The post BlackRock’s Secret Influence: SEC Rushes Ethereum ETF Filings – Is a Spot ETH ETF Imminent? appeared first on Coinpedia Fintech News
As the U.S. Securities and Exchange Commission (SEC) urges issuers of spot Ethereum ETFs to update their 19b-4 filings asap. Speculation is brewing within the Ethereum community regarding the imminent approval of Ethereum Exchange-Traded Funds (ETFs) Meanwhile, Crypto investor Lark Davis suggests that BlackRock, a major investment firm, may have played a key role in …
The post Ethereum Rockets as On-Chain Activity Soars Wirth ETF Approval Buzz! appeared first on Coinpedia Fintech News
Ethereum’s price has surged nearly 20% in a thrilling turn of events, hitting a remarkable $3600 overnight. The market is electrified, fueled by whispers of an imminent Ethereum ETF approval. On-chain indicators are flashing bullish signals with a staggering 89.41% increase in transfer volume, reaching 2,211,662.14 coins. Active addresses have spiked by 9.44%, totaling 499,570, …
The Biden administration may be preparing for a strategic pivot on crypto regulations, potentially aligning closer with the digital asset community ahead of the upcoming November election. This speculation follows recent developments indicating a possible approval of a spot Ether ETF, a significant change in stance by the Securities and Exchange Commission (SEC). On Thursday, […]
A community member said that Yuga Labs killed CryptoPunks with the new Super Punk World collection, while another threatened to sell their punk NFT.
Hex Trust Group has issued USDX, the first native stablecoin on layer-1 blockchain Flare, according to a press release.
The post Ethereum Price Prediction: Will ETH Price Hit New ATH By May End? appeared first on Coinpedia Fintech News
With the rising speculations of the Ethereum ETF approval by the Securities and Exchange Commission (SEC), the ETH price has recorded a massive jump of 19.26% within the past day with a surge of 243.69% in its trading volume. Furthermore, the market leader, BTC price, has added 7.12% with a jump of 130% in its …
The post Tron Foundation Holds More Ethereum Token Than The Ethereum Foundation: H.E. Justin Sun. appeared first on Coinpedia Fintech News
In a recent tweet, H.E. Justin Sun, on his “X” handle, posted a tweet highlighting the number of ETHs held by the Tron Foundation. The Tron Foundation now officially has more reserves of ETH tokens than the Ethereum Foundation itself. This makes it the largest community holder in the crypto market and further highlights the …
Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark.
Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) saw a staggering $237.2 million inflow on May 20. Six of the 11 ETF issuers experienced significant inflows, with Ark ARKB leading the pack with a $68.3 million inflow, bringing its total net inflow to an impressive $2.6 billion. BlackRock IBIT followed closely with […]
The post Bitcoin ETFs see $237 million inflow on May 20, led by Ark and BlackRock appeared first on CryptoSlate.
Discover the step-by-step process to purchase Bitcoin seamlessly through the user-friendly platform eToro.
Meme coins have been increasingly seen as a way to bet on the growth of the underlying network they are issued on.
The post Veteran Investor Predicts PEPE’s Massive Rally – Says It Mirrors Dogecoin 2021 Rally appeared first on Coinpedia Fintech News
PEPE, a popular meme-inspired cryptocurrency, has experienced a substantial rise in the last 24 hours. The price of PEPE has increased by 16.95%, bringing its current value to $0.000001109. This surge is driven by a market cap increase to $4.65 million, showing strong market confidence in PEPE’s growth. Meanwhile, renowned crypto investor Jameson declared PEPE …
Bitcoin upside strength causes pain for shorters, but doubts remain over whether the BTC price rally can last much longer.
