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Search Results for: ETFs

Must-Watch Top Crypto Gainers During Market Dip

The global crypto market displayed a slight dip today. Despite the U.S. SEC’s final approval for Spot Ether exchange-traded funds to commence trading on July 23, the anticipated market boost did not materialize during the Asian trading hours. Instead, Bitcoin (BTC) saw a 1.84% decline, while Ethereum (ETH) dropped by

July 23, 2024 3 mins read

Grayscale’s Massive $1B ETH Move Stirs Speculation Amid Spot ETF Launch

US spot Ethereum ETFs received approval from the SEC on Monday after leading issuers filed 424(b) forms. Grayscale issuing two of the nine spot ETFs was observed transferring ETH tokens worth $1.01 billion from its Coinbase Prime deposit onto the platform’s Hot Wallet 8 hours ago. This has led to

July 23, 2024 2 mins read

Is Bitcoin (BTC) on the Verge of a $70K Milestone?

Bitcoin bulls have had a tumultuous week, breaking the $65,000 resistance after nearly a month and reaching a 41-day high of $68,474 yesterday. This peak came just hours before US regulators approved spot Ethereum exchange-traded funds, a move expected to impact the market positively. However, Bitcoin has declined 1.46% in

July 23, 2024 2 mins read

Solana Surges to $185 Amid Investor Optimism and Political Uncertainty

On July 22, the price of Solana reached $185, its highest point in the last two months, maintaining its bullish momentum, a climb of more than 3.5% in the previous 24 hours. Investors are becoming excited about the possibility of pro-crypto candidate Donald Trump winning, as the recent gains reflects

July 23, 2024 1 min read

Michael Saylor Shares Bitcoin’s Gain Since 2020, Outpacing S&P 500

Investors are keeping a careful eye on Bitcoin’s performance as it separates from conventional markets, thanks to its recent price spike. As the United States approaches its forthcoming crypto-focused election, the crypto asset seems to have broken free from the S&P 500 and is creating quite a stir. The recent

July 22, 2024 2 mins read

Hong Kong Hits New Milestone with Bitcoin Inverse ETF Launch

Chinese capital Hong Kong announced the launch of a new ETF product on Monday. After its recent launch of spot Bitcoin and Ethereum ETFs, Hong Kong recently announced the launch of an inverse Bitcoin ETF. The capital, in the past few months, has been focusing on developing its cryptocurrency sector

July 22, 2024 2 mins read

Why Web3 Is On Track To On-board The Next Billion Users

Web3 has been a buzzword within tech circles over the past three years. This latest iteration of the internet became popular following the debut of decentralized finance (DeFi) and non-fungible tokens (NFTs) in 2021, along with more nascent digital asset niches such as real-world asset (RWA) tokenization. But despite being

July 21, 2024 5 mins read

Aave V3 Deployment on Aptos Mainnet Approved by Aave Community

Deploying Aave V3 on the Aptos Mainnet has received unanimous approval from the Aave community. This decision was taken after a community vote that ended on July 19, 2024. It is the first time the tokens will be used in a blockchain ecosystem that is not Ethereum Virtual Machine (EVM).

July 21, 2024 2 mins read