Marathon Digital, previously known as MARA, has recently made a bold move by investing $100 million in Bitcoin. This significant investment demonstrates the mining giant’s unwavering belief in the long-term potential of the pioneering cryptocurrency. Despite the volatile nature of the crypto market, Marathon Digital has seized the opportunity to expand its Bitcoin holdings, which
2024 has proven to be an eventful year for the cryptocurrency industry, with significant developments in the Ethereum ecosystem. The US Securities and Exchange Commission’s approval of almost ten exchange-traded funds tracking Ethereum’s performance provided a massive validation for the second-largest digital asset. Although the ETH ETFs were greenlighted a few months prior, they were
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a background in writing on various subjects, Semilore discovered his passion for unraveling the complexities of blockchains and cryptocurrencies. His dedication to promoting the adoption of digital assets stems from his belief in their potential to enhance the efficiency
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 Daily outflows increased, with large amounts being withdrawn from various Ethereum ETF products.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
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
