Chainlink Data Streams now live on Avalanche with GMX V2, enhancing DeFi speed and security for the whole AVAX-based ecosystem.
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The likely victorious Labour party has taken no stance on digital assets. This needs to change quickly, writes Laura Navaratnam of the Crypto Council for Innovation.
The recent developments surrounding Ethereum and Solana Exchange-Traded Funds (ETFs) have raised significant concerns about their potential impact on these proof-of-stake (PoS) networks. The removal of staking provisions from ETF applications to appease regulatory requirements creates a paradoxical situation that could potentially harm the very networks these investment vehicles aim to represent. At the core […]
The post If spot ETFs for proof-of-stake chains launch without staking we could go backwards appeared first on CryptoSlate.
Bitcoin is struggling to shake off weakness, judging by its performance in the last few trading days. After the dump on June 24, the overall sentiment has been bearish, and sellers will likely double down, wiping gains posted in the last two days. As things stand, the sale of 4,000 BTC by the United States government is a dent for buyers. It comes hours after the German government dumped thousands of BTC early this week, forcing prices to lower. Bitcoin Trending At Oversold Territory One analyst is upbeat even amid this sense of unease across the crypto and Bitcoin markets. Citing formation in the RSI indicator, a tool for gauging momentum, the analyst is convinced prices could recover strongly going forward. Bitcoin is at its lowest overbought level in over 300 days at spot rates. This formation echoes a similar situation in 2023 when prices were stuck below $30,000. Once BTC swung to the oversold territory, prices rebounded strongly, breaking above $50,000 and reaching an all-time high in the coming months through March 2024. Related Reading: Solana Trading Plunges 93% In 24 Hours: Where Did The $100 Billion Go? Thus far, Bitcoin finds itself in the oversold territory after consolidating for roughly three months after peaking in March 2024. Then prices shot to as high as $73,800 before dumping sharply, reaching $56,500 by May 2024. Though prices have recovered, finding another ceiling at $72,000, the path of least resistance in the short term is bearish. Bitcoin is testing its horizontal range’s lower boundary for the fifth time since March. For bulls to take charge, prices must hold above the $56,500 and $60,000 zones for the bullish bias to remain. However, a confirmed breakdown below the range low might see BTC crater dropping to as low as $50,000-$52. Will BTC Bounce Higher? Capital Flow To Spot ETFs Another analyst also expects prices to recover, emphasizing the importance of the bull market support band. Sharing on X, the analyst said this support band has served as a reliable loading zone in the past bull cycle. Related Reading: Cardano (ADA) Faces Further Decline, $0.3389 Support Under Threat Its successful defense in January 2024 offers a positive precedent. With BTC at the same level, the probability of a refreshing bounce is high on the cards, providing a glimmer of hope. Despite the recent price decline and days, if not weeks, of outflows, interest in spot Bitcoin exchange-traded funds (ETFs) is increasing. On June 26, there was $21.5 million into these products. Out of this, Fidelity and Grayscale saw inflows, according to SosoValue data. Feature image from DALLE, chart from TradingView
Onchain Highlights DEFINITION: Skew is the relative richness of put vs call options, expressed in terms of Implied Volatility (IV). For options with a specific expiry, 25 Delta Skew refers to puts with a delta of -25% and calls with a delta of 25% to demonstrate this difference in the market’s perception of implied volatility. […]
The post Bitcoin’s options 25 delta skew signals ongoing market anxiety near $60,000 appeared first on CryptoSlate.
The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.
Many crypto users are calling on CNN moderators Jake Tapper and Dana Bash to ask the two candidates at least one question related to digital assets.
Bitcoin bulls seek a more convincing BTC price rebound as ask liquidity sits piled high between spot and $70,000.
The U.S. Supreme Court ruled Thursday to strip the U.S. Securities and Exchange Commission (SEC) of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial.
VanEck files for the first US Solana ETF, driving SOL prices up nearly 10% as the market reacts positively.
The post Solana jumps almost 10% as VanEck files for first US Solana ETF appeared first on Crypto Briefing.
Ten years from now, decentralized organizations will be the new leading class, with the FAANGs of the world as specialized service providers. Who will lead distribution is even more intriguing, says Alex Felix, Co-Founder and Chief Investment Officer of CoinFund.
Daniel Andrade, co-founder of Hotspotty, was deep in the DePIN space before it had a name. More than an incremental innovation for crypto, he sees it as a fundamental shift in how we manage everything from wireless networks to energy grids.
The Cardano Foundation has outlined a detailed framework for governance reform coinciding with the forthcoming Chang hard fork. This strategic move signifies a major shift towards a decentralized governance structure within the blockchain ecosystem, intended to distribute decision-making power more equitably among its stakeholders. The Cardano blockchain, known for its scientific approach to development and […]
State Street Global Advisors, a subsidiary of the third-largest ETF issuer State Street, has joined the growing trend of traditional financial institutions exploring crypto ETFs. In a June 26 statement, the firm said it was teaming up with crypto investment firm Galaxy Digital to introduce new crypto ETFs extending beyond the flagship digital asset, Bitcoin. […]
The post State Street and Galaxy Digital launch crypto ETFs aimed beyond Bitcoin appeared first on CryptoSlate.
Sean Carey, the co-founder of Helium, says decentralized physical infrastructure (DePIN) can solve real problems while rewarding users. This is what he expects to see in the future.
