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Search Results for: etfs

Ethereum Foundation Moves ETH to Kraken Amid Token Price Recovery

The Ethereum Foundation caught market attention in the past day with its significant ETH transactions. While the altcoin has struggled to surpass the $2.6K level in the past few weeks, it has exhibited modest positive momentum in the last 24 hours. Meanwhile, market conditions have turned bullish with market cap

August 24, 2024 2 mins read

Coinbase Enhances Stablecoin Offering with EURC Integration on Solana

Coinbase has announced that it would offer EURC, Circle’s euro-backed stablecoin that integrates with Solana. With more and more eyes on the crypto industry, the stablecoin market is seeing more attention worldwide, prompting this move. It is worth mentioning that the most recent declaration follows the exchange’s previous statement that

August 23, 2024 2 mins read

Will Solana (SOL) Hit $150 Overcoming the Bull-Bear Combat?

In the past 24 hours, the cryptocurrency market has shown bullish turns with market cap increasing 2.79% and daily trading volume surging 16.36%. Leading cryptocurrencies such as Bitcoin also showed price increases over the past day. However, the market over the past few weeks has remained uncertain with high volatility

August 22, 2024 2 mins read

Will Ethereum Overcome Market Struggles and Break $3000?

As new spot exchange-traded funds (ETFs) enter the U.S. market, Ethereum, the second-largest cryptocurrency by market cap, continues to grapple with substantial difficulties. Despite recent efforts to reach new price peaks, ETH has struggled to surpass the crucial $3,000 resistance level, contending with market fluctuations and waning dominance compared to

August 22, 2024 2 mins read

Solana Could Be in Trouble as $340 Million SOL Unlock Looms on the Horizon

Solana investors are concerned as they face an impending unlock of $340 million worth of SOL tokens. With that many new tokens entering circulation, investors are concerned about increased selling pressure on Solana, which could drive the price down in an already volatile market. Meanwhile, the new ETFSwap (ETFS) presale

August 22, 2024 3 mins read

Brazilian Regulator Greenlights Second Solana ETF This Month

Brazil’s Securities and Exchange Commission (CVM) has greenlit a second Solana ETF, marking a notable step for crypto investments in the region. This new fund is set to be launched by asset manager Hashdex, a Brazil-based asset manager managing over $962 million in assets, in collaboration with local investment bank

August 21, 2024 2 mins read

Can Binance Survive Another Lawsuit?

Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit filed by three crypto investors. The lawsuit alleges that the exchange failed to prevent money laundering, which, in turn, led to the plaintiffs’ inability to recover their stolen assets. The plaintiffs filed this complaint in

August 21, 2024 2 mins read

Japanese Firm Metaplanet Adds Another ¥500M Worth of Bitcoin

As part of its most recent Bitcoin investment strategy, the publicly traded Japanese company Metaplanet has acquired bitcoins valued at 500 million Japanese yen. In the wake of chief executive officer Simon Gerovich’s announcement of Metaplanet’s second Bitcoin acquisition, the stock price surged more than 13% and finished Tuesday at

August 20, 2024 1 min read