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
Crypto
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
Bitcoin’s recent price surge towards its all-time high has been driven by a combination of factors that have contributed to the cryptocurrency’s market strength. One key factor is the growth in market capitalizations of stablecoins like USDT and USDC, as highlighted by on-chain analytics platform CryptoQuant. This increase in stablecoin market cap has had a
Solana (SOL) has recently gained significant price momentum, propelling it to become the fourth-largest cryptocurrency by market capitalization. With a price increase of almost 5% daily, SOL now trades around $192, reaching a market cap of nearly $90 billion. This surge has placed SOL ahead of Binance Coin (BNB), which saw its market cap drop
Shiba Inu’s layer-2 blockchain solution, Shibarium, has reached an important milestone with over 6 million processed blocks. The network has shown a significant resurgence in activity, with metrics like active accounts and daily transactions on the rise. While the numbers are not as high as they were earlier in the year, the progress is still
In a surprising turn of events, the Republican representative for Wyoming proposed the creation of a strategic Bitcoin reserve during the Bitcoin 2024 Conference. This proposal aims to diversify the country’s assets into Bitcoin and establish a secure financial future. The idea behind this reserve is to strengthen the dollar’s position as the global reserve
Wong Ching-kit, also known as the “Coin Young Master,” has recently gained attention from the International Criminal Police Organization (Interpol) due to his suspected involvement in multiple criminal cases, including a cryptocurrency scam worth over HK$3 million. This 30-year-old Hong Kong native has a troubled past, having been previously convicted of theft and disorderly conduct
Meme coins have been causing quite a stir in the cryptocurrency market, with traders seeing massive gains in a short amount of time. One such example is Pepe (PEPE), which has seen its valuation skyrocket by almost 800% in the past year. A trader who bought 170.2 billion PEPE coins back in October of last