Coinbase treated women’s sports fans to a comparatively sober night out.
The post Ripple Explores New Horizons with RLUSD Stablecoin and Potential XRP ETF appeared first on Coinpedia Fintech News
Ripple’s President Monica Long, in an interview with Frank Chaparro on ‘The Scoop’, elaborated on the company’s plans to launch a US dollar stablecoin, RLUSD, and also discussed the potential for an XRP ETF. This follows a significant regulatory clarity gained from the US Courts last July concerning XRP’s status, not as a security but …
The post The Real Reason Why VanEck Filed the First Solana ETF in the U.S. appeared first on Coinpedia Fintech News
Amid the ongoing mass adoption of digital assets led by institutional investors, VanEck, one of the issuers of spot Bitcoin ETFs, has filed the first Solana (SOL) exchange-traded fund (ETF) in the United States. According to Matthew Sigel, the head of digital assets research at VanEck US, the firm filed a Solana ETF with the …
For fans of crypto, ETFs, or both, the potential spot ether ETF launch has carried on the excitement that began earlier this year with the spot bitcoin ETF launch.
VanEck has filed plans with the US Securities and Exchange Commission to create a spot Solana exchange-traded fund (ETF). If approved, the VanEck Solana Trust will reflect the performance of the price of the blockchain network’s native SOL token. However, the filing stated that the Trust has no plans to stake the SOL tokens for […]
The post VanEck files for spot Solana ETF but will it gain approval? appeared first on CryptoSlate.
Zeta Markets begins its $ZEX token generation and airdrop, offering governance and staking benefits to its community.
The post Zeta Markets airdrops ZEX token, price leaps 132% appeared first on Crypto Briefing.
A research firm Coinbase contracted is suing the U.S. Securities and Exchange Commission (SEC) and a federal banking agency, accusing them on Thursday of failing to produce documents under open-records laws that would shed light on the regulators' views on cryptocurrencies.
The Bitcoin price is in a decline once more, after seeing some recovery on Wednesday due to the turnaround in the Spot Bitcoin ETFs net flows. However, just one day later, it seems the pioneer cryptocurrency has resumed the downtrend and this decline after the recovery has begun a worrying trend. So, what are the factors that are driving this decline? Bitcoin Price Suffers From Sell-Offs One of the major factors that have been behind the Bitcoin decline is the major sell-offs that have rocked the digital asset. These sell-offs are not just from any investor, but rather large BTC sells being orchestrated by large governments. Related Reading: Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React? One of the major news that rocked the space was the fact that the German government had begun selling coins. In total, the German government sold around 2,786 BTC, which was worth around $$140 million at the time of the sale. However, the German government is not the only one that has been selling. News also broke that the US government had begun moving Bitcoin seized from the Silk Road bust once again. On-chain data aggregator Arkham reported that the US government had moved almost 4,000 BTC from its wallets to the Coinbase exchange. In total, the US government moved 3,940 BTC to the exchange, which amounted to $241.22 million at the time of the transaction. This transfer is worrying as coins are usually moved to centralized exchanges such as Coinbase for sale as these trading platforms possess deeper liquidity compared to their decentralized counterparts. Has BTC Reached Its Bottom? While the downtrend looks to have resumed, there are signs that point to the bottom being closed. One of these signs is the return of demand into the market. For example, the Spot Bitcoin ETFs had seen seven consecutive days of outflows, which eventually turned around on Tuesday. Data from Coinglass shows that between Tuesday and Wednesday, inflows into the Spot Bitcoin ETFs have crossed $50 million, ending the brutal week of outflows. Related Reading: Triangle Formation That Sparked The 2017 XRP Rally Returns, What’s The Target? Another possible tell is the profit and loss margin for investors. This shows how many Bitcoin investors are currently seeing profit, and the higher the profitability, the higher the likelihood of a sell-off as investors take profit from their positions. However, the profitability levels have dropped, meaning that investors are less likely to sell their holdings as they wait for better prices. This often gives demand time to build up and create a possible bounce point for a recovery. For now, the Bitcoin price is holding steady at the $61,000 support at the time of writing. But if sell-offs resume, then the pioneer cryptocurrency could fall to the $60,000 level soon. Featured image created with Dall.E, chart from Tradingview.com
Stablecoin payment platform BVNK has introduced Layer1, a self-custody digital asset infrastructure, according to a June 27 statement shared with CryptoSlate. This platform helps businesses launch stablecoin payments quickly and securely, ensuring control and privacy over their digital assets. Layer1 BVNK aims to streamline blockchain payments through its Layer1 solution. This initiative tackles infrastructure challenges, […]
The post BVNK launches Layer1 to simplify stablecoin payments for businesses appeared first on CryptoSlate.
Telegram’s TON is rising as the hottest blockchain of the summer, and cryptocurrency drainers are taking notice.
According to VanEck’s head of digital assets research, VanEck is the first company in the United States to file for a Solana ETF.
A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully controlling risk.
The deal will be all-stock based and has been approved by both companies' board members.
The EU's Markets in Crypto-Assets Regulation (MiCA) introduces new rules for the cryptocurrency industry, which will affect stablecoins and crypto asset service providers.
: Artificial intelligence could deliver a killing blow to the dream of Web3.