According to a CNBC report, spot Bitcoin exchange-traded funds (ETFs) issuers have expressed skepticism that the US Securities and Exchange Commission (SEC) will approve similar spot Ethereum ETFs. Market participants, including asset managers BlackRock, Fidelity, and VanEck, eagerly await approval for Ethereum ETF products, but some issuers are uncertain about the SEC’s green light. Uncertainty…
On-chain data shows that demand for Bitcoin from HODLers is currently outpacing miner issuance for the first time in history and by quite a lot. Bitcoin Demand From Accumulation Addresses Is Higher Than Miner Issuance As CryptoQuant head of research Julio Moreno explained in a new post on X, the demand for the asset has…
On Tuesday, STFIL, a liquid staking platform for Filecoin (FIL), announced that its team is allegedly under investigation by local Chinese police. The platform’s FIL tokens had been moved to an unknown address outside the team’s control. The incident, now being investigated by the Filecoin Foundation, raised many concerns as investors wonder about the fate…
On Tuesday, Steven Nerayoff, a former advisor to the Ethereum network, filed a lawsuit against the US government, seeking $9.6 billion in damages. The lawsuit, filed under the Federal Tort Claims Act (FTCA), accuses the government of false prosecution and a series of other serious allegations spanning from 2019 to 2023. Ethereum Insider Vs. The…
The cryptocurrency world is abuzz with anticipation as Bitcoin (BTC) trades near its all-time high, inching closer to a potential record-breaking run. This bullish sentiment comes on the heels of a significant price surge in March, which saw BTC peak at $73,805. However, analysts believe the best may be yet to come, with the highly…
The Shiba Inu project, known for its meme coin SHIB, is making waves in the cryptocurrency world with two key developments: a strategic sponsorship and a surge in social media activity. This move signals Shiba Inu’s intent to be a major player in the evolving Web3 landscape. Shiba Inu Sponsors Web3 Summit Dubai 2024 Shiba…
Amidst crypto market fervor, Arthur Hayes predicts WIF’s ascent to $10, igniting investor interest. Concurrently, FLOKI experiences a meteoric rise, capturing attention. Meanwhile, Raboo emerges as a compelling investment prospect, with its entry-level token presale priced at a mere $0.0036, projected to surge 100x in 2024. As these trends shape the $62 Billion Meme Market,…
The Grayscale Bitcoin Trust (GBTC) appears to be approaching a critical balance point after a period of significant outflows, according to Michael Sonnenshein, CEO of Grayscale Investments. In an exclusive interview with Reuters on the latest episode of Inside ETFs, Sonnenshein delved into the challenges and transformations faced by the GBTC. Grayscale Investments has been…
Montenegro, caught in the crossfire of extradition battles between the United States and South Korea, has recently witnessed a significant turn of events in the case of disgraced crypto mogul Do Kwon. After a Montenegrin appeal court rejected his extradition to the US, Montenegro’s Supreme Court overturned earlier decisions to extradite Kwon to South Korea,…
So far, global crypto funds have soared to record annual inflows, reaching roughly $13.8 billion year-to-date as reported by asset manager Coinshares. This milestone marks a substantial increase in investor participation in the crypto market, highlighting growing confidence and interest in digital assets as a “viable” investment avenue. Notably, the latest inflow figures also reveal…
