Shiba Inu (SHIB) has seen a 5 percent price increase in the last week, with a strong response to the Shibarium launch. The Shiba Inu ecosystem has seen a notable increase in its token-burning program, with over 2.3 billion SHIB tokens burned last month. The SHIB price surge comes following the strong response to Shibarium […]
Grayscale, the world’s largest crypto asset manager, has filed with the SEC to convert its Grayscale Ethereum Trust (ETHE) into an Ethereum exchange-traded fund (ETF). The filing was submitted by the New York Stock Exchange (NYSE) on behalf of Grayscale. This move follows the SEC’s approval of multiple Ethereum futures ETF products last week.ETHE is […]
Crypto investment products have seen their first inflows since mid-August, with $21 million flowing into these products in the past week. Bitcoin (BTC) and Solana’s (SOL) investment products contributed significantly to the recorded inflow, with BTC products seeing the most inflows with $20 million and SOL recording inflows of $5 million. Ethereum (ETH) maintained its […]
Chainlink (LINK) has recently announced a partnership with Australia and New Zealand Banking Group (ANZ). ANZ has $670 billion in assets and was one of the participants of the recent case study involving Oracle’s new Cross-Chain Interoperability Protocol (CCIP) technology. This technology was used to complete transactions in tokenized assets using A$DC stablecoin and CCIP.Chainlink […]
Ripple’s native cryptocurrency XRP has seen a 4.40 percent increase in the last week, trading above $0.52. Ripple’s Chief Legal Officer, Stuart Alderoty, shared banners on social media suggesting the US Supreme Court’s intention to curb the power of federal agencies. XRP’s price action currently places it above the 200-day EMA while below the 50-day […]
Bitcoin (BTC) has seen a 5.7% rally in the first two days of October, crossing the $28,000-mark for the first time in two months. This rally came after a loss-making quarter in 2023, indicating that bearish catalysts remain in place entering Q4/2023. The buying sentiment in the Bitcoin market started after US lawmakers agreed on […]
Ripple recently unlocked 1 billion XRP from its escrow account, with more than half of the assets being returned to the escrow account. High-value transactions have been observed in the past two days leaving an unknown address to Bitstamp crypto exchange, which Ripple acquired an undisclosed stake in earlier this year. Ripple has used hundreds […]
Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF, following the clearance of the first Ethereum ETH futures exchange-traded fund (ETF). The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in […]
As the first week of October begins, the cryptocurrency world is abuzz with events that could have a major impact on the markets. On Monday, October 2, Federal Reserve Chair Jerome Powell and Philadelphia Fed President Patrick Harker will have a round-table discussion that could affect the crypto markets. Later in the week, the high-profile […]
The International Monetary Fund (IMF) has proposed a country-level risk assessment matrix to identify potential risks in the crypto sector and summarize potential policy responses. The Crypto-Risk Assessment Matrix (C-RAM) is a three-step approach that assesses crypto’s macro-criticality, looks at indicators comparable to those used to monitor the traditional financial sector, and considers global macro-financial […]
