The discussion surrounding the imminent launch of Spot Ethereum ETFs has been gaining momentum, with Bloomberg analysts Eric Balchunas and James Seyffart providing updates on the potential trading start date. Balchunas recently shared on social media that the anticipated launch date for the ETFs has been moved to July 2nd. This update comes after the
admin
Bitcoin has experienced significant price fluctuations in the past few days, causing distress among investors. The cryptocurrency slumped to $65,000, marking a monthly low after a brief pump to $70,000 earlier in the week. The volatility was fueled by growing anticipation and fear surrounding the US CPI numbers and the FOMC meeting. The Altcoin Market
Crypto analyst Sebastian recently made a bold prediction, suggesting that Cardano (ADA) could potentially reach $3 this year. One of the key factors he pointed to was Cardano’s partnership with Argentina. The Cardano Foundation’s collaboration with Entre Ríos, a central Argentine province, aims to boost blockchain adoption in the country. This move not only benefits
Asset tokenization, including tokenization of securities, has been recognized as a promising innovation with various potential benefits. SEC Commissioner Mark Uyeda highlighted the advantages of representing asset rights with digital tokens on a blockchain. He emphasized that this approach can offer enhanced security, transparency, and immutability. In addition, Uyeda pointed out that tokenization eliminates the
Recently, the New York Attorney General’s office made an announcement regarding the settlement with Gemini, a popular cryptocurrency exchange. The agreement resulted in the recovery of $50 million for users who were affected by the defunct Gemini Earn program. This program misled thousands of investors about the risks involved, ultimately impacting over 230,000 users, including
Despite Ethereum facing significant selling pressure and a 15% drop from March 2024, on-chain data indicates a positive outlook for the cryptocurrency. Analyzing the recent activity on the X platform, it is shown that there has been a noticeable surge in demand for ETH, particularly from long-term institutional holders. These permanent holders, who are typically
Ethereum has recently experienced a significant increase in withdrawals from centralized exchanges, indicating that crypto whales may be anticipating a potential recovery in price. The amount of ETH held on these exchanges has dropped to its lowest level since 2016, raising speculation among investors. According to data from crypto analyst Ash Crypto, there has been
Cryptocurrency analyst TechDev recently provided insights into the potential future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle. He suggested that there are more price surges on the horizon for the flagship cryptocurrency. TechDev’s analysis points towards a parabolic move to the upside for
As around 20,000 Bitcoin options are set to expire today with a notional value of $1.35 billion, the market impact is expected to be minimal compared to previous weeks. However, a larger Bitcoin options expiry event is looming on June 28, with $6.7 billion in notional value derivatives expiring. Today’s BTC contracts have a put/call
The cryptocurrency market has been experiencing a period of sideways movement, with significant declines seen earlier in the week. Bitcoin, in particular, has been struggling to break past the $67K mark, with the price hovering around that level at a 1% loss over the past 24 hours. Despite attempts to surpass $68K, the sellers have
