Since spot BTC ETFs were introduced in the US, one analyst has seen an uptick in bitcoin exchange-traded fund outflows from Europe. This change in the market, according to CoinShares Research Associate Luke Nolan, exemplifies a pattern in which American institutional traders are presumably shifting their focus to the newly
Under Justin Sun’s leadership, HTX initiates the transformation from HT to HTX, which is a major milestone for Huobi Token (HT). The upgrade, detailed in a recent press release, brings about many improvements, including the listing of HTX DAO (HTX) and the ability for HT holders to willingly trade their
Staking is one of the most fundamental and essential elements of blockchain design. The process entails network users locking up a certain amount of their cryptocurrency holdings to support the blockchain’s operation. It’s how Proof of Stake (PoS) blockchains such as Avalanche are secured and entails validators being chosen to
While the global crypto market is facing a downturn, Chainlink (LINK) displayed a notable uptrend, rebounding from a test of the 50-day exponential moving average (EMA) observed in the previous trading session. The bulls showcased probability, recovering over 16% of the prior day’s losses, propelling LINK’s value higher. Chainlink encountered
In a recent turn of events, the price of the largest cryptocurrency Bitcoin has faced a period of stagnancy following the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission. Despite initial excitement surrounding the ETF, the cumulative holdings of all Bitcoin ETFs
Within one week of its inception, Fidelity Investment’s spot Bitcoin (BTC) ETF has amassed more than $1 billion in assets under management (AUM), making it the second ETF provider to achieve this feat. According to Bloomberg data, Fidelity’s Wise Origin Bitcoin Trust hit this mark on its fifth trading day,
The United States SEC acknowledged the application for options trading on spot Bitcoin ETFs within three days of its filing. The 19b-4s asking for authorization to trade options on spot Bitcoin ETFs have been acknowledged by the U.S. SEC, according to Bloomberg’s senior ETF analyst James Seyffart. The standard procedure
The cryptocurrency market was buzzing with the rapid rise and fall of SatoshiVM (SAVM), an Ethereum-based token, as an anonymous trader turned a $681,000 investment into a significant profit of over $6.77 million within three hours of the token’s launch. Taking advantage of the hype surrounding the new Layer 2
The Ethereum NFT market experienced a remarkable uptick on January 18, with the trading volume reaching an impressive $42.8 million. This marked a significant milestone, surpassing the $40 million threshold for the first time since June of the previous year. Notably, Blur dominated the scene, accounting for a substantial 82%
The recent meme-coin craze witnessed a surge in the popularity of cryptocurrencies like Shiba Inu (SHIB) and Bonk Coin (BONK), with their values soaring due to a mix of excitement, community enthusiasm, and a touch of eccentricity. However, as the initial excitement subsided, many investors found themselves disheartened and on
