The post Ethereum ETFs Could Amass $1 Billion Monthly: Kraken Executive appeared first on Coinpedia Fintech News
In a recent Bloomberg interview, a Kraken executive noted that the market is trying to figure out ETF inflows suggesting around $750 million to $1 billion monthly. If inflows exceed expectations, the chances of Ethereum tapping all-time highs will increase, driving positive market sentiments. He added that Kraken’s mission is to accelerate crypto adoption through …
The post Annual US PPI Rises To 2.6% Higher Than Market Expectations appeared first on Coinpedia Fintech News
As per the latest release by The U.S. Bureau of Labor Statistics on Friday, the annual Producer Price Index (PPI) inflation in the United States rises to 2.6%, higher than market expectations of 2.3, up from 2.2% last month. Core PPI YoY also came 0.5% higher at 3.0%, much higher than 2.3% in the previous …
The post Bitcoin ETFs Record $438M Inflows Despite Bitcoin’s Dip appeared first on Coinpedia Fintech News
The Bitcoin ETFs recorded nearly $300 million in inflows on a single Monday, marking the highest buying activity since June when Bitcoin was trading above $70,000. As reported by Bloomberg, over $438 million has been poured into US ETFs in just two days. BlackRock’s IBIT ETF was the top performer with nearly $180 million in …
The post US Senate Pushes Defense Secretary To Adopt Blockchain For National Defense appeared first on Coinpedia Fintech News
The United States Senate Committee on Armed Services has taken a significant step towards integrating advanced technology into national defense. The committee has directed Secretary of Defense Lloyd Austin to investigate potential applications of blockchain technology within the military. The directive issued on July 9, focuses particularly on enhancing supply chain management and strengthening national …
The post ENS SkyRockets 13% Following Major Listing Announcement By Upbit appeared first on Coinpedia Fintech News
Ethereum Name Service (ENS) has witnessed a notable boost as it surged over 12% following a major announcement by Upbit. The news of ENS being added to Upbit’s Korean won trading market has sparked significant interest in the token. The move is anticipated to greatly enhance the token’s liquidity and make it more accessible to …
The post Grayscale Announces Distribution Date for Grayscale Ethereum Mini Trust appeared first on Coinpedia Fintech News
The record date for the first issuance and distribution of shares of its new Grayscale Ethereum Mini Trust has been revealed by Grayscale, set to happen on the 18th of July, 2024. This Initial Distribution will allow each ETHE shareholder to receive shares of the ETH Trust in proportion to their ETHE holdings. ETHE will …
The post Rapper Doja Cat’s X Account Hacked To Promote DOJA Memecoin appeared first on Coinpedia Fintech News
American rapper and singer Doja Cat’s Twitter account was hacked to promote a Solana-based meme coin, after which she quickly announced to her 24 million followers on Instagram that she was not responsible for the posts. The Doja Cat account began tweeting crypto content at 7:15 pm ET on Monday, with the first post linking …
The post 3000 Bitcoins Sent Back To German Government By Exchanges appeared first on Coinpedia Fintech News
After the German government transferred more than 10,000 Bitcoins to exchanges and market makers on Monday, nearly 3000 Bitcoins worth $163 million were sent back later in the day. Germany had received 2,898 bitcoins, about $163 million, primarily from Coinbase, Kraken and Bitstamp. The exchanges most likely sent the bitcoin back to Germany after they …
The post Whale Deposits 200,000 BNB to Binance: $103 Million Transaction appeared first on Coinpedia Fintech News
A major whale, known as capybara_bnb, deposited 200,000 BNB to Binance at 18:16 UTC+8 today, according to BscScan. The deposit, valued at approximately $103 million, is a significant movement of funds in the Binance ecosystem. Despite this large transaction, capybara_bnb still holds a substantial balance of 204,609,000 BNB, worth around $105 million. This activity has …
The post Bitcoin Reclaims $57K Mark with Strong Intraday Performance appeared first on Coinpedia Fintech News
Bitcoin has made a significant recovery, currently trading at $57,772 with an impressive intraday jump of 3.47%. This surge highlights a strong performance as Bitcoin reclaims the crucial $57,000 mark. During the first half of Asian trading hours, Bitcoin’s open interest (OI) rose to $27.77 billion. Despite this positive movement, the market saw $153 million …
