The cryptocurrency market is mired in neutral sentiment, with only little rebounds sprinkled. The market leader in cryptocurrencies, Bitcoin, has increased its value by about 2% since yesterday, eyeing the $60,000 mark. Nevertheless, today’s main attraction is Paypal USD (PYUSD. A dollar-pegged token that has seen tremendous growth in recent
August 17, 2024 1 min read
On Thursday, spot bitcoin ETFs had inflows of $11.1 million, while U.S. spot ether ETFs witnessed net outflows of $39.2 million. The $42.5 million that left Grayscale’s ETHE fund shows that outflows have persisted. Thursday marked the end of a three-day positive flow run for U.S. spot Ethereum exchange-traded funds,
August 16, 2024 1 min read
With the goal of increasing the ARB token’s usefulness and fortifying governance security, the Arbitrum DAO has green-lit a temperature check proposal. After more than 25,000 participants gave the proposal their unanimous 91% approval, on Aug. 15 the onchain voting came to a close. At its heart, the proposal is
August 16, 2024 2 mins read
One important economic indicator that affects everyone—individuals, companies, and politicians alike—is inflation, especially in the housing sector. For a long time, traditional measures of inflation have been used, such as the Consumer Price Index (CPI) and the Personal Consumption Expenditure Price Index (PCE). But these approaches often fail to capture
August 14, 2024 3 mins read
On Monday, $4.9 million poured into U.S. spot Ethereum ETFs, while the Grayscale Ethereum Trust (ETHE) witnessed its first day of trading with zero flows since converting into an ETF. After three days of negative flows, the net inflows of the nine ether ETFs was recorded, according to statistics from
August 13, 2024 1 min read
The ‘Kelp Gain Vaults‘ Program is being launched by the liquid restaking platform, Kelp DAO. As the first initiative to provide access to several Layer 2 airdrops in a single, diversified approach, the program increases the earning potential of airdrops and benefits for restakers and users. With just one click, users of
August 13, 2024 2 mins read
On Sunday, August 11th, at Foresight 2024 Hong Kong, Ben Caselin, the Chief Marketing Officer of VALR, the cryptocurrency exchange backed by Pantera, gave a keynote speech on the unique adoption trajectory of cryptocurrencies in emerging markets. Caselin’s presentation clarified the notable distinctions between the adoption of cryptocurrency in nations such
August 13, 2024 1 min read
As the volume of transactions on layer-2 networks keeps increasing, the median price of sending a transaction on the Ethereum blockchain has fallen to its lowest point in five years, with low-priority transactions falling to about 1 gwei or even lower. On August 10th, Dune Analytics data showed that the
August 12, 2024 2 mins read
Starting in 2026, taxpayers will be able to report digital asset transactions using an updated draft form provided by the United States Internal Revenue Service (IRS). The Internal Revenue Service (IRS) published a revised Form 1099-DA, “Digital Asset Proceeds From Broker Transactions,” on August 8th. The form would enable US
August 11, 2024 2 mins read
Notable crypto market activity occurred on August 9 when Ark Invest, run by Cathie Wood, sold off a large chunk of its Ethereum futures exchange-traded funds. The outcome of this judgment can be bad news for Ether ETPs on the market. Also, in light of the increasing withdrawals from spot
August 10, 2024 1 min read
