As another month ends, the crypto market’s speculations have begun to turn into reality. Uptober has begun its upward rally, as evidenced by Bitcoin’s current $72K trading levels. Moreover, other altcoins have also followed in on the rally hitting new trading levels and YTD (year-to-date) increases. Meanwhile, the leading altcoin
T-Rex’s 2x leveraged MicroStrategy ETF (MSTU) has surged in performance, now ranking among the top 1% of all ETFs by daily trading volume. Launched just six weeks ago, MSTU has posted a 225% gain, translating to an annual equivalent growth rate of 57,000%. This exponential rise is attributed to MicroStrategy’s
Web3 space is an ever-evolving landscape with new initiatives surfacing every other day. Recently, Vitalik Buterin has been discussing the Ethereum ecosystem’s advancements and upcoming upgrades. Meanwhile, the cryptocurrency realm has also shown bullish signs in the past day. In Hong Kong, the nation’s first digital bank ZA Bank has
The crypto space has been abuzz with activity as Bitcoin has rallied to hit the March 2024 trading levels. However, the altcoin sector has shown mixed signals in the last 24 hours. Ethereum has failed to utilize this positive momentum, but Solana, on the other hand, has hit the $180
The intersection of politics and finance has always had a significant effect on the crypto market; the most recent conjecture revolves around former US President Donald Trump. Known for his divisive impact in many spheres, Trump’s remarks on Bitcoin and crypto regulation might generate positive signals that institutional investors all
Emory University recently reported a notable $15 million investment in the Grayscale Bitcoin Mini ETF, marking it as the first American university to publicly disclose Bitcoin holdings. According to filings with the U.S. Securities and Exchange Commission (SEC) dated October 25, Emory held 2,678,906 shares in the ETF, valued at
The crypto market is in a state of flux, marked by significant liquidations and fluctuating investor sentiment. On October 23, 2024, total liquidations reached $261 million, predominantly affecting long positions as traders anticipated a continuation of Bitcoin’s bullish trend. This liquidation surge ranks as the second-largest for October, following the
On a rare occurrence, the overall crypto market has recorded neutral price actions in the last 24 hours. When comparing the past day, Bitcoin’s returning back to the $67K level might have contributed to neutralizing price actions. Meanwhile, the market’s trading volume has surged by 19.08% in the past day.
The cryptocurrency sector faces regulatory discrimination on a daily basis and combating them isn’t a novelty. However, certain huge shifts may take us by surprise at first sight. For instance, in July, the US SEC’s approval of the spot ETH ETFs was entirely unexpected until a week before the approval.
Japan’s regulatory stance on crypto exchange-traded funds (ETFs) remains cautious, even as the U.S. and Hong Kong make strides in launching spot crypto ETFs. Despite the increasing demand for these financial products globally, Japan’s Financial Services Agency (FSA) continues to play it safe. The country’s crypto investors face tax hits
