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Search Results for: crypto market

Grayscale Names Peter Mintzberg CEO Amid Bitcoin ETF Outflows

Peter Mintzberg has been named CEO of Grayscale Investments, an American asset management giant. Following Michael Sonnenshein’s departure as CEO, this hiring is seen as a watershed moment for the company. Sonnenshein oversaw the firm’s procurement of the spot Bitcoin ETF approval, and now Mintzberg is responsible for expanding the

August 16, 2024 2 mins read

Ethereum Climbs 5% Despite Major Sell-Off Preparations

As the crypto market regains momentum, attention is drawn to the upcoming US election, which will have a huge impact on digital assets. Ethereum (ETH), the second-largest cryptocurrency by market cap, has climbed more than 5% in the past 24 hours, trading above the $2,750 zone. This surge comes at

August 14, 2024 2 mins read

Memecoin Mania Tumbles as Experts Predict Significant Downfall

During the Blockchain Futuristic Conference in Toronto, Canada, a live discussion took place at the WonderFi main stage titled “Memecoins, Social Investing, and DeFi – How Retail Trading Will Continue Evolving.” Jelena Djuric, CEO of Noble and a panel speaker, expressed her skepticism about the longevity of these memecoins in

August 14, 2024 2 mins read

US Bitcoin ETFs on Track to Surpass Satoshi Nakamoto’s BTC Holdings

The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has made waves in the crypto market and the global financial markets, sweeping the community’s attention since January. The total Bitcoin held by these U.S. ETFs is on the brink of surpassing Satoshi Nakamoto’s 1.1 million BTC cache.  Bitcoin

August 14, 2024 2 mins read

Toncoin (TON) Outpaces BTC, XRP, and DOGE—What’s Next for This Rising Star

Toncoin, the native coin of The Open Network (TON) and the Telegram ecosystem, is performing better than several of its counterparts. The coin has outshone Bitcoin (BTC), Ripple-associated XRP and Dogecoin (DOGE). Amidst this development, Pawfury (PAW) is emerging as a presale project that’s capturing the attention of savvy investors.

August 13, 2024 3 mins read

PayPal’s PYUSD Stablecoin Supply on Solana Exceeds Ethereum

PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen significant expansion since its inception, with its supply on Solana now exceeding that on Ethereum.  In August 2023, PYUSD launched on Ethereum in partnership with custodian Paxos, and its initial supply grew to $230 million by the end of the year. Due to

August 13, 2024 2 mins read

U.S Spot Ethereum ETFs See $4.9M Inflows, Ending 3-day Outflow Streak

On Monday, $4.9 million poured into U.S. spot Ethereum ETFs, while the Grayscale Ethereum Trust (ETHE) witnessed its first day of trading with zero flows since converting into an ETF. After three days of negative flows, the net inflows of the nine ether ETFs was recorded, according to statistics from

August 13, 2024 1 min read
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