In his latest essay titled “The Easy Button,” Arthur Hayes, founder of the crypto exchange BitMEX, delves into the dynamics of global monetary policies and their consequential ties to what he describes as the impending ‘Crypto Valhalla.’ Hayes analyzes the policy maneuvers of the world’s major economies, notably Japan, the United States, and China, and their effects on the crypto landscape. The Dawn Of Crypto Valhalla Hayes outlines the Federal Reserve’s potential strategy in coordination with the US Treasury to engage in unlimited dollar-for-yen swaps with the Bank of Japan (BOJ). This measure aims to manipulate exchange rates to stabilize the yen without causing disruptive economic shifts. Hayes states, “The Fed, acting on orders from the Treasury, can legally swap dollars for yen in unlimited amounts for as long as they wish with the BOJ.” This tactic, according to Hayes, is designed to avert immediate financial crises by deferring hard economic decisions. Related Reading: Crypto Analyst Sounds Warning Alarm For Potential 50-60% Crash In Chainlink Price, Here’s Why The implications for Japan’s economy are stark, with Hayes predicting severe consequences should the BOJ decide to raise interest rates: “If the BOJ raises interest rates, it commits seppuku,” Hayes notes, using the Japanese term for ritual suicide to underscore the potential self-destructive economic impact, given that the BOJ is the largest holder of Japanese Government Bonds (JGBs) and would incur massive losses. The devaluation of the yen has also significant ramifications for China’s global economic competitiveness, especially in exports. Hayes discusses how a weaker yen harms China’s export economy by making Japanese goods cheaper internationally, directly competing with Chinese products. He suggests that the People’s Bank of China might respond by devaluing the yuan to maintain competitive balance. “If the yen keeps weakening, China will respond by devaluing the yuan,” Hayes predicts, outlining a potential economic tit-for-tat that could destabilize global markets. Hayes further theorizes about a dramatic monetary policy shift in China involving its substantial gold reserves. He posits that China could use these reserves to peg the yuan to gold, thereby creating a new economic landscape. “China is estimated to have stockpiled over 31,000 tonnes of gold […] I believe that for domestic and foreign political reasons, China wishes to keep the dollar-yuan rate stable.” By pegging the yuan to gold, China could potentially insulate itself from currency fluctuations and exert greater control over its economic destiny. The essay also touches on the intersection of US politics and economic policy, particularly in light of the approaching presidential election. Hayes speculates that domestic economic pressures, such as job losses and the reshoring of manufacturing, could significantly influence the Biden administration’s policy decisions. Related Reading: Cardano Founder Predicts Crypto As Election Game-Changer: Impact On Price He argues that the administration may avoid aggressive moves against China to prevent a backlash in pivotal states: “Biden must win these battleground states to keep the Orange Man at bay. Biden cannot afford a yuan devaluation before the election.” Hayes suggests that these global currency maneuvers could lead to a bullish scenario for cryptocurrencies. He advises crypto traders and institutional investors to monitor the USDJPY exchange rate closely, asserting that significant movements could indicate shifts favorable to crypto valuations. “Watch the USDJPY rate closer than Solana devs monitor uptime,” he advises, highlighting the potential for substantial financial opportunities in the cryptocurrency space.On the timing of a potential “Crypto Valhalla,” Hayes speculates that the pace of yen depreciation will accelerate into the fall. “This will put pressure on the US, Japan, and China to do something. The US election is a crucial motivating factor for the Biden administration to come up with some solution.” According to Hayes, a USDJPY surge towards 200 is “enough to put on the Chemical Brothers and ‘Push the Button.’ This analogy to the Chemical Brothers’ song underscores the urgency and drastic nature of the action required to counter such a currency imbalance. “If my theory becomes reality, it is trivial for any institutional investor to buy one of the US-listed Bitcoin ETFs. Bitcoin is the best-performing asset in the face of global fiat debasement, and they know it. When something is done about the weak yen, I will mathematically guestimate how flows into the Bitcoin complex will ratchet the price to $1 million and possibly beyond. Stay imaginative, stay boolish, now is not the time to be a cuck,” Hayes concludes. At press time, Bitcoin traded at $70,835. Featured image from YouTube / Tom Bilyeu, chart from TradingView.com
The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a single day.
Many industry pundits speculate the SEC’s sudden change of pace on spot Ether ETFs could be a result of increased political pressure.
Dogecoin creator Billy Markus, the internet personality also known as “Shibetoshi Nakamoto,” fired a shot across the bow of social media advertising with a recent critique. Markus, a major figure in the cryptocurrency world, took to his favorite platform, X, to express his frustration with the prevalence of scam ads. This issue has long been […]
Gala Games CEO Eric Schiermeyer confirmed on Tuesday there was a “security incident” that resulted in the unauthorized sale of 600 million GALA tokens.
