The Ethereum ecosystem hit a new milestone with the US Spot ETH ETFs starting trading in the last 24 hours. After considerable anticipation, the digital assets began trading on July 23 after the SEC approved the final filings. On the first day of trading, the nine ETFs recorded a total
July 24, 2024 2 mins read
The overall crypto market, in the last 24 hours, recorded minor declines in market cap. Meanwhile, the overall trading volume increased by 21.96%. Leading cryptocurrency, Bitcoin with a modest daily decline slid back to the $66K level. On the other hand, the largest altcoin Ethereum, began showing price increases fueled
July 23, 2024 2 mins read
US spot Ethereum ETFs received approval from the SEC on Monday after leading issuers filed 424(b) forms. Grayscale issuing two of the nine spot ETFs was observed transferring ETH tokens worth $1.01 billion from its Coinbase Prime deposit onto the platform’s Hot Wallet 8 hours ago. This has led to
July 23, 2024 2 mins read
Chinese capital Hong Kong announced the launch of a new ETF product on Monday. After its recent launch of spot Bitcoin and Ethereum ETFs, Hong Kong recently announced the launch of an inverse Bitcoin ETF. The capital, in the past few months, has been focusing on developing its cryptocurrency sector
July 22, 2024 2 mins read
In the last 24 hours, the US election landscape witnessed crucial movements. Present office holder, Joe Biden announced that he would be stepping down from a re-election. Within the crypto sector, Trump-based memecoins showed notable surges after political rival, Biden’s announcement. Following Biden’s X announcement, the memecoins witnessed bullish price
July 22, 2024 2 mins read
The overall crypto market witnessed a slight dip in both market cap and trading volume in the last 24 hours. Leading cryptocurrencies, Bitcoin and Ethereum also showed mild price dips after the recent bullish trends. Meanwhile, the second largest altcoin, Solana, showed bullish movements crossing the resistance levels, at the
July 19, 2024 2 mins read
The US-based Ripple ecosystem has witnessed several advancements over the past few months. Amid its lawsuit against the SEC drawing to a close, the ecosystem also launched its very own stablecoin, RLUSD, in April. The blockchain activity of Ripple has shown significant growth over the last two months, as the
July 19, 2024 2 mins read
The most anticipated US Spot Ethereum ETFs are expected to make their market debut on July 23. In preparation for the launch, issuers have filed their S-1 filings and made announcements on fees, custodians, and other facets of their respective products. The market has also seen several updates from the
July 18, 2024 2 mins read
The largest cryptocurrency, Bitcoin, has been the community’s prime focus in the past two months, due to its price activity. With external factors taking a toll on Bitcoin, prices showed significant plunges and volatility. The drop in BTC price led to a considerable crypto market crash at the beginning of
July 17, 2024 2 mins read
The crypto market welcomed the update that spot Ethereum ETFs will be launched next week on July 23. Several sources including Reuters have confirmed that the SEC might allow trading of the ETFs next Tuesday. This recent update has caused a positive price rally in Ethereum as it regains its
July 16, 2024 2 mins read