[ad_1] As the highly anticipated launch of the first spot Ethereum ETFs in the United States nears, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. Ethereum ETFs On The Horizon According to a recent Reuters report, the US Securities and Exchange Commission (SEC) could approve Ethereum ETFs as soon as July 4, as discussions between asset managers and regulators enter the final stages. Industry executives and other participants who requested anonymity due to the confidential nature of the talks revealed that the process of amending the offering documents has progressed to resolving only “minor”…
Author: dfrancis36
[ad_1] The ongoing legal battle between Nigerian authorities and the crypto exchange Binance has significantly affected the country’s blockchain industry. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) recently expressed its concerns about the negative impact of the current dispute and urged for a “balanced resolution.” Nigerian Blockchain Industry Affected By Binance Saga BICCoN released a public statement addressing the ongoing legal issue involving Binance and its detained executive, Tigran Gambaryan. Nigeria’s blockchain committee voiced the concerns of the country’s leading organizations about the repercussions the dispute might have. The committee is an “inter-community working group dedicated to fostering a…
[ad_1] On-chain data shows the Bitcoin transfer volume of retail investors has seen a sharp decline recently, a sign that this group may be losing interest. Bitcoin Volume For Retail-Sized Transactions Has Plunged Recently As explained by CrypoQuant author Axel Adler Jr in a new post on X, the total BTC transfer volume for transactions valued between $1,000 and $10,000 has gone down recently. The “transfer volume” here refers to the total amount of Bitcoin (in USD) that addresses on the network are moving around daily. This metric isn’t confused with the “trading volume,” which typically keeps track of only…
[ad_1] John Deaton, a prominent XRP advocate and candidate for the US Senate in Massachusetts, has once again voiced his staunch criticism of the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. Deaton accuses them of inflicting significant damage on small cryptocurrency investors, specifically targeting those who have invested in XRP. This latest salvo from Deaton underscores the growing friction between the cryptocurrency community and regulatory authorities in the United States. Gensler Under Fire: Allegations And Controversies Deaton’s criticism doesn’t stop at general accusations. He has publicly declared his “100% conviction” that Gensler and the SEC have…
[ad_1] The largest dogwifhat (WIF) holder is adding more to his holdings while other memecoin whales are selling off, according to on-chain data. Blockchain tracking firm Lookonchain reports that the top dogwifhat holder has more than 23 million WIF after suddenly buying 2.3 million additional tokens. “The largest holder of WIF spent 4.65 million USDC to buy 2.3 million WIF at $2.03 [June 25th]! He currently holds 23.39 million WIF ($49.6 million), with a profit of ~$83 million on WIF! He is also the one who spent 86,738.1 SOL ($8.65 million) to buy 17.22 million WIF in one trade.” Source:…
[ad_1] Crypto analyst Alessio Rastani has warned that XRP is in “trouble” following his recent analysis of the chart. He outlined certain “strong warnings” on the chart, which showed that the crypto token could experience further price declines. Why XRP Is In Trouble Rastani mentioned in a video on his YouTube channel that XRP could drop to $0.13 or even lower as part of Wave C of his analysis using the Elliot Wave Theory. He noted that a drop to that price level represents about a 100% decline for XRP from Wave B and a similar corrective move to Wave…
[ad_1] An attorney has provided insights on the impending court judgment from the United States Securities and Exchange Commission (SEC) concerning its lawsuit against Ripple. As the legal battle finally appears to be approaching its end, the attorney has outlined how the potential judgements could impact Ripple’s reputation and digital asset operations in the United States (US). Impending SEC Judgements For Ripple Fred Rispoli, the founder of HODL law, was recently featured in a YouTube video hosted on the Thinking Crypto podcast, by Tony Edward. When asked if the judgement against Ripple would involve penalties for institutional sales of XRP,…
[ad_1] MegaLabs, the leading developer behind the innovative Ethereum scaling protocol known as “MegaETH,” announced a successful $20 million seed funding round led by Dragonfly Capital. This new investment aims to advance MegaETH, a real-time blockchain designed for instantaneous transaction processing, capable of streaming 100,000 transactions per second with millisecond-level responsiveness. MegaLabs Secures Funding to Revolutionize Real-Time Blockchain Speed The funding round saw participation from Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, Tangent, and Credibly Neutral. Notable angel investors included Vitalik Buterin, co-founder of Ethereum, Joseph Lubin, CEO of Consensys, Sreeram Kannan, creator of EigenLayer, and Hasu of…
[ad_1] The Cardano Foundation has outlined a detailed framework for governance reform coinciding with the forthcoming Chang hard fork. This strategic move signifies a major shift towards a decentralized governance structure within the blockchain ecosystem, intended to distribute decision-making power more equitably among its stakeholders. The Cardano blockchain, known for its scientific approach to development and strong emphasis on security and sustainability, is preparing for one of its most significant updates yet—the Chang hard fork. This update is not just a technical upgrade but also a shift towards a decentralized governance model, a move that has been long anticipated by…
[ad_1] The cryptocurrency market has taken another step towards regulated and mass investment in cryptocurrencies with the first-ever application for a Solana ETF in the US by asset manager and Bitcoin ETF issuer VanEck. Following the approval of spot Bitcoin ETFs in January and the anticipated launch of Ethereum ETFs in July, this development marks another milestone in expanding cryptocurrency investment options for retail and institutional investors. The news of VanEck’s Solana ETF filing with the US Securities and Exchange Commission (SEC) caused a surge in the native token SOL, with its price rising nearly 8% upon disclosure by Matthew…