Big Altcoin Rallies Are in Sight, According to Trader Who Nailed Recent Bitcoin Correction – Here’s When
A crypto strategist who accurately called the pre-halving Bitcoin (BTC) correction thinks altcoins are close to taking center stage. Pseudonymous analyst Rekt Capital tells his 473,400 followers on the social media platform X that he’s keeping an eye on the OTHERS chart, which traders use to track the altcoin market as it measures the total […]
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Ethereum funds attract $35 million in inflows following ETF approvals
Crypto investment inflows in the US reach a new peak, with Ethereum ETFs contributing to a record-setting week.
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Aave Network Set to Launch Following Aave V4 Protocol
Dune unveils platform for simplifying blockchain data integration
Dune announces Dune Catalyst, a new enterprise solution for easy EVM blockchain data integration and management, enhancing community growth and insights.
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Betting platform Rivalry launches RVLRY token in Web3 expansion
Rivalry Token to revolutionize Gen Z betting with blockchain technology, launching in H2 2024 for enhanced user engagement.
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Bitcoin and Ether ETF markets poised to reach $450B — Bernstein
Bernstein report projects Bitcoin and Ether ETF markets to reach $450B, driven by crypto price forecasts and ether’s commodity classification, with positive implications for other tokens like Solana (SOL).
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P2P.org unveils first Restaking API for ETH, empowers intermediaries with automated staking solutions
P2P.org unveils a first-of-its-kind Restaking API, streamlining Ethereum staking for intermediaries and enhancing user rewards.
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TRON network officially supported by LayerZero
TRON joins forces with LayerZero to offer efficient cross-chain interactions, enabling developers to expand their dApps across 70+ networks.
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From Web3 Casino to VR GAMBLEVERSE: MetaToken Successfully Closes $5 Million Private Round
Crypto Investor Arthur Cheong Predicts Big Ethereum Rally Before ETH ETF Starts Trading
Veteran crypto investor Arthur Cheong is predicting a rally for Ethereum (ETH) ahead of a possible launch of exchange-traded funds (ETFs) for the top altcoin. Cheong, the founder of DeFiance Capital, tells his 167,400 followers on the social media platform X that Ethereum could soar nearly 14% from the current value before spot ETH ETFs […]
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Swiss University Introduces 16-Day Bitcoin Course; Critics Question Exorbitant Fee
Riding a Wave of Positive News, Crypto Markets Turn Bullish
Possible BNB Chain exploit sees $80K in BTC lost
BNB Chain loses $80K worth of Bitcoin in potential exploit, raising questions about the attacker’s identity and intentions as a possible white hat hacker.
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China’s Industrial Bank rewards digital yuan spending with carbon credits
Industrial Bank (CIB) introduces carbon credit rewards for digital yuan use, promoting green finance and expanding the e-CNY ecosystem.
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Former Mt. Gox CEO Mark Karpelès Assures No Imminent Bitcoin Sale, “Everything Is Fine”
Trump Inquired if Bitcoin Could Aid in Solving the $35 Trillion US National Debt Problem
Crypto Markets Spooked as Mt. Gox Moves Over $9B in Bitcoin
Crypto Strategist Issues Solana Warning, Says SOL Gearing Up for a Meltdown – Here’s His Outlook
An analyst who continues to build a following with contrarian crypto calls believes that Solana (SOL) is one more rally away from witnessing a total meltdown. Pseudonymous analyst Credible tells his 395,200 followers on the social media platform X that he thinks Solana is in a distribution phase or a period when deep-pocketed investors in […]
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Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’
Turkish Parliament Committee to Review Crypto Bill This Week
Donald Trump’s Crypto Holdings Top $10 Million, Arkham Says
Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko
If Grayscale’s slated spot Ether ETF follows the same path as its Bitcoin one, there could be some short-term pressure on the price of ETH.
Grayscale’s yet-to-launch spot Ether (ETH) exchange-traded fund (ETF) could bleed an average of $110 million per day if it follows a similar pattern to its Grayscale Bitcoin Trust in the first month.
The Grayscale Bitcoin Trust (GBTC) converted from a closed-end fund to an ETF on Jan. 11, which saw 23% of its assets under management at launch flow out in the first month — totaling $6.5 billion, Kaiko analysts wrote in a May 27 report.
ETHE has an AUM of $11 billion. If it has “a similar magnitude of outflows” as GBTC, “this would amount to $110 million of average daily outflows or 30% of ETH’s average daily volume on Coinbase,” according to Kaiko.
‘Yield-bearing stables’ are not money or stablecoins: Agora’s van Eck
Yield-bearing stablecoins are far more likely to be classed as security products in many countries and would restrict customer reach, argues the son of Jan van Eck.
Stablecoin issuers that offer a yield-bearing element to give holders passive income are missing the point of a stablecoin’s core mission, argues Nick van Eck, CEO of stablecoin issuer firm Agora.
Instead, these firms should focus on utility, liquidity and means of transaction in a way that reaches as many individuals and businesses as possible, the son of investment management maestro Jan van Eck explained in a May 27 Medium post.
Yield-bearing stablecoins have offered a new dimension for decentralized finance users looking to earn interest, but van Eck says such products will likely be classed as security products in many countries and, therefore, restrict customer reach.
Economist Henrik Zeberg Says Bitcoin Days Away From Next Big Move – Here’s His Price Target
Macro strategist Henrik Zeberg is predicting Bitcoin (BTC) will make a big move to the upside any day now. In a new interview on the Bloor Street Capital YouTube channel, Zeberg says Bitcoin could soar more than 64% from its current value by the third quarter of the year. “In January I said $110,000 to […]
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Analyst Predicts ‘Prolonged and Substantial Gold Bull Market’ — Eyes $7,000 Price
JPMorgan Doubts SEC Will Approve Solana or Other Crypto ETFs
Bitcoin exchange-traded products now hold over 1 million BTC
The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion.
Bitcoin (BTC) exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally.
Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day.
According to data shared by HODL15Capital, another 21 Bitcoin exchange-traded products — offered in Canada, Germany, Brazil and other countries — pushes the total number of Bitcoin held to 1,002,343 BTC, worth an estimated $68 billion.
Solana validators vote to keep full control of priority fees
Solana validators vote for a full allocation of priority fees to themselves, ending the 50/50 burn split and aiming to enhance network security.
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