Litecoin, often dubbed as the “silver to Bitcoin’s gold,” is gaining momentum among analysts who foresee it potentially outperforming Bitcoin in the near future. Tony “the Bull,” a certified chartist and the Head of Research at NewsBTC, recently presented a bullish perspective for the 18th most valuable cryptocurrency. He pointed out the monthly candlestick formations […]
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, […]
The U.S. Securities and Exchange Commission’s (SEC) position on an Ethereum-based exchange-traded fund (ETF) is currently a hot topic among financial analysts and major investment firms. Despite the widespread anticipation, JPMorgan has voiced doubts about the SEC’s approval of a spot ETF by May 2024, unless Ethereum is classified as a commodity.The SEC has been […]
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 […]
In a surprising turn of events, Binance Coin (BNB) has slipped to the 13th position in the liquidity race in Q4 2023, despite being the third-largest cryptocurrency by market capitalization. This development has raised questions about its overall liquidity. The data, released by Kaiko on January 11, shows that Bitcoin (BTC), Ethereum (ETH), XRP, and […]
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 […]
In the world of decentralized finance (DeFi), a Solana-based maximum extractable value (MEV) bot has made a significant impact, generating $1.7 million in profit from a single trade. This news comes alongside the Near Foundation’s decision to lay off 40% of its staff, despite a strong financial performance. Meanwhile, the United States Commodity Futures Trading […]
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 […]
