XRP, the native token of Ripple, has recently seen a surge in on-chain metrics, indicating potential positive price movements. On December 31, the number of executed XRP transactions reached an all-time high of almost 7 million, followed by 6.9 million the next day. Additionally, the average number of transactions per ledger has consistently stayed above
Crypto
Bitcoin has made a strong statement as it gained 7.2% in the past 24 hours, reaching an intraday high of $45,498 during the Asian trading session on Tuesday morning. This surge comes after a period of relative stability over the holiday weekend, signaling the start of a promising new year. In fact, this surge has
After a turbulent 2022, cryptocurrency hedge funds have experienced a remarkable recovery in 2023. These funds have generated an average return of 44% through December 20, marking a significant rebound from the previous year’s 52% loss. This turnaround positions cryptocurrency hedge funds as the best-performing strategy among the 29 strategies monitored. Several cryptocurrency hedge funds
The Securities and Exchange Commission (SEC) has been facing a battle with the crypto industry over the approval of a Bitcoin exchange-traded fund (ETF). While a U.S. circuit court in Washington D.C. recently ordered the SEC to revisit its rejection of a Bitcoin ETF application by Grayscale, the outcome is still uncertain. This article will
In the world of cryptocurrency investments, the anticipation of Bitcoin (BTC) spot ETFs has reached a fever pitch. With this excitement comes speculation about whether asset managers like BlackRock can engage in insider trading and “front-run” their approvals. In this article, we will critically analyze the claims and shed light on what can and cannot
The cryptocurrency space continues to thrive even as the year comes to an end. While most industries experience a slowdown during this time, the digital asset market remains active and dynamic. One token that has been making waves recently is Solana’s SOL token. Just last Friday, SOL was already trading at over $70, a remarkable
After a relatively quiet weekend, Bitcoin faced a sharp decline in its price, dropping by approximately $2,000 and reaching a low of $40,600. However, the bulls quickly intervened and prevented further losses, initiating a significant surge. Bitcoin managed to climb as high as $43,500 before losing momentum and slipping back below $42,000. Nonetheless, the cryptocurrency
Renowned Bitcoin advocate Michael Saylor has recently highlighted the potential approval of a spot Bitcoin exchange-traded fund (ETF) as a gamechanger for the financial world. According to Saylor, this development could be the most significant on Wall Street in the past three decades, comparable to the creation of the S&P 500 ETF. He believes that
The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision regarding the approval of Ethereum exchange-traded funds (ETFs) from various asset management firms. The SEC has received applications for Ethereum ETFs from Ark Invest/21Shares, VanEck, and Hashdex, all of which are currently under consideration by the securities regulator. This
After enduring a challenging few days of trading, bitcoin experienced a much-needed boost as its price soared past $43,000. The primary cryptocurrency had been struggling to overcome the $43,000 level over the weekend, leading to a decline in its value to around $42,000. Monday morning brought even greater concerns as bitcoin dropped further to a
