The United States Securities and Exchange Commission (SEC) is expected to reach a final verdict on the seven firms in question by mid-March. Eric Balchunas, an ETF analyst at Bloomberg, has adjusted the probability of a spot Bitcoin ETF gaining approval by the close of 2023 to 75%, and further increased those odds to 95% […]
On October 2, nine Ethereum futures ETFs were launched in the US, but initial trading volumes were low according to industry experts. Eric Balchunas, a Bloomberg ETF analyst, said that the volume was “pretty meh” and less than $2 million had been traded by midday. This was compared to the first Bitcoin futures ETF, BITO, […]
Friend.Tech is an upcoming web3 platform that allows users to monetize their social connections. Since its inception, the platform has recorded significant traction and has facilitated over 9.2 million cumulative transactions. As of Monday, the platform had recorded total protocol fees of about 10,749 Ethers and a total inflow of approximately 214,985.878 ETH worth around […]
Recent advancements in Hong Kong’s crypto space could provide a potential boost to the East Asian region, which has been largely affected by a China-wide ban on crypto trading activities since 2019. According to a report from Chainalysis, East Asia’s share of crypto transaction value dropped from around 30% in 2019 to less than 10% […]
Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Ethereum Trust (ETHE) to a spot Ethereum exchange-traded fund (ETF). The Ethereum Trust is the largest Ether investment product in the world, with nearly $5 billion in assets under management.Meanwhile, Shiba Memu’s presale has surpassed the $3.5 million mark. The […]
Bitcoin’s price has surged above the $28,400 level, triggering $110 million in liquidations across the cryptocurrency futures market. The asset’s value has shot up since yesterday, reaching as high as $28,500. Other top assets in the sector have also seen rallies of their own.The crypto sector has seen many liquidations in the past day, with […]
Crypto analyst Dark Defender has presented a bullish prediction for the XRP price, with a target of $5.85, a 1,100% increase from its current price of $0.523. The analysis is based on the fact that XRP closed the month of September with a Doji, meaning that the price of the digital asset had closed the […]
The meme coin PEPE has been one of the best performing cryptocurrencies over the last week, and a pseudonymous crypto analyst has predicted a meteoric rise for the PEPE price that could see it reach triple digits. The analyst points to a falling wedge pattern that has been forming for the cryptocurrency over the last […]
Nine Ethereum futures exchange-traded funds (ETFs) became available for trading on the Cboe exchange on October 2. Six asset managers, Valkyrie, VanEck, ProShares, Bitwise, Kelly, and VolShares, are offering the nine funds. Four of the ETFs invest in a combination of Bitcoin futures and Ethereum futures, while the other five invest solely in Ethereum futures.Bloomberg […]
Crypto hacking incidents jumped 153% in the third quarter of 2022 compared to the same period last year, with 76 incidents reported in Q3 and losses from hacks and fraud rising to more than $685 million. The two biggest exploits, a $200 million hack of Mixin Network and a $126 million hack of Multichain, accounted […]
