Global crypto funds managed by asset giants such as BlackRock, Bitwise, Fidelity, Grayscale, and ProShares experienced net inflows of $407 million last week, according to CoinShares. This marked a sharp reversal from $147 million in outflows the previous week. The inflows were primarily driven by U.S.-based funds, which contributed $406
The overall crypto market is currently striving to get its bullish hold after a brief downturn. The market cap has spiked over 2.40% to $2.25 trillion and trading volume has surged by 45.73%. Recently, the potential rise of meme coins observed in the market has gained attention within the market.
Cryptocurrency has countless opportunities for earning passive income in 2024. With staking becoming a popular alternative to mining, investors are looking for crypto staking platforms that simplify the process and give the best rewards. STAKING AI, a leading infrastructure operator for PoS blockchains stands out in this space. With liquid
The cryptocurrency market is attempting to recover from the downside trajectory. Overall market cap has reached $2.24 trillion within the past 24 hours. The recent price momentum of Bitcoin (BTC) suggests the brief possibility of further gains. After dipping below the major support levels, BTC has moderately rebounded in the
SUI, the native cryptocurrency of the Sui Network, a leading layer-1 blockchain, has reached a new all-time high of $2.36, according to recent data from CMC. The surge occurred during early Asian trading hours, pushing the token beyond its previous high of $2.26, which was recorded two days earlier on
South Korea’s financial regulator is moving closer to approving spot crypto exchange-traded funds (ETFs) and corporate crypto accounts, with discussions set to accelerate following the establishment of a new Virtual Assets Committee. The committee, which was officially announced on October 13, is expected to play a key role in shaping
A crypto whale recently fell victim to a phishing scam, losing nearly 15,079 Few Wrapped Duo ETH (fwDETH), worth $35 million on the Blast network. The attack occurred after the victim signed unknowingly a fraudulent “permit” signature, which allowed the attacker to drain funds from the wallet. The targeted whale
The altcoin market has shown mixed signals from the start of the week. Ethereum (ETH), the largest altcoin, is grappling to sustain itself in the $2.5K mark. The asset’s price has been caught between the key support and resistance levels. Notably, ETH witnessed several price dips in the past few
Bitnomial, a Chicago-based cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The filing challenged the assertion of the SEC that XRP futures should be classified as “Security Futures.” Bitnomial’s lawsuit is the second case filed against the SEC this week. Crypto.com, a digital
South Korea’s Financial Services Commission (FSC) is reconsidering the possibility of lifting its long-term ban on spot exchange-traded funds (ETFs). It further allows institutional accounts on local crypto exchanges. The Virtual Asset Committee will evaluate approving the virtual asset spot ETFs and allowing the corporate virtual asset accounts. Since 2018,
