To improve transparency regarding Ethereum reserves supporting the 21Shares Core Ethereum ETF (CETH), 21Shares U.S. LLC, an affiliate of 21Shares AG, has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet. This also affirms CETH as a legitimate holder of Ether. 21Shares selected Chainlink as its decentralized computing platform because
US-based ETF giant BlackRock recently announced that there has been a notable rise in scammers targeting its ETF investors. The asset management firm has issued several ETP products including a spot Bitcoin ETF and a spot Ethereum ETF, launched in 2024. Notably, the asset management firm announced in its X
The Bitcoin Conference 2024 having drawn to an end in Nashville witnessed the participation of several prominent personalities within the sector and government leaders. Presidential candidate Donald Trump spoke at the conference expressing his persistent support for cryptocurrency. Meanwhile, the sector has witnessed Bitcoin and other altcoins showing considerable upward
Elon Musk has always supported cryptocurrency and is especially connected with Dogecoin (DOGE); however, recently, he informed the public about his takeover of the US economy and subtly implied something negative about it. While his comments often lead to spikes in Dogecoin’s value, this latest forecast has raised questions about
In spite of the market’s general downturn, Solana has maintained its upward pricing trend. Solana reached a major milestone last week when its value surged enough to overtake Binance Coin (BNB) in terms of market capitalization. For over 24 hours, BNB Chain and Solana have been engaged in a violent
In the fast-evolving world of cryptocurrencies, significant shifts are noticeable. Shiba Inu whales are reallocating their resources towards newer coins, seeking broader gains. At the same time, Uniswap’s valuation is climbing, solidifying its stance as a leading decentralized exchange while newer platforms like ETFSwap (ETFS) begin to draw interest from
The second leading altcoin, Solana has witnessed bullish trends over the past few weeks. In the last 24 hours, the token caught market attention by flipping its competitor BNB token in market cap. This new milestone for SOL occurs amid the token’s surpassing its previous resistance levels. Meanwhile, other leading
The Grayscale Ethereum Trust ETF (ETHE) has hit a record net outflow of $1.514 billion, which is a startling trend in the crypto market. The entire result is bolstered by a notable net outflow of $356 million on July 26, which highlights this development. Data from SoSoValue shows that Spot
Independent presidential candidate Robert F. Kennedy Jr. highlighted the potential benefits of Bitcoin for the U.S. economy during his address at the Bitcoin2024 event on July 26. He outlined several executive orders he planned to sign on his first day in office, aimed at integrating Bitcoin into the national economic
The crypto community was anticipating today’s Core PCE inflation report with much anticipation. Inflation dipped to 2.5% in June from 2.6% in May, as reported most recently. Importantly, it has also been consistent with what the market was expecting, while June’s core inflation rate was flat. After cooling to 2.6%
