Ethereum has emerged as the frontrunner in the recent market downturn, with investors seizing the opportunity presented by the price weakness. Data reveals that Ethereum has attracted a staggering $155 million in inflows over the past week alone. This surge has propelled its year-to-date total inflows to $862 million, marking the highest influx since 2021.
Crypto
Recent data from the cryptocurrency futures market has led a CryptoQuant analyst to predict a potential rally for Ether (ETH) in the near future. Following a significant liquidation event, historical trends suggest that ETH may experience a price rally as spot buying pressure increases and markets stabilize. Despite a recent dip in ETH price, which
The recent decision by Binance to delist six altcoins has sent shockwaves through the cryptocurrency market. This move by the world’s largest cryptocurrency exchange is not uncommon, as it periodically reviews the digital assets listed on its platform to ensure they meet certain standards. Binance takes various factors into consideration when deciding to delist a
XRP, the cryptocurrency associated with Ripple, saw a significant price increase last week following a court ruling in the Ripple v SEC case. This surge brought XRP’s price to almost $0.64 with a market capitalization of over $35 billion. However, despite this initial success, the price of XRP has since experienced a slight decline, currently
As bitcoin experiences a downward trend, analysts are closely examining technical indicators and signals to determine the direction in which it may move next. According to CoinGlass, a crypto derivatives data provider, the liquidity heatmap indicates key first-test lines at approximately $56,800. A bounce off this level could lead to testing higher prices, while a
Bitfarms, a Toronto-based Bitcoin mining company, reported a total revenue of $42 million in the second quarter of 2024. However, this marked a 16% decline quarter-over-quarter. The reduction in block rewards resulting from the BTC halving event on April 19, 2024, is seen as the primary reason for this decrease. Increased Net Losses The company
Santiment recently released a list of the top 10 digital assets based on notable development activity in the last 30 days. Topping the list is Internet Computer (ICP) with an overall score of 570.1, making it the top digital asset for development activity. With a market capitalization of nearly $3.5 billion, ICP has become the
Over the weekend, Bitcoin’s price movements have calmed down significantly, with the asset hovering around $61,000. This stability comes after a period of intense volatility that saw the cryptocurrency plummet from $66,000 to $49,500 within a few days. While Bitcoin managed to recover some ground and briefly surged to almost $63,000, it retraced back slightly,
CoinShares, a prominent European investment company, showcased remarkable performance in the second quarter of 2024. The company reported a significant increase in revenue compared to the same period in 2023, with a revenue of £22.5 million ($28.5 million) reflecting a staggering 110% year-over-year growth. This growth is particularly noteworthy, indicating the company’s strong position in
In the past week, the spot Bitcoin ETFs experienced a rollercoaster of inflows and outflows. The week began on a negative note with nearly $240 million leaving the eleven funds. The trend continued as $168.4 million was withdrawn in the following days. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were among the top funds
In a world where financial success often seems out of reach for many, investing in cryptocurrencies like Bitcoin has offered a glimmer of hope for those looking to secure their financial future. According to Berkshire’s Charlie Munger, reaching $100,000 in investments might seem daunting, but it is an essential milestone that everyone should strive to
Celsius, a crypto lender that filed for bankruptcy two years ago, has recently taken legal action against Tether for an alleged mishandling of over $800 million worth of BTC during a market downturn in mid-2022. The lawsuit claims that Tether violated a contract with Celsius, resulting in the liquidation of collateral that belonged to the
The recent conclusion of the settlements phase of the trial between Ripple Labs and the SEC resulted in a much smaller fine than originally requested by the regulatory body. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just over $125 million, which was significantly lower
Recently, Ripple found itself in the midst of a legal battle with the SEC over alleged violations of securities laws. The lawsuit concluded with the company being ordered to pay a $125 million fine, significantly less than the initial $2 billion demanded by the regulator. This outcome was viewed by many in the industry as