[ad_1] With the Spot Ethereum ETFs expected to begin trading on Tuesday, July 23, expectations for the ETH price have shot up drastically. Numerous analysts and market experts have come forward to predict that it would be a great development for the ETH price, pushing it to new all-time highs. However, one analyst has warned investors to exercise caution during this time as the Spot Ethereum ETFs going live may not have the expected effect immediately. Why The Spot Ethereum ETFs May Lead To A Decline While the Spot Ethereum ETFs going live for trading have been well-received by the…
Author: dfrancis36
[ad_1] The CryptoQuant Head of Research has explained how the demand for Bitcoin could be in its early stages of recovery, as per on-chain data. Bitcoin Apparent Demand Metric Has Shown Early Signs Of Flipping In a new post on X, Julio Moreno, the Head of Research at the on-chain analytics firm CryptoQuant, discussed the growth in demand for Bitcoin. The indicator of interest here is the “Apparent Demand,” which takes the difference of two other metrics to measure the demand BTC is observing right now. The metrics in question are daily block subsidy and daily change in the one-year…
[ad_1] The global crypto investment market has witnessed a significant influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest data from CoinShares, digital asset investment products have seen an additional $1.35 billion in net inflows last week. This recent injection of funds has brought the total for the current positive streak to $3.2 billion. The fact that money has been flowing to this extent is a testament to the amount of steam behind recent market sentiment and confidence among investors regarding cryptocurrencies. According to Coinshares, this inflow trend is not isolated to…
[ad_1] Spot Ethereum ETFs (exchange-traded fujnds) are ready to hit the market, marking a significant milestone for the cryptocurrency industry following approval by the Securities and Exchange Commission (SEC) on Monday. Spot Ethereum ETFs Set To Launch On Tuesday Bloomberg ETF expert Eric Balchunas provided further details following the news, stating that 424(b) forms are now rolling in, signaling the final step to begin trading on Tuesday after a year of anticipation for these new index funds that invest directly in the price of ETH. Blachunas said: It’s official: Spot Eth ETFs have been made effective by the SEC. The…
[ad_1] On July 23, Hong Kong will mark a significant milestone in the crypto financial product domain by introducing Asia’s first inverse Bitcoin exchange-traded fund (ETF), according to a local media outlet, South China Morning Post. According to the report, the CSOP Bitcoin Futures Daily (-1x) Inverse Product would be officially registered with 7376. The CSOP Asset Management manages the HK symbol. In addition, the product is designed to enable investors to profit from falls in the prices of Bitcoin. Notably, the inverse ETF marks a growing and maturing market where investors pursue various innovative ways to diversify within the crypto market. How…
[ad_1] In a recent weekly report by Input Output Global (IOG), the engineering development company behind Cardano (ADA), significant growth for the blockchain has been unveiled. The report highlights notable achievements in Total Value Locked (TVL), transactions and the increasing number of projects being built on the network. Thriving Cardano Ecosystem Per the report, Cardano has reached a milestone of 94 million transactions, showcasing the network’s growing adoption ahead of scheduled upgrades later this year. The report also discloses a TVL of 548.4 million in ADA, further emphasizing the network’s growth. Data from DefiLlama confirms this, with on-chain data showing…
[ad_1] Following a hack attack that resulted in the theft of millions of dollars worth of Shiba Inu (SHIB), Ethereum (ETH) and other coins, WazirX has launched an official bounty program. The prominent Indian exchange has promised to reward anyone who assists in recovering the stolen assets. WazirX Announces Bounty Program To Recover Assets WazirX has announced via its official X (formerly Twitter) account that it has launched a bounty program in response to the recent cyberattack on one of its Multisig wallets. The team behind the Indian exchange revealed that the bounty program will be focused on recovering the…
[ad_1] Polygon (MATIC) appears to be underperforming compared to the broader market, where most of the attention is directed toward other major cryptocurrencies with larger market caps. Despite this subdued price movement, the Polygon network recently experienced a significant surge in activity, reaching its highest levels in over a year. This notable increase in activity is largely attributed to recent announcements concerning the migration of Polygon’s MATIC token to the new POL tokens. Polygon Network Activity Hits Yearly High According to on-chain data from Santiment, the participation of addresses on the Polygon network surged dramatically following the announcement of the…
[ad_1] Superstate, a crypto firm specializing in tokenizing conventional financial services, has launched its new Crypto Carry Fund. This innovative fund is designed to capitalize on the arbitrage opportunities between the spot and futures markets for Bitcoin and Ethereum, providing high yield returns for wealthy investors. The fund, issued as an Ethereum ERC-20 token, marks a significant step in making sophisticated financial strategies more accessible and liquid. Arbitrage Opportunity in Crypto Markets For years, savvy investors have capitalized on the spread between Bitcoin prices in the futures market and the spot market. This strategy, known as the cash-and-carry or basis…
[ad_1] With Bitcoin 2024 fast approaching – July 25-27 in Nashville, TN – three enterprising fund managers are competing to win $1 million in seed capital in the Bitcoin Alpha Competition powered by Samara Alpha Management in partnership with Bitcoin Magazine Pro.In a recent podcast, Bitcoin Magazine sat down with the Bitcoin Alpha Competition judges to discuss the state of the Bitcoin market and how individual investors are leveraging their agility to front-run larger capital allocators as Bitcoin moves into the age of institutional adoption.Patrick Lowry, judge of the Bitcoin Alpha Competition and CEO of Samara Asset Group, believes that while…