The post The German Criminal Police Office (BKA) Has Distributed Around 8,000 BTCs Since 19th June! appeared first on Coinpedia Fintech News
In January of this year, the German Criminal Police Office (BKA) reportedly seized 50,000 Bitcoins from the illegal streaming platform, Movie2K. The government held the seized holding for around 6 months. However, since 19th June, the government has distributed around 8,000 BTCs, resulting in their holding dropping to 42K from 50K. Presently, the value of …
The post Major Events Upcoming For The Crypto Community This Week : appeared first on Coinpedia Fintech News
This week is set for some major events for the crypto community, as investors eagerly await spot ETH ETF approvals. Further in this week, the US House is likely to vote to overturn the SAB 121 veto. In May, the Biden administration decided to veto the decision by lawmakers to repeal the SAB 121 laws. …
The post Netmarble Migrates MARBLEX and Three IP Games to Immutable zkEVM appeared first on Coinpedia Fintech News
Netmarble, a South Korean listed game publisher, migrated its game platform MARBLEX and three IP games to Immutable zkEVM. The total number of well-funded games built on Immutable has reached more than 380, with nearly 2 million active users. The number of Immutable Passport wallet registrations reached 1 million in June. MARBLEX migration to Immutable …
The post Vitalik Buterin Transfers 100ETH To A Multisig Contract appeared first on Coinpedia Fintech News
Ethereum co-founder Vitalik Buterin transferred 100 ETH worth about $300,000 to the multi-signature contract: 0x82…a9FE at 19:44 UTC+8 today, which is supposed to be a donation to 2077 Collective. 2077 Collective is a group of community-driven and passionate Ethernauts, who believe that Crypto has the potential to give people across the world unprecedented levels of …
The post Terra Luna Classic Staking Ratio Surges To 15% With Over 1T LUNC Staked appeared first on Coinpedia Fintech News
According to the latest data from Terra Classic Foundation, over 1.017 trillion LUNC has been staked on the network. At the current price, this Terra Luna Classic staked reserve is valued at $70.15 million. Moreover, the staking ratio has now surged to a high of 15.01%. Binance had earlier and burned 1.7 billion LUNC tokens …
The post Binance Accused Of Unauthorized Transactions By Central Bank Of Nigeria appeared first on Coinpedia Fintech News
The Central Bank of Nigeria (CBN) alleges that Binance performed banking services without proper authorization. The Nigerian government has accused Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, of conspiring to obscure the origins of $35.4 million in financial proceeds from illegal activities in Nigeria. It was also stated that Binance’s website misled Nigerians …
The post Bitfinex To Refund Investors in Failed Hilton Hotel Venture appeared first on Coinpedia Fintech News
Bitfinex Securities has said that it would refund investors of its Hilton hotel venture at El Salvador’s international airport after it failed to attract the $500,000 minimum funding needed to continue. The project only gathered $342,000 from investors before the first deadline i.e. barely 5% of the $6.25 million it was looking to raise. Bitfinex …
The post Shytoshi Kusama’s Rare Public Appearance at IVS 2024 in Japan appeared first on Coinpedia Fintech News
The pseudonymous leader of Shiba Inu, Shytoshi Kusama, made a rare public appearance at the 2024 Infinity Venture Summit in Kyoto, Japan. Kusama met with Kazuichi Kumagai, a member of the Miyagi Prefectural Assembly in Japan, wearing a mask. He had previously revealed his arrival in Japan on Tuesday, stating his intention to engage with …
The post German Government Receives Back 1,915 BTC from Exchanges appeared first on Coinpedia Fintech News
In the latest development, the German Government received back 1,915 BTC, valued at $111.5 million, from addresses linked to Kraken, Bitstamp, and Coinbase exchanges last night. This morning, they moved 1,047.4 BTC out of their wallets. Out Of this, 547.4 BTC, valued at $30.1 million, went to Flow Traders. Another 500 BTC, worth $27.1 million, …
The post Ex-Goldman Sachs Analyst Labels Cardano And XRP ‘Cult Meme Coins’ appeared first on Coinpedia Fintech News
A former Goldman Sachs analyst has criticized two prominent cryptos, Cardano and XRP, as he labeled both the altcoins as cult meme coins, sparking heated debate within the crypto community. In a previous X post, he had implied that they have no intrinsic value and their price was driven more by community hype. In a …
