitwise CIO Matt Hougan has made a compelling argument for crypto investors to reassess their views on Bitcoin’s potential for growth. While the market has historically been fixated on the downside risks associated with the flagship cryptocurrency, recent developments at the conference have signaled a significant shift that
Crypto
The nine spot Ethereum ETFs in the US experienced a significant net outflow of $77.21 million on Wednesday, marking a reversal from the previous day’s positive trend. This outflow coincided with Ether’s price falling below $3,200, indicating a lack of investor confidence in the cryptocurrency. The Grayscale Ethereum Trust (ETHE) reported a staggering $133.33 million
The rise of meme coins was a captivating narrative in the early months of 2024. However, recent trends have shown a significant cooling off in their market activity after the frenzy of the “spring.” Only a select few meme coins have managed to see gains over the past 30 days, with lesser-known tokens like doginme,
XRP, the digital asset associated with Ripple, experienced a significant price surge on Wednesday, reaching $0.66. This marked an 8% increase over the past 24 hours, with the price jumping from $0.60. The surge in price comes amidst important developments within the XRP ecosystem and renewed optimism among investors. A key factor driving this upward
The cryptocurrency market has seen a surge in volatility in recent days, impacting investor confidence. Bitcoin (BTC) witnessed a price spike to nearly $70,000 on July 29, only to drop below $66,000 the next day and currently hovers around $66,300 according to CoinGecko’s data. The correction in Bitcoin’s price coincided with reports of the US
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
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
Ripple’s XRP has been experiencing some interesting price movements lately, with its value rising from less than $0.40 to over $0.63 in just a few weeks. However, the momentum seems to have slowed down, and the price has retraced below $0.55 before climbing back to around $0.60 where it has stayed for the past several
