The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently provided insights into the potential inflows that US Spot Ethereum ETFs could attract. His analysis suggests that these funds could potentially receive significant investments in their first 18 months of trading. Hougan’s analysis is based on the market capitalizations of Bitcoin and Ethereum, with a
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, showcasing a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends, signaling caution among traders and investors. Despite a 31.26% increase in market capitalization, there has been a 35.43% decrease in trading
SEC Chair Gary Gensler, in an interview at the Bloomberg Investment Summit, expressed confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for the approval, he mentioned that the focus is currently on asset managers making full disclosure in their registration statements. Gensler seemed optimistic about the
As Bitcoin, the leading cryptocurrency, navigates through a critical juncture, the market sentiment is divided between optimism and caution. The recent surge in the first half of 2024 saw Bitcoin surpassing the $71,000 mark, only to retreat and stabilize around $61,000, prompting discussions among analysts about the future trajectory of this digital asset. One of
The gaming-focused blockchain Oasys recently announced a strategic partnership with Vortex Gaming, a South Korean gaming community platform under Inven, a leading gaming platform in South Korea. This partnership aims to broaden Oasys’ reach in the Korean market, allowing Vortex players to access the latest blockchain-based games available on Oasys. By leveraging Inven’s extensive Korean
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
The recent trend in Spot Bitcoin ETFs has raised concerns among investors as the funds have experienced outflows for seven consecutive days. The outflows have been accompanied by a decline in the Bitcoin price, indicating a possible correlation between institutional sell-offs and miner sell-offs. Data from Coinglass reveals that the outflows have averaged around $100
A recent decision by a US bankruptcy court has given FTX the green light to move forward with a liquidation plan that involves paying customer claims in cash. This plan, which is set to pay customers based on crypto prices at the time of FTX’s collapse in November 2022, has faced objections from customers who
The partnership between Netmarble’s Marblex and Immutable marks an exciting development in the blockchain gaming world. By leveraging Immutable’s cutting-edge zkEVM chain, the collaboration aims to enhance the gaming experience for both developers and gamers. The zkEVM technology offers significant advantages over traditional blockchain platforms, particularly in its smart contract compatibility and gas-free transactions. This
