[ad_1] Ethereum spot exchange-traded funds (ETFs) that debuted in the US last week have taken the cryptocurrency market at large by storm with considerable inflows into these products. According to a recent report by CoinShares, the advent of these spot ETFs has attracted $2.2 billion, marking a pivotal moment for Ethereum and its investors. Surge in Ethereum ETFs, What about Bitcoin? Coinshares revealed that with the launch of Ethereum ETFs, a massive capital surge has not only been seen but also a 542% increase in Ethereum exchange-traded products (ETPs). Although the demand surge reflects the growing interest from investors seeking…
Author: dfrancis36
[ad_1] A leading crypto firm is making use of the leading blockchain oracle service in an effort to increase transparency. According to a new announcement from 21Shares, the firm’s Ethereum (ETH) exchange-traded fund (ETF) is utilizing Chainlink’s (LINK) Proof-of-Reserve (POR). “Exciting news! 21Shares has integrated Chainlink Proof of Reserve (PoR) on Ethereum to increase the transparency of the 21Shares Core Ethereum ETF’s (CETH) reserves. This integration of Chainlink’s Proof of Reserve ensures investors have real-time visibility into the Ethereum reserves backing CETH and aims to set new standards in digital asset transparency and security.” Chainlink’s POR allows anyone to verify…
[ad_1] After a drab week characterized by Bitcoin, Ethereum, and Solana prices either dumping or moving sideways, prices bounced off strongly by the end of last week. Of note, losses in Ethereum were arrested as prices recovered, rising from around $3,000. At the same time, Bitcoin and Solana pushed higher, closing in on $70,000 and $200, respectively. Interest In Bitcoin, Ethereum, And Solana Spikes According to Santiment data, despite weakness across the scene, there were hints of strength at the tail end of last week. Of note was renewed interest, where Solana, Bitcoin, and Ethereum saw a marked spike in…
[ad_1] The direction of Dogecoin and Shiba Inu are of high interest to crypto investors, given their roles as the two largest meme coins in the market. Often, the prices of Dogecoin and Shiba Inu rallying can signal a meme coin run that could send other meme coins higher. While both of these meme coins have struggled in the second quarter of the year, the third quarter may be shaping up to be more bullish. Why Dogecoin Could See An Increase In Price Using data from CryptoRank, we can see that the price of Dogecoin has struggled to hold gains…
[ad_1] The cryptocurrency market is experiencing a resurgence of interest in Solana (SOL), as investors are flocking back to this high-performance blockchain platform. At the same time, savvy investors are diversifying their portfolios by adding Mpeppe (MPEPE), a rising star in the crypto world. But is the fear over, or are investors simply seeking new opportunities? Let’s delve into the reasons behind this trend and the potential benefits of this diversification strategy. Solana’s (SOL) Resurgence: A Sign of Renewed Confidence Solana (SOL) has been making headlines recently, with investors showing renewed confidence in its potential. The blockchain’s high-speed transactions, low…
[ad_1] Solana (SOL) has consistently been a top performer in the cryptocurrency market. Known for its high-speed transactions and low fees, Solana (SOL) has attracted a diverse range of projects, from decentralized finance (DeFi) to non-fungible tokens (NFTs). This robust performance has positioned Solana (SOL) as a must-have token for July. With its continuous development and growing adoption, Solana (SOL) is on track to reach new all-time highs (ATH). Mpeppe (MPEPE): Sports Fandom Mpeppe (MPEPE) is making waves in the crypto world with its unique blend of humor and innovation. Drawing inspiration from popular culture and internet memes, Mpeppe (MPEPE)…
[ad_1] The Shiba Inu (SHIB) network value to transactions (NVT) ratio has come into focus, with the meme coin currently enjoying an uptrend. However, this metric suggests that Shiba Inu could soon hit a roadblock on its journey to $0.00003. Shiba Inu NVT Ratio Is On The Rise Data from the on-chain market intelligence platform Glassnode shows that Shiba Inu’s NVT has witnessed a massive increase and is currently way ahead of the meme coin’s price. This is significant as it presents a bearish outlook for Shiba Inu and hints at a potential price correction for the meme coin. Related…
[ad_1] Bitcoin and most crypto assets have been printing higher highs since the failed assassination attempt on Donald Trump. Looking to take over from Joseph Biden, Trump is pro-crypto and even graced the Bitcoin Conference in Nashville, where he delivered a speech. BTC Inching Higher On Donald Trump’s Endorsement With rising odds that Trump will clinch the presidency in November, Bitcoin prices continue to tick higher. Looking at the chart, the coin is approaching $70,000 and is less than 10% from all-time highs. Technically, a close above the $72,000 resistance level could see the world’s most valuable coin edge higher,…
[ad_1] Digital assets manager CoinShares says that institutional crypto investors are pouring record-breaking inflows into crypto exchange-traded products (ETPs) in 2024. In its latest Digital Asset Fund Flows report, CoinShares says that despite a muted week of $245 million net inflows, digital asset investment products reached a new year-to-date record last week. “Digital asset investment products saw a relatively muted US$245m of inflows last week, although this obscures a mixed picture for various digital assets. Trading volumes rose to the highest levels since May at US$14.8bn for the week, helped by the recent Ethereum ETF launches. Recent price appreciation has brought…
[ad_1] The CEO and founder of the on-chain analytics firm CryptoQuant has explained how this Bitcoin bull cycle could probably last till mid-2025. Profit-Taking From Old Bitcoin Whales Lasted For 18 Months In Previous Cycles In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a pattern that old whales have followed in terms of profit-taking during the past cycles. “Old whales take profits during bull markets,” notes Young Ju. “Their selling brings new capital into accumulation addresses, raising realized prices.” Accumulation Addresses refer to the Bitcoin wallets that have no history of selling.…