The CEO of the U.S investment company Ark Invest, Cathie Wood, has stated her intention to cast her ballot for the presumed Republican candidate for president, Donald Trump, who is a former U.S. president. Over the weekend, Kevin Paffrath, a maker of financial information, hosted a conference in Las Vegas,
June 24, 2024 2 mins read
As the Ripple vs SEC XRP case continues, rumors of a potential settlement between the two giants continue to circulate. The Ripple case has been sent to settlement negotiations by a U.S. district court. The move follows Judge Phyllis Hamilton’s decision to reject many class action lawsuits. While permitting the
June 21, 2024 1 min read
In what would supposedly be the first of its kind in North America, digital asset manager 3iQ has applied to have its Solana exchange-traded product listed on the Toronto Stock Exchange (TSE) in Canada. Following an initial public offering, 3iQ informed X on June 20 that they had filed a
June 21, 2024 2 mins read
Potentially a massive outflow of capital from spot Bitcoin exchange-traded funds was set off by the Federal Reserve, and things could get much worse from here. Concerns were voiced by market observers after the Federal Open Market Committee’s announcement that interest rates would remain unchanged between 5.25% and 5.50%. The
June 20, 2024 2 mins read
Coinbase-backed Ethereum layer-2 network Base with 270,000 users on June 17th set a new record for most daily active users on decentralized exchanges (DEX). The number increased by almost 9% as compared to the day before. Based on the most recent all-time high in active users, Base-powered decentralized exchanges have
June 19, 2024 2 mins read
The North Dakota state financial watchdog has joined seven others in revoking Binance US’s money transmitter license. On June 17, Commissioner Lise Kruse of North Dakota’s Department of Financial Institutions (DFI) said that BAM Trading Services, doing business as Binance US, had violated the money transmitter rules of the state.
June 19, 2024 2 mins read
A large segment of ADA holders are losing money, since just 30% are now in profit, according to IntoTheBlock statistics. Major investors own 28% of the ADA token, indicating a relatively high amount of whale control. This might affect the price stability and the dangers of manipulation. Market conditions, including
June 18, 2024 2 mins read
The biggest notable outflow since March 22 was $600 million last week from digital asset exchange-traded products and funds, according to a report dated June 17. The majority of the withdrawals came from Bitcoin investment vehicles, as stated in the most recent CoinShares “Weekly Asset Fund Flows” report. The opposite
June 18, 2024 2 mins read
Following a recent price dip, Ethereum (ETH) had one of its most significant days for long-term holder accumulation. Demand for Ethereum has skyrocketed. In a post on June 13th, CryptoQuant’s chief of research Julio Moreno said that buying by permanent holders was the second highest it has ever been. According
June 14, 2024 1 min read
A large net outflow of $226.2 million was seen in yesterday’s U.S spot Bitcoin ETF market, according to recent monitoring data from Farside Investors. Investor mood has changed, as seen by this substantial swing. Although the majority of funds saw withdrawals, BlackRock’s IBIT ETF was the only one that managed
June 14, 2024 2 mins read