The launch of spot Ethereum ETFs has been met with lackluster results in the first few days. While there was a solid first day with over $106 million in net flows, the following days saw a significant trend reversal. Daily outflows increased, with large amounts being withdrawn from various Ethereum ETF products. For example, Grayscale’s
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Jan van Eck, the CEO of the investment management company VanEck, has shown remarkable confidence in Bitcoin during the ongoing BTC Conference in the States. He revealed that more than 30% of his portfolio is allocated to the primary digital asset, showing a strong belief in its future potential. VanEck is known for its spot
Kennedy has recently proposed that the federal government should purchase Bitcoin until its holdings align with the value of the nation’s gold reserves. Currently, the US gold reserves amount to around 8,133 tonnes, valued at approximately $615 billion. This would translate to roughly 9.4 million BTC, accounting for nearly 45% of the total Bitcoin supply.
The recent launch of Spot Ethereum ETFs has had an unexpected impact on the price of ETH, leading to a continued struggle for the second-largest cryptocurrency by market cap. Despite initial excitement in the market, investors have witnessed a decline of around 10% in the value of ETH since the trading of Spot Ethereum ETFs
Ethereum saw a significant drop in price despite the launch of several ETFs. The support level at $3,300 turned into resistance as the price fell by over 10%. This could potentially lead to further downward pressure, with a target of $2,800 if buyers do not step in. The volatility created by the ETF launch may
Robert Kennedy Jr., an independent candidate for the US presidency, recently presented a groundbreaking financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. This ambitious plan aims to position the United States as the world’s largest holder of Bitcoin, surpassing even the country’s gold reserves. The core of this
As we approach Friday, July 26, the market is anticipating a significant event in the cryptocurrency space. Around 61,200 Bitcoin options contracts are set to expire with a notional value of approximately $4.26 billion. This particular expiry event is larger than usual expiries due to it being at the end of the month. Despite the
Planet X is a revolutionary free-to-play extraction shooter game that has taken the gaming world by storm. By combining traditional gaming excitement with the power of blockchain technology, Planet X offers players the chance to immerse themselves in a sci-fi shooter mobile environment with the opportunity to earn real-world prizes. The core gameplay of Planet
Illuvium, a new blockchain gaming platform, has recently launched its mainnet for players worldwide. This marks a significant milestone for the project, as it opens up a world of opportunities for early adopters to experience and engage with the platform. Illuvium offers a unique gaming experience across three major titles: Overworld, Arena, and Zero. Each
Upon initial investigation, WazirX has stated that there is no evidence to suggest that their signers’ machines were compromised during the recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, has brought about a great deal of concern and scrutiny within the cryptocurrency community. The exchange initially placed
Cryptocurrency analysts have been making bold predictions about the future price of Bitcoin (BTC), with some forecasting that it could reach as high as $263,000. These predictions, however, are based on specific market conditions that need to be met in order for Bitcoin’s price to surge to new all-time highs. One crypto analyst, known as
Dalmas is not just another crypto reporter; he brings a unique perspective to the industry that sets him apart from his peers. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years. His specialization in NFTs, blockchain,
Cardano (ADA) has been experiencing a notable decline over the past seven days, with the price dropping below the $0.41 mark. This decline is part of a broader trend affecting many altcoins, as they react to Ethereum’s significant drop in the last 24 hours. The recent movement represents a correction from a bullish run that
In recent times, Ethereum whales have been making significant moves in the market, as evidenced by on-chain data indicating heavy accumulation of the second-largest crypto token by market cap. Despite a decline in ETH’s price, these investors have been actively buying up large amounts of the cryptocurrency. Data from the market intelligence platform IntoTheBlock reveals