The crypto market made a significant move overnight, surging 11% to reclaim the $2 trillion level, now standing at $2.105T. Bitcoin led the charge, crossing $61K once again, reflecting renewed investor confidence. At the same time, U.S. Bitcoin ETFs made headlines by acquiring 3,376 BTC—an impressive feat given that only 450 Bitcoins are mined daily. …
WazirX has announced plans to undo all trades that occurred following its withdrawal freeze on July 18. “All users will have their portfolio balances on the WazirX platform restored to what they were on 18 July, 2024, 1 p.m. IST,” the exchange wrote. The action will be conducted over the next few days. It added …
According to a Bloomberg report, the boss of Japan’s Financial Services Agency (FSA) said that “cautious consideration” needs to be given to the decision of approving crypto-related ETFs. The FSA Commissioner stated that many people believe crypto assets do not necessarily contribute to the wealth creation of the Japanese people in a stable and long-term …
Cathie Wood’s Ark Invest has purchased another $2.4 million worth of Robinhood amid positive Q2 2024 earnings. It has bought 145,420 HOOD shares adding to its previous holdings. The wealth manager continues to acquire more of the crypto stock like yesterday. The repositioning of holdings follows a growing uptick in most crypto stocks. On Aug …
A crypto educator and influencer account on X has alerted that “China is Dumping ETH”. As per data from lookonchain, possibly 789,533 ETH worth $2 billion, is being transferred from dormant wallets inactive for 3.3 years. Notably, these funds are coming from the Plus Token Ponzi 2. Chinese police had seized $4.2 billion worth of …
Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying token SOL, recovered from losses from earlier in the week. Cat-themed pop cat (POPCAT) and dogwifhat (WIF) surged as much as 25%, before slightly retreating, while MUMU and cat dog (CATDOG) …
ARK Invest took advantage of Monday’s massive market slump to make its first purchases of Coinbase and Robinhood shares in months. Cathie Wood’s investment management firm bought $17.8 million of COIN, its first purchase of the stock since June 6, 2023, when it bought $21.6 million worth. ARK also added $11.2 million of Robinhood shares. …
The spot ether ETFs recorded net inflows of nearly $49 million on Monday amidst a 20% drop in its price, indicating strong demand. A broader crypto market haircut contributed to the selling pressure, with over $340 million in ETH futures liquidations. While professional investors bought the dip, ETH ETFs traded over $715 million, the highest …
The crypto market’s turbulence has intensified, with Bitcoin plummeting to $54,000, marking a 7.31% intraday drop and a 17% decline over four days. This sharp descent has pushed BTC below its 200-day EMA, with a downtick in the 50-day EMA signaling a looming death cross. Ethereum has also faced significant losses, falling to $2,350, a …
Crypto exchange Bybit will be withdrawing its services from France in response to regulations in the country. From Aug. 2, French users will no longer be able to purchase any products from Bybit or add to their positions. All deposits to French user’s accounts will also be restricted. In May, France’s financial regulator, Autorité des …
Ripple CTO David Schwartz recently took a stand against scammers attempting to deceive users on social media. Amid the buzz created by the Coinbase-centered discussion on X, some scammers wishing to capitalize on the moment took the chance to make their suggestions in the fake comments. The scammers suggested contacting Coinbase email support to resolve …
Shiba Inu has experienced a staggering 625% surge in large holder inflows, signaling a wave of bullish sentiment among large players. Large Holders Inflow tracks the funds going into whale-owned addresses and may indicate significant buying activity. This might be because many of these addresses buy on centralized exchanges and transfer their purchases to cold …
Peter Brandt shared an alarming forecast for XRP, emphasizing a potential decline against Bitcoin. Specifically, he identified a multi-year complex head-and-shoulders pattern forming on the XRP/BTC chart. He said that if the chart breaks the ‘neck,’ or lower support line in other words, it could signal a 97.5% drop, which is significant, which will cause …
RippleX has announced that OpenEden will introduce tokenized U.S. Treasury bills (T-bills), a short-term government debt obligation backed by the U.S. Department of the Treasury, to the XRPL and its users for the first time. In the wake of this huge development, the XRP community has been issued an alert, as scammers might leverage the …
Futu Securities International, the leading online brokerage in Hong Kong, has introduced retail crypto trading services in the city. This strategic initiative is part of a broader effort to attract more investors amid a crypto bull market. It also incentivizes the opportunity with Nvidia and Alibaba stock rewards. Futu’s announcement on Thursday, August 1, revealed …
Ark Invest has offloaded another 12,077 Coinbase shares on Wednesday, worth $2.7 million. ARK’s latest Coinbase dump follows ARKW’s recent sale of 16,758 COIN shares on July 19. At the time of the sale, the transaction netted $4.3 million, with COIN trading at around $257. Ark’s investment strategy generally aims to avoid individual holdings taking …
