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South Korea, Hong Kong Lead Crypto Market Growth in East Asia

South Korea, Hong Kong Lead Crypto Market Growth in East AsiaEast Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major hub due to its unique regulatory framework. Both regions reflect shifting attitudes […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Ethereum fractal hints at $3.3K as analyst says its ‘go time’ for ETH price

Ethereum’s bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024. 

Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception.

Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.

From a technical standpoint, a market fractal is a historically repetitive pattern that allows traders to identify trend reversals in the charts. Ethereum is currently painting a bullish fractal setup, initially observed in 2021.

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Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Ethereum ETFs would’ve ‘done better’ if launched in January: Bitstamp exec

Bitstamp’s Bobby Zagotta said Ether ETFs came at a “burdened moment” for risk assets but was optimistic things would pick up at the end of the year. 

Spot Ether exchange-traded funds (ETFs) would have fared better if they had launched alongside Bitcoin ETFs in January, says the executive leading Bitstamp’s efforts in the United States. 

“I think they have not lived up to expectations, but I attribute that to this moment in time,” Bitstamp CEO for the Americas and global commercial chief Bobby Zagotta told Cointelegraph at TOKEN2049.

Bitcoin (BTC) ETFs launched on Jan. 10, 2024, and accumulated net inflows of $17.5 billion over the course of eight months, according to CoinGlass data

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Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Crypto millionaire loses $43 million in Ether-Bitcoin trading bet

Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

Crypto millionaire James Fickel has suffered losses exceeding $43 million since Jan. 10, as his debt on the decentralized lending platform Aave surged to $132 million.

Fickel, an early Ethereum investor and the founder of longevity research firm Amaranth Foundation lost over $43.7 million by essentially betting on Ether’s price (ETH) against Bitcoin (BTC).

Based on the millionaire’s 2024 investments, Fickel expected Ether price to rise against Bitcoin’s when he first borrowed $172 million worth of Wrapped Bitcoin (WBTC) on Jan. 10, according to a Sept. 14 X post by Lookonchain.

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Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Bitcoin and Ethereum Fee Drop: The Perfect Time for Cost-Effective Transactions

Bitcoin and Ethereum Fee Drop: The Perfect Time for Cost-Effective TransactionsAlthough both bitcoin and ethereum have been cruising at lower prices compared to earlier this year, there’s been a silver lining: transaction fees on these leading blockchains have significantly decreased. With costs now sitting at notable lows, it could be the perfect moment to fine-tune transaction expenses for certain activities or even gather unspent transaction […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

3 reasons why Ethereum price has lagged behind Bitcoin in 2024

Ethereum fell to a 40-month low in its ETH/BTC pair, and data suggests the downside is set to continue.  

Ether’s (ETH) price is trading around a 40-month low against Bitcoin as it continues to trail BTC’s price performance in 2024.

ETH trades just 0.02% above its Jan. 1 opening, while Bitcoin (BTC) has surged approximately 36% in 2024.

Ether, Bitcoin year-to-date performance. Source: TradingView

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Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Spot Bitcoin ETFs See Second Day of Inflows, Adding Nearly $117M

Spot Bitcoin ETFs See Second Day of Inflows, Adding Nearly 7MThe spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains as Market Inflows Persist Data from sosovalue.xyz showed that the 12 spot bitcoin ETFs had inflows totaling $116.96 […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians. 

The United States Federal Bureau of Investigation announced on Sept. 3 that North Korean scammers and hackers were targeting firms associated with cryptocurrency-related exchange-traded funds (ETFs).

Despite the billions of dollars flowing into these crypto ETFs, investors may be too quick to assume their assets are fully secure.

North Korean hacker groups such as Lazarus Group are no strangers to the cryptocurrency industry and are suspected of committing a number of hacks against prominent exchanges and blockchain protocols.

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Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Spot Bitcoin ETFs Snap Outflow Trend With $28.72M Inflows; Ether ETFs Falter

Spot Bitcoin ETFs Snap Outflow Trend With .72M Inflows; Ether ETFs FalterAccording to the latest data, spot bitcoin exchange-traded funds (ETFs) broke an eight-day outflow streak on Monday, scooping up $28.72 million in fresh investments. Meanwhile, things didn’t look as bright for the nine spot ether ETFs, which saw outflows of $5.2 million during the trading session. Bitcoin ETFs Recover $28.72M in Inflows; Ether ETFs Shed […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments

SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative InvestmentsThe U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […]

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means