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Search Results for: ETFs

Grayscale Ethereum ETF Outflows Near $2.3 Billion

While the global crypto market turned to recovery, Ethereum exchange-traded funds (ETFs) in the United States displayed notable activity. On Wednesday, BlackRock’s fund saw a significant net inflow of around $110 million, contributing to a positive trend for Ethereum ETFs. For two consecutive days, U.S.-based spot Ether ETFs have recorded

August 7, 2024 2 mins read

Why Is the Bitcoin Price Down Today? Traders Flock to Ethereum’s Dexs Aave and Rcof

Traders wonder why Bitcoin (BTC) crashed during the week after reclaiming the $70,000 region. As experts investigate BTC’s dip, investors gravitate towards Ethereum decentralized exchange platforms Aave (AAVE) and RCO Finance (RCOF), which exude a promising outlook. Let’s find out why the price of BTC is down and why traders

August 7, 2024 4 mins read

Ethereum (ETH) Staking Hits Record High Amid Recent Market Decline

The percentage of supply staked ETH hit a record high of 27.95%. This follows a little decline two weeks earlier, on July 21, when it fell from 27.58% to 26.82%—a decline of 0.76%. Not only has it recovered since then, but it has also exceeded its prior records. Significantly, there

August 7, 2024 1 min read

Donald Trump’s Odds Of Winning US Presidential Elections Skyrocket, Will Crypto Follow?

Recent developments in the upcoming US presidential elections, such as the assassination attempt on Donald Trump and Biden’s stepping down from the presidential race, have supposedly increased the odds of Donald Trump winning.  Amid optimism about bullish crypto market trends, ETFSwap (ETFS) has swept market attention with its innovative solution

August 5, 2024 4 mins read

Bitcoin Miner Marathon Digital Reports $199.7 Million Q2 Loss

Unexpected equipment failure and the bitcoin halving event in April were the key factors that affected Marathon Digital’s operations, leading to larger losses in the second quarter of this year. This year’s second quarter had a net loss of $199.7 million for Marathon, which was renamed as MARA not long

August 2, 2024 1 min read

Ethereum Smart Money Wallet Accumulates ETH Amid Price Dips

Leading altcoin, Ethereum experienced the spotlight with the launch of its spot ETH ETFs in July. The token was expected to rally with price breakouts, but contrary to market expectations, ETH did not show notable surges. In the last 24 hours, a smart money wallet, known for its 100% win

August 2, 2024 2 mins read

Can Solana (SOL) Expect a Revival Soon Midst the Uncertainty? 

The crypto market seems littered after the Fed’s decision, resulting in increased volatility. Bitcoin and Ethereum have declined and slipped to their previous lows. Notably, Solana also stepped into bearish momentum after its brief upward breakout.  SOL exhibited over -3% price decline in the past day, causing the token to

August 2, 2024 2 mins read

Montenegro Court Rules to Finally Extradite Do Kwon to South Korea

Terraform Labs’ co-founder, Do Kwon, is about to be extradited to South Korea. A chain reaction of court disputes and opposing extradition demands from the US and South Korea led to this latest turn of events. Now that the Montenegro Appellate Court has given its verdict, Kwon may go back

August 2, 2024 2 mins read

Ark Invest Sells $2.7M Worth Coinbase Shares Ahead of Q2 Results

Ark Invest, which is headed by Cathie Wood, has sold off a substantial number of Coinbase (COIN) shares just before the cryptocurrency exchange reports its Q2 results. The recent sale of more than 12,000 COIN shares, according to data made public today, has sparked fears of a potential price decline

August 1, 2024 2 mins read