The US Securities and Exchange Commission (SEC) has hinted at the upcoming approval of Ether exchange-traded funds (ETFs) by July 22nd, according to sources in the industry. At least three out of the eight firms seeking approval have been informed that they are likely to receive the green light to introduce these new products by
Crypto
Recent data from IntoTheBlock reveals that Bitcoin whales have taken advantage of the recent dip in the BTC price to significantly increase their holdings. With a whopping 71,000 BTC added to their positions this week, the Large Holders Netflow metric indicates a notable accumulation by investors holding more than 0.1% of the total Bitcoin supply.
The recent market rotation where the Russell 2000 Index increased while the Nasdaq fell has historically preceded significant rallies in Bitcoin and altcoins. This shift towards riskier assets could potentially drive up the demand for cryptocurrencies, leading to a surge in prices. The total altcoin market cap saw a 400% increase over the following four
In the midst of recent market turmoil and economic uncertainties, Michael Saylor, the chairman and co-founder of MicroStrategy, took to Twitter to declare that “Bitcoin is the bridge from chaos to hope.” This statement resonated with many in the crypto community, emphasizing the role of Bitcoin as a potential safe haven asset during times of
Bitcoin’s recent failure to regain a footing above the $60,000 level is sending negative signals to investors and traders in the crypto market. The daily chart analysis shows that Bitcoin is facing substantial resistance in its attempts to break through this crucial level. Currently priced at $57,409, Bitcoin is struggling to stay above the 200
The recent recovery in the cryptocurrency market has sparked a wave of inflows from various sources, including retail and institutional investors alike. One notable development is the addition of 1,661 BTC, or $95.82 million, to nine Bitcoin ETFs, indicating renewed interest and confidence in the market. Fidelity, a well-known investment firm, also increased its Bitcoin
The Axiom Foundation recently announced a groundbreaking partnership with GolfN to revolutionize the field of Play-to-earn in real-world golf. This partnership marks a significant step forward in bringing blockchain technology and cryptocurrency into the world of sports engagement. Axiom Foundation’s commitment to providing blockchain infrastructure for GolfN, including the allocation of the SPL $GOLF token
In the fast-paced world of blockchain technology, advancements are constantly being made to improve the user experience and enhance the functionality of existing platforms. One such recent development is the Dora 2.0 Update, which is set to revolutionize the multichain ecosystem by offering searchability across 10+ chains, alongside bridging and swapping capabilities across all supported
Bitcoin, the leading cryptocurrency, has recently seen a substantial decline in its price, dropping by 17% over the past month. This downward trend has raised concerns among investors and market analysts, with many questioning whether Bitcoin will be able to recover to its previous highs or face further decline. Factors Contributing to the Price Decline
Dora, the unified search and action engine for the multichain world, has recently closed a successful early stage funding round of $5.5 million. This round was co-led by Dragonfly Capital and Lemniscap, with additional support from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, as well as notable angel investors Rushi Manche and Dino Savonin.