The XRP community is intensifying its token burning efforts in an attempt to decrease the circulating supply of the digital asset. The total number of tokens burned has reached a new record, surpassing the previous high.Over 12 million XRP tokens have been burned, according to data from the XRPScan website. Given the current market prices, […]
A JPMorgan executive has recently predicted a 50% chance of a spot Ethereum ETF being approved in May. Nikolaos Panigirtzoglou, a Managing Director for JPMorgan, expressed his views on the matter, stating that for the U.S. Securities and Exchange Commission (SEC) to approve spot Ethereum ETFs in May, Ethereum would need to be classified as […]
Daniel Roberts, co-CEO of Bitcoin mining company Iris Energy, has voiced concerns over Spot Bitcoin ETFs, citing Bitcoin’s limited supply as a potential issue. Roberts highlighted that Bitcoin ETFs are the first of their kind with an underlying asset whose supply is capped at a specific amount, with Bitcoin’s maximum total supply being 21 million […]
Asset management giant Vanguard, despite its public distancing from the cryptocurrency market, has significant exposure to Bitcoin through its large stake in MicroStrategy (MSTR). As per Yahoo Finance data, Vanguard Group is the second-largest institutional shareholder in MicroStrategy, holding over 1,126 million MSTR stocks, which equates to 8.24% of ownership as of September 2023.MicroStrategy’s stock […]
Crypto analyst Michaël Van De Poppe has made a bullish prediction for the Ethereum price against Bitcoin in the near future. He noted that the price action on the ETH/BTC pair for the upcoming months will be influenced by spot Bitcoin ETFs, with a rotation into ETH also predicted.Van De Poppe shared a chart of […]
The digital finance landscape is experiencing a potential shift, with Ethereum at the forefront, led by BlackRock, the world’s financial giant. This change, suggested by CEO Larry Fink’s recent comments, could have significant implications for the future of cryptocurrencies and blockchain technology.BLACKROCK CEO SEES ETHEREUM AS “STORE OF VALUE”Fink, a traditionally conservative figure in finance, […]
The U.S. Bitcoin ETF debut sparked a wave of excitement, but prices dropped after an initial surge, impacting both long and short futures traders with $80 million in losses. Spot Bitcoin ETFs made a historic debut, with $4.3 billion in trading volume on the first day, attracting institutional investors.The debut of Bitcoin exchange-traded funds (ETFs) […]
Ethereum insider Steven Nerayoff has expressed skepticism over the possibility of an Ethereum (ETH) Exchange-Traded Fund (ETF) being launched. This comes after the approval of Bitcoin Spot ETFs by the United States Securities and Exchange Commission (SEC) on January 10, which has led crypto enthusiasts to consider ETH as the next potential candidate for ETF […]
Jim Cramer, the well-known host of CNBC’s “Mad Money,” has recently sparked discussions in the financial community with his latest views on Bitcoin, signaling a “major top” in the cryptocurrency’s value. His tweet, which discussed insights from trader Larry Williams, marked a departure from his earlier bullish comments on Bitcoin. However, the details of the […]
Shayan, a digital nomad and professional journalist, reports on the recent developments in the cryptocurrency market. The market has seen a rise in the price of Ethereum (ETH) following the Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF. This has led analysts to predict a similar approval for an Ethereum ETF. However, […]