The post Yuga Labs Announces Full Decentralization of CryptoPunks appeared first on Coinpedia Fintech News
Yuga Labs has declared a hands-off approach to CryptoPunks, thereby ensuring complete decentralization. The company has decided to solely assist museums and institutions in acquiring Punks for educational purposes. Additionally, collaborations with well-known artists are planned, including an artist-in-residence program with Nina Chanel. This will enrich the CryptoPunks ecosystem. This move aims to solidify the …
“This is a Black Mirror episode. Definitely turning this ‘feature’ off,” commented Elon Musk on Microsoft’s new Recall feature.
The value of Ripple’s XRP token has fluctuated dramatically in recent months. Talks about the coin are thriving and have reached their highest point since early April, despite an 8% price decline over the last 60 days. This raises the question of whether the recent internet talk will help XRP see a price spike or if it is just meaningless chatter that will eventually fade. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout – Analyst Social Media Frenzy The social media landscape surrounding XRP is abuzz. Santiment data reveals a surge in XRP’s social dominance, meaning conversations about XRP are outpacing chatter on other cryptocurrencies. This digital watercooler effect has historically correlated with price increases. In December 2023 and March 2024, similar spikes in social media buzz preceded XRP’s jumps to $0.66 and $0.71 respectively. Enthusiasts are hoping this trend holds true, potentially pushing the price back to the $0.70 mark. However, some analysts are throwing cold water on this social media frenzy. While the chatter is undeniable, the sentiment behind it seems less than enthusiastic. Santiment’s Weighted Sentiment metric paints a picture of a lukewarm market, with a reading of minus 0.78 indicating a slightly negative overall view. This negativity could dampen any potential price rise fueled by social media hype. Technical Outlook: Golden Cross Or Grim Reaper’s Embrace? Technical analysis, the art of deciphering price charts for clues, paints a mixed picture for XRP. On the bullish side, a recent “golden cross” has emerged, where the 20-day exponential moving average (EMA) crosses above the 50-day EMA. This is traditionally seen as a bullish signal, suggesting a potential price increase. If XRP can conquer the resistance level at $0.56, a surge towards the coveted $0.70 price point might be in the cards. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is currently negative, suggesting a lack of clear dominance by the bulls. This technical tug-of-war could see XRP retreat to the $0.50 support level before any potential rebound. Related Reading: Solana Leaves Competition In The Dust: Blazing Speed To Fuel Price Surge? The Verdict: Buckle Up For A Bumpy Ride The future of XRP seems to be hanging in the balance. Social media buzz suggests a potential price surge, but negative sentiment and murky technical indicators cast shadows of doubt. Investors should buckle up for a potentially bumpy ride. While a price increase to $0.70 is not out of the realm of possibility, a drop to $0.50 or even lower cannot be entirely discounted. Featured image from Unsplash, chart from TradingView
The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has intensified with the SEC’s latest court filing, marking the final submission before Judge Analisa Torres of the Southern District of New York deliberates on the remedies phase of this landmark case. Ripple Vs. SEC: The Final Move In its filing […]
The SEC is reportedly considering the approval of Ethereum ETFs that exclude staking, with decisions expected in late May.
The post SEC may let Ethereum spot ETFs happen, but not with staked ETH: Galaxy Digital Head of Research appeared first on Crypto Briefing.
Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%.
For the first time in history, the price of one Bitcoin exceeded 11 million yen in Japan, while prices also peaked in terms of the Argentinean and the Philippines peso.
The post Top Altcoin Set To Outperform This Week as Crypto Bull Run Begins appeared first on Coinpedia Fintech News
In a recent Crypto Banter video, the focus was on the changing dynamics of altcoin investments, especially the problematic role of venture capital (VC) in new token launches. He became more interested in how VCs often inflate crypto valuations, making new tokens less attractive to retail investors. Moreover, it provided insights into promising altcoins that …
The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.
Lower-than-expected inflation data and a dominant Bitcoin have sparked a cautious return to crypto investment, with the US leading the charge. However, whispers of regulatory scrutiny cast a shadow over Ethereum, leading to outflows for the world’s second-largest cryptocurrency. Related Reading: Pump Fun Implodes: Ex-Employee Turned Hacker Exposes Alleged Shady Practices CoinShares, a leading digital […]
NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating in the state.
The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News
The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. …