Ethereum is also following Bitcoin’s path following the approval of a spot BTC ETF earlier this year. The spot Ethereum ETF successfully launched on Tuesday, with inflows of over $107 million, but the ETH price is under selling pressure and is down 1.1% at the time of writing, nearing the $3,450 level. However, on-chain metrics suggest that Ethereum whale activity remains high, suggesting that any downside could be limited going forward. According to on-chain data from IntoTheBlock, despite the ETF price drop yesterday, large holders have accumulated 112.9k ETH, raising a whopping $390 million. This accumulation significantly exceeds the $106…
Author: Crypto Flexs
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GSOL has surged to an all-time high as of this writing. GSOL price rises as expectations for SOL ETF grow. Grayscale Solana Trust has benefited from the current market conditions as the cryptocurrency market recovers and institutional investor interest surges. As discussions around a SOL ETF have intensified over the past two months, institutional investor interest has emerged even as Solana’s price has declined since its rally in May. GSOL is trading near ATH GSOL benefited greatly from the favorable market conditions surrounding SOL. According to Google Finance, GSOL closed at $524 two hours before the article was published, close…
$5.5 billion worth of Bitcoin (BTC) options expire in the early morning hours of July 26. This month’s expiration is particularly significant as the Bitcoin price has faced significant negative pressure from multiple sources: the Mt. Gox bankruptcy proceedings distribution, the German government’s sale of 50,000 BTC, and the sale of 14,000 BTC by the failed Genesis Trading company.Significant selling pressure has caused most Bitcoin call options to become worthless.On July 24, Mt. Gox assets sent 42,583 BTC to several addresses likely to be cryptocurrency exchanges. These funds have been held for over a decade since the Japanese-based exchange collapsed…
Company • July 24, 2024 5:53 PM EDT Posted 1 minute earlier In ~ Cryptocurrency asset management firm Hashdex has taken the next step in its plans to launch an exchange-traded fund (ETF) that directly owns physical bitcoin and ether, creating the first index-based cryptocurrency ETF in the United States.Hashdex filed a registration statement, also known as an S-1, with the U.S. Securities and Exchange Commission on Wednesday. The fund, called the Hashdex Nasdaq Crypto Index US ETF, will hold bitcoin and ether, but could later hold more assets depending on how the regulatory environment evolves.“If any other crypto assets…
Mimecoin, a member of the Solana ecosystem, has seen significant gains over the past seven days, outperforming the overall cryptocurrency market.According to data from CoinGecko, the total market cap of memecoins on the Solana blockchain has increased significantly over the past seven days, reaching $9.2 billion as of July 24.Cat in Dogs World (MEW) has the biggest weekly gain, up 82% over the last 7 days and up 1.4% over the last 24 hours. Gigachad (GIGA) has been the biggest gainer, up 45.5% over the last 7 days and up 9% over the last 24 hours.Large-cap Mimecoin in the Solana…
Jessie A Ellis 25 Jul 2024 01:48 Researchers are using AI to revive the DNA of extinct species to combat drug-resistant pathogens, a move that could potentially revolutionize antibiotic discovery. According to the NVIDIA Technology Blog, researchers are using artificial intelligence (AI) to mine the DNA of long-extinct species like woolly mammoths and giant sloths, discovering genomic secrets that could help us fight today’s most contagious pathogens. Coping with the Growing Crisis According to the World Health Organization (WHO), more than 1.25 million people die each year worldwide from infections that are resistant to…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Surprisingly, the first 24 hours after the ETH ETF was launched coincided with Mt. Gox’s decision to transfer another round of bitcoin to its lenders. The bearish news overshadowed the monumental launch of the ETF, creating mixed sentiment in the crypto market. While investors wait for the ETF news to have an impact on the market, attention is focused on the most popular cryptocurrencies on the Avalanche chain. In today’s article, we look at the price action of Xana, Shrapnel, and VAPE, highlighting…
Mimecoin, a member of the Solana ecosystem, has seen significant gains over the past seven days, outperforming the overall cryptocurrency market.According to data from CoinGecko, the total market cap of memecoins on the Solana blockchain has increased significantly over the past seven days, reaching $9.2 billion as of July 24.Cat in Dogs World (MEW) has the biggest weekly gain, up 82% over the last 7 days and up 1.4% over the last 24 hours. Gigachad (GIGA) has been the biggest gainer, up 45.5% over the last 7 days and up 9% over the last 24 hours.Large-cap Mimecoin in the Solana…
Polygon (MATIC) Labs announced plans to launch Binius-based zkVM in collaboration with Irreducible. Ethereum co-founder Vitalik Buterin has praised Vinius as a game changer in cryptographic proof-of-concept efficiency. Binius-based zkVM is the latest of several features being added to AggLayer. The promise of zero-knowledge technologies to create more secure, scalable, and privacy-preserving blockchain solutions has generated significant interest in the tech world in recent years, even sparking a slogan. “ZK is the endgame” It is one of the projects seeking to scale Ethereum. One team pushing the boundaries of what’s possible in this space is Polygon (MATIC) Labs. Last year,…
Digital asset bank Signum reported profitability on Wednesday following strong first-half results.According to a statement shared with The Block, Sygnum has seen cryptocurrency spot trading double, crypto derivatives trading increase by 500%, and lending volume increase by over 360% in the first half of 2024 compared to the same period last year.Cryptocurrency transfers on Sygnum’s institutional-grade platform have grown significantly across four key customer segments: professional individual investors, external asset managers and multi-family offices, cryptocurrency foundations and DLT companies, and funds and hedge funds.Sygnum’s “Staking-as-a-Service” offering has also seen notable growth, with the percentage of Ether staked by customers increasing…