The post Binance’s Major Updates On Futures Trading & ASI Token Merger appeared first on Coinpedia Fintech News
Binance, in its recent announcement, promises to enhance futures trading and introduce a significant token merger. This week, Binance introduced a ‘Trailing Down’ feature for its futures grid trading bot allowing the bot to adjust lower limits automatically with falling prices, offering users a more dynamic trading tool. Binance also announced the completion of a …
The post Shiba Inu Plummets 15% Following Whales Leaving The Market appeared first on Coinpedia Fintech News
Shiba Inu is in a complicated state as SHIB has dropped to $0.00001329 and large SHIB transactions have decreased dramatically, suggesting that significant holders are leaving the market. The overall negative sentiment is a result of the withdrawal of funds from the market. The In the Money metric suggests that the majority of SHIB holders …
The post Peter Schiff Warns Mass Bitcoin ETF Sell-Off If Price Dips Below $38K appeared first on Coinpedia Fintech News
Peter Schiff has yet again expressed his doubtfulness over Bitcoin’s future, with his focus on Bitcoin ETFs this time, where he predicts a potential large-scale sell-off that could destabilize the market further. Schiff’s warning comes at a time when Bitcoin is experiencing significant fluctuations. With Bitcoin trading around $54,000, he estimates that over 70% of …
The post Bitcoin Plummets Below $55,000 Amid Massive Liquidations appeared first on Coinpedia Fintech News
Bitcoin’s price has fallen below the $55,000 mark for the first time since February, marking a dramatic decline of 13% within just four hours. The leading cryptocurrency experienced an intraday fall of 4.46%, signaling significant market volatility. The broader crypto market also faced substantial long liquidations over the past two days, totaling $697 million. Bitcoin …
The post Rapid Whale Sell-off With Mt. Gox Release Plunges Bitcoins Under $60K appeared first on Coinpedia Fintech News
Bitcoin’s price has fallen below the critical $60,000 mark, dropping 3% last night. This marks the third consecutive bearish day, contributing to a 6% decline this week. Currently, Bitcoin is testing the 200-day EMA and trades at $58,893. In a notable development, a whale has deposited 1,800 BTC ($106 million) to Binance at a loss …
The post Solana Meme Coin MEW’s Cat Character To Feature On TON appeared first on Coinpedia Fintech News
Web3 gaming ecosystem Pixelverse is all set to add MEW to its real-time game rooster. MEW will be the first Solana-based meme coin to be featured on TON. The CEO of PixelVerse stated that Pixelverse isn’t just about creating a game and that they’re building a retail-friendly brand that captures audience attention and onboards millions …
The post Federal Reserve Chair’s Crucial Message for Crypto Markets appeared first on Coinpedia Fintech News
Federal Reserve Chair Jerome Powell said that the Federal Reserve has achieved ‘quite a bit of progress’ in its ongoing struggle with inflation while stressing the need for further evidence of sustained progress before considering any reduction in interest rates. The comments come at a time when markets keep a close eye on the Fed …
The post Fidelity & Signum Partner With Chainlink For Tokenized Asset Data appeared first on Coinpedia Fintech News
Fidelity and Signum announce a new partnership with Chainlink to transform tokenized asset data by integrating Net Asset Value data on chain. The innovative move aims to enhance transparency and real-time data access in the digital space. With Chainlink’s technology, NAV data can be securely and accurately updated on-chain and across both public and private …
The post Shiba Inu Hints at Upcoming SHIB Burn appeared first on Coinpedia Fintech News
Shiba Inu’s marketing lead shared an exciting update that she is cooking something special with Shibacals, a project focused on leveraging blockchain to authenticate physical collectibles. She has asked the Shiba Inu community members to get ready for some SHIB burn. The statement spurred enthusiasm amongst the community who inquired whether the project would lead …
The post Roaring Kitty Acquires 9M CHWY Shares, CHWY Sees 22% Surge appeared first on Coinpedia Fintech News
Roaring Kitty has acquired a massive 6.6% stake in Chewy Inc., a prominent pet products retailer listed on NYSE as it acquired a whopping 9.01 million CHWY shares. This caused a notable 22% surge in Chewy’s shares during premarket trading. This acquisition worth over $245 million places Roaring Kitty as one of the largest shareholders …