Spot Ether ETFs could amass as much as $10 billion in assets under management within their first year of trading said Katalin Tischhauser, Head of Investment Research at Sygnum Bank and a former executive at Goldman Sachs. She predicted that Bitcoin ETF inflows would be in the $30 billion to $50 billion range for the …
WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges are going to be crucial, as it remains open to everything possible to help solve this situation. WazirX is effectively closed after the exchange stopped trading and withdrawals after the hack on July 18. The co-founder said that they are trying everything and …
Anthony Pompliano, CEO of Professional Capital, predicts that the United States will include Bitcoin in its balance sheet or strategic reserves in the next 10 to 15 years, but the key lies in how active the United States is. He pointed out that Bitcoin could serve as a strategic asset for the country. Pompliano also …
In the latest development, Ripple has announced a new tie-up with Fenasbac to promote fintech opportunities in Brazil with the help of the Next accelerator program. Ripple picked Brazil as its first company for targeted investment, pointing to the country’s crypto-friendly regulatory environment and a strong community of developers. Next is the largest startup acceleration …
The cryptocurrency market has dropped from $2.40 Trillion to $2.36 Trillion within the past 24 hours, a correction of 1%. Notably, Bitcoin has recorded a loss of 1.17% within the past day with a trading volume of $28.01 Billion. Moreover, its dominance has dropped 0.7%, from 55.5% to 54.8% this week. Further, the Ethereum token …
According to whale tracking platform Lookonchain, a significant whale, identified as “12QVsf,” has withdrawn a substantial amount of Bitcoin from major exchanges, likely accumulating amidst an anticipation of higher prices ahead. It withdrew a total of 4,500 BTC, valued at approximately $302 million, from Binance within the last 22 hours. The whale “12QVsf” currently holds …
On Tuesday, July 30, Vice President Kamala Harris announced a staggering $50 million advertising push ahead of the Democratic National Convention (DNC). This marks the first significant ad campaign since Harris emerged as the likely Democratic nominee for the 2024 presidential election. The campaign fired back at former President Donald Trump’s 30-second ad that aimed …
The cryptocurrency market has recorded a strong bullish recovery over the past weekend by adding over $50 Billion to its valuation, from $2.42 Trillion to $2.47 Trillion. Following this, the market leader, Bitcoin price has gained 3.47% within the past 24 hours with a trading volume of $21.323 Billion. Notably, Bitcoin’s dominance in the market …
The post “The Next SEC Chair Must Be Named Before US Election”: Gemini Co-Founder appeared first on Coinpedia Fintech News
According to Tyler Winklevoss, the US government must ‘take action’ to inform the cryptocurrency industry, who will be leading the securities watchdog ahead of the US election. “We should demand to know, among other things, who the next chair of the SEC is before we head to the ballot box,” Winklevoss stated in a lengthy …
The post Ethereum ETF Experiences A Significant Outflow Despite Increased Inflows! appeared first on Coinpedia Fintech News
On 26th July, 5 out of 9 ETH ETFs recorded a positive inflow, with Blackrock’s “ETHA” recording the highest inflow with $87.2 Million, followed by Grayscale’s “ETH” with $44.9 Million, and Fidelity’s “FETH” with $39.3 Million. Bitwise and Franklin recorded an inflow of $16 Million and $6.2 Million. Notably, 21 Shares, Invesco, and VanEck have …
The post Marathon Digital Acquires $100M BTC, Declares Shift To HODL Strategy appeared first on Coinpedia Fintech News
In a significant move, Marathon Digital has announced a $100 million Bitcoin purchase, bringing its total holdings to over 20,000 BTC. The company has also declared a shift to a full HODL (Hold On for Dear Life) strategy for its Bitcoin treasury policy, effective immediately. Under this new approach, they will retain all Bitcoin mined …
The post Over 358,000 BTCs Transered In Permanent Accounts, Indicates Increasing Accumulation! appeared first on Coinpedia Fintech News
Notably, in a span of 30 days, over 358,000 Bitcoins (BTC) worth over $23 Billion have been shifted to permanent holder addresses. The recent buying spree has surpassed the previous accumulation periods during the past bull markets. With the price of Bitcoin hitting its all-time high (ATH) of $73,750.07 on 04th March this year, highlights …
The post Crypto ETFs Face $150.6M Outflow Despite Key Inflows appeared first on Coinpedia Fintech News
Crypto ETFs experienced significant movements, with Fidelity’s FETH gaining $74 million and the other five ETH ETFs sustaining positive inflows amounting to almost $100 million. However, Grayscale also reported a substantial $320 million outflow, leading to a total daily net outflow of $150.6 million. The cumulative net inflow stands at—$43.82 million. Total net assets in …
The post Swiss Banks Step In To Offer Innovative Solutions For Crypto Payments appeared first on Coinpedia Fintech News
Swiss banks are stepping in to offer innovative solutions for real-time crypto payments. Swiss banking giants, particularly AMINA Bank AG and Sygnum Bank AG, have recently introduced real-time payment and settlement systems. These initiatives aim to address the market’s struggles following the failures of the Silvergate Exchange Network (SEN) and Signature Bank’s Signet platform. Their …